THE Central Bank of Nigeria (CBN) has reiterated that the deadline for exchange of the old Naira notes for new ones remains January 31, 2023. In its official twitter handle @cenbank, on Friday, the apex bank wrote, “The current series of N200, N500 and N1,000 notes remain legal tender until ...
Lagos State Government has said the proposed construction of the Fourth Mainland Bridge project is scheduled to be completed within four years. Meanwhile, the official kick-off for the construction of the project will be done by Lagos State Governor, Bababjide Sanwo-Olu, in the first quarter of 2023. The state government, ...
Wema Bank Plc. has announced the retirement of its Managing Director/CEO, Ademola Adebise. He will be proceeding on terminal leave from January 2nd, 2023, after over 13 years of meritorious service on the Board of the Bank. He will be succeeded by Moruf Oseni, currently the Deputy Managing Director. The ...
The house of representatives committee on national security and intelligence has commended the Department of State Services (DSS) for “effective” intelligence service. Sha’aban Sharada, chairman of the committee, spoke on Tuesday when he led members of the committee to an oversight function at the DSS headquarters, in Abuja. The lawmaker ...
With Nigeria said to have the largest number of people without access to electricity in the world, the Federal Government through the Rural Electrification Agency, REA, has stepped up effort to boost power supply to rural communities across the country with $550 million loans provided by the World Bank and ...
The International Monetary Fund (IMF) has asked the Central Bank of Nigeria (CBN) to step back and allow commercial banks to determine dollar buy-sale rates to boost foreign capital flows to the economy. IMF said this in its 2022 Article IV Consultation concluding statement after an official staff visit to ...
The United States government has returned another $20 million to Nigeria as part of the loot traced to Sani Abacha, former Nigerian military leader and his co-conspirators. In August, the US government signed an agreement with the federal government to repatriate $23 million tagged ‘Abacha-5’. In a statement on Thursday, ...
The Independent National Electoral Commission INEC has denied authoring a statement on allegations of drug trafficking made against the ruling All Progressives Congress APC Presidential Candidate, Asiwaju Bola Tinubu. Chief Press Secretary to the INEC Chairman, Mr Rotimi Oyekanmi told our Correspondent that the statement was fake. The said statement ...
Barely two weeks after the announcement of plans by the Central Bank of Nigeria (CBN) to redesign some naira notes, about N52 billion cash has been deposited. There were indications that the deposit sum may increase in the next few days because it is suspected that about N3 trillion cash ...
Group Managing Director of the NNPC Limited, Mele Kyari, said as a result of the several ongoing reforms in the oil and gas sector leading to the discovery of several sources of crude oil theft, he has been receiving death threats from unknown persons. Kyari spoke just as the Chairman ...
