NAHCO ends strike

25 Jan 2023

Workers of the Nigerian Aviation Handling Company Plc (NAHCO), have called off the industrial strike they embarked upon in the early hours of Monday. This follows a communique signed by management of the company, unions’ representatives and regulatory agencies, in which it was resolved that the workers call off the action and resume work immediately. […]

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NYSC plans to use E-Naira for corps members

24 Jan 2023

The National Youth Service Corps, or NYSC, is planning to incorporate the E-Naira into the scheme. The NYSC will work with the Central Bank of Nigeria, CBN, to make internet money available to corps members.  The platform would allow the scheme to accept payments with no risk.  Habib Yusuf, CBN Deputy Director, Information Technology, announced […]

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JAMB registers 92,490 candidates for 2023 Examination

24 Jan 2023

Joint Admissions and Matriculation Board (JAMB) says it has registered 92, 490 candidates to sit for the 2023 Unified Tertiary Matriculation Examination (UTME). JAMB said that 67, 328 candidates had so far registered to sit for its mock examination. The board made this known in its Weekly Bulletin from the Office of the Registrar on […]

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CBN appeals to Akwa Ibom residents to return old currencies

23 Jan 2023

THE Central Bank of Nigeria, CBN, has made further appealed to Akwa Ibom state residents to return the old notes of N1000, N500, and N200 to the banks before January 31, 2023 when they would be phased out of circulation completely. The Deputy director of CBN, Mr. Dominic Ekanemesang, made the appeal on Sunday when […]

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CBN introduce their own debit card

22 Jan 2023

The apex bank of Nigeria, CBN has introduced a national domestic card scheme to facilitate financial inclusion and grow Nigeria’s payment system which would take effect from January 16, 2023. No information has been provided regarding the procurement cost and operational charges, however, Nigerians as of Monday, January 16, will start receiving a new electronic […]

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NNPC increases fuel price to N194/litre

22 Jan 2023

The Nigerian National Petroleum Company (NNPC) Limited yesterday increased the pump price of Premium Motor Spirit (PMS) at its filling stations to N194 per litre from N179 per litre. This came after weeks of petrol scarcity resurfaced across the country as long fuel queues erupted at many filling stations. Though no official notice was seen, […]

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Naira redesign: CBN announces cash swap across 774 LGAs

21 Jan 2023

The Central of Nigeria, CBN, has initiated a cash-swap programme across the 774 local government areas of the country as part of its implementation of the Naira redesign policy . The initiative between CBN, Deposits Money Banks, DMBs, and Super Agents would commence on January 23 2023, to exchange the new naira notes with old […]

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New naira notes: Governors set up committee to work with CBN

21 Jan 2023

The Nigerian Governor’s Forum (NGF) has set up a six-member committee to engage the Central Bank of Nigeria (CBN) to address anomalies in the country’s monetary management and financial system. The forum disclosed this in a communique issued on Saturday at the end of its virtual meeting held with the CBN Governor, Mr Godwin Emefiele, […]

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Banks are stockpiling new Naira notes ahead of the elections next month – Shehu Sani

21 Jan 2023

Senator Shehu Sani, a former lawmaker, has claimed that banks are stockpiling redesigned Naira notes for politicians in the February elections. The scarcity of new notes has sparked outrage across the country, as banks continue to accept old notes despite the approaching deadline. The Central Bank of Nigeria, which had previously directed that the old […]

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