The Debt Management Office has announced that it raised N724.9 billion in February 2023 Federal Government bond auction.
DBO said it was a 100% increase compared to the previous year.
The auction, which was held on February 13, 2023, saw a total of 577 bids worth N724.9 billion received for the total amount offered of N360 billion.
The total amount allotted was N771.56 billion, with…
The Central Bank of Nigeria seized N365.24m counterfeit notes between 2016 and 2020,
The figures were collated from the CBN’s annual report for each year available on its website.
The 2017 CBN annual report noted that the bank seized 77,576 pieces of counterfeit banknotes…
Report: The price of fuel in stores market increased by 110% in four months.
February 14, 2023
Ex-depot price of Premium Motor Spirit otherwise known as petrol has risen by 110 per cent in four months,
The data showed that the ex-depot price rose from N148 per litre last October to an average of N312 per litre on February 3 this year.
As the sole importer of petroleum…
Naira Deadline: Banks and fuel stations reject old bills, ignoring Supreme court orders.
February 14, 2023
Some commercial banks and filling stations have stopped collecting the old naira notes from customers, contrary to the ruling of the Supreme Court restraining the Federal Government from enforcing the February 10 time limit earlier fixed by the apex bank for the currency swap.
on Monday indicated that the banks refused to accept the old N1,000, N500 and N200 notes from depositors and…
Two Nigerian startups received $300,000 after attending the 2nd LEAP Technology Expo in Riyadh, Saudi Arabia.
Two startups are RiceAfrika Technologies and Wicrypt Technologies.
They became winners in various categories of the rocket fuel competition, which was attended by…
Transport Minister Mu’azu Sambo announced the federal government’s decision to introduce 24/7 online surveillance of the Abuja-Kaduna rail corridor.
He said this strategy will ensure the safety of passengers, employees and property along the Abuja-Kaduna rail…
The Bigi carbonated soft drink produced by Rite Foods Limited, a world-class and proudly-Nigerian company, that revitalises consumers with its 13 variants, has unveiled a new mantra, Bigi for Every Moment’ as the most refreshing brand that suits all occasions.
The new slogan highlights the idea that there is a perfect flavour to suit every moment for all demographics, whether for a celebration…
The Manufacturers Association of Nigeria (MAN) is working towards raising the contribution of the sector to the nation’s Gross Domestic Product (GDP) to 20 percent by 2030, representing a giant leap from its current average contribution of about 9 percent.
President of…
Jaiz Bank, the Premier Non-Interest Bank in Nigeria has recorded a N.67 billion Profit Before Tax, at the close of its 2022 operation year.
The figure, according to the statement by the bank, yesterday, represented a significant increase in Profit Before Tax (PBT) by 52.63%…
Old Naira Note: We will follow the decision of the Supreme Court. FG said
February 10, 2023
The Federal Government has said it would obey the ruling of the Supreme Court suspending the February 10 deadline given by the Central Bank of Nigeria, CBN on the exchange of naira notes.
Recall that the apex court in its ruling on Wednesday, suspended the February 10 deadline on the old naira notes which expires today.
The Attorney General of the Federation, Abubakar Malami, who confirmed this in…