WHY FLOATING THE NAIRA IS NOT A GOOD IDEA. By Kola Asatola Asanike* The idea of floating naira/USD and concurrently removing fuel subsidy is one of the main reasons for …
Naira
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The Central Bank of Nigeria (CBN) has effectively unified all segments of the foreign exchange (forex) market collapsing all previous windows into one, a statement by its Director of Financial …
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BusinessNews
At last, CBN obeys Supreme Court order, directs banks to receive old N200, N500, N1000 notes
by Adminby AdminAs first disclosed by former Central Bank of Nigeria (CBN) governor and sitting Governor of Anambra State, Prof Charles Soludo , the CBN has directed commercial banks to begin to …
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Uncategorized
Soludo says Emefiele told him banks will deal on old notes as state govts ignore Buhari, face CBN, AGF
by Adminby AdminKnowing full well where the problem lies for the Supreme Court order on retention of old Naira notes, some state governments have directed their attention to the Attorney-General of the …
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BusinessNews
News Flash: Supreme Court reverses Buhari, keeps old N200, N500, N1,000 notes in circulation to year’s end
by Adminby AdminThe Supreme Court has ordered that old N200, N500, and N1,000 notes remain in circulation till December 31, 2023, also declaring that the Federal Government’s naira redesign policy as unconstitutional. …
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NewsPolitics
Naira swap: APC, governors appeal to Buhari, says he is aware of hardship, calls for further patience
by Adminby AdminA meeting called by the leadership of the All Progressives Congress (APC) and attended by its presidential candidate, Bola Tinubu, 12 governors and two deputy governors, has called on the …
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President Muhammadu Buhari’s Minister of State for Labour and the spokesperson for the All Progressives Congress Presidential Campaign Council (APC-PCC), Festus Keyamo, has said that the President’s directive on the …
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BusinessNews
How Obasanjo backed Naira change, but warned against poor implementation – Presidency
by Adminby AdminThe Presidency has disclosed how former President Olusegun backed the controversial Naira redesign policy but warned that the implementation was its undoing. Presidential spokesman, Mr. Femi Adesina, disclosing for the …
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BusinessNews
Confusion continues Supreme Court adjourns & CBN governor insists no going back on deadline
by Adminby AdminThe Supreme Court has adjourned for another week, amid desperation by Nigerians, the suit filed by three state governments seeking to stop the Central Bank of Nigeria (CBN) from rejecting …
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NewsSocial Media
(Video) el Rufai defying CBN tells traders: Don’t return your old Naira notes, we will change the policy if we win elections
by Adminby AdminA video of Malam Nasir el Rufai, the governor of Kaduna State has surfaced showing him telling party stalwarts, traders and voters not to return old Naira notes to the …