Category: Business
Banks 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 […]
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Why 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 […]
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Calabar’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 […]
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Tanker 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 […]
Continue ReadingFUEL PRICE MAY NOT COME DOWN
13 Jan 2023
When we were protesting, we were calculating only the cost of production, consisting of the cost of crude and the cost of refining. We did not realise that the ever weakening value of the Naira made this an unwinnable price war for the reason that forex was expended on importation of fuel. With this Government […]
Continue ReadingTHE LIES ABOUT THE NEW NAIRA NOTES
13 Jan 2023
There is so much ignorance in the country. Government officials and the people assume too much. Every currency issued by the CBN is legal tender. When CBN recalls any currency in circulation, it must redeem the old ones except for lost or mutilated currency. This means that that there is never a time that the […]
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Ogun: Banks violate CBN directive by stockpiling old Naira notes in ATMs
12 Jan 2023
Some commercial banks in Abeokuta, Ogun State’s capital, appear to have defied the Central Bank of Nigeria (CBN) by loading old Naira notes into their Automated Teller Machines (ATM). VisioTalks previously reported that the CBN had mandated that beginning January 9, ATMs should begin dispensing the new N200 notes as the highest denomination. However, as […]
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General Overseer MFM, Dr Daniel Olukoya becomes Professor of Biotechnology
11 Jan 2023
Mountain Top University has appointed the General Overseer of Mountain of Fire and Miracles Ministries, Dr Daniel Olukoya, as a Professor of Biotechnology. Olukoya’s appointment was made known via a statement issued by the ministry. The ministry noted that the appointment of the cleric, who is also the university’s Chancellor, was a result of the […]
Continue ReadingCBN warns commercial banks not to load old currencies into the ATMs
11 Jan 2023
Central Bank of Nigeria (CBN) urged commercial banks in the country to comply with the directive of loading the newly redesigned naira notes in their Automated Teller Machines (ATMs). CBN Director, Currency Operations, Mr Ahmed Umar, stated this in Abuja on Monday, Jan. 9. Umar, who spoke at the Training Session for State Directors, National […]
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