The Central Bank of Nigeria has directed that old 200,500 and 1000 naira notes remain in circulation till December 31 2023. In a circular signed by the acting director corporate communications, Isa Abdulmumin, the apex bank said the directive was in the spirit of compliance with court directives.

President Muhammadu Buhari has appealed to Nigeria s to give him seven days to resolve the cash crisis occasioned by the currency redesign. Addressing the progressive governors forum who were at the presidential villa to seek solutions to the cash crunch which according to them is denting the image of the administration,the president gave assurance… Continue reading Currency Redesign: President Buhari Appeals for Seven Days to Resolve _Ada Nkong

Following public outcry about the scarcity of new notes and the difficulty in transacting business occasioned by rejection of old notes, the CBN says it has obtained approval of the president to extend the deadline for old notes to 10 February 2023. In a statement signed by the CBN governor,Godwin Emefiele, on Sunday 29 January… Continue reading CBN Extends Deadline for Swapping of Old Notes_Ada Nkong

The Managing Director of NIGSHINE INDUSTRY LTD, Ugochukwu Madumene has raised alarm over plans by the Managing Director of GAOXI ONG, Chen Xiao Meng to use some Nigerian security agents to surbvert court orders. Mr. Madumere said that there is incontrovertible evidence that Meng has perfected plans to go with some security officers to break… Continue reading Do Not allow yourselves to be used to subvert rule of law – Madumere cautions security officers _Ada Nkong

The need to make use of professional Accounting if businesses are to grow has been emphasized. The CEO Jeevdegenie ,Mr Eugene Ehiabhi made this known in an interaction with our correspondent. Mr Ehiabhi who lamented the fact that most businesses crumble because they do not use proper accounting methods to keep track of their finances… Continue reading Professional Accounting : A Tool for Business Growth_Ada Nkong