Category: Business
CBN Approves Only 17 Companies As POS Operators In Nigeria, Bars Commercial Banks
The Central Bank of Nigeria has released the names of licensed mobile money operators in Nigeria. The mobile money operators are empowered to operate PoS Services in the...
Cash Scarcity: End Of POS Terminals In Nigeria, CBN Bars Agents
The Central Bank of Nigeria (CBN) has barred agents from using Point of Sale (PoS) terminals meant for merchants to carry out cash-in and cash-out transactions. The...
Nigerians React As Inflation Rate Rises To 21.9%
Nigeria’s inflation rate has jumped high to 21.91%, representing a 0.09% point increase when compared to the 21.82% recorded in the previous month. This is according...
CBN Finally Bows, Approves Old Naira Notes Till Dec. 31st
The Central Bank Of Nigeria, CBN, on Monday night has finally bowed to Supreme Court Order to extend the deadline for N200, N500 and N1000 old naira notes till December...
Why Lagos Banks Will Be Sanctioned- Gov. Sanwo-Olu
Lagos State Governor, Babajide Sanwo-Olu, on Monday has vowed to sanction any commercial banks and business owners who refuse to accept the old naira notes in the state....
Finally, Presidency Speaks On Old/New Naira Notes Crisis
The Presidency on Monday has said that President Muhammadu Buhari did not instruct neither direct the Attorney General of the Federation, AGF, and Minister of Justice,...
JUST IN: CBN Opens Up Over Alleged Approval Of Old Naira Notes
The Central Bank of Nigeria has cleared the air on directing commercial banks to dispense and accept the deposit of old Naira notes amid the raging currency crisis. Dr...
Finally, CBN Speaks On Old Naira Notes (Read Full Story)
Following the new directive of Supreme Court, the Central Bank of Nigeria (CBN) spokesman, Isa Abdulmumin, has said that both the old and new naira notes are now legal...
No More Fuel Scarcity- NNPC Declares Fuel Sufficiency For Next 35 Days
The Nigerian National Petroleum Corporation (NNPC) Limited has declared that it has in stock about 1.2 billion litres of fuel which would ensure a robust supply of the...