BUSINESS
Delta Assembly Approves Gov. Oborevwori’s N40b Loan Request To Clear Retirees’ Pensions
Delta State House of Assembly has approved a loan request of N40 billion for Governor Sheriff Oborevwori to defray accumulated arrears of pensions owed to retired primary school teachers and local government employees in the state. The approval is one of the first legislative actions of the first session of the 8th Assembly presided over by the Speaker, Dennis Emomotimi...
CBN Sets N50k Daily Limit On Contactless Payments
Contactless payments are a safe and convenient way to conduct transactions between payment devices such as pre-paid, debit, and credit cards, key fobs, mobile electronic devices, and wearable gadgets. It employs near-field communication (NFC) technology, allowing customers to conduct a transaction by just tapping or waving their payment device near the terminal. In order to stimulate innovation in the area, the...
Ikpeazu Trains Over 350 Youths, Women In Entrepreneurship, Doles Out N2.4 Million
No fewer than 400 youths and Women in Onitsha North and South of Anambra State have been trained in entrepreneurial skills to be employers of labour, attracted by Hon. Lynda Chuba Ikpeazu. The participants after the training on how to produce Bleach, Dettol, Izal, Liquid soap, Car wash, Shambo, Vasiline, Aftershave and insecticide received certificates and the sum of N60,000...
It’s Time To Pay Workers Living Wage In Line With Current Realities, Says Reps Speaker Abass
Speaker of the House of Representatives, Tajudeen Abass, has advocated a review of salaries for workers in the country. Abass said this in a statement by his Special Adviser on Media and Publicity, Musa Abdullahi Krishi, in Abuja on Monday. He said it was imperative to take a look at what an average worker would need to be paid as salary...
Electricity Distribution Companies Announces Price Hike From July 1
Electricity Distribution Companies have stated that tariff will increase from July 1, 2023. In statements sent to respective consumers on Sunday night, the DisCos stated that the review was due to the fluctuation of the naira in the exchange rate market. This statements which were worded in similar fashion included that of Abuja DisCo, Eko DisCo and Ikeja Disco. “Effective July 1st...
We’ll Offer Tinubu Assistance In Nigeria’s Agric, Power Sectors, AfDB Assures
The African Development Bank has assured President Bola Tinubu that the Bank will support his efforts and vision in improving the agriculture and power sectors in Nigeria. The President of the AfDB, Akinwumi Adesina, disclosed this after a meeting with President Bola Tinubu on the sidelines of the New Global Financing Pact summit hosted by the French President, Emmanuel Macron,...
CBN Makes Social Media Handle Mandatory KYC Requirements For Bank Customers
The Central Bank of Nigeria (CBN) has issued its Customer Due Diligence Regulations 2023, which apply to financial firms that fall within its regulatory ambit, as it takes a firm stance against financial crime. The Central Bank of Nigeria's latest step aims to improve compliance with anti-money laundering (AML) and counter-terrorism financing (CFT) legislation while harmonizing with worldwide best practices. The...
I Trained My Ears, Hands To Detect Car Faults – Blind Mechanic
Murtala Shuaibu, a blind mechanic is one of the rare persons in the world today who can cling to their aims and principles despite the fog of disability. The sight-challenged technician, who is from Agbede in Edo State's Estako West Local Government Area, has been repairing cars for almost 30 years. Many inhabitants of Tugamaji, a town on the Gwagwalada Expressway...
Beyonce Donates £8,000 To Nigerian Business In London
Award-winning American singer, Beyoncé Giselle Knowles-Carter, popularly known as Beyonce, has donated £8,000 to a struggling Nigerian restaurant in North London. Chuku’s, the restaurant in Tottenham run by brother and sister duo Emeka and Ifeyinwa Frederik, was at risk of closure due to rising energy bills. The siblings were one of 10 winners to receive a grant from the music superstar. As...
FG Approves Seme Border Reopening For Vehicle Importation
Director of Road Transport in the Ministry of Transportation, Ibrahim Musa, yesterday, disclosed that the Federal Government has approved the re-opening of the Seme border for the importation of vehicles. Speaking at the Economic Community of West African States, ECOWAS, meeting, organised between officials of Nigeria and Benin, Musa said the development followed complaints by freight forwarders operating at the...
