The Central Bank of Nigeria (CBN) has raised concerns about the significant drop in dollar inflows to the country’s economy, with only $72.3 billion recorded in...
The Nigerian Labour Congress (NLC) had threatened to go on strike due to the petrol and cash scarcity in the country. However, the federal government has...
To combat long queues at bank branches and ATMs, Deposit Money Banks in Nigeria may increase cash withdrawal limits from the current range of N20,000-N50,000 to...
In response to the current shortage of cash in Nigeria, the Nigeria Labour Congress has instructed all workers to stage protests at Central Bank of Nigeria...
On Monday, the Nigerian Naira strengthened against the US Dollar by 0.54%. This was due to a decrease in demand for greenbacks in the parallel or...
Following a directive from the Central Bank of Nigeria (CBN) on Monday that the old N500 and N1,000 notes remain legal tender in accordance with a...
Bank customers in Lagos State, Nigeria were shocked when banks started to issue old N500 and N1,000 banknotes after receiving a directive from the Central Bank...
Baba spoke with journalists and explained that while investigation is underway, certain people are not accountable
In a highly anticipated development, the Supreme Court of Nigeria has scheduled judgement for March 3rd regarding a consolidated lawsuit filed by multiple governors against President...
This comes after reports that commercial banks have begun collecting N500 and N1,000 notes from customers, despite the CBN’s rebuttal