THE naira was this year under so much pressure such that its value dropped to the lowest ever at around N900 to the dollar, a situation that was prompted by several factors. Aside from speculators pushing the value of the…
THE Arewa Consultative Forum (ACF) has identified a flaw in the Central Bank of Nigeria’s implementation of cash withdrawal limits (CBN). The central bank recently announced a policy limiting individual cash withdrawals from commercial banks to N20,000 per day, N100,000…
THE Managing Director, Nigerian Ports Authority, NPA, Mohammed Bello-Koko, has allayed fears by stakeholders that the emergence of Lekki Deep Sea Port may signal the death of Lagos Port Complex, LPC, and Tin Can Island Port, TCIP. Meanwhile, Chairman, Seaport…
THE newly redesigned naira notes will go into circulation on Thursday (today) with Deposit Money Banks releasing the bills to their customers via over-the-counter payments. This came about three weeks after the President, Major General Muhammadu Buhari (retd), unveiled the…
OIL marketers, on Monday, criticised the import monopoly held by the Nigerian National Petroleum Company Limited, noting that the situation was not helping the petrol market. In his presentation at a virtual press workshop themed, ‘Deregulation: Understanding the Downstream Supply…
By ABDULLAHI YAKUBU, Kano LIVESTOCKS Feeds Plc, has on Tuesday presented 100 birds (layers) to Government Girls Secondary School, Tokarawa, in Nassarawa LGA, Kano as part of the firm’s Corporate Social Responsibility. Making the disclosure after the empowerment the Human…
Invites applications for Regulatory Sandbox operation The Central Bank of Nigeria (CBN) has disbursed the sum of N9.714 trillion through various intervention funding programes across several real sector industries. According the bank’s Development Finance Department (DFD) Report made available at its…
THE farmers spoke at a skill acquisition programmes in the Karu area of Nasarawa State, noting that more rural dwellers agriculturists and residents should be assisted to get computer literacy skills for their overall socio-economic development. Across section of farmers…
ACCORDING to the World Bank, since 2015, when Major General Muhammadu Buhari (retd.) was initially elected as President, the nation’s development has slowed down. Nigeria did well between 2001 and 2014, with an average growth of 7%, and was in…
THE Central Bank of Nigeria (CBN) yesterday insisted on the N100,000 withdrawal limit for individuals adding that the policy was introduced in 2012. The bank has succeeded in convincing the Senate Committee on Banking, Insurance and other Financial Institutions of…
