Category: Business
FUEL 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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Only 1,850 out of the 16,000 that applied will be given admission- LASUSTECH VC
11 Jan 2023
14,150 of the 16,000 candidates that applied for admission into the Lagos State University of Science and Technology (LASUSTECH), Ikorodu, will not be able to achieve the dream. The Vice-Chancellor of LASUSTECH, Prof. Olumuyiwa Odusanya, said on Tuesday that the institution planned to admit 1,850 pioneer students out of the 16,000 candidates that applied for […]
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Buying petrol for N300 per litres is not bad- Timipre Sylva
11 Jan 2023
Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva, has explained that the current pump price of petrol across states is not too bad when other factors causing the hike are carefully considered. The minister, who was addressing a press in Abuja on Monday, said he will not feel bad about buying petrol at N300 […]
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AEDC bemoans Abuja’s ongoing equipment vandalism
10 Jan 2023
The Abuja Electrical Distribution Company (AEDC) is appalled by the ongoing vandalism to its property in Abuja. AEDC also bemoaned the theft of a $5 million underground power wire in the region, which prevented it from providing its services. Donald Etim, the Chief Marketing Officer of AEDC, explained in a statement that recently, 185 meters […]
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CBN cash withdrawal limit starts today
10 Jan 2023
The Central Bank of Nigeria’s policy on restriction on daily cash withdrawal takes off across the country today, Monday, January 9. The maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations is N500,000 and N5 million, respectively. Individuals or organisations that have a compelling need to withdraw above the approved […]
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