BANKS have reduced the volume of new naira notes they dispense to customers per cash withdrawal by about 50 per cent leading to increased anxiety over the January 31st deadline when the old notes will cease to be legal tender.…
…as ICT quarterly revenue grows to N418bn THE President, Major General Muhammadu Buhari (retd.), on Tuesday, said the auctioning of the 5G spectrum alone generated $547m. He also lauded the contributions of the digital economy in driving growth, creating employment…
MARITIME Workers Union of Nigeria, MWUN, yesterday called the Federal Government to compel the International Oil Companies, IOCs, to obey the Marine Notice 106 of 2014 and allow stevedoring companies to deploy Dockworkers into their platforms to avoid industrial unrest.…
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…
