Fakoyejo Olalekan

Breaking: NNPC Increases Fuel Price, Filling Stations Now Selling At N500

Kyari Says Nigerians Experiencing Fuel Scarcity Because Petrol At Wrong Locations

The Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, said the reason Nigerians are experiencing fuel scarcity is that the product is in the wrong locations. Kyari said the 2022 flood in the country disrupted the supply

February 9, 2023

Business·Markets

Stock Market Investors Pocket N69.33 billion Amid Demands For Mansard, Japaul Gold

Investors in the stock market went home with a N69.33 billion gain on Wednesday, 8 February 2023, as the equity capitalisation closed with N29.64 trillion. This means the market capitalisation rose by 0.23 per cent from Tuesday’s N29.57 trillion. The All-Share Index increased

February 8, 2023

Access Bank Obtains Central Bank of Angola’s Approval To Acquire 80% of Finibanco

Business

VIDEO: Female Student Suffers Panic Attack In Access Bank, Security Snubs Her

A female student allegedly suffered a panic attack at the Access Bank branch in Rivers State University, Port Harcourt, as Nigerians struggle to access their money from banks across the country. In a video recorded on Wednesday, 8 February 2023, by Aka

February 8, 2023

Supreme Court Favours Northern States, Suspends Old Naira Deadline

Business

Updated: Supreme Court Suspends Old Naira Deadline, Favours Northern States

The Supreme Court ruled in favour of three Northern States, Kaduna, Kogi and Zamfara on Wednesday, 8 February 2023, after they requested that the deadline to phase out old Naira notes be suspended. Prime Business Africa gathered that the Northern states had

February 8, 2023

Jigawa Residents Spend More On Petrol As Price Rises By 223.21% To N770

Business

Oil Marketers Shelve Shutdown Over Gov’t’s N195 Per Litre Fuel Price

Independent Petroleum Marketers Association of Nigeria (IPMAN) branch in Borno State has shelved the planned shutdown of operation in protest of the N195 per litre fuel price. The Nigerian National Petroleum Company (NNPC) Limited and the Major Oil Marketers Association of Nigeria

February 8, 2023

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business

New Naira Scarcity Forces 80% Of PoS Operators To Shutdown

The National Chief Aggregating Officer of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), Hussein Olanrewaju, said 80 per cent of its members have shut down as a result of the scarcity of new Naira notes. It was gathered

February 8, 2023

Business

CBN, Banks Don’t Have Infrastructure For New Naira Transition – Dakuku Peterside

The former Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dakuku Peterside, has disclosed that the Central bank of Nigeria (CBN) and the Deposit Money Banks (DMB) don’t have the infrastructure to implement the Naira redesign policy successfully. According

February 7, 2023

Buhari's 8years in Office: No Better Way To Squander Goodwill

Business

Buhari To Release N130 billion Sukuk Loan To Lawmakers

President Muhammadu Buhari will hand over N130 billion to Senate and the House of Representatives as part of the capital expenditure in the 2022 appropriation act. The N130 billion was raised from the sovereign Sukuk and presented to the Minister of Finance,

February 7, 2023

Business

CBN Failed In Duty To Manage Naira Redesign Policy – Dakuku Peterside

The former Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dakuku Peterside, said the Central Bank of Nigeria (CBN) failed in its duty to manage the transition from the old Naira to the redesigned banknotes. During a Twitter Space

February 7, 2023

Business

NACCIMA DG Says Printing N5,000 Notes Better, Faults Emefiele’s Naira Redesign Policy

The Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Sola Obadimu, has suggested that the introduction of N5,000 notes would have prevented the Naira policy debacle. Obadimu argued that if he was the Governor of the

February 7, 2023

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Fakoyejo Olalekan

Kyari Says Nigerians Experiencing Fuel Scarcity Because Petrol At Wrong Locations

Stock Market Investors Pocket N69.33 billion Amid Demands For Mansard, Japaul Gold

VIDEO: Female Student Suffers Panic Attack In Access Bank, Security Snubs Her

Updated: Supreme Court Suspends Old Naira Deadline, Favours Northern States

Oil Marketers Shelve Shutdown Over Gov’t’s N195 Per Litre Fuel Price

New Naira Scarcity Forces 80% Of PoS Operators To Shutdown

CBN, Banks Don’t Have Infrastructure For New Naira Transition – Dakuku Peterside

Buhari To Release N130 billion Sukuk Loan To Lawmakers

CBN Failed In Duty To Manage Naira Redesign Policy – Dakuku Peterside

NACCIMA DG Says Printing N5,000 Notes Better, Faults Emefiele’s Naira Redesign Policy

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