Mobile transactions in Nigeria hit N2.37trn in January amid cash shortages
Despite the ongoing cash scarcity, Nigerians registered mobile transactions worth N2.37 trillion in January 2023, representing a staggering 125 per…
Naira redesign crisis: Banks, fuel stations reject old notes
Some commercial banks and filling stations have stopped collecting the old naira notes from customers, contrary to the ruling of…
DMO raises N724.9bn in February bond auction
The Debt Management Office (DMO) has announced that it raised N724.9 billion in February 2023 Federal Government bond auction. The…
Nigeria earned $4.8bn from non-oil export in 2022 – NEPC
The Nigerian Export Promotion Council (NEPC) has expressed its commitment to ensure that in 2023, Nigeria makes more than $4.82bn…
Cash crunch: Rural dwellers resort to trade by barter
Amidst the scarcity of both new and old naira notes in the country, residents of rural communities have adopted the…
Naira scarcity exposes e-payment channels’ weakness, says ICAN
As Nigerians grapple with the reality of the new naira note policy, the Institute of Chartered Accountants of Nigeria (ICAN)…
Council of State advises CBN to make new Naira notes available or re-circulate old notes
The National Council of State yesterday advised the Central Bank of Nigeria (CBN) to make new naira notes available or…
IMF urges Nigeria to finalise securitisation of CBN’s N22.7trn overdrafts
The International Monetary Fund (IMF) has underscored near-term downside risks arising from Nigeria’s elevated inflation, high debt-servicing costs, external sector…
Bank Directors intervene in Naira notes scarcity
Directors of banks, under the auspices of the Bank Directors Association of Nigeria (BDAN) said, it is working to free…
PDP, LP tackle FG over rising loan profile, decry N17.1 trillion foreign debts
The People’s Democratic Party (PDP) and the Labour Party (LP), yesterday, berated the Federal Government for its overdependence on external…