Cash Crunch: Nigeria Risks CBN-Induced Recession, Govs Warn
The Nigeria Governors’ Forum (NGF) has warned that the continuous scarcity of the N200, N500 and N1,000 new notes may lead to economic recession as well as severe food inflation.…Read More
Cash Crunch: Ganduje Shuts Wellcare Supermarket In Kano Over Refusal To Accept Old Naira Notes
*We’ll Start Accepting Old Notes, Kano Supermarket Begs Ganduje Abdullahi Ganduje, governor of Kano, has ordered the closure of Wellcare supermarket over its refusal of old naira notes from customers.…Read MoreSupreme Court Of Nigeria And The Naira Swap Bruhaha: When Non-Joinder Is Fatal.
By Sylvester Udemezue May I humbly appeal that you kindly make out time and first read my earlier opinion titled “Naira Redesign and Swap Hullabaloo: Why I Think the Supreme…Read MoreNaira Redesign Policy To Reduce Unbanked Population, Tackle Insecurity — CBN
The Central Bank of Nigeria (CBN) says the naira redesign policy is to promote financial inclusion and aid security agencies’ efforts in tackling insecurity. Speaking on Saturday at the 44th…Read MoreNigerians Ignore Supreme Court Order, Reject Old Naira Notes
Meanwhile, governors of Kaduna, Kogi and Zamfara approached the Supreme Court on February 3, requesting that the extension should be beyond Feb. 10 as announced by the CBN. Following the…Read MoreMoody’s Ratings: Is Egypt in Better Position Than Nigeria?
Moody’s Ratings: Is Egypt in Better Position Than Nigeria? For foreign currency attraction, Ballon d’Or will apparently go to Egypt (with a GDP size of $404.15 billion in 2021) rather…Read MoreMicrosoft to Integrate New AI Technology in Word, Other Apps
Microsoft to Integrate New AI Technology in Word, Other Apps Microsoft (MSFT) is preparing to demonstrate its new artificial intelligence technology, which is similar to ChatGPT, in its productivity apps…Read MoreNASD Sheds N15bn over Frail Sentiment in OTC Market
NASD Sheds N15bn over Frail Sentiment in OTC Market NASD over-the-counter (OTC) securities exchange index (NSI) slumps by more than N15 billion amidst uncertainties in the economy ahead of Nigeria’s…Read MoreIMF Asks El Salvador to Address Bitcoin Risks
IMF Asks El Salvador to Address Bitcoin Risks Risks over El Salvador’s embrace of bitcoin “have not materialized,” but use of the cryptocurrency still requires transparency and attention, the International…Read MoreDebt Office Reopens N360bn Bonds for Auction
Debt Office Reopens N360bn Bonds for Auction As part of an effort to close the fiscal gap, the Debt Management Office (DMO), on behalf of the Federal Government of Nigeria…Read MoreNaira Redesign Has Reduced Kidnapping, Corruption –AGF, Malami
Abubakar Malami, Attorney General of the Federation and Minister of Justice has said that the introduction of naira redesign policy by Central Bank of Nigeria (CBN) reduced significantly the rate…Read MoreImplication Of Candidates’ Suspension/Expulsion By Political Parties Before Conduct Of Election: A Rejoinder
By IRONURU, Michael Chidiebere Between October 2022 and February 2023, there were multiple reports of the political parties’ suspension and/or expulsion of members, notwithstanding that those parties had not-so-long-before submitted…Read More
