Over 95% Nigerians stand with S’Court, Still use old N500, N1,000
Whereas President Muhammadu Buhari in a nationwide broadcast, Thursday morning gave approval for only the use of old N200 as legal tender till April 10, 2023 and directed the Central Bank of Nigeria (CBN) to put back into circulation the…
Just in: Buhari’s only N200 old note means contempt of S’Court—Lawyers
Leading legal luminaries in Nigeria led by Barr. Dr Monday Onyekachi Ubani have accused President Muhammadu Buhari of unprecedented commitment of contempt of Supreme Court following his early morning national broadcast where he announced only the continued use of old…
LASG warns Against Rejection of old Notes as S’Court sustains Usage
The Lagos State Government wishes to put on record the patience and calmness of Lagosians following the controversy generated by the Naira shortage crisis. The State Government has joined the dispute at the Supreme Court, which Wednesday, February, 15, 2023,…
S’Court extends validity of old naira notes as protests spread nationwide
Whereas the highest court of the land, the Supreme Court on Wednesday affirmed the validity of the use of old 200, 500 and 1000 naira notes as legal tenders in Nigeria contrary to the surreptitious stand of the Central Bank…
How CBN embarrassed developed nations with fake claims on epayment system
More issues have continued to emerge from his recent address before the foreign envoys at the Federal Ministry of External Affairs, where he, the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, went to address heads of missions to…
Monieworx® enables 3 SMEs raise N100M in 10 days
Obelix 4.1.1 Alternative Finance Limited (Obelix), Nigeria’s SEC-regulated Crowdfunding Intermediary, today announced that it has fundraised N100 million from 9,324 registered small-ticket retail investors for 3 promising small and medium enterprises in just 10 days, thus successfully pioneering an alternative…
Presidency voids CBN stand on old notes as Nigerians await S’Court Today
Whereas the Central Bank of Nigeria (CBN) still insists that Supreme Court ruling on old notes is not binding on it as its not party to the suit, the presidency yesterday disclosed that neither the federal government had taken a…
Just in: Falana hits back at CBN for disobeying S’Court Order on currency swap
The Central Bank of Nigeria (CBN) has voided the Supreme Court order granting an interim injunction on February 8 restraining it and the Federal Government from implementing the February 10 deadline. However, in a latest statement by the apex bank,…
Diaspora remittances deepening entrepreneurship in Nigeria, others
Fresh report by mobile network operator World Mobile reveals that members of the African diaspora living in Europe are increasingly investing in and financing businesses on the African continent. World Mobile is one of the leading innovators reshaping internet connectivity…
ePayments, eCommerce Integrations Drive Open Banking Transactions
A new study from Juniper Research has found that global Open Banking payments transaction values will exceed $330 billion globally by 2027; up from $57 billion in 2023. The report, Open Banking: Opportunities, Competitor Leaderboard & Market Forecasts 2023-2027, predicts…
