Cashless Policy: CBN Insists On N100, 000 Withdrawal
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…
Why Nigeria’s Best Place To Invest In Africa — Osinbajo
NIGERIA is the best, most natural destination for investment in Africa and the Socialist Republic of Vietnam can leverage the cherished friendship with Nigeria to gain entry to the vast Nigerian and African markets, says Vice President Yemi Osinbajo, SAN…
TotalEnergies, NNPCL empower 20 youths in agribusiness
ENERGY giants, TotalEnergies and the Nigerian National Petroleum Company Limited have trained 20 young Nigerians on agro-business operations, equipping them with starter packs to manage their own businesses. The starter pack which included a sealing…
LP Mulls N80,000 To N100,000 Minimum Wage For Civil Servants
The Labour Party (LP) Deputy National Chairman, Ayo Olorufemi, has said the party would implement a minimum wage of N80,000-N100,000 if it wins next year’s presidential election. According to Hobnob News Nigeria,on Thursday, Olorufemi said the LP is…
Petrol Scarcity: Marketers Defy FG, Hike Pump Price To N280/litre
THREE days after the Federal Government denied that it planned to hike the pump price of petrol, independent marketers have raised their price to N280 per litre. Checks on petrol situations in Abuja on Saturday morning showed that while NNPC Retail…
Weak Export Drags Down Nigeria’s Trade Balance By 86%
NIGERIA has recorded a negative trade balance quarter-on-quarter, QoQ, as export declined by 19.8 percent to N5.93 trillion in the third quarter of 2022, Q3’22, from N7.4 trillion in Q2’22, while import bill rose 4.2 percent to N5.66 trillion from N5.43…
Buhari charges new ECOWAS Management to complete on-going reforms
President Muhammadu Buhari has called on the new management team of ECOWAS Commission, led by Dr Omar Alieu Toure, to complete the review and harmonisation of ongoing reforms to strengthen the regional body. President Buhari made the call on Sunday in…
Naira Depreciation Adds N9tn To Foreign Debt Burden
as local currency weakens by 53%, external debt rises by 288% •Nigeria needs strong, productive economy, say economists The value of naira to dollar fell from N196.92 in June 2015 to N414.72 in June 2022, worsening Nigeria’s foreign debt burden. Within…
Zenith Bank Emerges “Bank Of The Year, Nigeria” In The Banker Awards 2022
Zenith Bank Plc has emerged as Bank of the Year in Nigeria in The Banker’s Bank of the Year Awards 2022. The award, which was announced by The Banker Magazine, Financial Times Group, United Kingdom, during the awards ceremony held in London on December…
CBN spends $11.42bn In 7 Months To Defend Naira
THE Central Bank of Nigeria (CBN) has spent a total of $11.42 billion in ensuring exchange rate stability at the authorised currency windows between January and July 2022, a +6.23 per cent rise from $10.75 billion in the corresponding period of 2021.…