According to the Bayelsa State Emergency Management Agency (BYSEMA), the flood has had the greatest impact on the state of Bayelsa, where …
Economic
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EconomicNews
Adeboye knocks FG over naira redesign, decries deprecation
by Salami Azeezby Salami AzeezPastor Enoch Adeboye, the General Overseer of the Redeemed Christian Church Of God, has knocked the Federal Government over its decision to …
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EconomicFeaturedNews
2022 budget: Kaduna Govt spends N181.6bn in 9 months
by Salami Azeezby Salami AzeezBetween January and September, the Kaduna State Government spent N181.6 billion, or 64% of the N279.6 billion total budget that was amended …
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BankingEconomicNews
Dollar to Naira exchange rate may hit N1,000/$1 soon – Traders
by Salami Azeezby Salami AzeezThe exchange rate between the naira and dollar on the black market is expected to hit N1000/$1 by the end of the year. …
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BankingEconomicNews
President Buhari backs Emefiele over naira re-design
by Salami Azeezby Salami AzeezPresident Muhammadu Buhari stated yesterday that the CBN has his backing for the project, despite controversy surrounding the Finance Minister’s, Mrs. Zainab …
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BankingBusinessEconomicNews
UBA opens Saturdays for naira notes deposit
by Salami Azeezby Salami AzeezThe United Bank for Africa (UBA) has opted to open on Saturdays to enable customers to deposit their existing naira notes pending …
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BankingEconomicNews
CBN says it will release new banknotes in December
by Salami Azeezby Salami AzeezStarting December 15, Nigerians will be using newly-designed 100, 200, 500 and 1,000-naira banknotes, the governor of the Central Bank of Nigeria …
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BankingEconomic
Finance minister counters CBN, says policy will further devalue currency
by Salami Azeezby Salami AzeezThe plans of the Central Bank of Nigeria, CBN, to redesign the Naira commencing on December 15, 2022, have been disavowed by …
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Nigeria’s local currency is expected to decline even further during the course of the following year as its current exchange rate to …
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BusinessEconomicNews
Kogi assembly summons BUA over ‘failure to pay’ for 50,000-hectare land
by Salami Azeezby Salami AzeezThe Kogi house of assembly has summoned BUA Group, a cement manufacturing firm, over a 50,000-hectare land it acquired 10 years ago …