business

WITH five weeks gone into the period of transition from old to new Naira notes and just barely one week to the deadline for acceptance of the old notes as legal tender, the Central Bank of Nigeria, CBN, and the commercial banks appear to be…

The Federal Government yesterday served a notice to the three tiers of government that all payments from the public treasury beyond the threshold approved for daily cash limit by the Central Bank of Nigeria must be done electronically with…

The Central Bank of Nigeria, CBN, has raised its weekly cash withdrawal limits set for individuals and corporate organisations to N500,000 and N5 million, respectively. The earlier limits pegged individual cash withdrawals per week at…

The Federal Government, yesterday, said it was putting measures in place to stop excess cash withdrawals from federal, state and council accounts. The Director and Chief Executive Officer of Nigerian Financial Intelligence Unit (NFIU),…

Xiaomi, the consumer electronics and smart manufacturing company is allowing its numerous customers to enjoy the best Christmas season ever through loads of rewards such as refrigerators, Xiaomi luggage, Redmi Bud 3 earbuds plus one lucky 3…

Lagos State House of Assembly, yesterday, passed the state’s N1.768 trillion budget for 2023. The breakdown of the approved budget showed N748.096 billion as recurrent expenditure and N1.019 trillion as capital expenditure. The Speaker…

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the newly redesigned Naira notes are already in banks and ready for issuance. According to a statement in CBN’s official twitter handle, Emefiele said so in…

ABUJA-Central Bank of Nigeria, CBN, Governor, Mr. Godwin Emefiele, yesterday, said that the apex bank would consider tweaking the new weekly cash withdrawal limits of N100,000 and N500,000 for individuals and corporate bank customers.…

Senators, yesterday, expressed concerns over the new Central Bank of Nigeria (CBN) policy on cash withdrawal, which they observed might stifle economy. The Senate will, however, debate a motion on the new policy next week, where the…

The naira on Wednesday exchanged at 445.83 to the dollar at the Investors and Exporters window, a depreciation of 0.01 per cent, compared with the 445.80 it exchanged on Tuesday. The open indicative rate closed at N444.25 to the dollar…