BUSINESS
How Orji Kalu’s N3m Loan Revived My Hope, Made Me A Millionaire — Chijioke Mba
Interest-free loans disbursed to Nigerians by the Senator representing Abia North, Dr. Orji Uzor Kalu through his foundation, Orji Uzor Kalu Foundation is yielding good fruits as a recipient tells his story. Chijioke Mba, a native of Ohafia in Abia North Senatorial zone, but resides in Aba, said that the Orji Uzor Kalu’s loan has benefited his business. Mba said he...
Petrol To Cost N410 Without Subsidy, Says NNPC
Without the current subsidy on petrol, the actual importation and retail cost would be at N410 per litre as market conditions take price to thrice of N170 pump price, said the Group Chief Executive Officer of NNPC Limited, Mele Kyari. ABN TV reported on Tuesday that marketers are pushing for over N200/l as some stations in Abuja city centre sold...
Omoniyi Bows Out As ANAN FCT 1 Chairman
After two years of fruitful sojourn as the chairman of Association of National Accountants of Nigeria, ANAN FCT 1 Abuja branch, Wahab Shina Omoniyi on Saturday officially took his exit. He handed over mantle of leadership to his successor, Shavah Elisha Andrew who emerged through a virtual electioneering exercise at Merit House Maitama Abuja. Elected at the peak of COVID-19 in...
Naira Redesign: Nigerians Will Fill Uncountable Forms To Withdraw Large Amounts – CBN Governor, Emefiele
Godwin Emefiele, the Governor of the Central Bank of Nigeria, CBN has said the apex bank will henceforth take cashless policy seriously, noting that people will fill countless forms and provide their data before they can withdraw large amounts. Emefiele also said the redesign of the N200, N500, and N1,000 notes was not targeted at any individual or group of...
CBN’s New Policy Limits Cash Withdrawal To N100,000, N500,000 For Individual, Corporate Account Holders Per Week
Nigeria's apex bank, Central Bank of Nigeria, CBN on Tuesday announced a new policy which mandates commercial banks other financial institutions to ensure that individual and corporate account holders do not withdraw above N100, 000 and N500, 000, respectively, per week. Individuals will only be able to withdraw N100,000 per week (from over the counter, Point of Sale Machines or...
Cash Withdrawal Limit: We’re Concerned About CBN Policy — Senate
Senators have expressed reservations over the new policy of the Central Bank of Nigeria (CBN) on cash withdrawals. The apex bank, under the new withdrawal policy, restricted the maximum cash withdrawal over the counter (OTC) by individuals and corporate organisations per week to N100,000 and N500,000 respectively. The Senate Minority Leader Phillip Aduda (PDP, FCT) had, during Wednesday’s plenary called the...
No Going Back On Cashless Policy – CBN Governor, Emefiele
Godwin Emefiele, Governor of the Central Bank of Nigeria, CBN has ruled the possibility of reversing the ongoing implementation of the cashless policy. The House of Representatives at Thursday plenary asked the CBN Governor to suspend implementation of the policy pending the outcome of the expected engagement on the compliance with the relevant sections of the CBN act and the 1999 constitution on the...
Banks Reconfigure ATMs As New Naira Notes Circulation Commences Today
The newly redesigned 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 President Muhammadu Buhari unveiled the new bills at a weekly Federal Executive Council meeting in Aso Rock Villa. The President unveiled the redesigned notes across the N200, N500, and N1,000...
FAAC Shares N902billion To FG, States And LGs
The Federation Account Allocation Committee (FAAC) has shared a total sum of N902.053 billion in November 2022 Federation Account Revenue to the Federal Government, States, and Local Government Councils. This was contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting, in Abuja, last night, The N902.053 billion total distributable revenue comprised distributable statutory...
Africa IP SME Helpdesk: Promoting Economic Growth In Europe, Africa
The Africa IP SME Helpdesk is established to advance mutual cooperation between EU SMEs and African countries in matters of trade. The Helpdesk’s main objective is to contribute to sustainable development and economic growth in Africa while fostering new economic frontiers for EU businesses. Inaugurated in Rome on October 21, 2021 during the EU-Africa SME Summit, the Helpdesk works with...
