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Business and Economy

Currency Redesign: PoS merchants hike commission on transactions over redesigned notes

SOME point-of-sale merchants (PoS) have resorted to increasing the commission on transactions regarding the new notes by 100 per cent barely five days to...

Naira deadline: Zulum orders emergency microfinance banks in Borno LGAs

BORNO State Governor Babagana Zulum has directed the immediate expansion of the state-owned Borno Renaissance Microfinance Bank to the state's 27 Local Government Areas...

FG eyes $500m revenue from cashew exports

THE Minister of Agriculture and Rural Development, Mohammed Abubakar, has revealed that the Federal Government is to generate $500 million from cashew nut exports...
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Currency Redesign: CBN says no going back on January 31 deadline

THE Central Bank of Nigeria (CBN) maintains there is no going back on its January 31 deadline for the old N200, N500 and N1,000...

Businesses exposed to higher risks as CBN raises interest rate to 17.5%

THE private sector and bank debtors may have further been exposed to higher risks of manufacturing costs and loan repayment interests, with the Central...

Nigeria to host regional digital economy conference

THE Nigerian Communications Commission (NCC) has announced that Nigeria is set to host the West Africa Digital Economy Conference. NCC’s Director of Public Affairs, Reuben...
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President Buhari lauds Sanwo-Olu on agriculture revolution  

PRESIDENT Muhammadu Buhari on Monday January 23, 2023 commended Lagos State governor, Babajide Sanwo-Olu, for his administration's revolution in the agriculture sector, especially in...

FIRS records N10.1trn revenue collection in 2022

THE Federal Inland Revenue Service (FIRS) has announced that it collected over N10 trillion in tax revenue in the year 2022, the highest tax...

Currency hawkers sell redesigned notes amid concern of poor circulation

CURRENCY hawkers are already making brisk business from trading the three redesigned naira notes, which have remained inaccessible to point-of-sale (POS) merchants, traders and...
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Here are ways redesigning the naira notes will affect you

THE Central Bank of Nigeria's (CBN) redesigning of select...