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Apex Court nullifies naira redesign policy, says old notes valid till Dec 31

The supreme court has invalidated the naira redesign policy introduced by the Central Bank of Nigeria (CBN). The court...

NCP names Mainstream Energy Solutions preferred bidder for Zungeru Power plant

MESL (the preferred bidder) scored 1142 marks (94.3%) of the total 1,200 marks, thus surpassing the minimum benchmark score of 75% of 1,200 marks, having offered the highest concession fee of $USD70,000.25 to beat Africa Plus Partners Nigeria Limited Consortium (APPNLC) which scored 742 points.

Estimated billing: Group writes NERC, demands sanction of DisCos

That your Agency should as matter of urgency set up monitoring committee to start monitoring the activities of discos in their franchise area especially in the instance of capping order and tariff charges on consumers.

CBN orders banks to collect old N500, N1,000 notes

It, however, pegged the maximum amount the banks can collect at N500,000.

Buhari extends use of old N200 notes till April 

In with Section 20(3) of the CBN Act 2007, the President said, all existing old N1000 and N500 notes remain redeemable at the CBN and designated points.

Supreme Court suspends Nigeria’s Naira redesign policy

The Supreme Court of Nigeria has restrained the Federal Government from continuing with the full implementation of the demonitization policy.

Naira Redesign: No Nigerian Will Lose Money – Emefiele

Emefiele gave the assurance during a meeting with the ad-hoc committee on the review of the Bank’s cashless policy and extension of the timeframe of the currency swap programme of the Bank on Tuesday, January 31, 2023.

NIMASA meets five select banks over disbursement of cabotage fund 

“We are engaging the banks on the management and disbursement of the CVFF because they are the ones who have the professional know-how in fund management and this would help us in the reduction of risk in order to avoid the same mistakes of the Ship Acquisition and Ship Building Fund,” Jamoh said.

11PLC heads to S’Court over sale of Lagos  Continental Hotel

The statement  signed by a senior legal officer of the company, Samuel Ozeh further disclosed that the parties have also filed a motion for stay of execution of the Appeal Court's  judgement, pending the determination of the suit by the Supreme  Court.

Buhari approves disbursement of cabotage vessel financing fund

The Minister of Transportation, Engineer Mu’azu Jaji Sambo who made the announcement at a press conference at the weekend said that the Presidential approval received by the Ministry on Friday confirmed Union, Zenith, Polaris, UBA and Jaiz Banks as the appointed Primary Lending Institutions for the disbursement of the funds.

Nigeria, Morocco, five other W/African Countries sign on Gas Pipeline Project

NNPCL in a series of tweets, said Nigeria's @nnpclimited, Morocco's ONHYM and the nations of Ghana, The Gambia, Guinea, Guinea Bissau & Sierra Leone, signed an MoU on the gas pipeline project

NMGP: Nigeria, Morocco, Senegal sign four MoU in Mauritania 

Those who signed the documents on behalf of their countries were the Group chief executive officer, NNPC Limited, Mallam Mele Kyari, DG-ONHYM of Morocco, Ms Amina Benkhadra; GM PETROSEN Holdings of Senegal, Adama Djallo and DG SMH of Mauritania, Tourad Abdoul Baghi. 
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Emefiele meets Tinubu at Aso Rock

Wale Edun, former Lagos Finance Commissioner; and James Faleke, a House of Reps member, were also at the villa.

Oil marketers endorse fuel subsidy removal, pledge minimal adjustments 

We once again laud President Tinubu for his bold vision and stand ready to collaborate with his administration in its effort to promote greater economic equality and prosperity for all Nigerians.

Firm unveils 20KG composite cooking gas cylinders to Nigerian Market

According to him, the 20kg LPG cylinder goes for N75,000 due to increase in foreign exchange and is also more competitive.

Allegation of illegal sale of 48m barrels of crude false, Malami insists

Recall that the minister took the same position when he first appeared before the panel on April 27, 2023 to give testimony.