CBN’s controversial cash policy Following the recent cash withdrawal directive, the CBN and its governor, Godwin Emefiele, have received so much backlash from Nigerians and business owners who see the policy as draconian. The first is from the Association of Mobile Money and Bank Agents in Nigeria. They wrote an 8-paragraph letter to the CBN […]
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More oil was discovered in the North! Since it was first discovered in Nigeria, the majority of the oil and gas drilling in the country has been done in the southern part of the country but all that might just be about to change slightly. The gist is that oil–in commercial quantity–was discovered within the […]
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Does the new Naira design look good? A few weeks ago, the CBN Governor, Godwin Emefiele, announced that a couple of the Naira notes would be redesigned and the sudden decision to change the outlook of the Naira note was fully backed and vetted by the president. Note that all the reasons presented to Nigerians […]
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This year’s floods are the worst we’ve seen in years! In the last few weeks, some states in Nigeria have been going through crises because of flooding. The flood situation initially started in the Northern part of Nigeria and it has now gradually spread to the South-South. If care isn’t taken could potentially spread to […]
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Good or bad for subscribers? Nigeria is going through one of her toughest economic phases since the beginning of the 21st century. Frankly, taxation or billings in any other form is not what anyone wants to hear in the news. Well, the Federal government has said that all Telecom subscribers would have to pay a […]
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What does this mean to everyday people? It is no news that the Naira is gradually losing its value. Over the past few months, it has worsened beyond control despite all the tactics employed by the Central Bank of Nigeria. This week, the exchange rate of the Naira to the United State Dollars has […]
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