CBN Governor Emefiele Appeals against Summon in $53m
He submitted that the trial judge erred in law and occasioned a miscarriage of justice.
CBN Insists No Going Back on January 31 Deadline for Phasing Out Old Naira Notes
It mantains there are enough new notes to go round and urged citizens to report banks dispensing old notes via ATMs.
Nigeria Awards N2.2bn Contract For Local Assemblage Of Magnus Training Aircraft
Two of such aircraft will be ready before May.
Lufthansa Submits Fresh Bid For Italy’s ITA Airways
Lufthansa’s proposal would see the carrier initially take a minority stake in state-owned ITA
Microsoft Says It Will Axe 10,000 Employees Over Poor Economy
The cuts were “in response to macroeconomic conditions and changing customer priorities
Cash Withdrawal Limit: Banks Suspend Transactions Via Naira Credit, Prepaid Cards
Banks have informed customers through text messages that these channels can no longer be used to access cash for the time being.
Nigeria Considering Gradual Removal of Petrol Subsidy from April
She said she didn’t feel ‘betrayed’ by President Buhari’s refusal to remove subsidy payments, having stuck out her neck on the issue for years without much success.
UK Electric Car Battery Firm Collapses
“The company has entered into administration,” EY said in a statement.
Increased Spending, Energy, Production Costs Drive Inflation to 21.34%
It’s highest in Bauchi, Kogi and Anambra among others.
Nigeria Says Seven Deep Offshore Mini-Bid Winners to Be Announced in Next Four Months
It dismissed fears of political interference with Wood Mackenzie to oversee process.
FCCPC: How Generator Importers Engage in Price Fixing, Shortchange Government in Duty Payment
It says the BOFIA Act limits the commission’s power to deal with bank customers’ complaints.
NNPC CEO Kyari Foresees Sustained Rise in Oil Demand with Economic Growth in Africa, Reopening in China
He said Nigeria is planning an output hike to feed revamped refineries.
CBN Tightens Noose on Money Launderers, Terrorism Financiers
The apex bank issued guidelines on beneficial ownership.
With Many Nigerians Paying N250-N400 for Petrol, Marketers, Economists, Private Sector Insist on Full Deregulation
Most filling stations across the country sell far above the regulated price, despite the huge resources spent on subsidy.Hide original message
In Dialogue with Economic Summit Group, Tinubu Says Nothing Wrong with Endless Budget Deficits
“All governments, especially in this era of fiat currency, run on budget deficits. This is an inherent part of modern governance.”
NNPC Set for Drilling of First Oil Well in Nasarawa State
The announcement comes two months after the inauguration of the Kolmani oil well which straddles Gombe and Bauchi states.
Tesla Slashes Vehicle Prices Up To 20% in US, Europe
It’s no secret that demand for Tesla is starting to see some cracks in this global slowdown for 2023
CBN Intensifies Nationwide Awareness on Redesigned Naira
It is sensitising Onitsha traders, Kano grain marketers and others on security features of new notes.
Stocks Rise as US Inflation Falls
“We’re clearly moving in the right direction,” President Joe Biden told reporters.
US Annual Inflation Falls to Slowest Pace in Over a Year
American households struggled with decades-high inflation over the last year,
