You Can Pay Your School Fees Via eNaira, CBN Advise Students
The Central Bank of Nigeria (CBN) has advised students to use the eNaira platform to pay school fees and other payments. The advice came during a sensitisation on eNaira which takes place at the University of Lagos, Akoka, Lagos. Director, Information Technology Department at the CBN and Coordinator, Technical Working Committee, eNaira Secretariat, Rakiya Muhammed, […]
Check Facts: 10 Changes Made To Nigeria’s Currency Since 1960
The Central Bank of Nigeria (CBN) last Wednesday announced that it would redesign the country’s N200, N500 and N1,000. The CBN Governor, Godwin Emefiele, said the change would be done to reduce the amount of money in circulation and control inflation. The apex bank also said that the redesigned notes would start circulating from December […]
Rice To Hit ₦50,000 Per Bag As Floods Ravage Farms
NIGERIAN may have to brace themselves for a surge in the price of a 50kg bag of locally parboiled rice to as high as N50,000 before December on the back of the floods in many states, traders and distributors of the commodity have said. Flood incidents in Africa’s biggest economy that have destroyed 70,566 hectares […]
Fuel Crisis: $90m Debt Threatens Supply, Nigerians Face Bleak Yuletide
Nigerians may celebrate the Christmas and New Year in acute fuel crisis as shipowners are threatening to stop rendering services to the Nigeria National Petroleum Corporation Limited over the non-payment of $90m owed for their chartered services and which has accumulated in the past nine months. The ship owners told Sunday PUNCH that if nothing […]
Naira Crashes Against Dollar, See Latest Exchange Rate
A report by Nairametrics revealed that naira plunged to N775/$, two days after the Central Bank of Nigeria (CBN) announced it was redesigning the 200, 500, and 1,000 naira notes. On Friday morning, October 28, 2022, the exchange rate between the naira and the US dollar plunged sharply, trading at a minimum of N775/$1 on […]
Cooking Gas Price Increases By 61%
THE price of 12.5kg of cooking gas rose by 61 per cent to N9,906 in September 2022 from N6,165 in September 2021. This was disclosed by the National Bureau of Statistics in its report on Liquefied Petroleum Gas (cooking gas) Price Watch for September 2022. In its state profile analysis, the bureau stated that Cross […]
New Naira Notes: Presidential Candidate Ask FG To Sack CBN Governor, Emefiele(Check Details)
Nigeria’s number one man, President Muhammadu Buhari has been asked to sack Godwin Emefiele, the Central Bank of Nigeria (CBN) Governor. Omoyele Sowore, the presidential candidate of the African Action Congress, said Emefiele should be fired over the redesigning of the new naira notes. Sowore said CBN should boost the value of the naira rather […]
BREAKING: Nigerian Government to Launch the Re-designed Naira Notes By December – CBN
The Governor, Central Bank of Nigeria, Godwin Emefiele, has announced that the bank would release re-designed Naira notes by December 15, 2022. He also said that existing notes would seize to be regarded as legal tender by January 31, 2023. Emefiele disclosed this during a press briefing in Abuja on Wednesday. The CBN said that […]
No More ATM Cards Effective From January 2023– CBN Announces Replacement
The Central Bank of Nigeria, in line with its mandate to promote stability, inclusion and growth in the financial and payment system, says it has introduced a national domestic card scheme that will become effective on January 16, 2023. A statement from the Director, Corporate Communications, CBN, Osita Nwanisobi, said Nigeria is Africa’s largest and […]
Household Kerosene Price Hits 118% Increases Within a Year – NBS
Household kerosene may go beyond the reach of poor Nigerians as the price of the commodity has risen by 118 per cent in the last 12 months. According to the report, the average retail price per litre of HHK paid by consumers in September 2022 was N947, indicating an increase of 17 per cent compared […]