Nigeria may lose 34% GDP to climate disaster – Analyst
With a median GDP impact of -20% by 2050 and -64% by 2100 under present climate policy, a study has been published by Christian Aid highlighting that the eight…
We are not against Naira redesign – Govs
The 36 states governors of Nigeria has called on the Central Bank of Nigeria (CBN) to effect the changes in its naira redesign policy to address the differences in various…
Oil production drops by 83% – Report
Findings from the Organisation of the Petroleum Exporting Countries report macroeconomic has shown that Nigeria's export capacity dropped by 83 per cent between 2020 and 2021. According to the…
New naira notes’ll enhance Nigeria’s economy – CBN
The Central Bank of Nigeria emphasised on the economic benefit of the new note as sensitisation intensifies following the closeness of the deadline to phase out the old…
Monarchs begs CBN to extend old naira deadline
Oluwanifemi Ojo The OkuIbom Ibibio and President General of Akwa Ibom State Traditional Rulers Council, Edidem Solomon Etuk, appealed to the Central Bank of Nigeria to extend the deadline…
CBN seeks monarch’s help to sensitise residents
Oluwanifemi Ojo As the deadline for the exchange of old and new naira notes draws closer, the Central Bank Of Nigeria has sought the help of traditional rulers to…
CBN permits DMBs to swap new, old naira notes across LGAs
The Central Bank of Nigeria has permitted Deposit Money Banks, Money Operators, and super agents to swap the old notes in local government areas to accelerate circulation of the…
Inflation weakened naira 15% in 2022 – NESG
Bisola David A recently released report by the Nigerian Economic Summit Group revealed that the naira was devalued by 14.9% due to inflation, which was brought on by the…
NAMA shuts Lagos airpot runway Sunday
The Nigerian Airspace Management Agency on Saturday announced the imminent closure of the international runway of the Murtala Muhammed Airport (18R/36L) in Lagos State. The closure, according to the…
Old naira: Commercial Banks to work Saturdays
The Central Bank of Nigeria has announced that commercial banks would work on Saturdays to receive the old Naira notes from customers. The Leader of the CBN inspection team…
Buhari didn’t approve petrol price hike – FG
The Federal Government of Nigeria has denied its involvement in the price increase of petrol despite the hike and scarcity nationwide. In a statement released by his media aide,…
Nigerians’ll embrace solar energy once FG ends subsidy – Expert
The CEO of Green Technologies, Aaron Esumeh, has predicted a boom in the renewable energy industry once the Nigerian government removes subsidy on petroleum products as proposed. This is as…
