The naira has held fairly steady on the back of the chaotic currency exchange programme, but analysts say its weakness against the dollar will likely resume as the new currency notes are circulated in the system. The lack of physical cash has held the naira stable against the dollar this week, trading at 747 from…
The ActionAid Nigeria (AAN) on Monday in Abuja urged the Central Bank of Nigeria and the Federal Government to proffer permanent solutions to the raging naira and fuel scarcity crises in the country. AAN Country Director, Ene Obi, said Nigerians were going through multiple issues which had been compounded by government agencies. She noted that…
President Muhammadu Buhari says that the Federal Government has achieved 100 per cent broadband penetration across Nigeria. The president said this in Abuja on Tuesday at a Digital Economy Conference tagged: “Promoting a Vibrant Digital Economy, A Catalyst for Economic Growth in Nigeria”. The News Agency of Nigeria (NAN) reports that the conference was organised…
Nigerian Chambers of Commerce Dispute Resolution Center (NCC-DRC) as part of its mandate to promote and support amicable settlement of commercial disputes, has launched “The Prince Adetokunbo Kayode SAN National Inter-University Moot Arbitration Competition” for Nigerian Law Students. The virtual event held on 31st January 2023 and drew attendance from mediators, arbitrators, conciliators, students and…
The House of Representatives has rejected the February 10 deadline for the phasing out of old currency notes announced by the Central Bank of Nigeria on Sunday. The House of Representatives Ad hoc Committee on New Naira Re-design and Naira Swap Policy on Sunday described the new date as a mere political gimmick to further…
The Director General, World Trade Centre, Dr Nogozi Okonjo-Iweala, the Minister of Communications and Digital Economy, Isa Aliyu Pantami, the Honourable Minister, Federal Ministry of Trade, Industry and Investment (FMITI), Otunba Niyi Adebayo, Honourable Minister Ministry of Women Affairs and Social Development (FMWASD), Mrs. Pauline Tallen, OFR and Afrexim Bank President, Prof. Benedict Oramah among…
…says 75 per cent old notes now collected …vows to sanction banks ‘selling’ new notes The President, Major General Muhammadu Buhari (retd.), on Sunday, in Daura, agreed with the Central Bank of Nigeria’s request to extend the deadline for swapping of old naira notes with the redesigned notes from January 31, 2023, to February 10…
The Central Bank of Nigeria (CBN) has finally bowed to pressure and extended the usage of old Naira notes to February 10, 2023. The CBN governor, Godwin Emefiele who spoke to journalists Sunday morning, said he had the approval of President Muhammadu Buhari for the extension. The new deadline is now 10 February instead of…
The Vice-Chancellor of the University of Abuja (UofA), Prof. Adulrasheed Na’Allah, on Wednesday virtually inaugurated members of the Board of Centre for Entrepreneurship Studies of the institution. The inauguration was to strengthen the synergy between industry players and academia. The newly inaugurated Board members who are stakeholders in the private sector are; the President of…
The Nigeria Export Processing Authority (NEPZA) has said that the completion of the Deep-Sea Port in record period of four years was indication of Federal Government’s continued effective policy implementation. Prof. Adesoji Adesugba made the remark on Tuesday in Abuja in a special congratulatory message to the president, free zone investors, and to all relevant…
