Category: Business
Naira scarcity: Beggars lament decline in almsgiving
09 Feb 2023
Beggars in Dutse have lamented the decline in almsgiving caused by the scarcity of new naira notes. While speaking with reporters in Dutse, the state capital, some of the beggars expressed their concern. Before the new naira policy, Malam Sani, one of the beggars on Kiyawa road in Dutse, said he used to get enough […]
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FEC approves the contract for the Oloibiri Museum and Research Centre
09 Feb 2023
The Federal Government, through the Federal Executive Council, has approved the award of the Phase 1 engineering, procurement, and construction contract for the Oloibiri Museum & Research Centre (OMRC) in Bayelsa State’s Ogbia Local Government Area. President Muhammadu Buhari presided over the FEC meeting on Wednesday, which approved the scope of work, which included a […]
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Food shortage hit Kaduna as a result of fuel scarcity, and new naira notes linger
09 Feb 2023
Residents of Kaduna State have warned of impending hunger as a result of fuel scarcity and the introduction of new notes, which have disrupted the state’s food supply chain. Several business owners who sell food and ingredients have reduced their supplies due to a lack of cash and fuel. Mrs. Rhoda Usman, who sells foods […]
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Naira Scarcity: Bank Customers Cook and Eat Noodles While Waiting To Withdraw Cash From An Abia Bank ATM
09 Feb 2023
Bank customers made noodles while other residents waited in line at the bank’s automated teller machines, which four men could be seen eating in turns. In a viral video, customers of Guaranty Trust Bank (GTB) are seen cooking and eating noodles while waiting in line to withdraw money from one of the bank’s branches in […]
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Youth in Abuja protest against the order of the supreme court to ban use of old notes
09 Feb 2023
Some youths in Abuja on Wednesday protested the exparte order of the Supreme Court temporarily halting the move by the Federal Government to ban the use of the old naira notes beyond February 10, 2023 The protesters, who converged on the headquarters of the Central Bank of Nigeria and the office of the Attorney-General of […]
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‘One person shot’ as Ogun residents protest and vandalize banks
08 Feb 2023
Residents of Abeokuta, Ogun state’s capital, have taken to the streets to protest the continued scarcity of petrol and naira notes. The Central Bank of Nigeria (CBN) announced plans to redesign the N200, N500, and N1,000 notes in 2022, and asked Nigerians to deposit their old notes before January 31, 2023, when they would no […]
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Naira Scarcity: Bankers Flee Angry Customers Through Back Fence in Viral Video
08 Feb 2023
Delta State bankers took turns scaling the bank fence to flee attacks after customers demonstrated their willingness to violently protest naira scarcity and the failure to facilitate over-the-counter and electronic cash withdrawals. A viral video, believed to have been shot in Delta State, South-South Nigeria, shows many bank employees attempting to scale the back fence […]
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Fuel shortage: NNPC begins direct supply to IPMAN
08 Feb 2023
To alleviate scarcity, the Nigerian National Petroleum Company Limited (NNPCL) has allocated petrol directly to marketers. The disclosure was made on Tuesday by the Independent Petroleum Marketers Association of Nigeria (IPMAN). The order was issued after a closed-door meeting of both parties, according to President Chinedu Okoronkwo. IPMAN members agreed to load gasoline at NIPCO, […]
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Petroleum marketers order a nationwide shutdown
08 Feb 2023
The Independent Petroleum Marketers Association of Nigeria, IPMAN, has directed its members to halt all operations across the country. This was stated in a statement signed by IPMAN Chairman Mohammed Kuluwu on Tuesday. He attributed the situation to “the critical situation as it affects our sourcing and selling of product at a loss, as well […]
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