Category: Business
Nigerian government approves a new trade union, Online Transport Workers
25 Jan 2023
The Nigerian government has granted the Amalgamated Union of App-Based Transport Workers of Nigeria a letter of approval (AUATWON). Chris Ngige, Minister of Labour and Employment, made the presentation on Tuesday in Abuja. All app-based transportation workers, online transportation services, and e-hailing drivers and operators are included in the new union. Ngige described the registration […]
Continue ReadingNAHCO ends strike
25 Jan 2023
Workers of the Nigerian Aviation Handling Company Plc (NAHCO), have called off the industrial strike they embarked upon in the early hours of Monday. This follows a communique signed by management of the company, unions’ representatives and regulatory agencies, in which it was resolved that the workers call off the action and resume work immediately. […]
Continue ReadingNYSC plans to use E-Naira for corps members
24 Jan 2023
The National Youth Service Corps, or NYSC, is planning to incorporate the E-Naira into the scheme. The NYSC will work with the Central Bank of Nigeria, CBN, to make internet money available to corps members. The platform would allow the scheme to accept payments with no risk. Habib Yusuf, CBN Deputy Director, Information Technology, announced […]
Continue ReadingJAMB registers 92,490 candidates for 2023 Examination
24 Jan 2023
Joint Admissions and Matriculation Board (JAMB) says it has registered 92, 490 candidates to sit for the 2023 Unified Tertiary Matriculation Examination (UTME). JAMB said that 67, 328 candidates had so far registered to sit for its mock examination. The board made this known in its Weekly Bulletin from the Office of the Registrar on […]
Continue ReadingCBN appeals to Akwa Ibom residents to return old currencies
23 Jan 2023
THE Central Bank of Nigeria, CBN, has made further appealed to Akwa Ibom state residents to return the old notes of N1000, N500, and N200 to the banks before January 31, 2023 when they would be phased out of circulation completely. The Deputy director of CBN, Mr. Dominic Ekanemesang, made the appeal on Sunday when […]
Continue ReadingCBN 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, […]
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