Economy

President Muhammadu Buhari is reportedly considering extending the validity of old naira notes by 60 days. According to a report of The Cable on Wednesday, February 15, 2023, this is to avoid disobeying the order of the Supreme Court of…
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Kano State government has warned that it would not hesitate to revoke operational licenses of major business owners or sanction anyone who refuses to accept the old naira notes as a means of transaction. However, the Central Bank of…
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The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that there was no need to shift the February 10, 2023 deadline. He said this during a visit on Tuesday to the Ministry of Foreign Affairs, to discuss the monetary and…
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The past few weeks have been a challenging one for Nigerians especially our SME’s, poor and vulnerable masses and those whose very survival depend on daily cash transactions. They have felt the brunt of the combined problems of scarcity of…
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As part of efforts to cushion the effects of fuel and Naira scarcity, Ogun State Government has concluded arrangements to distribute 400,000 food items to the vulnerable residents of the state. The State Governor, Prince Dapo Abiodun who…
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As part of efforts to reduce crises caused by the scarcity of fuel and cash, oyo state police command has met with critical stakeholders to find a lasting solution to the menace. The security summit held at the police headquarters,…
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Ogun State Governor, Prince Dapo Abiodun, has paid a visit to Gabriel Michael, who was hit by a stray bullet during the protest on cash scarcity which rocked Abeokuta, the state capital on Tuesday. Speaking with newsmen at the Federal…
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Some traders in Dugbe and Aleshinloye markets in Ibadan now lament over the low patronage and difficulty in dealing with their customers in recent time Traders who deal in clothing materials food stuffs, fruits and other consumables said…
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The Supreme Court, Wednesday, restrained the Federal Government from enforcing the February 10 deadline for the use of N200, N500 and N1000 old Naira notes. The apex court, in a unanimous decision by a seven-member panel, halted the full…
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The Group Chief Executive Officer, Nigerian National Petroleum Corporation Limited, Mele Kyari, has assured Nigerians that the lingering fuel scarcity will ease off next week. Kyari said this in a video clip shown on Channels Television…
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