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    Nigeria loses three million oil barrels monthly – FG

    Reps invite ministers, firms over $2.4bn oil sale

    Global banking stocks dip over Silicon Valley Bank collapse

    Stock market capitalisation declines by N622bn

    Stock investors record N13bn loss in one week

    Airfares soar as foreign airlines hike exchange rate

    Airfares soar as foreign airlines hike exchange rate

    Currency in circulation drops to N1.38tn – CBN

    Banks confirm receiving more cash, load ATMs

    Petrol may hit N800/litre on subsidy removal – Marketers

    Fossil fuels and role of technology in energy transition

    Workers draw battle line over lingering naira scarcity

    Workers draw battle line over lingering naira scarcity

    ainment Business Politics City Beats Opinion Sports About us Advert Rates Insurance penetration to decline as 9,000 agents battle licence renewal

    ainment Business Politics City Beats Opinion Sports About us Advert Rates Insurance penetration to decline as 9,000 agents battle licence renewal

    Banks not receiving new Naira notes

    Banks not receiving new Naira notes

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      Nigeria loses three million oil barrels monthly – FG

      Reps invite ministers, firms over $2.4bn oil sale

      Global banking stocks dip over Silicon Valley Bank collapse

      Stock market capitalisation declines by N622bn

      Stock investors record N13bn loss in one week

      Airfares soar as foreign airlines hike exchange rate

      Airfares soar as foreign airlines hike exchange rate

      Currency in circulation drops to N1.38tn – CBN

      Banks confirm receiving more cash, load ATMs

      Petrol may hit N800/litre on subsidy removal – Marketers

      Fossil fuels and role of technology in energy transition

      Workers draw battle line over lingering naira scarcity

      Workers draw battle line over lingering naira scarcity

      ainment Business Politics City Beats Opinion Sports About us Advert Rates Insurance penetration to decline as 9,000 agents battle licence renewal

      ainment Business Politics City Beats Opinion Sports About us Advert Rates Insurance penetration to decline as 9,000 agents battle licence renewal

      Banks not receiving new Naira notes

      Banks not receiving new Naira notes

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        Nigeria loses three million oil barrels monthly – FG

        Reps invite ministers, firms over $2.4bn oil sale

        Global banking stocks dip over Silicon Valley Bank collapse

        Stock market capitalisation declines by N622bn

        Stock investors record N13bn loss in one week

        Airfares soar as foreign airlines hike exchange rate

        Airfares soar as foreign airlines hike exchange rate

        Currency in circulation drops to N1.38tn – CBN

        Banks confirm receiving more cash, load ATMs

        Petrol may hit N800/litre on subsidy removal – Marketers

        Fossil fuels and role of technology in energy transition

        Workers draw battle line over lingering naira scarcity

        Workers draw battle line over lingering naira scarcity

        ainment Business Politics City Beats Opinion Sports About us Advert Rates Insurance penetration to decline as 9,000 agents battle licence renewal

        ainment Business Politics City Beats Opinion Sports About us Advert Rates Insurance penetration to decline as 9,000 agents battle licence renewal

        Banks not receiving new Naira notes

        Banks not receiving new Naira notes

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          Nigeria loses three million oil barrels monthly – FG

          Reps invite ministers, firms over $2.4bn oil sale

          Global banking stocks dip over Silicon Valley Bank collapse

          Stock market capitalisation declines by N622bn

          Stock investors record N13bn loss in one week

          Airfares soar as foreign airlines hike exchange rate

          Airfares soar as foreign airlines hike exchange rate

          Currency in circulation drops to N1.38tn – CBN

          Banks confirm receiving more cash, load ATMs

          Petrol may hit N800/litre on subsidy removal – Marketers

          Fossil fuels and role of technology in energy transition

          Workers draw battle line over lingering naira scarcity

          Workers draw battle line over lingering naira scarcity

          ainment Business Politics City Beats Opinion Sports About us Advert Rates Insurance penetration to decline as 9,000 agents battle licence renewal

          ainment Business Politics City Beats Opinion Sports About us Advert Rates Insurance penetration to decline as 9,000 agents battle licence renewal

