We’ve ordered 500 million new notes, says CBN
Aishah Ahmad, Deputy Governor of the Central Bank of Nigeria (CBN), says 500 million new naira notes have been ordered…
MPC member cautions against ‘too much policy tightening’
As the Central Bank of Nigeria (CBN) intensifies its inflation fight, a member of the apex bank’s Monetary Policy Committee…
CBN Raises Withdrawal Limits to N500,000 for Individuals, N5m for Firms
The Central Bank of Nigeria (CBN) on Wednesday bowed to pressure from many Nigerians and lawmakers as it announced an…
FG bans cash withdrawals from public accounts
The Federal Government is to stop cash withdrawal from all public accounts with immediate effect. In place of cash withdrawals,…
Fake New Naira Notes: How to Identify Them
Some days after the Central Bank of Nigeria (CBN) released the redesigned Naira currency in the denominations of N200, N500…
Naira redesign will affect the poor, SMEs — World Bank
The World Bank has warned the newly redesigned naira which went into circulation last week may have negative effect on…
Forex scarcity: Raw materials import dips 22.36% to N1.88tn
Manufacturers spent N1.88tn on raw materials import in nine months, foreign trade reports of the National Bureau of Statistics have…
Visa votes $1b for Nigeria, others’ digital transformation
A United States (US) multi-national financial services corporation, Visa, has voted $1 billion for investments in Nigeria and other parts…
CBN policy will increase housing cost, says REDAN
The last may not have been heard on the adverse effect of the new Central Bank of Nigeria withdrawal policy…
FG targets 34 million MT rice production by 2030, Launches Rice Development Strategy
The Federal Government on Thursday launched the National Rice Development Strategy II (NRDS II, 2020-2030), with the target of improving…