Babajide Sanwo-Olu, governor of Lagos, says any business operating in the state that rejects old naira notes would be “heavily sanctioned”. BODEX BLOG earlier reported that...
The Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023. Isa Abdulmumin, CBN spokesperson, announced...
Chukwuma Soludo, Anambra governor, says the Central Bank of Nigeria (CBN) has directed commercial banks to pay out old and new naira notes to customers. In...
The Nigeria Security and Civil Defence Corps (NSCDC) says it will continue to arrest and prosecute those involved in the production and circulation of fake redesigned...
Some state governments are planning to initiate contempt proceedings against the federal government and the Central Bank of Nigeria (CBN) over their non-compliance with the supreme...
Oil prices rose on Friday to $82 a barrel amid fears of a global recession. Brent crude, the global oil benchmark, climbed 1.29 percent to $82.64...
Seplat Energy says Roger Brown, its chief executive officer (CEO), has stepped down from his position. In a statement on Friday, signed by Basil Omiyi, the...
The Central Bank of Nigeria (CBN) has issued operational guidelines for open banking in the country. This is contained in a circular dated March 7, 2023,...
Stanbic IBTC Bank says it will start deducting the sum of N50 as electronic money transfer levy (EMTL) on transfers into domiciliary accounts. The bank notified...
Some commercial banks in Lagos have started issuing the old naira notes to customers at their various automated teller machines (ATMs) terminals and over the counter....