The Central Bank of Nigeria (CBN) has ordered banks to unfreeze the accounts of foreign exchange investment, cryptocurrency and Bureau De Change companies.In a circular seen on Wednesday, but dated July 25, 2023, the CBN directed banks to lift the post-no-debit restriction placed on accounts of a popular crypto exchange,
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The Central Bank of Nigeria (CBN) has said the N200, N500 and N1,000 old naira notes are slowly being phased out with the redesigned ones.Acting CBN Governor, Folashodun Shonubi, made this known on Tuesday after the apex bank’s Monetary Policy Committee (MPC) meeting in Abuja.The CBN also increased the Monetary
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The Nigeria Labour Congress (NLC) has given the Federal Government a seven-day ultimatum to reverse all perceived anti-poor policies or face an indefinite nationwide strike from August 2.The decision, according to the Union, followed a meeting of its Central Working Committee (CWC) held on Tuesday, July 25, at Abuja Labour
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The Nigerian Association of Resident Doctors (NARD) on Tuesday night announced that there will be an indefinite nationwide strike.The strike was declared during the National Executive Council (NEC) meeting of the association in Lagos.President of the association, Dr Orji Emeka Innocent, said the strike will commence at 12 midnight on
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Zenith Bank, one of Nigeria’s largest financial institutions, has implemented a company-wide salary increment for all its staff. The decision comes in response to the prevailing economic challenges brought about by the removal of fuel subsidies.Reliable sources within the bank informed Nairametrics that the salary increase is all-encompassing, covering both contract
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Cadbury Nigeria Plc recorded a loss before tax of N17.9 billion in the second quarter of 2023. This compares to the N800 million profit reported at the same time in 2022. According to Nairametrics, the reason for the loss was a whopping N20.9 billion write-down the company took due to the
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The Nigerian Bar Association, NBA, has condemned the altercation between the Department of State Services and the Nigerian Correctional Service at a Lagos High Court on Tuesday over who to take custody of the embattled ex-governor of the Central Bank of Nigeria, Godwin Emefiele.Yakubu Maikyau, SAN, the President of NBA,
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Mr Ngozi Okolie , member representing Aniocha-Oshimili Federal Constituency in the House of Representatives, under Labour Party says he will appeal the tribunal judgment annulling his election.Okolie made this known while addressing a news conference in Abuja on Tuesday.The News Agency of Nigeria (NAN) reports that the tribunal, in a
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Traders in Enugu, the capital of Nigeria’s Enugu State, are currently protesting the sealing of their businesses by the state government.UNITY TIMES reports that the government sealed the businesses on Monday for not opening on Monday, which is a regular sit-at-home day imposed by a faction of the Indigenous People
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AC Milan will complete the transfer of Super Eagles attacker Samuel Chukwueze from Villarreal in a deal reportedly worth within the range of €28m today.Italian journalist Fabrizio Romano in the early hours of Tuesday disclosed this while providing an update on Chukwueze’s imminent move from La Liga to Serie A.“AC
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