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BUSINESS

New naira notes: January 31 deadline sacrosanct, says Emefiele

Daily Dispatch January 24, 2023

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said on Tuesday that the January 31 deadline to stop the circulation of old naira notes would not be extended. Emefiele said this after the Monetary Policy Committee (MPC) meeting in Abuja on Tuesday. The CBN Governor stated

BUSINESS

Buhari opens 32-metric tonnes/hr Lagos Rice Mill

Daily Dispatch January 24, 2023

President Muhammadu Buhari on Monday inaugurated a 32-metric tonnes per hour Lagos Rice Mill in Imota, Ikorodu, a suburb of Lagos, to support rice revolution in Nigeria. The News Agency of Nigeria (NAN) reports that the Lagos Rice Mill, Imota, is a 2 x 16 metric tonnes per hour mill standing on an area of […]

BUSINESS

Reps fume over scarcity of new Naira notes, summon banks’ CEOs

Daily Dispatch January 24, 2023

Following news of a shortfall of the new Naira notes in circulation, the House of Representatives decided to meet tomorrow with the CEOs of commercial banks during its plenary session on Tuesday. The meeting’s main purpose is to find out the actual situation about the new Naira notes’ availability after the Central Bank of Nigeria, […]

BUSINESS

CBN increases interest rate to 17.5%

Daily Dispatch January 24, 2023

The Monetary Policy Committee of the Central Bank of Nigeria, CBN, has unanimously voted to increase the benchmark interest rate by 100 basis points to 17.5 per cent. The CBN Governor, Godwin Emefiele, disclosed this while reading the communiqué at the end of the two-day MPC meeting, the first of the year. The development means […]

BUSINESS

KACRAN asks for Emefiele sack, extension of withdrawal of old note till December 2023

Daily Dispatch January 24, 2023

The Kulen Allah Cattle Rearers Association of Nigeria (KACRAN) has called for the immediate sack of the governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele and for the extension of the withdrawal of old currency from circulation till December 2023. A statement signed on Tuesday by the National President of the association, Hon […]