CBN increases MPR to 16.5 percent while maintaining other conditions
The Monetary Policy Rate (MPR) of the nation was raised by 100 basis points to 16.5 percent from 15.5 percent on Tuesday by the Monetary Policy Committee (MPC) of the…
Naira redesign: All the information you require
According to President Muhammadu Buhari, his administration would not renege on the Central Bank of Nigeria’s (CBN) decision to redesign the country’s highest denomination notes, the N1,000, N500, and N200.…
Report: The Nigerian Naira is now one of the worst currencies in the world.
According to reports, the Sri Lankan Rupee and Ghana’s cedi are the two worst-performing currencies in the world, with the naira of Nigeria coming in third. It was discovered that…
Businesses commit to economic expansion and food security
Through their different initiatives, the Dangote Group, Sundry Food Limited, Access Bank Corporation, and United Bank for Africa (UBA) have committed to keep boosting the country’s economy and generating jobs.…
Despite transaction failures, the use of PoS will increase.
In order to accommodate new entrants into the digital banking industry, the deployment of point of sale (PoS) machines will increase in the upcoming months. Despite difficulties, a large number…
Dr. Nasir Aminu’s Ramblings on Redesigning the Naira
A currency note serves as guaranteed legal tender for the exchange of goods and services by each nation’s central bank. For sovereign governments, redesigning currency is a legitimate activity. It…
E-NAIRA: 12 THINGS TO KNOW ABOUT NIGERIA’S FIRST DIGITAL CURRENCY
Prior to the President, Muhammadu Buhari launch of Nigeria’s first digital currency, e-Naira at the State House on Monday, report listed 12 things to know about the digital currency. The…
BUHARI LAUNCHED THE COUNTRY’S DIGITAL CURRENCY, E-NAIRA
The President, Muhammadu Buhari, on Monday has launched the country’s digital currency, e-Naira, at the Presidential Villa, Abuja. The event had in attendance the Vice President, Yemi Osibanjo; Governor of…
SUPREME COURT TO DELIVER JUDGMENT ON APGA CANDIDACY AT 12 NOON
Supreme Court set to pronounce judgment, at 12 noon on Thursday, on a suit challenging the candidacy of Professor Charles Chukwuma Soludo as the governorship candidate of the All Progressive…
FG Faults World Bank Report On Power Consumption In Nigeria
As the Federal Government spends nothing less than $1.5b to meet the shortfall in the nation’s electricity sector, Special Adviser to the President on Infrastructure, Ahmad Rufai Zakari, Monday said…
