Join us in honoring the remarkable life and enduring legacy of Nze Donald Ogbonna Nwosu. Known for his impactful contributions and unwavering dedication to his community, Nze Donald’s life was filled with service, wisdom, and love. His legacy continues to inspire generations, leaving a lasting impression on all who knew him. Let us remember and…
At the recent BRICS summit, African leaders united to advocate for systemic reforms that address pressing economic and social challenges across the continent. Emphasizing the need for equitable representation and resource allocation, they urged BRICS member nations to implement policies that foster inclusive growth and development. The leaders highlighted critical issues such as trade barriers,…
In an interconnected world where influence knows no boundaries, a quintet of remarkable Africans has ascended to the forefront, steering some of the most influential and transformative organizations across the globe. Their journeys have been etched with unwavering excellence, propelling them to the pinnacle of their respective careers. It is vital to recognize that these…
Hope Dashed as Supreme Court Adjourns Suit on Old Naira Notes The Supreme Court of Nigeria has adjourned the hearing of the suit filed by governors challenging the naira redesign policy of the Central Bank of Nigeria (CBN) to Wednesday, February 22. The CBN had initially set January 31 as the deadline for old notes…
Supreme Court Halts Banning Of Old Naira Notes The process by the federal government to place ban on the use of the old Naira notes has been suspended by The Supreme Court in Abuja on Wednesday. It can be recalled that the federal government had released the ban on the use of the old money…
United Kingdom Govt Cuts Tariff on Nigerian Exports The UK government said it had cut tariffs and extended duty free trade in goods exported from Nigeria. Mr Ben Llewellyn-Jones, Deputy British High Commissioner to Nigeria said this at the launch of the Developing Countries Trading Scheme (DCTS) which took place at Eko Hotel and Suites,…
Senate Ask CBN To Extend Deadline Till May 31 Yesterday, the Senate requested that the Central Bank of Nigeria, CBN, change the January 31 deadline for the exchange of obsolete naira notes to the May 31 deadline. Additionally, the Senate has encouraged the CBN to establish an exchange window where those without bank accounts can…
New Naira: CBN Launches Cash Swap Program For Rural Areas The Central Bank of Nigeria (CBN) announced a cash swap program in collaboration with Super Agents & Deposit Money Banks (DMBs) with about ten days left before the old naira notes expire, allowing those in rural areas or with limited access to formal financial services…
New Naira: Customers And Banks Urge CBN To Change The Deadline To January 31 As bankers and clients lobby for the extension, the Central Bank of Nigeria may come under pressure to extend the date for the old naira notes to stop being accepted as legal cash. Banks continue to give the old notes to…
CBN Orders Banks to Stop Over-the-Counter Withdrawals of New Naira Notes The Central Bank of Nigeria, CBN, has instructed banks not to allow customers to make over-the-counter withdrawals of new naira notes. Instead, the banks have been directed to use Automated Teller Machines to distribute the new notes across the country before the deadline of…