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Food Imports Rise 122%, Deficit Hits N4.9trn0
Food Imports Rise 122%, Deficit Hits N4.9trn Despite continuous government efforts to shore up food production in Nigeria through various intervention programmes, the country recorded foods trade deficit worth N4.92 trillion between 2018 and 2022. Available data shows that Nigeria is not growing enough food for the populace, leaving the country with no option but
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BREAKING: Supreme Court Orders Both Old, New Naira Notes to Circulate Till Dec 310
BREAKING: Supreme Court Orders Both Old, New Naira Notes to Circulate Till Dec 31 In a landmark ruling on Friday, the Supreme Court has directed the Central Bank of Nigeria to allow the old and new naira notes to circulate side by side until December 31, 2023. The court declared null and void all directives
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Cashless Policy: Supreme Court Consolidates States Suit Against FG0
Cashless Policy: Supreme Court Consolidates States Suit Against FG The Supreme Court has consolidated multiple lawsuits filed by 16 State Governments against the Federal Government over the mode of implementation of the newly introduced Cashless Policy regime. Led by Justice Inyang Okoro, a seven-man panel of Justices granted the request to consolidate the suits into
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Naira: MURIC Appeals to Buhari to Comply with Supreme Court’s Verdict0
Naira: MURIC Appeals to Buhari to Comply with Supreme Court’s Verdict By Alabidun Shuaib AbdulRahman The Muslim Rights Concern (MURIC) has called on President Muhammadu Buhari to intervene in the Central Bank of Nigeria’s (CBN) Naira redesign policy. In a statement issued in Lagos, the group’s Director, Prof. Ishaq Akintola, also urged the President to
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CBN Orders Banks to Collect Old N500, N1,000 Notes0
CBN Orders Banks to Collect Old N500, N1,000 Notes The Central Bank of Nigeria, CBN, has ordered commercial banks to start collecting the old N500 and N1,000 notes from the public immediately. It stated that the maximum amount customers can swap will be N500,000. The Director of Corporate Communications, Osita Nwanisobi, made this known today.
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Buhari Approves Reintroduction of Old N200 Note0
Buhari Approves Reintroduction of Old N200 Note President Muhammadu Buhari has approved the reintroduction of old N200 note as legal tender alongside the new N200 note until April 10. The president, who gave the approval in a nationwide broadcast on Thursday in Abuja, said the approval was necessitated by the need to cushion the hardship
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