CBN Spends N538.59M To Dispose 1.51Billion Dirty Naira Notes in 2020

The Central Bank of Nigeria said it sustained banknotes disposal operations in 2020 to ensure the circulation of clean banknotes. The naira notes which are unfit and disposed of range from N1000 to…

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CBN Spends N58.6bn To Print 2.52bn Naira Notes

The Central Bank of Nigeria spent the sum of N58.6 billion to print 2.52 billion Naira notes valued at N1.1 trillion in 2020. Disclosing these yesterday in its Annual Currency Operations report for…

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JUST-IN: 99.4 % Of Bank Accounts Contain Less Than N500,000 – NDIC Reveals

The Nigeria Deposit Insurance Corporation, NDIC, said that 99.4 per cent of bank accounts contain less than N500,000 Maximum Insured Limit (MIL) of the Nigeria Deposit Insurance Corporation, NDIC Managing Director/Chief Executive, NDIC,…

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BREAKING: Buhari launches eNaira

The eNaira is a culmination of several years of research work by the Central Bank of Nigeria in advancing the boundaries of payments system in order to make financial transactions easier and seamless…

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BREAKING: CBN Introduces N500m Grant For Undergraduates, Graduate

The Central Bank of Nigeria has said it will support youths in tertiary institutions with grants to promote entrepreneurship and reduce unemployment. The CBN disclosed this on Wednesday in a report, titled ‘Guidelines…

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How To Apply For Federal Government GEEP 2.0 Interest Free Loan 2021/2022

Federal Government GEEP 2.0 Interest Free Loan Application 2021/2022 Guide and Requirements. Apply for the recently launched Federal Government of Nigeria interest-free loan. See the requirements and how to apply here. The GEEP…

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AHEAD OF MONDAY: 10 Ways To Accumulate Wealth At A Young Age

You are never too young to start saving and investing. People that start investing when they are young are more likely to develop habits that will last a lifetime. The earlier you start…

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CBN Attempts To Fall Rice Price, Others, Begins Distribution Of 27,000 Metric Tonnes Nationwide Today

In a move to reduce increasing food prices in the Nigerian market, the Central Bank of Nigeria (CBN) says it has completed preparations to distribute 27,000 metric tonnes of rice paddy straight to…

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Nigerian’s Firm Completes Total Acquisition Of  Shoprite

  Ketron Investment Limited, a subsidiary of Persianas Investment Limited, has completed the acquisition of Shoprite operations in Nigeria. Persianas, a property firm and developer of the popular The Palms, is owned by…

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National Reps Set To Legalise Use Of Indian Hemp

The House Of Representatives is set to legalise the use of Indian Hemp in the country for economic benefit. Spokesperson of the House of Representatives, Hon. Benjamin Okezie Kalu said this during a…

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