Why the new naira note leaves ink when rubbed on white surfaces- MINT

09 Jan 2023

The Nigerian Security Printing and Minting (NSPM) Plc also called MINT, Friday, explained why the new Naira notes leave ink when rubbed on plain white surfaces while stressing that best international best practice was followed in their production. The company, also referred to as The MINT, is responsible for producing the naira, Nigeria’s currency. In […]

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Covenant University Chancellor set to construct Faculties of Law and Medicine

09 Jan 2023

The Chancellor, Covenant University, Dr David Oyedepo, has announced that the University is set to commence the construction of the facilities for Law and Medicine programmes. The Chancellor made this known while responding to a passionate plea by the President of the Nigerian Bar Association, Mr. Yakubu Maikyau at the University’s 17th Convocation Ceremony on […]

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CBN bans over-the-counter withdrawal of new notes

08 Jan 2023

The Central Bank of Nigeria has ordered Deposit Money Banks not to pay customers making over-the-counter withdrawals of new naira notes again. Instead, the apex bank directed the banks to load their Automated Teller Machines with only new notes to ensure that the currency circulates across the nation ahead of the January 31, 2023 deadline […]

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FG issues a deadline to operators for naming oil well owners

07 Jan 2023

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given all lease and license holders in the country’s oil and gas industry a seven-day deadline to reveal the true owners of their businesses. NUPRC Chief Executive Gbenga Komolafe signed the order on Thursday.  He emphasized that the commission would collaborate with interested parties to put the […]

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NMDPRA seals 13 Filling Stations in Akwa Ibom

07 Jan 2023

THE Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has sealed a total of 13 filling stations in Akwa Ibom State for dispensing petrol above the approved pump price. The team lead, Distribution Systems Storage and Retailing Infrastructure, Mr Joy Koro made this known while fielding questions from newsmen during monitoring and surveillance exercise carried […]

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Gtb suspends international transactions on Naira cards

04 Jan 2023

Guaranty Trust Bank has announced that its naira cards will no longer be used for international transactions starting December 31 This means customers using the GTBank mastercard can no longer use their naira debit cards to pay for transactions originated in foreign currency. Nigerian Banks had in March reduced their monthly international spending limit on […]

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Port Harcourt fuel queues resurface as a litre costs N300

30 Dec 2022

The capital of Rivers State, Port Harcourt, is once again experiencing fuel queues. The majority of gas stations are not dispensing fuel as the product’s scarcity intensifies.  The few gas stations that have been put into operation charge between N290 and N300 per liter.  According to a representative of the Independent Petroleum Marketers Association of […]

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Kaduna Electric confirms six fatalities in Zaria following power outage

28 Dec 2022

Six fatalities from a power surge last week have been confirmed by Kaduna Electric management on Tuesday.  A high electric voltage caused the burning of a city resident’s home and the deaths of 10 people.  In contrast to some reports, six people died as a result of the incident, the company’s head of corporate communication, […]

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N-power beneficiaries threaten to go on strike

25 Dec 2022

Beneficiaries of the N-Power Batch C2 have threatened to embark on a nationwide strike over the non-payment of their allowances for three months. Some of the beneficiaries urged the Nigerian government to pay their stipends to enable them to buy food for Christmas and New Year celebrations. “It is shameful and extremely painful our government […]

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