          Banks not receiving new Naira notes

          Banks not receiving new Naira notes

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            Nigeria loses three million oil barrels monthly – FG

            Reps invite ministers, firms over $2.4bn oil sale

            Global banking stocks dip over Silicon Valley Bank collapse

            Stock market capitalisation declines by N622bn

            Stock investors record N13bn loss in one week

            Airfares soar as foreign airlines hike exchange rate

            Airfares soar as foreign airlines hike exchange rate

            Currency in circulation drops to N1.38tn – CBN

            Banks confirm receiving more cash, load ATMs

            Petrol may hit N800/litre on subsidy removal – Marketers

            Fossil fuels and role of technology in energy transition

            Workers draw battle line over lingering naira scarcity

            Workers draw battle line over lingering naira scarcity

            ainment Business Politics City Beats Opinion Sports About us Advert Rates Insurance penetration to decline as 9,000 agents battle licence renewal

            ainment Business Politics City Beats Opinion Sports About us Advert Rates Insurance penetration to decline as 9,000 agents battle licence renewal

            Banks not receiving new Naira notes

            Banks not receiving new Naira notes

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              Nigeria loses three million oil barrels monthly – FG

              Reps invite ministers, firms over $2.4bn oil sale

              Global banking stocks dip over Silicon Valley Bank collapse

              Stock market capitalisation declines by N622bn

              Stock investors record N13bn loss in one week

              Airfares soar as foreign airlines hike exchange rate

              Airfares soar as foreign airlines hike exchange rate

              Currency in circulation drops to N1.38tn – CBN

              Banks confirm receiving more cash, load ATMs

              Petrol may hit N800/litre on subsidy removal – Marketers

              Fossil fuels and role of technology in energy transition

              Workers draw battle line over lingering naira scarcity

              Workers draw battle line over lingering naira scarcity

              ainment Business Politics City Beats Opinion Sports About us Advert Rates Insurance penetration to decline as 9,000 agents battle licence renewal

              ainment Business Politics City Beats Opinion Sports About us Advert Rates Insurance penetration to decline as 9,000 agents battle licence renewal

              Banks not receiving new Naira notes

              Banks not receiving new Naira notes

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                Nigeria loses three million oil barrels monthly – FG

                Reps invite ministers, firms over $2.4bn oil sale

                Global banking stocks dip over Silicon Valley Bank collapse

                Stock market capitalisation declines by N622bn

                Stock investors record N13bn loss in one week

                Airfares soar as foreign airlines hike exchange rate

                Airfares soar as foreign airlines hike exchange rate

                Currency in circulation drops to N1.38tn – CBN

                Banks confirm receiving more cash, load ATMs

                Petrol may hit N800/litre on subsidy removal – Marketers

                Fossil fuels and role of technology in energy transition

                Workers draw battle line over lingering naira scarcity

                Workers draw battle line over lingering naira scarcity

                ainment Business Politics City Beats Opinion Sports About us Advert Rates Insurance penetration to decline as 9,000 agents battle licence renewal

                ainment Business Politics City Beats Opinion Sports About us Advert Rates Insurance penetration to decline as 9,000 agents battle licence renewal

                Banks not receiving new Naira notes

                Banks not receiving new Naira notes

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                  Nigeria loses three million oil barrels monthly – FG

                  Reps invite ministers, firms over $2.4bn oil sale

                  Global banking stocks dip over Silicon Valley Bank collapse

                  Stock market capitalisation declines by N622bn

                  Stock investors record N13bn loss in one week

                  Airfares soar as foreign airlines hike exchange rate

                  Airfares soar as foreign airlines hike exchange rate

                  Currency in circulation drops to N1.38tn – CBN

                  Banks confirm receiving more cash, load ATMs

                  Petrol may hit N800/litre on subsidy removal – Marketers

                  Fossil fuels and role of technology in energy transition

                  Workers draw battle line over lingering naira scarcity

                  Workers draw battle line over lingering naira scarcity

                  ainment Business Politics City Beats Opinion Sports About us Advert Rates Insurance penetration to decline as 9,000 agents battle licence renewal

                  ainment Business Politics City Beats Opinion Sports About us Advert Rates Insurance penetration to decline as 9,000 agents battle licence renewal

