Business

Foremost digital services company, Globacom, on Wednesday, February 1, 2023 presented another set of prizes to winners in the commercial city of Onitsha, Anambra State in the on-going Festival of Joy promo. The venue of the presentation ceremony, Conoil Gloworld, Onitsha Bridgehead was filled to the brim with family members …

Residents of border communities in states including Sokoto, Zamfara, Katsina, Adamawa and Kwara have opted for the CFA franc following the scarcity of the new naira notes across the country. The residents, including traders and commercial drivers, are also rejecting the old naira notes, insisting that customers who do not …

A financial expert has estimated that infrastructural projects in the country would suffer as Nigeria’s debt stock surged in the Third Quarter of 2022. Newsextra24 reports that Nigeria’s debt profile rose to N44.06 trillion in Q3, according to the latest data released by the National Bureau of Statistics. In a chat …

Nigeria’s public debt stock increased from N42.84 trillion (103.31 billion dollars) in the second quarter of 2022 to N44.06 trillion (101.91 billion dollars) in the third quarter of 2022. The National Bureau of Statistics, NBS, said this on Tuesday in its Nigerian Domestic and Foreign Debt Report for Q3 2022 …

The Central Bank Of Nigeria, (CBN) has directed all commercial banks to pay customers over the counter in N100, N50, N20, N10, and N5 notes, regardless of the amount withdrawn. Naija News reports that Bankers Committee issued the directives to all commercial banks in the country on Monday, and also announced …

Economic experts have reacted to the arrest of members of syndicates intercepted selling the new naira notes amid the suffering experienced by Nigerians over the currency’s scarcity nationwide. On Monday, Nigeria’s Secret Security, DSS, the Economic and Financial Crime Commission, EFCC, said they busted syndicates trading the banknotes in exchange for profit …

OPERATORS of Point of Sales (POS) system in Zamfara State have resorted to the collection of 10 per cent of withdrawals in new naira notes following the scarcity of the redesigned denominations of the currency. Aisha Magaji, a bank customer who vented her frustration said: “I paid the sum of …

The federal government has extended the deadline for the registration of Digital Money lenders, DMLs. This is contained in a statement on Friday by the Federal Competition and Consumer Protection Commission, FCCPC, Executive Vice Chairman/Chief Executive Officer, Babatunde Irukera. The commission stated that the announcement comes after several DMLs failed …

The Federal Inland Revenue Service as we know it is the federal government agency charged with mobilizing revenues through tax collections across the length and breadth of Nigeria for the development of the country. At a time when the country is witnessing a significant reduction in oil revenues (Nigeria’s major …

Mixed reactions have continued to trail the Central Bank of Nigeria’s decision to increase the Monetary Policy Rate (MPR) benchmark, also known as the interest rate, from 16.6 per cent to 17.5 per cent to tackle inflation. Recall that the Governor of CBN, Godwin Emefiele, in a communique on Tuesday, …