Custodians of Truth
In a landmark ruling on Friday, the Supreme Court ordered that old N200, N500, and N1,000 notes will remain in circulation until December 31, 2023. The apex court also nullified the Federal Government’s naira redesign policy, declaring it an affront […]
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to release old N200 notes back into circulation to co-exist with new N200, N500, and N1,000 banknotes for 60 days. This move comes after the President apologized to Nigerians […]
The Central Bank of Nigeria’s (CBN) naira swap policy has caused a predicted drop in the country’s gross domestic product (GDP) in Q1 2023. Bismarck Rewane, CEO of Financial Derivatives Company Limited, shared his insights on the policy’s effects during […]
All members of the G20 group of economic power have agreed to restructure Ghana’s debt and are ready to begin the process of forming a creditor committee. According to a representative from the Paris Club, there is a commitment by […]
The Federation Account Allocation Committee (FAAC) has shared a total sum of N990.189 billion to the three tiers of government as Federation Allocation for the month of December 2022. The breakdown of the allocation includes the Federal Government receiving N375.306 […]
While forex is scarce, naira has also been trading in recent time at weak rates both at the official and parallel market. As recorded by NAFEX, in the past six months, naira exchanges with the U.S dollar have been in […]
After the aftermath of the Central Bank of Nigeria (CBN) guidelines on the resolution of customers’ complaints, a total of 9 banks have refunded a total of N36.12 billion to their customers between 2020 and 2021. The 9 banks namely are; Zenith Bank Plc, Access […]
Elon Musk says 3 issues need to be resolved before his Twitter buyout can go ahead Musk says there are three main hindrances to overcome before he can complete his purchase of Twitter. Musk who is seeking to buy Twitter for […]
Shareholders of some quoted companies who are yet to submit their 2022 financial year results and accounts on the Nigerian Exchange Limited (NGX) have been called upon to do so. Although some of these companies have informed the management of […]
The Nigerian stocks ended up the week with depreciation worth N749.8 billion on Friday as the main equity index relieve at 1.21%, which was triggered by a sell-off in bank shares. It was a difficult week for bank stocks in […]