January 24, 2023
Nigeria: NASS Asks CBN to Extend the Deadline On Old Naira Notes By Six Months
The CBN on Tuesday insisted that the deadline on old notes remained 31 January. Read more »
Nigeria: No Going Back On January 31 Deadline for Old Notes, Says Central Bank Governor
"I must say here that, unfortunately, I don't have good news for those who feel that we should shift the deadline. My apologies," Mr Emefiele said. Read more »
Nigeria: Offshore Support Company Caverton Appoints New Finance Officer
Another official has been appointed the new Chief Financial Officer of the offshore support company Read more »
Nigeria: CBN Increases Benchmark Interest Rate to 17.5%
The CBN's MPC also voted to keep the asymmetric corridor at +100 and -700 basis points around the MPR Read more »
Nigeria: P&ID - Nigeria Begins Bid to Overturn $11bn Judgement Debt
A lawyer representing Nigeria told the court that P&ID obtained its contract "by telling repeated lies and paying bribes to officials." Read more »
Nigeria: Obasanjo Farms Introduces New Cassava Breeding Technology
At full capacity, the greenhouse has the potential to hold about one million cassava plantlets, which is planting materials for 50ha, and the volume can be repeated two to three… Read more »
January 23, 2023
Nigeria: Lekki Port to Grow Nigerian Trade Volume, Increase GDP
Lekki Port LFTZ Enterprise's official describes the port as a game-changer that would redefine maritime activities in Nigeria and the entire West African sub-region. Read more »
Nigeria: NAHCO Vows to End Workers' Strike As Air Passengers Remain Stranded At Lagos Airport
As of 3:50 pm on Monday, airport officials told PREMIUM TIMES that frustrated air passengers remained stranded at the airport Read more »
Nigeria: Senators, Pencom Disagree On Police Exclusion From Pension Scheme
Excluding the police from the scheme would reverse measures put in place to reform the pension system, PenCom said. Read more »
January 19, 2023
Nigeria: Nigeria's Unemployment Rate Projected to Hit 37% - NESG
The group said that inflationary pressure is expected to remain elevated, driven by structural, cost and monetary factors Read more »
Nigeria: Sanwo-Olu Declares Four Work-Free Days for Public Servants to Collect PVC
The holiday will commence on Tuesday 24 January and end on Friday 27 January for different grade levels of public servants. Read more »
Nigeria: Central Bank Vows to Sanction Banks Hoarding New Notes
"No bank should refuse to collect the old naira notes until the deadline of 31st January 2023," an official said. Read more »
Nigeria: How I Became Bank CEO At 34 - Tony Elumelu
"I owed my accelerated career and successes to two things: hard work and luck...," the entrepreneur said. Read more »
Nigeria: Worker Dies in Lagos Building Collapse
Lagos emergency management agency says the building was being worked on by "unskilled labourers" when it collapsed. Read more »
January 18, 2023
Nigeria: Cabinet Okays NNPC's Request to Reconstruct 44 Roads Across Nigeria
FEC gave the approval at its meeting presided over by Vice President Yemi Osinbajo in Abuja. Read more »
Nigeria: Why Nigeria Must End Fuel Subsidy Regime in June - Minister
"In June 2023, we should be able to exit," an official said. Read more »
Nigeria: At Chatham House, Presidential Candidate Kwankwaso Speaks On 'Failed' Alliance With Labour Party
"Let me say that I was one of those initially wanting to work together with the labour party. But unfortunately at that time, the Labour Party was under very serious media hype and… Read more »
January 17, 2023
Nigeria: Nigerian Governors Invite Emefiele Over Naira Redesign, Cash Withdrawal Policy
The NGF said the discussion with Mr Emefiele on Thursday promises to foster participation and dialogue between various stakeholders including governments and civil society… Read more »
Nigeria: Three Nigerians Wealthier Than 83 Million Others - Oxfam
The richest 0.003 per cent of Nigerians have 1.4 times more wealth than 107 million other Nigerians, Oxfam said. Read more »
January 16, 2023
Nigeria: Confusion As CBN Governor Emefiele Resumes Duty
Reports claimed Monday afternoon that operatives of the State Security Service (SSS) invaded the headquarters of the CBN and took over the office of the embattled governor. Read more »
Nigeria: Nigeria's Inflation Falls for First Time in 11 Months
The NBS report said that food inflation dropped to 23.75 per cent in December. Read more »
Nigeria: Events That Shaped Nigeria's Aviation Sector in 2022
Due to certain challenges, some airlines were forced to limit their operations in the country Read more »
Nigeria: Oando Issues Update On Release of Audited Financial Statements
The company's unaudited earnings reports for Q1 to Q4 have been scheduled for release on 30 June Read more »
Nigeria: Fuel Subsidy Removal Will Improve Nigeria's Revenues By At Least N6 Trillion - CPPE
The CPPE said the exchange rate assumption in the budget should be immediately reviewed Read more »
Nigeria: New Naira Notes and CBN's Policy Snafu
PREMIUM TIMES believes that no one has worked harder to debase the Central Bank of Nigeria than its current governor. Read more »