Economy
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BREAKING: Supreme Court stops FG, CBN from banning old Naira notes by February 10
The Supreme Court has stopped the Federal Government and the Central Bank of Nigeria (CBN) from withdrawing the old Naira notes as a legal tender by February 10. The apex court gave the interim injunction on Wednesday after the governors of Kogi, Kaduna and Zamfara states dragged the Federal Government and CBN to court. According to the Supreme Court, the…
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TUC gives FG 7-day ultimatum to provide solution to fuel, Naira scarcity
The Trade Union Congress (TUC) has given the Federal Government a 7-day ultimatum to provide solution to the fuel and Naira notes scarcity in the country. The TUC gave the ultimatum in a press release jointly signed by its President, Comrades Festus Osifo and Secretary General, Nuhu Toro. The TUC said it is not interested in blame game, demanding for the immediate return to…
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NCC commended as AfricaNXT 2023 begins
The Nigerian Communications Commission (NCC), at the opening of the AfricaNext show at the Landmark Event Centre in Lagos, Monday, attracted industry commendation for its efficient regulatory processes that have given verve to the realisation of full digital economy in the country. Chief Executive Officer of CashToken Africa, Mr. Lai Labode, said the manner with which the Commission understands and…
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FMDQ Depository becomes member of International Securities Services Association
In furtherance of the advancement of its business development agenda through strategic alignment with relevant international professional bodies, FMDQ Depository Limited on Monday announced its approval as a member of the International Securities Services Association (ISSA). FMDQ Depository, a Central Securities Depository (CSD) registered by the Securities and Exchange Commission, Nigeria, considers this approval beneficial to the execution of its…
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PHOTO NEWS: FIRS, LIRS sign MoU in Lagos
The Federal Inland Revenue Service (FIRS) and the Lagos State Inland Revenue Service (LIRS) on Monday signed a Memorandum of Understanding in Lagos. FIRS Chairman, Muhammad Nami signed on behalf of the FIRS, while LIRS Chairman, Ayodele Subair signed on behalf of the LIRS. Among those present at the MoU signing at Lagos House, Marina were Lagos State Governor Babajide…
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Nigeria, Niger Republic sign agreement on border frequency coordination
Nigeria and Republic of Niger have signed a bilateral agreement in Abuja for coordination of frequency utilisation along their borders to ensure seamless deployment of services within the two countries. The agreement signing ceremony was one of the highlights of the two-day Digital Economy Regional Conference, hosted by the Federal Government and facilitated by the Federal Ministry of Communications and…
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Buhari greets FIRS Chairman, Muhammad Nami, at 55
President Muhammadu Buhari warmly felicitates with the Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Mamman Nami on his 55th birthday, praising him for making commendable efforts to raise government revenues, especially at this time of great need. President Buhari notes that the leadership and guidance of Nami has repositioned operations and staff of the agency, using technological…
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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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