Economy

DSS Nabs Syndicates Selling New Naira Notes

The Department of State Services officers have arrested an undisclosed number of persons involved in the sale of the new naira notes. The DSS, in a statement by its spokesman, Peter Afunanya, accused some commercial bank officials of aiding the crime. The statement was titled, ‘DSS intercepted syndicates selling new …

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New Naira: NBA Impels CBN To Review Policy

The Nigerian Bar Association has said that the law allows Nigerians to redeem their old naira notes at the Central Bank of Nigeria even after the January 31 deadline set by the apex bank for such activity. Report stated that the Federal Government unveiled the redesigned N200, N500 and N1000 …

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Reps To Meet NNPC Over Fuel Scarcity

As petrol scarcity lingers on with queues in filling stations across the country, the House of Representatives has urged the Nigerian National Petroleum Company Limited, as the sole importer of Premium Motor Spirit, popularly known as petrol, to urgently ease off the queues across Nigeria. The Lawmakers also urged the …

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Banks Lending Rate To Customers Rises To 29.13%

Godwin Emefiele Figures obtained from the Central Bank of Nigeria on money market indicators, on Monday, have revealed that the maximum lending rate in the banking sector has hit 29.13 per cent while savings deposit rates was 4.13 per cent as of the end of December 2022. Prime lending rate …

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Inland Revenue Rakes in N10.1 Trillion

Over N10.1 trillion tax revenue have been declared as the sum raked in by the Federal Inland Revenue Service (FIRS) . The Service made this known in its “FIRS 2022 Performance Update,” report signed by its Executive Chairman, Mr. Muhammad Nami and released, in Abuja, yesterday. It said, “The FIRS, …

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Court Strikes Out Suit Against Buhari On NDDC Appointments

Justice Inyang Ekwo of the Federal High Court Abuja has struck out a suit instituted against President Muhammadu Buhari, challenging the alleged lopsidedness in appointments into the Niger Delta Development Commission (NDDC). The suit instituted by an Abuja-based businesswoman and NDDC stakeholder, Rita Ogbebor was struck out by the court …

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