On Wednesday, October 26, 2022, Nigeria's apex bank, the Central Bank of Nigeria (CBN), announced that it will redesign some new naira notes.

The planned nationwide broadband deployment is being threatened by the slow takeoff of the licenced Infrastructure Companies (InfraCos), despite a longer tenor and cheaper licence costs...

Penultimate Thursday, the Senate embarked on a fresh attempt to review the 1999 Constitution with the composition of a 56-member committee by the President of the Senate, Ahmad Lawan.

The Abuja Zonal Office of the Economic and Financial Crimes Commission (EFCC) has arrested two suspected currency forgers.

The Central Bank of Nigeria (CBN) has said that the replacement of burnt or damaged currency notes is not automatic. The CBN, at a two-day public sensitisation forum in Umuahia, Abia State, advised those in possession of such notes to take them to the CBN branch near them for inspection and replacement, if approved. The…

Guardian Woman celebrates Mrs Priscilla Ekwueme Eleje, the first woman to append her signature on Nigeria’s banknotes, as she is appointed the Director of Currency and Operations of the Central Bank of Nigeria

Sri Lanka announced a raft of restrictions Saturday in a bid to slow down imports of cars and luxury goods as the country faces a foreign exchange shortage. The finance ministry banned the import of vehicles for all state institutions for one year and said public servants will not be allowed to import cars at…

Uncertainty reigned in Venezuela on Saturday after President Nicolas Maduro unveiled a major economic reform plan aimed at halting the spiraling hyperinflation that has thrown the oil-rich, cash-poor South American country into chaos. Ahead of a major currency overhaul on Monday, when Caracas will start issuing new banknotes after slashing five zeroes off the crippled…

After issuing several warnings, the police and officials of the Central Bank of Nigeria (CBN) have swooped on alleged vendors and abusers of the naira notes in Ogun State. Over N1 million notes were seized from the illegal vendors.   According to the Ogun State police spokesman, Abimbola Oyeyemi, an Assistant Superintendent of Police (ASP),…

The International Monetary Fund (IMF) has said investors still express concerns on how to repatriate funds out of Nigeria, due to currency controls introduced last year. Besides the IMF also submitted that government must roll that would help reduce the rate of inflation in the country to reposition the economy on a steady growth trajectory…

Fuji music lovers and crooners in Ibadan, Oyo State, were recently treated to live fuji concert vibes tagged: ‘Best Fuji Blast 2017’. The event, was powered by Tanamont Nigeria Limited, makers of quality dry gin including Best London Dry Gin, Best Cream, Best Whisky, Cruz, Voldka, Best Inferno and Magnum. Packaged by foremost showbiz outfit,…

What is now called the European Union (EU) was initially known as European Economic Community, which was dreamt and designed purely to be what the name suggests.