Data from the Central Bank of Nigeria (CBN) has revealed that the currency in circulation hit about N2.76 trillion as of September 2023. The new threshold represents a 14.5% decline yearly from the N3.23 trillion reported in September last year.
The current amount in circulation is highest in 2023 According to CBN,
currency in circulation refers to physical cash, including paper notes and coins, used for transactions between consumers and businesses in a country.
President Bola Tinubu, vice president Kashim Shettima and the APC have closed their defence against the Labour Party and Peter Obi Wole Olanipekun, the lawyer to Tinubu and Shettima, announced the closure of the defence after calling a witness Olanipekun called the Senate majority leader, Michael Opeyemi Bamidele, who testified that Peter Obi was not […]
The Chief of Staff to President Bola Ahmed Tinubu and former Speaker of the House of Representatives, Rt. Hon. Femi Gbajabiamila on Thursday delivered a Ministerial list to the Senate. Gbajabiamila was led into the red Chamber at exactly 1.19 pm by the Sergeant-At-Arms after a point of Order was raised by the Senate Leader […]
The burgeoning economic partnership between Nigeria and Germany witnessed further expansion and strengthening yesterday as two important agreements were signed among businesses from both countries. Speaking at the 10th German-Nigerian Business Forum in Berlin, Germany, President Bola Tinubu said with resilient democracy, Nigeria was well primed to attract foreign direct investments. The President witnessed the signing […]