It was Lord Acton, a Professor of History in Cambridge in a letter he sent to his bishop on April 5, 1887 who said “Power corrupts, absolute power corrupts absolutely.”

President of Nigeria Labour Congress (NLC), Comrade Joe Ajaero, has described the ongoing naira swap as a class struggle, which shouldn’t have involved poor masses struggling to survive under the yoke of a N30, 000 minimum wage.

Some traders in Kaduna markets and metropolis have continued to reject interbank transfers, citing difficulties in withdrawing cash from banks. Another reason, the traders gave was that local farmers in villages who sell goods...

AMID confusion over the state of Central Bank of Nigeria’s (CBN) naira redesign policy, President Muhammadu Buhari, yesterday, weighed in heavily to provide clarity and direction, when he addressed the nation in a broadcast, the first this year, and which may be his last as President before handing over on May 29.

Ahead of Wednesday’s sitting of the Supreme Court to decide on the naira redesign policy of the Central Bank of Nigeria (CBN), the Nigeria Governors’ Forum (NGF) has urged its members to support the legal battle on the policy against the Federal Government at the apex court.

Uncertainty still persists around the cash swap among Lagos residents as the old bank notes which include N1000, N500 and N200 expire on Friday amid scarcity of the redesigned notes.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will sanction fuel stations that reject the use of Point of Sale (POS) machines or bank transfers at their outlets. This is contained in a statement by Mr Kimchi Apollo, General Manager, Corporate Communications and Stakeholders Management, NMDPRA, on Thursday in Abuja. The statement…

The National Security Adviser (NSA) Maj.-Gen. Mohammed Monguno (rtd), has said that the change of currency and cashless policy of the Central Bank of Nigeria (CBN), if not well thought out, may affect operations of troops in the field.

Uncertainties trailing the Central Bank of Nigeria (CBN)’s naira redesign policy continued, yesterday, when the Supreme Court overruled an earlier injunction granted by a high court in the Federal Capital Territory ...

The Naira redesign policy phasing out the old 1000 naira, 500 naira, and 200 naira notes by Nigeria's Central Bank continues to generate uproar across the country because citizens are finding it harder and harder to access the new notes.