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Economy

It’s always about the economy, stupid…

Economy

Public Debt Crisis: Nigeria’s Debt Reaches Alarming N46.25 Trillion

Wires Editor | The Trent -
Nigeria’s total public debt stock increased to N46.25 trillion or $103.11 billion as of December 2022, the Debt Management Office, DMO, disclosed on Thursday,...
Economy

PENGASSAN Forecasts Petrol Price of N360-N400 Per Litre After Subsidy Removal

Inah Emmanuel | News Reporter -
ABUJA, NIGERIA - The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) predicts that the price of Premium Motor Spirit (PMS), also...
Economy

Cash Shortages To End As Emefiele Personally Supervises CBN’s Cash Distribution

Inah Emmanuel | News Reporter -
The Central Bank of Nigeria (CBN) has announced a coordinated effort to ease the circulation of banknotes of various denominations across the country. The CBN...
Economy

From Trillions to Billions: Currency in Circulation Takes a Dive, CBN Reports

Wires Editor | The Trent -
Nigeria’s Currency in Circulation, CIC, dipped by 235.03 percent to 982.09 Billion at the end of February 2023 from 3.29 trillion announced by the...
Economy

Banks Draw the Line: N20,000 Over-the-Counter Limit for Customers

Wires Editor | The Trent -
Many Nigerians heaved a sigh of relief on Tuesday, March 14, 2023, as banks started paying the old N200, N500 and N1,000 notes to...
Economy

Despite Supreme Court Ruling, Nigerians Continue Rejecting Old N500, N1000 Notes

News Agency of Nigeria -
Business owners, traders, and transporters in the Federal Capital Territory, Abuja, are defying the Central Bank of Nigeria’s directive on accepting old N500 and...
Economy

Nigerians In Pain As POS Operators Charge Exorbitant Fees For Cash Withdrawals

Wires Editor | The Trent -
Following the new naira notes swap policy by the Central Bank of Nigeria, CBN, Point of Sales, POS, operators have resorted to exploiting Nigerians. Prior...
Economy

Customers Lament As Banks’ ATM Dispense Only N5000, N2000 In Akwa Ibom

Wires Editor | The Trent -
Banks’ customers in Akwa Ibom State have lamented the hardship they go through in order to withdraw money as most commercial banks’ Automated Teller...
Economy

Kaduna Grapples with Pump Price Hike Amidst Scarcity as Transport Costs Soar

Wires Editor | The Trent -
Following the increase in the pump price of fuel from N179/per litre to N194/litre, fuel scarcity has persisted in Kaduna and its metropolis. Several filling...
Economy

CBN Threatens Commercial Bank Against Dispensing Old Naira

Wires Editor | The Trent -
The Central Bank of Nigeria, CBN, has warned of consequences for commercial banks found to be stocking their Automated Teller Machines, ATM, with old...
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