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Business

Emefiele’s Naira Redesign Policy Responsible For Hunger- Presidential Aide

A Senior Special Adviser on Digital and New Media to the president, O’tega Ogra, has blamed the hunger and economic hardship on the naira...
Business

To Avoid Repeat Of Losses Recorded In 2023, Nigerian Breweries Effects Another Price Increment

Nigerian Breweries Plc has fallen back on price increment to avert a repeat of the losses it made in 2023.Last year was terrible for...
Business

Despite Investing N61bn To Expand Operations, Nestle Nigeria Records Worst Loss Since 2012

Nestle Nigeria has recorded N79bn loss after tax despite heavy investment to improve profitability and expand its reach in 2023.This is Nestle’s worst performance...
Business

Naira redesign policy pushes banks’ earnings from cashless transactions to N279bn in 9 months

The naira redesign policy of the Central Bank of Nigeria (CBN) has led to an increase in banks’ profits from cashless transactions to N279.85bn...
Business

To Forestall Repeat Of Naira Scarcity Under Emefiele, CBN Says Old Bank Notes To Remain Legal Tender Indefinitely

The Central Bank of Nigeria is planning to vacate a subsisting order of the Supreme Court that gave December 31st deadline for the old...
Business

Old Naira Notes Remain Legal Tender- CBN

The Central Bank of Nigeria has warned against the rejection of any bank notes it has issued in line with the provision of the...
Business

CBN Reveals Why Cash Is Scarce In Some Parts Of Nigeria, Warns Against Panic Withdrawals

The Central Bank of Nigeria has explained that the scarcity of cash in some parts of the country is due to high volume withdrawals...
Business

Despite Harsh Operating Environment, Hospitality Business Booms As Transcorp, Capital Hotel Post N4.5bn Profit

Despite the harsh operating environment, which has led to the closure of many businesses, the hospitality business is still booming based on the third-quarter...
Business

I Had No Cash To Buy Cooking Gas During Naira Redesign Policy—Femi Adesina

Femi Adesina who was the Media Adviser to former President Muhammadu Buhari, has said that he suffered from scarcity of cash during the naira...
Business

Currency in circulation up by N200bn in 5 months. What you should know

The currency in circulation (CIC) has increased by 7.4% in the first five months of 2023, the Central Bank of Nigeria (CBN) has revealed.In...
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