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Economy

In Ambush of Vote Buyers, Ransom Takers, CBN Voids Naira Notes by End of January

In an apparent move to tackle vote-buying and control the amount of money in circulation, the Central Bank of Nigeria (CBN) yesterday announced a redesign of the currency in the variation of N200, N500 and N1,000. But, according to report…

AAC Presidential Candidate, Sowore Wants CBN Governor Emefiele Sacked Over Redesign Of N200, N500, and N1,000 N1000 Banknotes

The presidential candidate of the African Action Congress (AAC), Omoyele Sowore, has called for the sacking of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele over the redesign of banknotes. The apex bank earlier said it would…

CBN Gives Reasons for Redesign of N200, N500 And N1,000 Notes

The Central Bank of Nigeria (CBN) on Wednesday said it will redesign the N200, N500, and N1,000 notes. CBN Governor, Godwin Emefiele, disclosed this during a special press briefing in Abuja. The new design and issues will be effective from…

UK Prime Minister Liz Truss Resigns Amid Budget and Market Turmoil

Liz Truss has become Britain’s shortest-serving Prime Minister ever, after announcing her resignation just six weeks into what has been described as a disastrous term that pitched Britain deep into political and economic turmoil. The UK Prime Minister had before…

Atiku Promises To Restore Peace, Reactivate All Moribund Industries In Kaduna

The Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, on Monday, vowed to restore peace and reactivate dying factories in Kaduna State, if he emerges president of Nigeria in 2023. He also promised to rehabilitate the roads linking Kaduna and…

Oyo State Government, UNICEF Collaborate to End Poverty

Oyo State Government and the United Nation Children’s Funds (UNICEF) on Thursday, agreed to tackle poverty, through cash transfer to the vulnerable and the extremely poor in the society. The Commissioner for Economic and Budget Planning, Prof. Musbau Adetunji Babatunde…

BREAKING: Two Nigerian Start-Ups Qualify for GITEX Expo Competition

Two Nigerian tech start-ups have qualified for the final of the Supernova Challenge Pitch Competition at the ongoing GITEX 2022, according to a report by PRNigeria. The online news agency had earlier, on Monday, reported that the two Nigerian start-ups…

Customs Seizes N200m Contraband In Two Months

Contrabands valued at over N200 million have been seized from August to date by the Nigeria Customs Service (NCS), Federal Operations Unit (FOU), Zone “D”, Bauchi, Bauchi State. The Public Relations Officer, NCS, FOU, Bauchi, Umar Ab­dullahi, who disclosed this…

Bala Mohammed: Promises Made, Promises Kept

By Abdul-Azeez Suleiman An election promise or campaign promise is a promise or guarantee made to the public by a candidate or political party that is trying to win an election. All over the world, with sufficiently patient voters and candidates, there are many equilibria that characterize the range of credible…

Buhari Presents N20.5tr 2023 Budget

As Nigeria’s economy continues to struggle, President Muhammadu Buhari on Friday presented the 2023 Budget totalling 20.5 trillion to the joint session of the National Assembly. According to the President, the 2023 Appropriation Bill was prepared amidst a very challenging…

(VIDEO) Traders Count Losses As Lagos Govt Officials in Concert With Land Grabbers Demolish Ikota Market

Members of the Ikota Traders Association are protesting what they described as the ‘unlawful’ demolition of their business premises by officials of the Lagos State Ministry of the Environment. On September 15, the officials of the Environment Ministry led by…