BUSINESS
Nigeria Secures $163m Loan From AfDB To Scale Up Wheat Production — Shettima
The Federal Government has obtained a loan worth one hundred and sixty-three million dollars from the African Development Bank (AfDB) to scale up wheat production in the country. The vice president, Kashim Shettima, disclosed this in Argungu, Kebbi State where he paid a condolence visit to the Argungu Emirate, state government, and the family of a renowned Islamic cleric, Sheikh...
First Indigenous Chartered Accountant In Nigeria, Akintola Williams Dies At 104
The doyen of the accounting profession, Pa Akintola Williams, has passed away at the age of 104 years old. The foremost accountant celebrated his 104th birthday on August 9. Pa Williams is reputedly the first Sub-Saharan African to become a chartered accountant after he passed the qualifying examination of the Institute of Chartered Accountants of England and Wales (ICAEW) in 1949. The...
Come Back Home, Tinubu Begs Nigerians In US
President Bola Tinubu has encouraged Nigerians in the U.S. to rise above failure by having a change of mindset for success in all their endeavours in life. Tinubu gave the advice at the Presidential Townhall Meeting with Nigerians in the diaspora on Wednesday in New York. The News Agency of Nigeria (NAN) reports that the Townhall Meeting was organised by the...
How Senate Confirmed Cardoso As CBN Governor, 4 Deputies
The Senate has confirmed the appointment of Yemi Cardoso as the Central Bank of Nigeria (CBN) governor and four others as deputy governors of the apex bank. They were confirmed on Tuesday following a screening by the upper legislative body. The deputy governors who were confirmed are Emem Nnana Usoro, Muhammad Sani Abdullahi Dattijo, Philip Ikeazor, and Bala Bello. “The nomination of...
Fuel Subsidy Removal: Give Tinubu More Time To Address Hardship, Gov. Sani Begs Nigerians
Amid the pain caused by the fuel subsidy removal, Governor Uba Sani has pleaded with Nigerians to be patient with President Bola Tinubu’s government. He made the call on Thursday when he was featured on Channels Television’s Politics Today. According to him, the President and the governors are taking preventative measures and adopting an approach to lessen the impact of...
President Tinubu Increases Minimum Wage To Cushion Effects Of Fuel Subsidy
President Bola Tinubu has announced a N25,000 wage award to low grade workers in the civil service, as part of measures to cushion the impact of the fuel subsidy removal policy. Tinubu made the pledge on Sunday, October 1, as part of his Independence Day Broadcast to the nation, where he noted that the salary increase will last for a...
Petrol Price Increased To N626.21 In September — NBS Report
The National Bureau of Statistics (NBS) has reported that the average retail price of a litre of petrol increased from N191.65 in September 2022 to N626.21 in September 2023. This information was provided in the Petrol Price Watch for September 2023, released in Abuja on Saturday. According to the NBS, the September 2023 price of N626.21 represents a 226.75 per cent...
Reps To Investigate High Flight Cost, Poor Service In Aviation Sector
The House of Representatives yesterday mandated its committee on aviation to investigate the hike in international flight fares and poor service delivery by foreign airlines operating in Nigeria. This, it said , was to curb unwholesome practices by airlines and ensure that flight fares were at par with that of neighbouring countries. It also called on the ministries of interior and...
Old, New Naira Notes Remain Legal Tender, Says CBN
Central Bank of Nigeria, CBN, Wednesday said that all banknotes (old, and new) remain legal tender. The apex bank was reacting to news of insufficient funds, and rejection of old notes in some parts of the country. The bank on its Twitter platform now X Platform, said: “For the avoidance of doubt, while reiterating that there are sufficient banknotes across the...
Old Naira Notes To Remain Legal Tender Indefinitely — CBN
The Central Bank of Nigeria (CBN) says the old N200, N500, and N1,000 notes are to remain legal tender indefinitely. While new currency notes were introduced last year with the old ones set to cease as legal tender, the apex bank on Tuesday extended “the legal tender status deadline of the old design of N200, N500 and N1,000 denominations, ad...
