January 24, 2023
Nigeria: NRC Explains Reason for Train Delay On Abuja-Kaduna Train Route
The Nigerian Railway Corporation (NRC), has apologised to passengers for the delay in rendering train services to passengers along the Abuja-Kaduna train route on Monday. Read more »
Nigeria: New Naira Notes - Ekiti Residents Bemoan Financial Institutions Over Scarcity
Residents of Ekiti State have bemoaned the Central Bank of Nigeria, CBN, and Financial Institutions over its failure to circulate and dispense the new naira notes amidst the… Read more »
Nigeria: Airlines Count Loses, Passengers Stranded, As Aviation Workers Suspend Strike
Operators of domestic and international airlines are still counting their loses from yesterday's strike by workers of Nigerian Aviation Handling Company Plc., NAHCo. Read more »
Nigeria: Over 50% Unbanked Population May Lose Savings to CBN's Currency Redesign - Report
One week to the full replacement of the old Naira notes as a legal tender, indications have emerged that over 50 percent of Nigeria's unbanked population may lose their cash… Read more »
January 23, 2023
Nigeria: Lekki Seaport Will Generate Thousand Jobs Our Citizens - Sanwo-Olu
Governor Babajide Sanwo-Olu of Lagos state has assured that the Lekki Deep Seaport will generate thousands of jobs for the citizens. Read more »
Nigeria: Govt's 8% Petrol Price Hike Fails to Ease Supply Shortages
The Federal Government's decision to increase the pump price of premium motor spirit (petrol) by N15 per litre (8 percent) from N180 to N195 has failed to ease supply… Read more »
Nigeria: Buhari Inaugurates $1.5bn First Deep Sea Port in Lagos
President Muhammadu Buhari has arrived Lagos to officially commission the $1.5 billion Lekki Deep Seaport, first in Nigeria. Read more »
Nigeria: NECA, MAN, NACCIMA Raise Alarm Over De-Marketing of Nigerian Businesses
The Nigeria Employers' Consultative Association, NECA; Manufacturers Association of Nigeria, MAN; the National Chambers of Commerce, Industries, Mines and Agriculture, NACCIMA, and… Read more »
Nigeria: NRC Evacuates 300 Stranded Passengers As Warri-Itakpe Train Derails
Barely a month after no fewer than 20 passengers were abducted from a train station in Igueben, Edo State, the same train plying the Warri-Itakpe route derailed yesterday, leaving… Read more »
January 22, 2023
Nigeria: Currency Redesign Policy Fuels Naira Stability At Parallel Market - BDCS
The Association of Bureaux Des Change Operators of Nigeria (ABCON), says that the naira redesign policy of the CBN has fuelled the stability of the naira at the parallel market. Read more »
January 23, 2023
Nigeria: Cost of Living to Dominate Global Risks in the Next 2yrs - WEF'23
A major conclusion reached at the World Economic Forum, WEF'23, which ended last weekend in Davos, Switzerland, was that the next decade will be characterized by environmental and… Read more »
Nigeria: Economy - Nigerians Adopt Mobile Wallets to Scale Bank Charges
The rapid rise in the growth of mobile money technology in Nigeria was a phenomenon that was not embraced by all, especially the older persons who derived their confidence in… Read more »
Nigeria: World Economic Forum 2023 - Key Takeaways for Nigeria As New Regime Sets in the Horizon
As Nigeria prepares to see the back of the current political regime, the just-ended 2023 World Economic Forum, WEF'23, held in Davos, Switzerland, appears to be setting agenda for… Read more »
Nigeria: CBN Appeals to Akwa Ibom Residents to Return Old Naira Notes Before January 31 Deadline
The Central Bank of Nigeria, CBN, has made further appealed to Akwa Ibom state residents to return the old notes of N1000, N500, and N200 to the banks before January 31, 2023 when… Read more »
Nigeria: Banks in Battle of Wits Over New Naira Notes
With five weeks gone into the period of transition from old to new Naira notes and just barely one week to the deadline for acceptance of the old notes as legal tender, the Central… Read more »
January 22, 2023
Nigeria: New Redesigned Naira Notes 'Ll Help Check Inflation - Central Bank
The Central Bank of Nigeria has assured that the introduction of the redesigned new Naira notes would help check the spiralling inflation in the country. Read more »
January 20, 2023
Nigeria: Fuel Price Hike Is Last Kick of Dying Regime - Labour
Organised labour has described Federal Government's increase of pump price of fuel from N170 to N185 as the last kick of a dying regime. Read more »
Nigeria: Petrol Price Increase - Labour Kicks, Calls for Mass Rejection
Organised Labour has expressed shock over the increase in the price of petrol to N185 per litre, describing it as the "last kick of a dying regime." Read more »
January 19, 2023
Nigeria: Fuel Queues - Lagos Moves to Regulate Activities of Petroleum Marketers
Lagos State Government has begun the move to regulate the activities of major and independent petroleum marketers operating along major roads and traffic-prone areas within the… Read more »
Nigeria: Emefiele Updates Buhari On Availability of New Naira Notes, Others
The Governor of the Central Bank of Nigeria (CBN) on Thursday in Abuja updated President Muhammadu Buhari on the activities of the bank. Read more »
Nigeria: We've Been Begging Banks to Take New Notes - Central Bank
The Central Bank of Nigeria, CBN yesterday said that it has been begging banks to come and collect the new N200, N500 and N1,000 naira notes. Read more »
January 18, 2023
Nigeria: CBN Urges Banks to Collect Redesigned Notes or Face Sanction
The Central Bank Governor, Mr Godwin Emefiele, has called on commercial banks to approach the apex bank branches across the country to pick up the new naira notes. Read more »
January 19, 2023
Nigeria: Gradual Removal of Petrol Subsidy Starts April - Govt
The Federal Government may begin a gradual removal of the petrol subsidy from April 2023, about three months ahead of the initial plan to effect a complete stop to the expenditure… Read more »
January 18, 2023
Nigeria: Don't Pay Charges for Deposit of Old Naira Notes - CBN
The Central Bank of Nigeria, CBN, on Wednesday warned residents, market women and leaders not to pay charges while depositing the old naira notes to their respective commercial… Read more »
Nigeria: Abductors of Osun Farmers Release Three Victims, Two Still in Captivity
Abductors of two Osun state farmers and three other relatives have released the two farmers and a driver. Read more »