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CBN Bows to Pressure, Directs Banks to Comply with Supreme Court Order on Usage of Old N200, N500, N1,000 Notes Till Dec 31

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CBN Bows to Pressure, Directs Banks to Comply with Supreme Court Order on Usage of Old N200, N500, N1,000 Notes Till Dec 31
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    CBN Bows to Pressure, Directs Banks to Comply with Supreme Court Order on Usage of Old N200, N500, N1,000 Notes Till Dec 31
    Economy Watch

    CBN Bows to Pressure, Directs Banks to Comply with Supreme C...

    March 13, 20230976

    The Central Bank of Nigeria (CBN) on Monday said old N200, N500 and N1,000 notes remain legal tender till December 31, 2023. Its acting director of co

    Buhari Disowns Emefiele, Says CBN Shouldn’t Disobey Supreme Court Orders on Naira Notes
    Economy Watch

    Buhari Disowns Emefiele, Says CBN Shouldn’t Disobey Supreme ...

    March 13, 202301035

    President Muhammadu Buhari has distanced himself from the Central Bank of Nigeria’s alleged disobedience to orders of the Supreme Court regarding the

    Dangote Sugar Posts N82.3bn Profit in 2022
    Economy Watch

    Dangote Sugar Posts N82.3bn Profit in 2022

    March 6, 202301097

    Dangote Sugar Refinery Plc has reported a profit before tax (PBT) of N82.3 billion in the year ended December 31, 2022, indicating an increase of 142

    Seplat Energy’s 2022 FY Revenue Grows by 29.8% to N403.9bn
    Economy Watch

    Seplat Energy’s 2022 FY Revenue Grows by 29.8% to N403.9bn

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    …Gross profit hits N197.2bn, rising by 63%  …Declares US15 cents per share full-year dividend  Seplat Energy Plc, a leading Nigerian independent energ

    Dangote Cement Plc Makes Profit of N382 Billion in 2022
    Economy Watch

    Dangote Cement Plc Makes Profit of N382 Billion in 2022

    February 28, 202301477

    Dangote Cement Plc has reported profit of N382 billion for the year 2022, according to the company’s financial report. The 2022 profit represent a 4.9

    NBS Reveals Nigeria Tepid Economic Growth as Oil Sector Shrink
    Economy Watch

    NBS Reveals Nigeria Tepid Economic Growth as Oil Sector Shri...

    February 23, 202301174

    Nigeria’s economic growth slowed to 3.52% in the fourth quarter from 3.98% a year earlier (NGGDPQ=ECI), as widespread flooding destroyed farms, oil pr

    NBS says Petrol Price Increased by 54.52% in One Year
    Economy Watch

    NBS says Petrol Price Increased by 54.52% in One Year

    February 21, 202301122

    National Bureau of Statistics (NBS) says the average retail price paid by consumers for Petrol increased from N166.40 in January 2022 to N257.12 in Ja

    CBN Debunks Instructing Banks to Collect Old N500, 1,000 Notes
    Economy Watch

    CBN Debunks Instructing Banks to Collect Old N500, 1,000 Not...

    February 17, 202301066

    The attention of the Central Bank of Nigeria (CBN) has been drawn to some fake and unauthorized messages quoting the CBN as having authorized the Depo

    IMF Urges Nigeria to Consider Extending Banknote Swap Deadline
    Economy Watch

    IMF Urges Nigeria to Consider Extending Banknote Swap Deadli...

    February 8, 20230980

    The International Monetary Fund said on Wednesday that Nigeria should consider extending a deadline to swap old banknotes because of the disruption to

    NBS says FG Earns N3.63b from Postal Services
    Economy Watch

    NBS says FG Earns N3.63b from Postal Services

    February 7, 20230909

    The National Bureau of Statistics (NBS) has said the Nigerian Postal Service raked in N3.63 billion in 2021. The collection dipped by 22.79 percent co

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