Economy Archives - Page 54 of 69

Dec

09

2022

DSS gives dealers 48 hours to stop Fuel scarcity or face FG’s wrath

Business, Economy, Metro, News, OpinionBusiness, DSS/EFCC, Economy, Fuel Scarcity, Metro, Next Level, Nigeria, Opinion

Angered by the lingering petrol scarcity in the country, the Department of State Services (DSS) has ordered all the entities in Nigeria involved in the distribution process to make petrol available to Nigerians at the official rate or face the wrath of the government. This was the decision arrived at between the security agency and all the stakeholders in the petrol supply chain at the end of a strategic meeting at the DSS headquarters in Abuja on Thursday. The Spokesman for the DSS, Dr.Peter Afunanya, told journalists at the end of the meeting that the agency would take steps to…

Dec

09

2022

By Amos Oge Kalu

Reps summon Emefiele, order CBN to suspend cash withdrawal policy

Economy, NewsCBN, Economy, Emefiele, eNaira, Next Level, Nigeria, Politics, Representatives

…summon Emefiele for an explanation Thursday next week …angry over the new cashless policy …may prevail on the apex bank to reverse the decision Angry with the N100,000 weekly cash withdrawal limits recently set by the Central Bank of Nigeria (CBN) and its attendant economic and social challenges, the House of Representatives at Thursday plenary asked the Governor, Mr. Godwin Emefiele to suspend implementation of the policy. Emefiele was asked to cause an appearance Thursday next week to explain to the House the impact and significance of the new policy. The suspension is to last pending the outcome of the…

Dec

09

2022

By Amos Oge Kalu

Taraba Campaign: Peter Obi Promises To Bring Prosperity, End Poverty

Economy, Lifestyle, Metro, News, Opinion, Politics2023, Economy, Metro, Next Level, Nigeria, Opinion, Peter Obi, Politics

Presidential candidate of the Labour Party, Mr Peter Obi, has promised to utilise the human and natural resources in Taraba State to bring prosperity to the state and end poverty. Obi, who stated this at the Jolly Nyame Stadium in Jalingo on Wednesday in continuation of his nationwide campaign, promised to change the fortunes of the state and Nigeria in general if given the mandate to rule the country come 2023. According to him, “I will make Taraba an economic hub and a tourist centre for Nigeria. The untapped mineral resources and the Mambilla Hydro is enough to transform the…

Dec

09

2022

By Amos Oge Kalu

Atiku, Okowa vow to stabilize economy, unite Nigeria

Economy, Opinion, Politics2023, Atiku Abubakar, Economy, Next Level, Nigeria, Opinion, Politics

Presidential candidate of the People’s Democratic Party, PDP, Atiku Abubakar, and his running mate, Governor Ifeanyi Okowa have restated their commitment to stabilize the economy and unite Nigeria. The PDP candidates assured Nigerians while addressing thousands of supporters at the Nelson Mandela Freedom Park in Osogbo on Wednesday when the party’s presidential campaign rallied for support in Osun state. Recall that residents of Osun are still in a celebratory mood following the recent inauguration of Senator Ademola Adeleke as the 6th governor of the state. Atiku, while addressing party members during a town hall meeting ahead of the campaign rally,…

Dec

07

2022

By Amos Oge Kalu

Experts say Cash withdrawals, ATMs limits heavy blow on looters, kidnappers, others

Business, Economy, Metro, Opinion, PoliticsBoko Haram, Crime, Economy, Metro, Nigeria, Opinion, Politics, Security

Economic experts have said that the Central of Nigeria, CBN, revised policy on cash withdrawals is a heavy blow to looters of government funds, kidnappers, and fraudsters. A breakdown of CBN’s revised guidelines on the practical implementation of the naira redesign policy stated that starting from 9th January 2022, Automated Teller Machines, ATM/ Point of Sales, and POS withdrawals would be limited to N20,000 Per Day. The notification also disclosed that Automated Teller Machines, ATM, will dispense N200 and downward denominations, and defaulters of maximum deposit limit will have to pay 5 percent and 10 percent, respectively, as charges. It…