Cash Swap: Old Banknotes Redeemable Only at CBN after Deadline

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday told holders of the old N200, N500 and N1000 banknotes that in line with the provision of…

Reps dump N22.7tn loan request, okay N1tn borrowing

The House of Representatives, on Tuesday, partly approved of the requests made by the President, Major General Muhammadu Buhari (retd.), on Ways and Means Advances from the Central Bank of…

Banks fail to dispense cash in halls, ATM terminals

Naira is now on sale, no thanks to the scarcity of both old and new notes in bank halls and their Automatic Teller Machine (ATM) terminals. In many cities, Point…

Nigeria’s public debt hits N44.06tr in Q3 2022

The National Bureau of Statistics (NBS ) has said that in the third quarter of 2022, (Q3 2022) domestic debt totalled N44.06 trillion from N42.84 trillion in the second quarter…

Govt plans PoS agents for $800m cash-transfer scheme

The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, has said that the Federal Government will deploy Point-of-Sales agents for cash transfers during the National Social Safety Net…

Liquidity constraint, poor incentives stall market-making takeoff

The Nigerian Exchange Limited (NGX) has listed illiquidity and failure to attract the needed capital as major setbacks to the takeoff of the market-making initiative. Besides, lack of incentives such…

Senators, Reps draw battle line with CBN over naira notes

Lawmakers seek six-month extension •Tuesday deadline sacrosanct, apex bank insists The controversy over the January 31 phaseout deadline for old naira notes has not abated. Senators and House of Representatives…

Africa Plus Partners Lists N20.5bn Carbon Mitigation Fund on NGX

Africa Infra Plus Fund (AIPF I), yesterday listed N20.5billion closed-end carbon mitigation infrastructure fund on the Nigerian Exchange Limited (NGX). Co-managed by Africa Plus Partners Plc, and Capitaltrust Investments &…

Independent marketers sell fuel at N300 per litre

THE Federal Government’s decision to increase the pump price of premium motor spirit (petrol) by eight per cent has failed to ease supply challenges in the country, as independent marketers…

Katsina traders reject old naira notes

Many bank customers in Katsina State, on Monday, suffered delays before being attended to following pressure by some of them who wanted to change their old naira notes for new…