The Supreme Court on Wednesday restrained the Federal Government from implementing the Friday deadline for the currency swap.
A seven-man panel of the apex court led by Justice John Okoro, in a unanimous ruling, granted an interim injunction restraining the Federal Government, the Central Bank of Nigeria and commercial banks from implementing the Friday terminal date for the old naira notes.
Also…
The stock market lost N37 billion on Tuesday after a six-day rally that ended with a take profit bottoming Nigerian Exchange Limited.
The Jeonju index closed at 54,299.76 points, down 67.98 points and 0.13% from the previous trading day. Similarly, the total market…
Sterling Bank said it has waived all personal account transaction fees in solidarity with customers facing a new naira shortage. Sterling Bank CEO Abubakar Suleiman made the announcement to clients via email. Here is part of an email to Sterling customers: Feb 6, 2023…
On Monday, the Lagos state government began a two-week training session for 50 city planners on how to effectively use drones to monitor land encroachment and other heinous activities. This is stated in a statement released by a spokesman for the Physical Planning Permitting Agency of the State of Abimbola-Umeh. He said that his party had conducted training in accordance with the state policy on…
As the naira scarcity persists, some banks are shutting their branches over rising customer attacks,
This came a day after the Lagos State Police Command issued a warning that some groups were planning to unleash violence in the state due to the naira scarcity.
Some of the…
Crypto exchange, Binance has announced that it will temporarily suspend USD deposits and withdrawals on February 8th because of an administrative issue.
A Binance spokeswoman told WatcherGuru that affected clients would be notified individually and that the suspension…
Technology company, Google has said it is planning to release its own conversational Artificial Intelligence service called Bard.
The conversational AI service is strengthened by Language Model for Dialogue Applications which seeks to provide better services for users and developers alike.
Bard is expected to compete with Open AI’s ChatGPT which has become an international trend since its…
The bullish momentum in the Nigerian equities market has defied analysts’ expectations as the benchmark index breaks another strong psychological resistance point, surpassing 54,000 mark, reaching a 14-year high of 54,213.09 points last weekend.
The market had recorded a…
The Central Bank of Nigeria may fine banks hoarding new notes a sum of N5m and members of the public selling the new notes N50,000.
This was based on the Central Bank of Nigeria Act of 2007 and the Banks and other Financial Institutions Act of 2020.
According to the Banks…
Over 50 per cent of Point of Sale operators have closed their shops as scarcity of new and old naira notes bites harder, it has been learnt.
The National Chief Aggregating Officer of the Association of Mobile Money and Bank Agents in Nigeria, Hussein Olanrewaju, who made this disclosure on Monday, said the impact of the ongoing shortage of new and old naira notes had worsened the plight of…