CBN increases Monetary Policy Rate to 18%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 18 per cent from 17.5 per cent. The CBN…
Kano dismisses story on Kano Club, says no plan to revocate land title
Kano state government has debunked a story as mere misrepresentation of facts to settle political scores that it has revoked the title of Kano Club in the metropolis. The state…
FCTA demolishes makeshift settlement, market in Garki Area 1
A squatter settlement and makeshift market behind the Old Federal Secretariat, Area 1, Garki, were on Tuesday demolished on the order of the Federal Capital Territory Administration, FCTA for constituting…
Naira crisis shouldn’t have reached unbearable height before Buhari, CBN’s intervention – Expert
A financial inclusion/wealth management expert, CEO of SD&D Capital Management Limited, Mr Idakolo Gabriel Gbolade, said the Naira crisis should not have reached an unbearable height before the government’s intervention.…
Buhari Tells Emefiele, Malami To Comply With Supreme Court On Old Notes Rulling
President Muhammadu Buhari has said the Central Bank of Nigeria (CBN) does not need his directives before it complies with the Supreme Court ruling which extended the validity of the…
CBN Says Old ₦200, ₦500, ₦1,000 Notes Remain Legal Tender
The Central Bank of Nigeria (CBN) on Monday said old N200, N500, and N1,000 banknotes remain legal tender Till December 31, 2023. The apex bank’s Acting Director of Corporate Communications,…
Fire razes shops at singer market in Kano
The Kano State Fire Service on Monday confirmed that fire had razed some improvised shops and the upper building of old Savannah Bank at Singer market in Kano. A statement…
Fire Razes 19 Shops, One Mosque In Kano Market
No fewer than 19 shops and one mosque were destroyed in a fire outbreak at Kasuwar Rimi Market in Kano in the early hours of Wednesday. The State Fire Service…
Both Old And New Notes Are Now Legal Tenders – CBN
Official The Spokesman of the Central Bank of Nigeria (CBN), Isa Abdulmumin, has said both the old and new naira notes are now legal tender following the new directive of…
It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000
Some commercial banks in Lagos have started issuing the old naira notes to customers at their various automated teller machines (ATMs) terminals and over the counter. The development is in…