BUSINESS
Fake Naira Notes In Circulation, CBN Warns Nigerians
The Central Bank of Nigeria(CBN) has warned Nigerians to be wary of counterfeit naira notes in circulation amid reports of currency shortage in the country. In a statement released on Friday titled ‘Beware of Counterfeit Naira Banknotes in Circulation,’ the apex bank advised Deposit Money Banks, Financial Houses, Bureau de Change, and the public to be vigilant and implement necessary...
BREAKING: Abia Hits 1bn Naira In Monthly IGR As Ikpeazu Says Payment Of Workers Not A Problem
Abia State has met her target of hitting the N1bn mark in her internally generated revenue drive for the month of January 2020 thereby significantly raising her revenue profile while also paying the new minimum wage agreed by the Federal Government and Labour to its civil servants without any rancour or hesitation. This much was stated by the State’s Commissioner...
US Call For Fresh Probe Of Adesina, Plot To Destabilise AfDB
The call by the United States, US government for a fresh and in-depth investigation into the allegations against the President of African Development Bank, AfDB Mr Akinwumi Adesina, after he was cleared of all allegations of impropriety and fraud by the ethics committee recently, is seen as a plan to destabilise the bank. On May 5, the ethics committee...
VP Shettima Summons Lokpobiri, Mele Kyari, Ribadu Over Petrol Price Hike
Vice President Kashim Shettima has summoned the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, and Group Managing Director of Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari. Also summoned on Thursday at the Presidential Villa is the National Security Adviser, Nuhu Ribadu over the recent hike in the price of Premium Motor Spirit (PMS), popularly known as...
Constant Collapse Of National Grid Embarrassing — Atiku
Presidential candidate of the Peoples Democratic Party (PDP) in the 2023 general elections, Atiku Abubakar, said on Wednesday that the recent total National Grid Collapse is too much for the Nigerian people to bear, saying it is becoming embarrassing...
Relocation: CBN Headquarters Presently Overpopulated – Cardoso
The Central Bank Governor, Olayemi Cardoso, said the CBN’s planned relocation of departments and personnel to other branches was a response to the current “overpopulation” at the headquarters. Cardoso stated this in an interview with Arise Television on Monday. The CBN governor said the process was normal for any vibrant entity like a central bank. According to him, the move was to...
Government Agencies Agree To End Fuel Scarcity
Federal Government agencies and petroleum marketers have undertaken to end the crippling shortage of petrol across the country that has seen pump prices hit N285 per litre. Speaking after a meeting at the Nigerian National Petroleum Company Limited, Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, in Abuja on Thursday, the operators said the depots would work for 24 hours...
Tinubu Appoints Adedeji Acting Chairman Of FIRS
President Bola Tinubu has appointed Zacch Adedeji as the acting chairman of the Federal Inland Revenue Services (FIRS). Until his recent appointment, Adedeji was formerly the special adviser to Tinubu on revenue. He was a former Commissioner of Finance during the administration of later Governor of Oyo State, Abiola Ajimobi. Adedeji, a certified accountant who hails from the Iwo-Ate area of Ogo-Oluwa...
Buhari Jets Out To Portugal, To Take Part In UN Ocean Conference
President Muhammadu Buhari will on Tuesday, June 28, depart Abuja on a State Visit to Portugal at the invitation of President Marcelo Rebelo de Sousa. The President, who will hold official talks with his Portuguese counterpart will be conferred with ...
CBN Imposes N1.35bn Fine On 9 Banks Over ATM Cash Dispensing Failures
Nine banks were fined N1.35 billion by the Central Bank of Nigeria (CBN) yesterday for not allowing Naira notes to be used at automated teller machines (ATMs) during the Yuletide season. According to the apex bank, the fines were imposed on the banks to demonstrate zero tolerance for cash flow disruptions. Each bank was fined ¦150 million for non-compliance, in line...
