The Ogun State Governor, Dapo Abiodun, on Friday performed the groundbreaking of the $400m first phase of the development of the State Special Agro-Industrial Processing Zone. The groundbreaking was performed at the Agro Cargo...
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FEC authorizes the construction of N30b planetarium and museum
The Federal Executive Council has approved the establishment of a Planetarium and Museum at the National Space Research and Development Agency (NASRDA). As contained in the statement, the project is expected to adopt the...
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EFCC invades Black market forex offices over Naira inflation
Operatives of the Economic and Financial Crimes Commission raided the offices of black market currency dealers in Abuja on Tuesday in a bid to halt the rapid fall of the naira. Premium Times reports...
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2 Minutes
N5000 note still in plan, ex-CBN governor Sanusi reveals
Former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has stated that the apex bank has not scrapped the plans to introduce the N5000 note. The N5000 note was proposed in...
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Naira drops to N800 per dollar
Under President Muhammadu Buhari’s administration, the naira has plunged to yet another all-time low, trading at 800 to the dollar at Aboki Forex, a secondary exchange site. According to reports on Saturday, the exchange...
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2 Minutes
CBN reveals how N58.61bn was spent to print N2.51bn notes in a year
The Central Bank of Nigeria is responsible for issuance of the legal tender currency, in line with its mandate as enshrined in section 2(b) of the CBN Act 2007. CBN approved an indent of...
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2 Minutes
Emefiele responds after Finance Minister claims FG not aware of Naira redesign
A few days after the Governor of Central Bank, Godwin Emefiele, unveiled plans to redesign the Naira and begin circulation by December 15, 2022, the Finance Minister disagreed with the move. Vanguard report said...
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2 Minutes
Senator Lawan approves Oyebanji, Lawmakers Ekiti redevelopment plan
The Ekiti State Governor, Biodun Oyebanji, has led federal lawmakers from the state in a meeting with the Senate President, Ahmad Lawan, and other leaders of the Assembly at the National Assembly Complex, Abuja....
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1 Minute
All set for Kaduna refinery as South Korean firm set to begin work
The Nigerian government has made a deal with South Korea. Business Insider reports that a spokesperson for the Nigeria National Petroleum Company Limited (NNPC) stated on Thursday, October 27, 2022, that the company had...
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Three naira notes to gain new form as CBN names date of circulation
The Central Bank of Nigeria Governor, Godwin Emefiele has said the apex bank will redesign three naira notes. He said the bank had obtained approval from President Mohammadu Buhari to redesign N200, N500, N1000...
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