Goli Innocent
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has been sued by a Lagos-based lawyer, Tope Alabi for alleged disobedience of the Supreme Court orders on its naira redesign policy. Alabi approached the…
New Telegraph
The Russian-Ukraine war and the consequent sanctions against Russia by European countries and foreign exchange challenges have been identified as major contributors to the spiralling prices of Automotive Gas Oil (AGO) popularly called diesel and…
Tony Chukwunyem
Although the implementation of the Central Bank of Nigeria’s (CBN) naira redesign programme is widely blamed for the cash shortage that Nigerians have been experiencing in the last few months, the policy has, on the…
The Nigerian local currency on the parallel market otherwise known as the black market did not shift as it opened for exchange at the rate of ₦752 to the US Dollar (per $1). Bureau De…
Tony Chukwunyem
There is growing concern that the refusal of petrol stations, commercial buses, traders and other businesses to accept the old N500 and N1,000 notes, could lead to protests across Nigeria in the coming days, which…
Paul OgbuokiriI
Indication at the weekend was that there is yet no respite in sight for the ordinary Nigerians and operators of Small and Medium Enterprises (SMEs) whom their daily livelihood has been rubbished and standard of…
New Telegraph
Following disturbances in some parts of the country as a result of non-availability of new naira notes, the Association of Senior Staff of Banks Insurance and Financial Institutions (ASSIBIFI) has directed bank workers to stay…
Onyekachi Eze
S tate governors have directed their Attorneys General to join the case filed at the Supreme Court against the new naira notes by the Central Bank of Nigeria (CBN). About seven state governments, mostly those…
New Telegraph
More Nigerians than ever are picking up interest in Bitcoin, according to trend results on Google. The most populous black nation set the record for the region with the highest search for keywords such as…
Abdulwahab Isa
Faults claim of threat to close some DMBs The Central Bank of Nigeria (CBN) said Nigeria Security Printing and Minting ( NSPMC) has capacity and enough materials required to produce local currency notes, the Naira.…
