Business

The vice presidential candidate of the Labour Party, Datti Baba-Ahmed, has said comments made by the Governor of Kaduna State, Nasir El-Rufai, on the naira redesign policy following the nationwide broadcast of the President as treasonable El-Rufai in a state broadcast on Thursday faulted the President on his directive to …

The Federal Government, on Friday, announced that a total of 178 Local Government Areas in 32 states and the Federal Capital Territory were at risk of high floods this year. It disclosed this in Abuja while providing the general highlights of the 2023 Annual Flood Outlook put together by the …

The Kogi State branch of the Central Bank of Nigeria has ordered individuals with less than N500,000 to visit their various banks to exchange them with new naira notes. Checks at bank offices located at Hassan Katsina Road, Zone 8 in Lokoja revealed those with less than 500,000 were advised …

To facilitate the implementation of the country’s National Development Plan, the Ministry of Industry, Trade and Investment is developing a strategic plan that would  serve as a Roadmap to achieving the objectives of Increasing foreign investment  and International trade in Nigeria. The Permanent Secretary  Federal Ministry of Industry, Trade and …

Addressing a news conference at the State House, Abuja on Thursday, the IG said out of the number, the police will be providing over 300,000 personnel, while the balance will be sourced from complementary security agencies in the country.  He listed some threats against the conduct of the elections to …

President Muhammadu Buhari on Thursday said that the Central Bank of Nigeria has recovered over N2.1trn of the old naira notes from circulation. Buhari said this during a national broadcast The redesigned note was unveiled by President Muhammadu Buhari on November 23, consisting of N200, N500 and N1,000 respectively. The …

The Federal Government is preparing the country’s business environment for greater prosperity and wealth circulation as plans are underway to begin the listing of Free Trades Zones and zones’ enterprises on the Nigeria Capital Market. The Nigeria Export Processing Zones Authority (NEPZA); Nigeria Economic Zones Association (NEZA) and the Security …

The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Thursday, said he had met with the leadership of at least 15 commercial banks since the President, Major General Muhammadu Buhari (retd), announced his latest directive on the new Naira policy. Emefiele’s visit comes hours after the President, in …

Nigeria’s inflation soared to 21.82 per cent in January 2023, according to the National Bureau of Statistics. This is amid a redesign of the naira by the Central Bank of Nigeria. January’s inflation rate is a 0.48 per cent point increase from the 21.34 per cent that was recorded in …

The Presidency has said that neither the Federal Government nor the Central Bank of Nigeria had taken a stand on the continued use of the old N200, N500 and N1,000 notes as legal tenders seeing that the case is still pending before the Supreme Court, which will hear it today …