The Central Bank of Nigeria (CBN), Bauchi State, says it allocates N30 million new naira notes daily to each branch of banks in the state to increase access of customers to the new notes. Mr Abdulkadir Jibrin, an official of the apex bank, said this while monitoring banks in...
BUSINESS
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has urged the Federal Government to revoke licences of oil marketers selling above approved pump price of Premium Motor Spirit (PMS). PENGASSAN said the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) should immediately mobilise its staff in...
The Board of Directors of the United Bank for Africa Plc (UBA) has appointed Mrs Abiola Bawuah as the Chief Executive Officer (CEO) of the bank. The bank announced the appointment in a statement on Monday, adding that Bawuah would also join the Group Board as an Executive Director,...
Mixed reactions have trailed the Central Bank of Nigeria (CBN) extension of the deadline for collection of old naira notes by 10 days. Some Nigerians who spoke in separate interviews with the News Agency of Nigeria (NAN) on Sunday in Lagos, commended the CBN for the extension, while others...
Some Nigerians have expressed relief as the Central Bank of Nigeria (CBN) announced a 10-day extension to the Jan. 31 deadline to change their old Naira notes. The News Agency of Nigeria (NAN) reports that the extension was announced on Sunday by the CBN Governor Mr Godwin Emefiele in...
Many Nigerians say the current hike in the prices of imported vehicles popularly known as “Tokunbo” have affected their desire to own cars. They said this in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday. They attributed the increase in Customs duties on imported...
By TOM CHIAHEMEN, Abuja – Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has disclosed that the on-going swapping of currency to new notes in the country has so far achieved a success rate of 75% of the N2.7trillion held outside the banking system. He said in...
By JOY ADARA, Abuja – Nigeria Export Processing Zones Authority (NEPZA) says it has agreed with Ekiti State Government on two-week deadline to submit technical report on the proposed “Knowledge and Technology Free Trade Zone’’. The Head of Corporate Communications, NEPZA, Dr. Martins Odeh disclosed this in a statement...
Barely three days to Jan. 31 deadline for old naira exchange, the Central Bank of Nigeria (CBN) has engaged 200 agents to fast track its cash swap policy in Jigawa. The CBN on Monday embarked on currency swap programme in rural communities as part of plans to phase out...
Alhaji Aliko Dangote, President, Dangote Group, Mrs Nkechi Obi, Chief Executive Officer, Techno Oil and 25 others have bagged the Vanguard Newspaper awards under various categories. The News Agency of Nigeria (NAN) reports that the awards were presented at the 11th edition of the Vanguard Personality of the Year...
Revenue generation is very critical to the survival of a country or otherwise all over the world. It is non-debatable that most poor countries of the world are poor because they have a problem of revenue. To fix the problem of revenue generation in most developing and emerging markets,...
Some Point of Sale (PoS) operators in satellite towns of the Federal Capital Territory (FCT) are making brisk business with the new naira notes. The News Agency of Nigeria (NAN) reports that the Central Bank of Nigeria (CBN0 has fixed Jan. 31 as the deadline for the use of...
The Central Bank of Nigeria (CBN) has begun a cash swap policy in Bayelsa, through agents, to distribute the newly-redesigned naira notes to rural communities. The News Agency of Nigeria (NAN) reports that the CBN recently made arrangements with super agents, as well as mobile money operators to swap...
Operators of Commercial Banks in the country have countered the Central Bank of Nigeria (CBN) over claims that the commercial banks have enough naira notes in their kitty but hoarding them. The banks countered the CBN when their officials appeared before the House of Representatives ad hoc committee investigating...
Employment is essential to every adult who have needs and responsibility to cater for. It is what makes one self-reliant and help reduce or completely eradicate poverty in the society. Skill acquisition is the art of learning to do something in order to earn a living and or to survive. There...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Thursday, unveiled an African Central Bank led National Domestic Card Scheme (AfriGO) to address local peculiarities. At the event, which was monitored virtually, Emefiele said the new card would be accessible to all Nigerians and is expected...
The Central Bank of Nigeria (CBN) says it has collaborated with the Nigerian Inter-Bank Settlement Systems (NIBSS) to launch the National Domestic Card Scheme ‘AfriGo’ to transform the Nigerian payment system. The Governor of the CBN, Godwin Emefiele made this known on Thursday at a virtual launch of the...
The Central Bank of Nigeria (CBN) has denied scarcity of the new naira notes as alleged by some Nigerians. The CBN Governor, Godwin Emefiele, represented by Musa Jimoh, Director, Payment System Management Department of the bank, denied the allegation in a news conference on in Jos. ”The CBN has...
The Federal Government says it will be hosting a team of investors from Saudi Arabia in March to explore areas of business and investments benefit between both countries. The Minister of Information and Culture, Alhaji Lai Mohammed said this on Wednesday in Abuja when he briefed newsmen on the...