The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) suspended Wednesday’s planned strike to protest the shortage of naira banknotes. The two unions said they would monitor
Chris Ngige, Minister of Labour and Employment has convened a meeting between the Nigeria Labour Conference (NLC) and the Central Bank of Nigeria (CBN) on Monday. The meeting held
The CBN has raised its benchmark lending interest rate to 18% in a push to contain the nation’s inflationary pressure. The Central Bank of Nigeria has raised interest rates to
The inability of many Nigerians to access cash for their day-to-day activities is beginning to negatively impact the economy via livelihoods and productivity in the real sector, pushing many businesses in the informal sector to deadline.
10 states have entered into a fresh legal battle against the federal government and the Central Bank of Nigeria (CBN). This is coming after the federal government and the Central Bank of Nigeria (CBN) failed to honour the Supreme Court’s March 3 ruling extending the validity of old Naira banknotes.
The International Monetary Fund(IMF) has announced that only 24% of loans made under the Central Bank of Nigeria’s Anchor Borrower Program have been repaid.
The CBN has categorically denied extending the deadline on N500 and N100 old notes. The Central Bank of Nigeria (CBN) has classified a report that it has extended the expiration date of old N500 and N1,000 banknotes until May 1 as fake news.
The Central Bank of Nigeria has mandated banks to start collecting the old N500 and N1,000 notes with immediate effect. The CBN re-affirm that the old currencies were no longer legal tender.