Manufacturers’ sales dip 25% on cash crunch
The Manufacturers Association of Nigeria (MAN) has cried out that the currency redesign policy and the attendant scarcity of the…
Inflation in Nigeria rises to 21.9%, private sector blames naira crisis
Headline inflation in Nigeria rose to 21.91 per cent in February amid a naira redesign policy that was meant to…
Naira redesign will contract Nigeria’s GDP by N10trn in Q1 2023, says Ex-NBS boss
Oyeyemi Kale, former Statistician-General of the Federation, says Nigeria’s gross domestic product (GDP) would contract in the first quarter (Q1)…
Former CBN Deputy Governor faults implementation of naira redesign
A former Central Bank of Nigeria’s Deputy Governor, Kingsley Moghalu, has expressed dissatisfaction over the series of crises created by…
ePayments down 4.8% in February amid unresolved failed transactions
Contrary to claims that the Central Bank of Nigeria (CBN) policy on naira redesign will deepen electronic transactions in the…
Naira scarcity: Online banking transactions to hit double figures in H1 2023
Amid biting naira scarcity, economic experts have projected that the rate of online banking transactions done by Nigerians would hit…
NBA urges Buhari to comply with Supreme Court judgment on old N1,000, N500 notes
The Nigerian Bar Association (NBA) has asked President Muhammadu Buhari to immediately direct compliance with the terms of the order…
Soludo directs banks to dispense, receive old naira notes or risk closure
Professor Chukwuma Soludo, Governor of Anambra State has ordered commercial banks in the State to dispense old notes and receive…
Nigeria earns N4.92 trillion from VAT, CIT
The Nigerian government earned a cumulative sum of N4.92 trillion from Value Added Tax (VAT) and Company Income Tax (CIT)…
Banks reject deposits of old Naira notes by customers
Deposit Money Banks across the country yesterday began rejecting deposits of old naira notes (N1,000 and N500), after paying customers,…