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Appeal Court overturns Emefiele’s asset forfeiture order
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Police storm Emefiele’s Abuja residence

Oluwanifemi Ojo Operatives of the Nigeria Police Force reportedly stormed the Abuja residence of the Central Bank Governor, Godwin Emefiele, The PUNCH reported. AMBusiness reports that this is coming about 24 hours after the operatives of the Department of State Services stormed the CBN governor’s office, following his return to the country on Monday after […]

Kogi residents lament scarcity of new naira note
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Kogi residents lament scarcity of new naira note

Oluwanifemi Ojo As the deadline issued on the old naira notes by the Central Bank of Nigeria draws closer, some of the Kogi State residents have lamented the scarcity of the new banknotes. The News Agency of Nigeria reported that most banks in Kogi State are yet to distribute the new note to the public […]

Emefiele orders banks to dispense old naira notes - Soludo
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Emefiele ready for MPC after resumption – CBN

The Central Bank of Nigeria has confirmed that its governor, Godwin Emefiele, is fully focused on the first Monetary Policy Committee meeting of the year 2023 amid rumoured arrest attempt made by the Department of State Services. The apex bank made this known in a statement released on Monday by its Director, Corporate Communications, Osita […]

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PoS operators won’t increase service charge – AMMBAN

The Association of Mobile Money and Bank Agents in Nigeria have said they have no plans to increase their service charges.Speculations have gone round following the Central Bank of Nigeria’s decision to review cash withdrawal limits for Automated Teller Machines and over-the-counter withdrawals, that Point of Sale operators might have to increase their charges to […]

Buhari
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AfCFTA will boost Nigerian exports by 15% – Buhari

The President, Major General Muhammadu Buhari (retd.), has said that the African Continental Free Trade Agreement will increase Nigeria’s exports by more than 15 per cent in fishery, textile, leather, wood and papers, metals, electronics, vehicles and transport equipment. Buhari stated this at the ninth African Shippers’ Day with the theme: “African Continental Free Trade […]

Oil and Gas

Oil blocs licensing to end in April –FG

The Federal Government declared on Monday that the seven deep offshore open oil blocs’ licensing round, which started on January 3, 2023, will end in four months time It asked investors with knowledge of and experience with deep-water operations from around the world to accept the financial terms of the Petroleum Industry Act 2021 and […]

Ghana requests debt relief under G20 Common Framework - IMF
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Ghana requests debt relief under G20 Common Framework – IMF

Ghana has requested debt relief through the Common Framework program, which is backed by the Group of 20 major economies, according to International Monetary Fund Managing Director, Kristalina Georgieva. According to a source familiar with the matter, Ghana asked for a restructure of its bilateral debt on Tuesday under the Common Framework initiative backed by […]

News

Nigeria’s inflation drops 21 per cent

For the first time in 11 months, Nigeria’s inflation rate decreased to 21.34 percent. Prior to November 2022, when it hit 21.47 percent, the country’s inflation rate had climbed for 10 consecutive months. In its most recent report, the National Bureau of Statistics stated that the country’s inflation rate decreased by 0.13 percent between November […]

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CBN’s problem is not Emefiele, says Obi

The Presidential Candidate of the Labour Party, Peter Obi, has stated that the problem of the Central Bank of Nigeria is not with its president, Godwin Emefiele. Obi, while speaking at the Chatham House in London on Monday stated that if elected as the president of Nigeria in the 2023 presidential election, he will ensure […]

How 0.5% import tax will boost Nigerian economy - CPPE
Economy News

How 0.5% import tax will boost Nigerian economy – CPPE

Nigeria’s economy operating costs, production costs, and inflation will increase as a result of the 0.5% tax that is being imposed on all imports from Africa for the 2023 Finance Bill. This information was provided to Nairametrics by Dr. Muda Yusuf, Director of the Centre for the Promotion of Private Enterprise, titled, “Tweaking the 2023 […]

Energy

Falana faults FG over irregular petroleum products prices

Human Rights Activist and Senior Advocate of Nigeria, Femi Falana, has condemned the attitude of the Federal Government in allowing private companies to fix prices of petroleum products. He also called on the FG to tell Nigerians why the migration from PMS to CNG has been abandoned.Falana, according to Vanguard, in a statement issued on […]

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