Economy
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Public service recognition a morale booster for us, FIRS
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has stated that his recognition by the LEADERSHIP Awards as the Newspaper’s Public Service Person of the Year 2022 is a morale booster for the Service to do more. Mr. Nami stated this while speaking to journalists after receiving the LEADERSHIP Public Service Person of the Year 2022…
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No Nigerian will lose money over Naira redign, says Emefiele
…stands on Feb 10 deadline for legal status of old banknotes The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has assured that no Nigerian will lose money under the Naira redesign project, adding that the project is in the overall interest of Nigerians and the economy. Emefiele gave the assurance during a meeting with the Ad-hoc…
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Commercial banks will accept old naira notes after Feb 10, says Emefiele
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has revealed that commercial banks will continue to accept the old naira notes even after the February 10 deadline for swapping with the newly-designed currency notes. The apex bank recently extended the deadline for the swap of the newly-designed N1,000, N500, and N200 notes following an outcry from Nigerians. But while…
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LIRS boss, Ayodele Subair, bags Vanguard’s Public Sector Icon award
Executive Chairman, Lagos State Internal Revenue Service (LIRS), Mr Ayodele Subair, has been conferred with the 2022 Public Sector Icon of the year at the 11th edition of the Vanguard Personality of the Year Award held at the Eko Hotels and Suites, Victoria Island, Lagos on Friday, January 27, 2023. The glamorous ceremony chaired by Mrs Ajoritsedere Awosika, Chairman of…
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DSS arrests syndicates selling redesigned naira notes
The Department of State Services says it has arrested members of syndicates who sell the redesigned naira notes. The DSS announced this in a statement on Monday. It said investigations show they were being aided by officials of commercial banks in the country. The statement reads: “The Department of State Services hereby informs the public that it has intercepted some…
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75% of N2.7trn held outside banking system recovered, Emefiele reveals
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele on Sunday disclosed that 75 per cent of the N2.7trillion held outside the banking system has been recovered. The naira redesign was greeted by criticism by some Nigerians, including the presidential candidate of the ruling All Progressives Congress (APC), saying the policy was intended to scuttle his presidential ambition. According…
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BREAKING: CBN bows to pressure, extends deadline for old naira notes to Feb 10
The Central Bank of Nigeria (CBN) has finally extended the deadline for the exchange of old naira notes by 10 days. A statement issued by CBN Governor, Mr. Godwin Emefiele on Sunday said the new deadline is February 10, 2023. Emefiele at the first Monetary Policy Meeting (MPC) of CBN had insisted that the deadline for the return of old…
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Cross-border smuggling hampering fuel distribution – FG
The Federal Government says the current Premuim Motor Spirit (PMS) distribution hitch is heightened by the activities of cross-border smugglers who divert petroleum products to sell at higher prices in neighbouring countries. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) made this known in an update it issued on Friday on the supply and distribution of PMS nationwide. It…
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Government will eliminate squeeze, chaos in currency swap, Buhari assures
President Muhammadu Buhari, Saturday assured that government will ensure that citizens are unharmed in their businesses and no disruption is caused to the entire supply chain arising from the currency swap due to end shortly. Reacting to reports of long queues of people waiting for hours for their turn to deposit old notes and get new ones, triggering public anger…
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Naira redesign: Atiku urges CBN to extend deadline for ordinary Nigerians
The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar has urged the Central Bank of Nigeria to extend its deadline for the phasing out of old naira notes. The CBN had insisted that the old N200, N500 and N1000 notes will cease to be legal tender as from January 31, 2023, urging all Nigerians to deposits their old…
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