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Category: Economy

Business Economy headline

CNB’s withdrawal limits begin as concerns over new Naira notes persist

Iheanyi Ejiofor January 9, 2023 No Comments #cash withdrawal policy#CBN

Our reporter/ The cash withdrawal limits set by the Central Bank of Nigeria (CBN) commenced today, January 9, 2023 amid concerns over the slow spread and quality of three newly…

Read More CNB’s withdrawal limits begin as concerns over new Naira notes persist
Business Economy headline

Why redesigned naira notes leave ink stains on white surfaces – MINT MD

Iheanyi Ejiofor January 6, 2023 No Comments #MINT#redesigned naira note

The Nigerian Security Printing and Minting (NSPM) Plc on Friday played down fears over the quality of the redesigned naira notes. The company, also referred to as The MINT, is…

Read More Why redesigned naira notes leave ink stains on white surfaces – MINT MD
Business Economy headline

NNPC dismisses report it exported 17.87m barrels of oil without documentation

Iheanyi Ejiofor January 5, 2023 No Comments #NNPC

Our reporter/ The Nigerian National Petroleum Company (NNPC) Limited has denied the allegation that it exported 17.877 million barrels of crude oil without proper documentation from 2016 to 2020. A…

Read More NNPC dismisses report it exported 17.87m barrels of oil without documentation
Business Economy headline

Nigeria’s debt expected to hit N77trn, says DMO

Iheanyi Ejiofor January 5, 2023 No Comments #Debt#DMO#Nigeria

Our reporter/ Nigeria’s debt is expected to hit N77 trillion in the coming year, the Debt Management Office (DMO) has said. The Director General of the DMO Patience Oniha said…

Read More Nigeria’s debt expected to hit N77trn, says DMO
Business Economy headline

FG to end payment of fuel subsidy by June 2023

Iheanyi Ejiofor January 4, 2023 No Comments #Subsidy payment

The Federal Government will stop the payment of fuel subsidy by the end of June 2023, Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said. Ahmed, who…

Read More FG to end payment of fuel subsidy by June 2023

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