Abubakar Malami, attorney-general of the federation (AGF), on Thursday said President Muhammadu Buhari has not acted in breach of the Supreme Court’s injunction preventing the federal government from imposing a deadline on the use of old naira notes. Malami stated this while speaking at the 67th ministerial press briefing at …
Read More »Naira may fall to N900/$ from demand pressure – Report
Andersen, an independent tax and business advisory firm has said that the parallel rate of the naira may fall to N900 in 2023 from demand pressure if mitigating measures are not taken. The firm that has a worldwide presence through the member firms and collaborating firms of Andersen Global disclosed …
Read More »Woman Sets Self Ablaze Over N70,000 ‘LAPO’ Loan
Tragedy struck in Abeokuta, on Saturday, as a middle-aged woman, known in her neighbourhood as Mama Dada, set herself on fire in her rented apartment. The woman’s remains were burnt beyond recognition and the entire building was also razed. The incident happened at Oke-Keesi, Itoko area of Abeokuta. According to …
Read More »Banks will remain open if safety is guaranteed, says Bankers Institute
The Chartered Institute of Bankers of Nigeria (CIBN) says it is working with the body of banks chief executive officers (CEOs) to address the security challenges caused by the ongoing naira scarcity. Yesterday, bank workers union directed members to stay away from work in any state where their branches are …
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