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Govt of Bauchi pledges N10 million to Muda Lawal market fire victims, promises to rebuild shops
The recent fire incident that gutted some shops at the popular Muda Lawal Market in Bauchi, Nigeria, brought some relief to the victims of the incident. The State Governor of Bauchi, Bala Mohammed, donated N10 million to them with the…
States Plan Contempt Proceedings Against Malami, Emefiele
Some state governments are planning to initiate contempt proceedings against the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, and Governor of the Central Bank of Nigeria, Godwin Emefiele, over…
NITDA engages multinational stakeholders to boost digital economy
On Tuesday, the National Information Technology Development Agency (NITDA) urged international stakeholders to work together to advance Nigeria's digital economy.
The request was made at the Lagos 2023 NITDA/FIRS Stakeholders Engagements…
As crises slow transactions, banks urged to strengthen e-payment channels
The USSD codes *966#, *894#, *737#, #*919#, and *711# continue to be difficult for Nigerians.
Financial institutions have been told to improve their e-payment platforms because more Nigerians are turning to electronic payment methods as a…
Coming soon is database for crude oil transportation tariff
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has unveiled plans to gather accurate and trustworthy information necessary to choose the best tariff methodology for the country's bulk storage and…
Top CBN officials will discuss the naira crisis on Monday
The management team of the Central Bank of Nigeria will meet on Monday to discuss the crisis that the naira redesign program has caused and to develop solutions for the severe cash shortage that has almost brought the nation to a…
We Don’t Have Capacity To Print New Notes – Emefiele
Amidst the cash crisis bedevilling the country and the expectations of Nigerians that President Muhammadu Buhari would resolve the matter in seven days as promised, the governor of the Central Bank of Nigeria (CBN) has said the apex bank…
Council of state asks Buhari to direct CBN to print more new naira notes or allow circulation of old…
way of ensuring adequate provision being made with regard to the supply of the naira in the system.’’
Speaking on the outcome of the meeting, Governor Ishaku stated that it proffered a number of suggestions to the President,…
Breaking: Ganduje, Akeredolu sue Buhari, CBN to court over Cash Withdrawal limits
In response to the directive issued by the Central Bank of Nigeria restricting daily cash withdrawals from banks, the Ondo State Government filed a lawsuit against the Federal Government before the Supreme Court of Nigeria, Abuja.
Ondo…
Naira scarcity: Instant payments hit N38 trillion in January
Due to the Naira shortage brought on by the Central Bank of Nigeria's redesigned naira and cash withdrawal policy, instant electronic payment reached N38.77 trillion in January 2023, up 45.52 percent from N26.65 trillion in January 2022.…