Business

Following the directive of the Central Bank of Nigeria for the swapping of old naira notes to new notes, Nigerians have begun to lament the challenges involved in the process despite the extension to February 10, 2023. Checks by The PUNCH showed that the people are not only experiencing challenges…

Commercial banks will now pay customers over-the-counter in N100, N50, N20, N10, and N5 notes, regardless of the amount withdrawn. The Banker’s Committee issued the directive to all commercial banks in the country, as well as an announcement that the payment of old N1,000, N500, and N200 notes across the…

Nigerians, from all parts of the country, will enter this weekend agitated and confused over the currency redesign policy of the Central Bank of Nigeria (CBN). While banks remain open to receive old notes till Tuesday, January 31, scarcity of new naira notes and rejection of the old notes, beginning…

The governor of Nigeria’s central bank, Godwin Emefiele, is embroiled in a multi-million-dollar legal battle that has torn apart a once close family relationship. The legal tussle is separate from the troubles he faces over the handling of his job. Mr Emefiele recently sneaked out and back to the country…

The Senate on Tuesday again urged the Central Bank of Nigeria (CBN) to extend the use of old Naira notes till June 30, 2023. This followed a motion on naira redesign moved by Senator Sadiq Sulaiman (APC-Kwara North) on the floor. The Upper Chamber on December 28, 2022 advised the…

Globacom on Tuesday, January 17, 2023, presented prizes to another batchof winners in the ongoing Glo Festival of Joy promo at its Gloworld shopon Aba Road, Port Harcourt, Rivers State. The star prize of the day, a brand new car, was presented to 39-year-oldPort Harcourt-based Electrical Engineer, Ime Etukudo. Etukudo,…

The Department of State Services (DSS) has opened wide-ranging investigations into foreign exchange received and their subsequent allocation to customers by each deposit money bank in the country and the involvement of the Central Bank of Nigeria. The investigation comes at a time of increasing searchlight on the governor of…

The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, has resumed duty after his annual vacation abroad. Mr. Emefiele, who proceeded on leave in December 2022, resumed work today, Monday, January 16, 2023. Osita Nwanisobi,Director, Corporate Communications, CBN who disclosed this in a statement Monday, said further that, “The Governor…

Twenty four-year old Hussain Kehinde Garuba, on Friday emerged the latest landlord in Lagos as he received keys to his three-bedroomed house courtesy of Glo Festival of Joy promo. The graduate of Lagos State Polytechnic revealed that his aunt had prophesied that a good thing was on the way for…

The United Kingdom authorities, have dissolved Next International Limited (UK), a company that is largely owned by Peter Obi, a prominent Nigerian politician and presidential candidate of the Labour Party, for failing to submit its annual reports. According to PREMIUM TIMES, the company was removed from the record in September…