DMO: Nigeria’s Total Debt Figure Will Hits 77 trillion if…
Nigeria’s total debt figure will jump to 77 trillion if the National Assembly reconsiders President Muhammadu Buhari’s request for N22.7 trillion ‘Ways and Means’ loan. The Director General of the Debt Management Office, Patience Oniha disclosed this on Wednesday during the public presentation of the 2023 budget by the Ministry of Finance, Budget and Planning. […]
Naira Redesign: 13 Days After Rollout Of New Notes, See What Nigerians Are Experiencing at the ATMs Machine
Thirteen days after the release of the newly redesigned N200, N500 and N1,000 notes and with 34 days before the old notes will no longer be legal tender in the country, Automated Teller Machines (ATMs) in Lagos are yet to commence dispensing the new notes. LEADERSHIP findings across parts of Lagos, showed that, most ATMs, during […]
Again Naira Depreciates, Exchanges at 456.50 To Dollar
The Naira on Friday exchanged at 456.50 to the dollar at the Investors and Exporters window. The figure represented a decrease of 0.05 per cent, compared with N456.25 it exchanged to the Dollar on Thursday. The open indicative rate closed at N451.38 to the dollar on Friday. An exchange rate of N452 to the dollar […]
Pictorial Explainer: CBN Reveal How To Identify Fake New Naira Notes
Central Bank of Nigeria, has released details and position of the security features in the new naira notes. Do not fall victim of counterfeiters. Beware ! Current series of N200, N500 and N1000 notes remain legal tender until the deadline of January 31, 2023 Kindly check the picture below;
Businesses You Can Start This Festive Season
The festive period is already upon us and if you’re like me, you’re have already made your holiday plans for this Christmas and New Year season. Ofcourse, one of things that will stand in your way of enjoying your plans to the fullest is when you can’t financially fund your plans. Am I saying you […]
NNPC Reduces Fuel Depot Price to N148 to End Scarcity
The NNPC, on Wednesday fixed N148 per litre as the price for lifting petrol at depots. The Nigerian National Petroleum Company Limited (NNPCL) also agreed to supply outstanding stock to independent oil marketers, to end product shortage. This came as the independent marketers said they had been lifting the product from private depots at about […]
JCI Ibadan Releases Grant Application Procedures, Set To Award Oyo State Entrepreneurs
The Junior Chamber International is set to hold the 4th Sina Adegunle Business Summit and Sina Adegunle Business Plan Competition, it also calls for application from entrepreneur within Oyo State to apply. The event, which was earlier launched in 2020 by Junior Chamber International, Ibadan with the aim of facilitating a robust structural programme in […]
CBN: New naira notes enters circulation today
The newly rdesigned 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 new bills at a weekly Federal Executive Council meeting in Aso Rock Villa. The President unveiled the redesigned […]
We can’t sell fuel at N170 per litre – IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has explained why they can’t sell fuel at N170 per litre. IPMAN said the scarcity of fuel leading to queues at filling stations came as the independent marketers have been lifting the product from private depots at about N200 per litre. Reason why it’s impossible for them […]
1.4 million PoS operators may lose jobs – Bank Agents Association boss
The National President, Association of Mobile Money and Bank Agents in Nigeria, Victor Olojo, speaks to JOSEPHINE OGUNDEJI on the impact of the recent Central Bank of Nigeria’s cash withdrawal policy imposed on point of sale terminal operators. How would you describe the new CBN policy which has reduced cash withdrawal limits across all channels? […]