                  Banks not receiving new Naira notes

                  Banks not receiving new Naira notes

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                  Naira redesign: Buhari, CBN yet to respond to Supreme Court ruling three days after

                  Agusto & Co. | March 6, 2023
                  FULL TEXT: Buhari’s nationwide address to Nigerians on new naira
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                  Three days after, President Muhammadu Buhari and the Central Bank of Nigeria (CBN) are yet to respond to the Supreme Court ruling making the old naira notes legal tender until December 31, 2023.

                  The apex court gave the ruling on Friday, nullifying Federal Government’s decision to stop the old N500 and N1,000 notes from being legal tender, which took effect on February 10.

                  Nearly a month after the majority of the old notes were mopped out of circulation, the challenge of cash squeeze persists, as new notes have remained elusive.

                  Following widespread condemnation of the policy and its accompanying pains on Nigerians, President Buhari addressed Nigerians on February 16, directing that the old N200 be returned into circulation to alleviate the hardship faced by citizens.

                  However, on Friday, a seven-member Supreme Court panel nullified the policy, faulting the government’s handling of the process and declaring its methodology and implementation unconstitutional.

                  The Supreme Court ruled that though the President had the authority to act as the federation’s executive, he was still required to give the federating units adequate notice before implementing the new monetary policy through CBN.

                  The court said that before the old naira notes were withdrawn, the states had not received reasonable notice as required by section 20(3) of the CBN Act.

                  As a result, the Supreme Court ruled in its lead decision, read by Justice Emmanuel Agim, that Buhari’s authorization for the CBN to withdraw the old banknotes was illegal.

                  As of yesterday evening, the Presidency was yet to react to the ruling, despite issuing three press statements on other matters yesterday. Also, there is yet no word from the CBN in reaction to the ruling.

                  President Buhari, who is presently attending a United Nations (UN) conference on least developed countries in Qatar, had charged Chadian warlords and leaders of the various political factions in Chad to show restraint and patriotism by immersing themselves in the ongoing transition to democracy in the country.

                  He also charged the Flying Eagles to win the ongoing CAF U-20 Africa Cup of Nations (AFCON) in Egypt as Nigeria prepares to face The Gambia today in the semifinals of the competition. He had earlier also sympathized with the former First Lady, Maryam Abacha, and her entire family on the death of their son, Abdullahi.

                  Meanwhile, business operators, said they are anxious to hear from President Buhari or the CBN over the validity of the old notes, noting that it was risky to accept the notes until there is a directive from either the Presidency or CBN.

                  They said their decision was borne out of the controversy that followed a similar Supreme Court pronouncement that was not adhered to.

                  In a survey conducted by the News Agency of Nigeria (NAN) in the Federal Capital Territory (FCT), a taxi driver, Abubakar Umar, said he was hopeful that President Buhari or the CBN Governor, Godwin Emefiele, would speak within the week on whether or not they should go ahead and accept the old notes. He said until such a directive was given, he would insist that customers paid him only with new N500 or N1,000 notes.

                  A petty trader, identified as Madam Uloma, also told NAN that she won’t accept the old notes, saying “until I hear from the horse’s mouth, I will not collect the old notes.”

                  Uloma said she would not want to go through the stress she went through when the notes were declared invalid by CBN.

                  A resident, Fred Oyibo, said he was excited when the pronouncement validating the use of old notes was made by the Supreme Court. He, however, expressed disappointment that he could not use the old notes he had, adding that business operators are still rejecting them in spite of the ruling.

                  “I have about N3,000 of the old N1,000 notes with me and I felt elated when the court gave the ruling, but to my dismay, the money was rejected when I went out to buy a few items.

                  “I tried informing them that the ban had been lifted by the Supreme Court and they asked if the CBN had spoken. I further tried to educate them that once the Supreme Court gives a ruling, everyone was bound by it but they insisted on hearing from the Presidency before taking any action.

                  “At that point, I got discouraged and went back home, and as I speak with you, I still have the money with me,” he said.

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