Business
BREAKING: CBN Governor Emefiele Give in, says old naira notes valid till Dec 31
Isa Abdulmumin, the CBN spokesperson, announced the development in a statement on Monday. “In compliance with the established tradition of obedience to court...
Buhari – I didn’t tell Malami, Emefiele to disobey Court Order
The President of the federal republic of Nigeria, General Muhammadu Buhari said it was not in his character to ask his aides to...
Silicon Valley Bank UK Subsidiary Acquired By HSBC
Hong Kong and Shanghai Banking Company Limited (HSBC) has bought Silicon Valley Bank’s UK operations, preventing a spread of the problem to its...
Oil Marketers Reject Old Naira Notes Despite CBN Directive.
Notwithstanding assertions that The Central Bank of Nigeria had approved the bills for the transaction, oil marketers claimed on Monday that they were...
Emefiele Instructs Bank CEOs To Start Accepting and Disbursing Old Naira Notes
The Chief Executive Officers of Deposit Money Banks (DMBs) have been instructed by Godwin Emefiele, the Governor of the Central Bank of Nigeria...
Nigeria’s raw material imports soar to N2.4tn – NBS.
Data compiled from the National Bureau of Statistics’ Foreign Trade Statistics show that in 2022, Nigeria spent at least N2.4 trillion on the...
Air Peace to Acquire 787 Dreamliner from Boeing ahead of Mumbai route launch.
Air Peace’s CEO, Allen Onyema, has revealed that the airline is in talks with Boeing about possibly buying a B787 Dreamliner. “We have...
Private sector can now sue Agencies over bottlenecks, bureaucracy – PEBEC
On Thursday, the Presidential Enabling Business Environment Council (PEBEC) urged individuals and organizations in the private sector to formally demand efficiency and openness...
Shell Nigeria suffers 25% drop in annual oil production
Energy behemoth Shell has reported a 25% decrease in crude oil production in Nigeria last year as it battled theft and security difficulties....
National Bureau of Statistics: Nigeria’s total trade for Q4 2022 stood at N11.722 billion.
The National Bureau of Statistics (NBS) says Nigeria’s total merchandise trade stood at N11.722 billion in the fourth quarter of 2022. This is...