Bank customers in Benin, have decried scarcity of the new Naira notes at Automated Teller Machines (ATMs) as well as Point of Sales (POS). The News Agency of Nigeria (NAN) recalls that the Central Bank of Nigeria CBN), had announced Jan. 31, 2023 as deadline for the use as...
BUSINESS
Nigerian traders in Adamawa State have stopped business transactions with the old Naira notes of N1,000, N500 and N200 ahead of the official deadline of Jan. 31. Some of the traders confirmed this to the News Agency of Nigeria (NAN) on Wednesday in Yola. They expressed difficulties in getting...
The Nigeria Deposit Insurance Corporation (NDIC) has called on depositors of Unyogba Microfinance Bank in-liquidation to come forward for their verification and payment of their insured deposits. The corporation on its Twitter handle on Wednesday said the bank was located in Kogi. The NDIC said the exercise would commence...
Dr Mohammed Abubakar, Minister of Agriculture and Rural Development says cashew nuts export from NIgeria had generated over 250m dollars in 2022 and it is expected to fetch Nigerian farmers about $500million in 2023 . Represented by Dr Ernest Umakhihe, Permanent Secretary of the Ministry, Abubakar said this during...
…Spends N40.7m to train Youths in Automobile Maintenance By THOMAS AKASE, Makurdi – The Benue State Governor, Samuel Ortom has presented official vehicles to the 23 Deputy Chairmen of Local Government Councils in the state. Similarly, the Governor also presented start-up kits to 43 youths of the state trained...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has said that no Nigerian is licensed to build bank vaults at home. The CBN governor, who spoke after the apex bank’s Monetary Policy Committee (MPC) meeting in Abuja on Tuesday, also said there is no going back...
The Mafab Telecommunication Company has launched the Fifth Generation (5G) network and unveiled its logo in Abuja. The launch was held at the International Conference Centre, on Tuesday in Abuja. The Chairman of Mafab, Dr Mushabu Bashir, in his speech said the launch had added another chapter in its...
Against projections by some experts, the Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) has increased the monetary policy rate by 100 basis points to 17.5 per cent. This is contained in a communiqué issued at the end of the first MPC meeting in 2023, in Abuja...
Airtel Nigeria, a telecommunications company, on Tuesday announced the launch of an eSIM (embedded SIM), a digital SIM that enables customers to access same functionality as using a physical SIM. Airtel made this known in a statement made available to the News Agency of Nigeria (NAN). NAN reports that...
As the Central Bank of Nigeria (CBN) holds its first Monetary Policy Committee (MPC) meeting on Monday, some financial experts have suggested retention of current policy rates. Speaking in separate interviews with the News Agency of Nigeria (NAN), they said that such policy stance would allow for market stability...
By OFFOR CALLISTUS, Abuja – The Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission, NCC, Prof. Umar Garba Danbatta was at the weekend in Lagos, decorated with an Award of Exemplary Leadership in Public Service. The award was conferred on Danbatta at the 12th Anniversary...
The Federal Competition, Consumer Protection Commission, (FCCPC) on Sunday said that complaints on Nigeria’s aviation Industry ranked third in the list of those it received in 2022. Dr Adams Abdullahu, Director of Operations, FCCPC, said this in a statement made available to the News Agency of Nigeria (NAN) in...
By OLA MUDOPE, Lagos – Dana Airline has introduced promo fares to encourage more online booking on its website. The Corporate Communication Officer of Dana Airline, Mr Kingsley Ezenwa, disclosed this in a statement issued on Sunday in Lagos. According to the statement, customers who book their tickets through...
The Association of Bureaux De Change Operators of Nigeria (ABCON), says that the naira redesign policy of the CBN has fuelled the stability of the naira at the parallel market. Alhaji Aminu Gwadabe, President ABCON, stated this in an interview with the News Agency of Nigeria (NAN) on Sunday...
Some bank customers have decried scarcity of the redesigned N1,000, N500 and N200 notes in Deposit Money Banks (DMBs) and Other Financial Institutions (OFIs). This is coming barely nine days to the Jan. 31 deadline to stop the use of the old notes of the redesigned denominations as legal...
By BARBARA KALU, Port Harcourt – Director-General of the Bureau of Public Procurement (BPP), Mr. Manman Ahmadu, has advised the Niger Delta Development Commission (NDDC), to always uphold professionalism in its procurement processes. Speaking on the topic: “Essentials of Public Procurement,” at the NDDC Board and Management Retreat at...
If there’s anything that scares Nigerians in diaspora more, it is buying properties back home in Nigeria. Why? Many Nigerians in diaspora have a lot to say about their awful experiences dealing with people when it comes to buying properties. Some have made an unflinching decision never to attempt...
By PATRICK ABANG, Calabar – The Central Bank of Nigeria (CBN) has threatened to sanction erring banks who are still dispensing old naira notes through the Automated Teller Machine (ATM). The CBN Branch Controller in Cross River State, Ms. Glory Iniunam gave the warning in Calabar during a sensitization...
The Centra Bank of Nigeria (CBN) says that banks would work on Saturdays to receive the old Naira notes from customers. Mr Kama Ukpai, Leader of the CBN team to Ebonyi on new Naira notes, disclosed this on Friday during its enlightenment campaign on traders at the Eke Market,...
The Central Bank of Nigeria (CBN) has advised market traders and business operators in Kwara to embrace use of Point of Sale (POS) machines for transaction to beat the old Naira notes submission deadline rush. The CBN, Ilorin Branch Controller, Mr Najim Lamidi, gave the advice at the Day...