Economy/Business - News Agency Of Nigeria

Anguish, frustration trail ATMs failure to dispense Naira notes

On: January 28, 2023

By Lydia Ngwakwe Barely four days to the expiration of the old naira notes deadline, many Automated Teller Machines (ATMs) in major parts of Lagos do not dispense either the old notes or the new naira notes, leaving customers stranded. The situation is further compounded by theContinue Reading

Dangote, Techno Oil CEO, others bag vanguard awards

By: Salisu Sani Idris

On: January 28, 2023

In: Economy/Business

By Rukayat Moisemhe/ Mariam Akande Alhaji Aliko Dangote, President, Dangote Group, Mrs Nkechi Obi, Chief Executive Officer, Techno Oil and 25 others have bagged the Vanguard Newspaper awards under various categories. The News Agency of Nigeria (NAN) reports that the awards were presented at the 11th edition of the VanguardContinue Reading

Economy: SMEDAN recommits to support entrepreneurship development

By: isaac aregbesola

On: January 28, 2023

In: Economy/Business

By Thompson Yamput The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says its renewed commitment to support entrepreneurship is aimed at boosting the national economy. Mr Olawale Fasanya, the Director-General of the agency, made this known at the closing ceremony of a training for 80 Women onContinue Reading

Cooking gas price increased by 27% in one year – NBS

By: Vivian Ihechu

On: January 27, 2023

In: Economy/Business

By Okeoghene Akubuike The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas increased from N3,594.81 in December 2021 to N4,565.56 in December 2022. This is contained in the Bureau’s “Cooking Gas Price Watch’’ for December 2022 released on Friday in Abuja. TheContinue Reading

NIA optimistic of Presidential accent to 2020 Consolidated Insurance Bill

By: Vivian Ihechu

On: January 27, 2023

In: Economy/Business

By Rukayat Adeyemi The Nigerian Insurers Association (NIA) on Friday expressed optimism that President Muhammadu Buhari would accent to the 2020 Consolidated Insurance Bill before the tenure of the Ninth National Assembly ends. Mr Olusegun Omosehin, NIA Chairman, said this at a news conference in Lagos. Omosehin expressed relief thatContinue Reading

Tincan Customs command generates N574.3bn revenue in 2022

By: Lilian Okoro

On: January 27, 2023

In: Economy/Business

By Chiazo Ogbolu The Nigeria Customs Service (NCS), Tincan Island Port Command, has generated a revenue of N574.3 billion in 2022. The Custom Area Controller (CAC), Tincan Island Port Command, Comptroller Olakunle Oloyede, disclosed this at a news conference on Friday in Lagos. Oloyede said the figure representedContinue Reading

Anxiety as traders, others reject old Naira notes

By: Lilian Okoro

On: January 27, 2023

In: Economy/Business

Anxiety as traders, others reject old Naira notes By Cecilia John Some residents of the Federal Capital Territory (FCT), have expressed worry as traders and Point of Sale (PoS) operators are rejecting old Naira notes. The residents, who spoke to the News Agency of Nigeria (NAN) on Friday,Continue Reading

CBN, NIBSS launch ‘AfriGo’, Nigeria’s first National Domestic Card Scheme

By: Folashade Adeniran

On: January 26, 2023

In: Economy/Business

National Domestic Card, AfriGo By Funmilola Gboteku The Central Bank of Nigeria (CBN) says it has collaborated with the Nigerian Inter-Bank Settlement Systems (NIBSS) to launch the National Domestic Card Scheme, ‘AfriGo’, to transform the Nigerian payment system. The Governor of the CBN, Godwin Emefiele, madeContinue Reading

UK cuts tariffs on Nigerian exports

By: Vivian Ihechu

On: January 26, 2023

In: Economy/Business

By Oladele Eniola The UK government on Wednesday said it had cut tariffs and extended duty free trade in goods exported from Nigeria Mr Ben Llewellyn-Jones, Deputy British High Commissioner to Nigeria said this at the launch of the Developing Countries Trading Scheme (DCTS) which took place at EkoContinue Reading

CBN refutes scarcity of new naira notes

By: Rabi'u Sani Ali

On: January 25, 2023

In: Economy/Business

By Polycarp Auta The Central Bank of Nigeria (CBN) has denied scarcity of the new naira notes as alleged by some Nigerians. The CBN Governor, Godwin Emefiele, represented by Musa Jimoh, Director, Payment System Management Department of the bank, dismissed the allegation at a news conference on in Jos. ”TheContinue Reading

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