Business Archives - Page 38 of 46

Mar

26

2023

CBN Clears Air On Suspending OPAY & PALMPAY Accounts

Business, Economy, MetroBusiness, CBN, Economy, Metro, Money, Nigeria

The Central Bank of Nigeria (CBN) has debunked claims going around that it has suspended accounts of some Fintech companies like OPAY and PALMPAY. The apex bank in reaction to the reports described it as fake news. The Acting Director of Corporate Communications of CBN, Isa AbdulMumin, on Friday, March 24, 2023, in Abuja described the viral news as “simply fake’’. The report which was credited to AbdulMumin claimed that the CBN was about to suspend accounts of the Fintech companies because they were being used to perpetrate fraud. The viral news partly read, “Please if you are using OPAY,…

Mar

25

2023

By Amos Oge Kalu

Soludo, Okonjo-Iweala, best appointments I made as President – Obasanjo

Business, Economy, Metro, Opinion, PoliticsEconomy, Metro, Next Level, Nigeria, Obasanjo, Opinion, Politics

Former President Olusegun Obasanjo on Saturday recalled his relationship with Governor Chukwuma Soludo of Anambra State and current Director General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala as his appointees. He said they about the best appointments he made while he was President. The former Nigerian leader also condemned the “persistent” discrimination against people of southeastern extraction, which he describes as Igbophobia. Obasanjo spoke at an event to commemorate Governor Soludo’s one year in office. In Obasanjo’s administration which spanned 1999 to 2007, Soludo served as the Governor of the Central Bank of Nigeria (CBN), while Okonjo-Iweala was the…

Mar

18

2023

By Amos Oge Kalu

EFCC busts Canadian VISA fraudster in Abuja

Business, Lifestyle, Metro, PoliticsAbuja, Crime, DSS/EFCC, Metro, Nigeria

The Economic and Financial Crimes Commission, EFCC, on Friday arrested a suspected visa fraudster, Enock Ogungbamigbe. City Round gathered that the suspect specialized in defrauding Nigerians desperate to migrate to Canada either to work or continue their education through fake visas and job offers. The 32-year-old, who owns a garden in Mpape, a suburb of Abuja, was picked up at the Transcorp Hotel, Abuja, by operatives of the anti-graft agency when he responded to an appointment to procure a visa for an applicant intending to migrate to Canada. Unknown to him, that it was bait. The EFCC’s Director of Media and…

Mar

11

2023

By Amos Oge Kalu

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,…