Business Archives - Page 38 of 46

Mar

11

2023

Naira Redesign: Kogi govt orders arrest of persons, businesses rejecting old naira notes

Business, Economy, Lifestyle, Metro, PoliticsBusiness, Economy, Metro, Next Level, Nigeria, Politics, Yahaya Bello

The Kogi State Government on Friday ordered the arrest and prosecution of individuals and businesses rejecting the old naira notes. A statement by Commissioner for Information, Kingsley Fanwo congratulated Nigerians on the “historic ruling of the Supreme Court”. The apex court last week ruled that both the old and new naira notes remain legal tenders until December 31, 2023. Fanwo explained that the Yahaya Bello administration joined other states to pursue the case to ease the hardship occasioned by the unavailability of cash. He said it was unacceptable that some persons and businesses continue to reject the old notes, even…

Feb

10

2023

By Amos Oge Kalu

Abia 2023: Limited Cash Flow Forces ACCORD to Postpone Ceremonial Campaign Flag-off

Abia State, Business, Economy, Politics2023, Abia State, Economy, Emeka Nwankpa, Money, Next Level, Nigeria

As the CBN naira-redesign policy takes its adverse toll on the economic and socio-political lives of Nigerians, the Accord Party has postponed the ceremonial campaign flag-off of Bishop Dr Emeka Nwankpa, its governorship candidate. The event, which was earlier scheduled for Saturday, 11 February, 2023, was postponed due to what the party described as the 'current prevailing circumstances' in the country. The news of the last-minute postponement was contained in a press release signed by Dr Tony Agba, the campaign Director General which reads thus: "Postponement of Bishop Emeka Nwankpa's Ceremonial Flag Off This is to inform the general public,…

Jan

29

2023

By Amos Oge Kalu

Old Naira deadline is Feb.10, deposit to continue till 17th February – CBN.

Business, Economy, Lifestyle, Metro, Politics2023, Business, CBN, Economy, Emefiele, Metro, Nigeria, Politics

The Central Bank of Nigeria has extended the deadline for the swapping of old naira notes with the redesigned ones till February 10, 2023. The CBN stated this in a release on Sunday. The apex bank said it added “a 10-day extension of the deadline from January 31, 2023, to February 10, 2023, to allow for the collection of more old notes.” This is according to the CBN governor, Godwin Emefiele. He also noted that Nigerians would still be able to deposit their old notes directly with the CBN until February 17, 2023, described as “grace period.” There has been…

Dec

22

2022

By Amos Oge Kalu

Fuel scarcity: Depots dry up, Nigerians face bleak Christmas

Business, Economy, Lifestyle, MetroDeeper Life, Economy, Fuel Scarcity, Lifestyle, Metro, Nigeria

By Okechukwu Nnodim, OpeOluwani Akintayo, Toni Ufoh, Naomi Chima, Dayo Oyewo and Mohammed Farida The queues for Premium Motor Spirit, popularly called petrol, which was gradually abating recently, suddenly re-emerged on Wednesday in many cities, including Lagos and Abuja. The development clearly shows that Nigerians face bleak Christmas as fuel scarcity has started taking a toll on motorists, who have hiked their fares. It was gathered that many depots were currently running out of the product, a development that reduced supplies from depots to retail stations across the country. In Abuja, many filling stations, particularly those of independent oil marketers,…

Dec

22

2022

By Amos Oge Kalu

Lai Mohammed says Twitter begged Nigeria to lift suspension

Business, Economy, Metro, Opinion, PoliticsEconomy, Lai Mohammed, Metro, Nigeria, Opinion, Politics, Twitter

The government of Nigeria has stated that Twitter and the country engaged in lengthy negotiations before Twitter was reinstated in the country late last year. In response to a claim by a former top Twitter official that there was no dialogue between the business and Nigeria to remove its suspension on Twitter, Minister of Information Lai Mohammed made the explanation. At a Monday morning press conference in Abuja, Mohammed said it was ridiculous to try to deny what had happened between the two sides. If you enjoy this story, please do not forget to check out our other news stories:…