Cashiers ration new notes, lenders allot N100,000 per teller in banks Suspicious customers snub new notes as local traders reject new currency Court declines to stop CBN withdrawal policy, Emefiele meets Reps Tuesday Mixed reactions greeted the disbursement of the new naira notes that officially went into circulation on Thursday with many bank customers demanding […]

Kaduna State Governor, Nasir El-Rufai, has disclosed that tackling fuel subsidy and foreign exchange challenges to reposition Nigeria’s economy to the right trajectory may cost Nigeria’s next president a second term. Despite this, the governor explained that the country needs such a leader that could rise beyond consideration of office and take painful but necessary […]

Abia women protesting against Nnamdi Kanu’s continued detention Some women in Aba, Abia State, took to the streets on Friday to protest the Federal Government’s refusal to comply with a court order to release the leader of the Indigenous Peoples of Biafra, Nnamdi Kanu. The Court of Appeal sitting in Abuja had discharged Kanu in […]

Supreme Court has dismissed the appeal filed by an energy production and distribution firm, NVT Power & Energy Ltd, against the judgment given in favour of eight communities in Rivers. Justice Kudirat Kekere-Ekun, in a ruling, ordered the dismissal of the appeal marked: SC/CV/849/2022 filed against the June 7 ruling of the Court of Appeal, […]

Seeks Congress’ permission to lend $21b to IMF for Africa U.S. commits to $55b spending in Africa U.S. President, Joe Biden, yesterday, said he would support African Union (AU) joining the G20 group of large economies as a permanent member. He said this is part of Washington’s efforts to reinvigorate ties with the region. He […]

The United Kingdom has projected that Nigeria and other African countries may for a very long time experience high food prices and food insecurity, saying issues with farm inputs, especially fertiliser and water, are going to be prolonged. The food crisis situation in Africa was attributed to the impact of COVID-19 pandemic the Russia-Ukraine war, […]

Inflation pushes eight million Nigerians into poverty in 2020, 2021 The World Bank says it will take northern states 40 years to catch up with their southern counterparts considering the “current growth rates”. The bank notes that low growth has deepened regional gaps with the mainstays of the northern economy – agriculture, solid minerals and […]

Pay out in old notes, complain of limited supply Emefiele writes Reps, defers appearance Lawmakers push summon to next Tuesday Ibadan residents yet to see new naira notes Banks in Kaduna, Kano limit payment to N2,000, N3,000 New banknotes began circulating as planned, yesterday. Supply across the country, however, was scanty or non-existent in some […]