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Some aggrieved residents of Ibadan, Oyo State capital, on Friday trooped to major roads protesting over the hardship imposed on them by the new naira-notes and persistent fuel scarcity.
Protest in Ibadan over new naira-notes, fuel crisis Read More
WorldStage Newsonline– Although government has come out with reasons for the two most punishing issues of scarcity of new naira notes and fuel Nigerians are currently facing, reliable sources who preferred anonymity for fear of persecution and because they’re not authorized to speak on the matters have fingered politicians behind the crises.
Scandal: Politicians allegedly behind new naira notes scarcity, as banker confirms 10% kickback to exchange N100m new notes Read More
The Manufacturers Association of Nigeria (MAN) on Friday in Lagos emphasised the need for the CBN to intensify efforts at ensuring seamless transition from old naira to new naira notes.
Manufacturers warn that sales of made-in-Nigeria goods may drop 25% if new naira scarcity persists Read More WorldStage Newsonline– The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to educate the public on grey areas with regard to scarcity of the new Naira notes.
New Naira Scarcity: Lagos Chamber wants CBN to do more public education Read More Traders and Transporters in Bwari town, Bwari Area Council of the Federal Capital Territory (FCT) have said that their businesses have almost come to a standstill amidst the scarcity of new naira notes.
Naira scarcity: Business slows down in FCT, as traders, transporters cry out Read More The Central Bank of Nigeria (CBN) has observed, with grave concern, the activities of persons who sell the newly redesigned banknotes and those who flagrantly abuse the legal tender by hurling wads of Naira notes in the air and stamping on the currency at social functions.
CBN, Police, other agencies to prosecute sellers, abusers of Naira Read More The Central Bank of Nigeria (CBN) on Wednesday advised Nigerians to exchange their old Naira notes at Point of Sale (POS) machines and open Savings account.
Redesigned Naira: CBN advises Nigerians to patronise POS, open Savings account Read More
WorldStage Newsonline– The Economic Community of West African States (ECOWAS) has alleged that the French government was fueling political inertia in the adoption of the West African single currency, ECO, over its CFA franc.
ECOWAS parliament members accuse France of hindering adoption of ECO as West African single currency Read More
WorldStage Newsonline– FCMB Group Plc, Nigeria’s leading financial group has released its Unaudited annual financial statements year ended 31 December 2022 with 55.81% increase in profit for the year to N32.591 billion from N20.917 billion in 2021.
FCMB grows profit by 55.81% to N32.59b in 2022 Read More
WorldStage Newsonline– Moody’s Investors Service (Moody’s) has attributed the downgrade of Nigeria to Caa1 from B3, and change in the outlook to stable to the eventual downgrade of the long-term deposit ratings, issuer ratings as well as the senior unsecured debt ratings of all its rated banks in Nigeria to Caa1 from B3.
Moody’s explains downgrade of long-term deposit ratings of Nigerian banks Read More