Business

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to allow only the old N200 remain legal tender until April 10, 2023, in order to improve currency circulation in the country. The President, in a State of the Nation address on Thursday, said the extension of the validity …

According to the report, the decline underscores the persistent challenges and waning confidence of manufacturers in the economy in the fourth quarter of 2022. The Manufacturers CEO’s Confidence Index (MCCI) for the fourth quarter of 2022 has dropped to 55.0 points from the 55.4 points recorded in the third quarter …

The Supreme Court on Wednesday affirmed that its order which temporarily barred the Federal Government and the Central Bank of Nigeria (CBN) from enforcing its February 10 deadline for the swapping of the old naira notes with the newly redesigned naira notes is still valid. The apex court maintained its …

A member of President Muhammadu Buhari’s Economic Advisory Council, Bismarck Rewane, has projected that Nigeria will suffer a total Gross Domestic Product (GDP) loss of $18 million per month due to the negative effects of the Naira redesign policy of the Central Bank of Nigeria (CBN). Rewane, who is also …