NLC had met with a delegation of the Federal Government led by former Edo State Governor Adams Oshiomhole, but the meeting ended in a deadlock. Senator Ali Ndume (APC-Borno South) has revealed what President Bola Tinubu must do to stop…
New petrol price list surfaces following the scrapping of fuel subsidy. According to the price listing, the price of petrol will now be between ₦488 and ₦557, depending on the location. Recall that on May 29, President Tinubu during his…
Elon Musk has lost his crown as the world’s richest person, after further falls in the value of shares in his electric car company Tesla. Forbes and Bloomberg, which track the wealth of billionaires, reported that Musk had lost the…
Vice President Yemi Osinbajo yesterday launched a $618 million programme for young Nigerians in the technology and creative sectors. He urged governments across Africa and the private sector to render more support for the growth of innovation in the continent.…
The Governor of Anambra State, Prof Charles Soludo confirmed on Monday that the Central Bank of Nigeria has asked commercial banks to dispense and accept old naira notes as deposits. Soludo, a former CBN governor, made this known in a…
Osun State Governor, Ademola Adeleke has revealed that the state lost billions of Naira that should have been earned as Internally Generated Revenue (IGR) to illegal miners. He alleged that the past administration of Adegboyega Oyetola wasted resources in the…
The Federation Account Allocation Committee, FAAC, at its meeting, shared a total sum of N750.174 billion to the three tiers of government as Federation Allocation for January 2023. The total quoted sum includes Gross Statutory Revenue, Value Added Tax, VAT,…
An official of Access Bank has disclosed that the bank on Monday started receiving the old N500 and N1000 notes from customers who have filled out the Central Bank of Nigeria form for a cash swap. The Head Media Relations…
For weeks, there has been chaos in Nigeria’s micro and macroeconomic sectors as commercial banks, business owners and Nigerians continued to count their revenue losses owing to the untamed naira crisis. The pain of Naira scarcity has been on the…
An existential threat is facing petty traders and transporters as cash crunch bites harder in Nigeria. This is as most consumers now prefer to patronise malls, established transport companies and other corporate businesses than going to the open market squares,…
The Dean of the Faculty of Agricultural, University of Ibadan, Professor Stella Olabode has enjoined federal and state governments to equip and expose farmers, students and youths who are interested in agriculture to modern technology. Olabode, who spoke on Friday,…
• Small money, great value: itel teams up with Airtel for deal of the year. By now, you must have heard about the all-exciting launch of the itel A60 by foremost smartphone makers, itel, and I am sure you also…
Niger State Governor Abubakar Sani Bello has presented cheques to the tune of N17 million to 12 traders affected by the fire incident in New Bussa, Borgu Local Government Area. Bello presented the chaques to beneficiaries at the Palace of…
As the effects of the current cash crunch bite harder, Nigerians have called on the Central Bank of Nigeria (CBN) to prevail on commercial banks to dispense N100 and N50 notes to Nigerians. They made the call in separate interviews…
Despite the Supreme Court order extending the deadline for old Naira notes to remain in circulation, businesses and other economic activities are still suffering a setback as the cash crunch continues to ravage the nation. It was reports that the…
Traders, taxi drivers, shoe shiners, bus drivers and artisans in Kaduna and its environs on Saturday called on the Central Bank Governor, Godwin Emefiele to urgently release the lower denominations of the nation’s currency for their businesses to return to…
The association said the petrol scarcity is due to challenges faced by marketers in procuring the commodity. The Independent Petroleum Marketers Association of Nigeria (IPMAN) has talked about the fuel scarcity scorching Nigerians. IPMAN says the petrol supply shortage in…
The apex bank also pledged to stop Point of Sale charges as the February 10 deadline for the swapping of old naira notes with new ones approaches. Godwin Emefiele, the Governor of the Central Bank of Nigeria, has sent out…
Dangote Industries Limited (DIL) has signed an agreement with China Sinoma International Engineering to build a six million tons per annum cement plant in Itori, Ogun State. The agreement was signed by the Chairman of Dangote Cement Plc, Aliko Dangote…
The Coalition of South East Youth Leaders, COSEYL, has called on the Central Bank of Nigeria, CBN, to ensure the availability of the new redesigned Naira notes across the country to ease businesses. Our correspondent reports that several businesses, particularly…