The Federal Government said yesterday that Nigeria Air will soon start flying, having got the aircraft ready and painted in its colours.
The Minister of Aviation, Senator Hadi Sirika, disclosed this while briefing State House correspondents at the end of the weekly Federal Executive Council, FEC, meeting presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa…
Old Naira: Supreme Court decision overturned, invoke Executive Order- CSO's Buhari said.
February 9, 2023
The Civil Society Central Coordinating Council, the apex body of all civil society groups in Nigeria, has rejected the exparte order made by the Supreme Court restraining the CBN and President Muhammadu Buhari from terminating the use of the old N200, N500 and N1000 bank…
President Muhammadu Buhari has received the Governor Godwin Emefiele of the Central Bank of Nigeria, CBN, in Aso Rock, Abuja.
The meeting is holding hours after the Supreme Court, on Wednesday, ruled to stop the February 10 deadline for the validity of three old naira…
As the shortage of new banknotes continues, more and more banks are closing.
February 9, 2023
As the naira shortage continued, more banks began closing their branches.
Even on Wednesday there were still long queues outside the ATMs of many commercial banks in Lagos, Ogun, Abuja and elsewhere. As the February 10 deadline for the old N1000, N500 and N200 banknotes approaches, more Nigerians are frustrated that they cannot use cash for regular transactions. Subsequently, this led to protests…
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…
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 – Feb 18, 2023.
We are also happy to announce that we are offering a free debit card to all interested customers. It’s…
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…
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…
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 breakthrough against the psychological resistance point in May 2022 when it surpassed 53,000 points.
Earlier this year many…