Economy Archives - Page 45 of 69

Jul

15

2023

WEMA Bank: Your Naira Card Is Now Your Global Passport!

Business, Economy, SponsoredBusiness, Economy, eNaira, Wema Bank

Hello Customer, It’s time to enjoy seamless transactions and make purchases internationally.You can now use your Naira cards, including Mastercard, ALAT Mastercard, and Visa, for international spending. For your international transactions, you can enjoy up to $500 per month. Here’s what you need to know: Expanded Possibilities: The Naira card allows you the freedom to make international purchases, explore international online stores, and buy from your favourite international brands. You know what? The world is now at your fingertips! Monthly Limit: To provide you with enhanced security and control, there is a $500 monthly spending limit for international transactions. This…

Jul

06

2023

By Amos Oge Kalu

Abia to join the TSA in September – Otti

Abia State, Amos Oge Kalu, Business, Economy, Lifestyle, PoliticsAbia State, Alex Otti, Business, Comr Amos Kalu, Economy, Lifestyle, Nigeria, Opinion

By Comr Amos Kalu By September of this year, according to Abia State Governor Alex Otti, his Abia state would switch to a treasury single account. The information was released in a statement made on Thursday using his verified Twitter account. Otti noted that the effort will increase openness and efficiency and that it will consolidate all government payments and revenue. Dr Alex Ihuoma Otti - Executive Governor of Abia State Otti urged state stakeholders to accept the change because "it is in the best interest of Abia and its people," adding that it will reduce fraud, streamline tax payments,…

Jun

28

2023

By Amos Oge Kalu

Subsidies Removal: World Bank estimates that more than 7 million Nigerians may fall into extreme poverty.

Economy, Lifestyle, Metro, News, OpinionEconomy, Fuel Scarcity, Lifestyle, Metro, Next Level, Nigeria

If the federal government doesn't offer temporary solutions after fuel subsidies are eliminated amid the current economic difficulties, at least 7.1 million Nigerians could fall into extreme poverty. This information was released by the World Bank on Tuesday in Abuja in the Nigeria Development Update for June 2023. President Bola Ahmed Tinubu implemented some economic policies upon taking office, including the elimination of fuel subsidies and the unification of the foreign exchange window, which increased the cost of transportation as well as the prices of goods and services. Insecure households will lose at least 5,700 in monthly income if no…

Jun

22

2023

By Kalu Odinakachi

Ohanaeze to Tinubu: “Seme border reopening, end of chokehold on Igbo businesses”

Business, Economy, Metro, News, OpinionBusiness, Economy, Metro, Nigeria, Ohanaeze Ndigbo, Opinion

In his efforts to improve the lives of many Nigerians, a group of the Ohanaeze Ndigbo Worldwide applauded President Bola Tinubu for reopening the Seme border for the importation of vehicles and urged for more encouraging government initiatives. Ohanaeze said that the decision to reopen the Seme land border marked the end of a period in which Igbo firms in Nigeria were politically and economically stifled. The organization's Secretary-General, Mazi Okechukwu Isiguzoro, said that the choice would promote economic growth. Igbos anticipate increased infrastructure development in the Southeast, according to a statement by Isiguzoro. Isiguzoro declared: "Ndigbo appreciates such promising…

Jun

21

2023

By Amos Oge Kalu

High Court reserves ruling on Emefiele’s bail application

Economy, Lifestyle, PoliticsCBN, Court, Economy, Emefiele, Nigeria, Politics

The High Court of the Federal Capital Territory sitting in Abuja has reserved its ruling in the bail application of the suspended Governor of the Central Bank of Nigeria, Godwin Emefiele, to July 13, 2023. The presiding judge, Justice Hamza Muazu, gave the order after hearing the arguments of all parties in the matter. Emefiele, through his counsel, is challenging his detention by the Department of State Services (DSS) and the denial of access to members of his family and counsel. Counsel to both DSS and the Office of the Attorney General of the Federation opposed the bail application of…