Business

How Obasanjo backed Naira change, but warned against poor implementation – Presidency

Admin - February 17, 2023

The Presidency has disclosed how former President Olusegun backed the controversial Naira redesign policy but warned that the implementation was its undoing. Presidential spokesman, Mr....

Business

Naira: Ganduje says Buhari wants to destroy democracy, Jigawa also defies Buhari on old notes

Admin - February 17, 2023

▪︎ House Speaker, Gbajabiamila, frowns at Buhari, CBN actions The defiant language and actions of governors elected on the platform of the ruling All Progressives...

Business

el Rufai defies Buhari in broadcast, orders use of all Naira notes in Kaduna

Admin - February 17, 2023

In a brazen disregard of the President of the Federal Republic, and siding with the Supreme Court's order that N200, N500, and N1000 notes...

Business

Old N500, N1000 no longer legal tender, says Buhari as more banks shut doors over Naira scarcity

Admin - February 16, 2023

Against the grain of the Supreme Court order that old Naira notes should continue to be used in the country, President Muhammadu Buhari has...

Business

Scarcity of Naira forces Abuja UBA branch to shut out customers as two banks on fire in Benin & Ibadan boils

Admin - February 15, 2023

As tensions over the growing cash crunch continued, the oldest branch of the United Bank for Africa (UBA) Plc in Area 3, Garki District...

Business

Nigeria’s Inflation jumps 0.47% to 21.82%, reaches 17-Yr peak

Admin - February 15, 2023

Life was tougher and more brutish for Nigerians last month, because contrary to expectations that the annual inflation rate in Nigeria will peak at...

Business

Confusion continues Supreme Court adjourns & CBN governor insists no going back on deadline

Admin - February 15, 2023

The Supreme Court has adjourned for another week, amid desperation by Nigerians, the suit filed by three state governments seeking to stop the Central...

Business

Cash for sale at CBN’s Naira’s “new parallel market”

Admin - February 14, 2023

By Kelechukwu Mgboji (InsideBusiness.ng) “In my lifetime I have seen Naira being bought by Naira in Nigeria! This is the lowest of low!! “I don’t know...

Business

Supreme Court order or not, CBN says N200, N500, N1000 Naira no longer legal tender

Admin - February 14, 2023

There was palpable confusion in Abuja on Tuesday as many commercial outlets declined collecting old N200, N500, and N1,000 notes despite a scarcity of...

Business

Tinubu wants old, new notes to be used for a year

Admin - February 13, 2023

Bola Ahmed Tinubu, the presidential candidate of the All Progressives Congress (APC), wants the Central Bank of Nigeria (CBN) to allow old and new...

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