No plan to replace Naira notes – CBN

The Central Bank of Nigeria (CBN) has disowned reports that it was planning  to replace the Naira notes in circulation with digital currency, the eNaira. The Director,  Corporate Communications Department…

CBN urge traders to embrace e-Naira policy

Following impending mobe by Central Bank of Nigeria to withdraw paper currency out of circulation, the country’s number one financial institutions has advised trader to sign into the e-Naira. The…

ActionAid raises alarm over high coast of flour and fertilizer

By David Kabiyesi A group known as ActionAid has once again raised alarm of over high cost of basic commodities in the country, expressing fears that tougher days awaits Nigerians.…

Naira depreciates at official exchange; closes at N416.67 per dollar

The exchange rate at the Investors and Exporters window depreciated by a marginal 0.04% after trading closed at N416.67/$1 on Thursday compared to N416.50/$1 recorded on Wednesday The open indicative…

Dangote ranked 79th richest man alive, unseats 4 Russian billionaires

By David Kabiyesi Africa’s wealthiest man alive, Aliko Dangote is now the 79th richest man alive after he raked in over N380 billion in 3 months of 2022.According to Bloomberg…

Naira falls at official, parallel markets

The value of the naira depreciated against the dollar at both the Investors and Exporters (I&E) window and parallel market on Monday. Iwitnesslive gathered that the exchange rate at the…

Ban on dollar sale to BDCs makes naira’s value useless- ABCON

The Association of Bureaux De Change Operators of Nigeria (ABCON) has said the continuous ban on the sale of dollar to its members by the Central Bank of Nigeria has…

CBN retains MPR at 11.5%

The Central Bank of Nigeria’s Monetary Policy Committee has left the Monetary Policy Rate (MPR) unchanged at 11.5%. The CBN Governor Godwin Emefiele made the announcement while addressing journalists on…

Oil prices rise to $110 as EU mulls Russia sanction

At the start of the new week, oil prices have risen, with Brent crude above $110 a barrel, as European Union nations consider joining the United States in a Russian…

Governors look to tackle epileptic power supply

The meeting of the Nigeria Governors’ Forum has been scheduled to hold next week Wednesday and the current poor power distribution and regular national gri collapse is expected to dominate…