Nigeria made $250 million from cashew nut exports in 2022; $500 million is the goal – FG
According to the Nigerian government, cashew nut exports earned $250 million in revenue for the nation in 2022, and $500...
Business
BREAKING: Redesigned Notes: Senate directs CBN to extend mop up by 6 months
The Central Bank of Nigeria, CBN, was encouraged by the Nigerian Senate on Tuesday to continue collecting obsolete Naira notes...
Reps fume over scarcity of new Naira notes, summon banks’ CEOs
Following news of a shortfall of the new Naira notes in circulation, the House of Representatives decided to meet tomorrow...
Lagos and Abuja PoS operators are not included as CBN’s list five banks for cash swap program
About five money deposit banks have been selected by the Central Bank of Nigeria (CBN) to take part in its...
Despite SIM-NIN Restrictions, Mobile Subscriptions Hit 222 million – Report
Despite the Federal Government's National Identification Number-Subscriber Identity Module policy being in place, Nigeria had 222.23 million mobile subscriptions in...
94 companies are authorized by the FG to lend digital currency in Nigeria
94 businesses have received approval from the Federal Competition and Consumer Protection Commission (FCCPC) to operate as digital money lenders...
CBN to sanction banks hoarding new naira notes
The Central Bank of Nigeria has threatened to penalize any commercial bank discovered keeping extra new naira notes on hand,...
As bank transactions using naira cards are suspended, Netflix loses 39,451 users
Netflix, an online streaming service, reported losing 39,451 members in 40 days as a result of Nigerian commercial banks' suspension...
FAAC Shares N990.18bn Dec 2022 Revenue To FG, States, LGs
The Federal, States, and Local Government Councils have received a total of N990.189 billion in December 2022 revenue from the...
President Buhari intends to exceed Nigeria 40% debt-GDP benchmark
If President Muhammadu Buhari is successful in persuading the Nigerian Senate to convert an overdue N22.7 trillion ($50 billion) overdraft...
