Category: Business
CBN introduce their own debit card
22 Jan 2023
The apex bank of Nigeria, CBN has introduced a national domestic card scheme to facilitate financial inclusion and grow Nigeria’s payment system which would take effect from January 16, 2023. No information has been provided regarding the procurement cost and operational charges, however, Nigerians as of Monday, January 16, will start receiving a new electronic […]
Continue ReadingNNPC increases fuel price to N194/litre
22 Jan 2023
The Nigerian National Petroleum Company (NNPC) Limited yesterday increased the pump price of Premium Motor Spirit (PMS) at its filling stations to N194 per litre from N179 per litre. This came after weeks of petrol scarcity resurfaced across the country as long fuel queues erupted at many filling stations. Though no official notice was seen, […]
Continue ReadingNaira redesign: CBN announces cash swap across 774 LGAs
21 Jan 2023
The Central of Nigeria, CBN, has initiated a cash-swap programme across the 774 local government areas of the country as part of its implementation of the Naira redesign policy . The initiative between CBN, Deposits Money Banks, DMBs, and Super Agents would commence on January 23 2023, to exchange the new naira notes with old […]
Continue ReadingNew naira notes: Governors set up committee to work with CBN
21 Jan 2023
The Nigerian Governor’s Forum (NGF) has set up a six-member committee to engage the Central Bank of Nigeria (CBN) to address anomalies in the country’s monetary management and financial system. The forum disclosed this in a communique issued on Saturday at the end of its virtual meeting held with the CBN Governor, Mr Godwin Emefiele, […]
Continue ReadingBanks are stockpiling new Naira notes ahead of the elections next month – Shehu Sani
21 Jan 2023
Senator Shehu Sani, a former lawmaker, has claimed that banks are stockpiling redesigned Naira notes for politicians in the February elections. The scarcity of new notes has sparked outrage across the country, as banks continue to accept old notes despite the approaching deadline. The Central Bank of Nigeria, which had previously directed that the old […]
Continue ReadingBanks to be fined N1 million per day for failing to collect new Naira notes – CBN
21 Jan 2023
According to the Central Bank of Nigeria (CBN), any commercial bank that fails to pick up the new naira notes for distribution will be fined N1 million per day. Adeleke Adelokun, a deputy director at the CBN, made the announcement on Friday, January 20, during a sensitization program with traders on the new Naira notes […]
Continue ReadingWhy we are upgrading Abia college of education to varsity- Provost
18 Jan 2023
Provost, Abia State College of Education Arochukwu, Dr Philip Nto, has explained that part of the plans to upgrade the institution to a university of education was to boost students’ enrollment which, according to him, is grossly inadequate. The Provost who made the explanation at a press conference after conducting newsmen round the on-going projects […]
Continue ReadingCalabar’s business community demands attention from the incoming C’River government
16 Jan 2023
Business owners in Cross River State bemoaned the state’s slowing economic growth and said that recent government policies and inattention have caused them to suffer large losses. At the Town Hall Meeting for the Calabar Business and Community Initiative, which was attended by the PDP candidate for governor, they voiced their grievances. The organizer of […]
Continue ReadingTanker drivers reopen the Zaria-Kano road after negotiations
14 Jan 2023
Highway tanker drivers reopened the Zaria-Kano Federal Road on Saturday. Tanker drivers had blocked the Zaria-Kano route in protest over the suspected assassination of one of their members. However, after a series of conversations with security agents, the protesting drivers agreed to reopen the route on Saturday morning. Lawal Garba, the State Acting Sector Commander […]
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