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SACHOL: BPE explains inability to pay ex-workers’ N1.8b benefits

The Bureau of Public Enterprises has said, all entreaties to the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, to ensure the release of the funds for the payment of N1.8 billion severance packages to the ex-staff of the Skypower Aviation Handling Company Limited has proved abortive. The Bureau’s Director for Post Transaction […]

agencyreport
31st October 2022
1 Comment
274 Views

Oil and Gas

NUPENG threatens strike in Lagos over tanker drivers’ safety

The Nigeria Union of Petroleum and Natural Gas Workers has threatened to withdraw the services of its members in the Petroleum Tanker Drivers in Lagos State from midnight of November 6. The union stated its position in a letter it addressed and sent to the Lagos State Governor, Babajide Sanwo-Olu. The letter was titled: “Criminal […]

aadelekepdnlimited-com
31st October 2022
0 Comments
191 Views

Banking

Naira redesign: CBN has my approval, Buhari clarifies

The President, Major General Muhammadu Buhari (retd), has confirmed that the Central Bank of Nigeria has his approval to redesign the naira notes. AMBusiness reported that the apex bank announced that the N100, N200, N500, and N1000 notes will be redesigned as the Nigerian currency battles its worst devaluation in recent years. This publication also […]

agencyreport
30th October 2022
0 Comments
224 Views

Nigerians bought petrol N191.65 per litre September- NBS

Oil and Gas Uncategorized

Why fuel subsidies should be removed – IEA

The International Energy Agency has cautioned against fuel subsidies, especially in developing nations like Nigeria where the use of energy resources is significant. According to the IEA’s October 2022 World Energy Outlook, wasteful fossil fuel subsidies are a major roadblock to a more sustainable future. Even while it is morally right to protect society’s most […]

jonuorahpdnlimited-com
30th October 2022
0 Comments
348 Views

Ukraine: Russia lost only 8.5% of Western firms, says report

News

Russia suspends participation in Ukraine grain deal

Moscow on Saturday suspended its participation in a landmark agreement that allowed vital grain exports from Ukraine, blaming drone attacks on Russian ships in Crimea. Russia made the announcement after its army accused Kyiv earlier Saturday of a “massive” drone attack on its Black Sea fleet, which Ukraine labelled a “false pretext” and the UN […]

agencyreport
30th October 2022
2 Comments
228 Views

News

New naira: CBN doesn’t need your approval, Moghalu knocks finance minister

A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, on Saturday told the Minister of Finance, Budget and National Planning, Zainab Ahmed, that the CBN owes her no information regarding the planned redesign of Naira notes by the apex bank. AM Business had reported that Zainab on Friday said that her ministry […]

oamudipepdnlimited-com
29th October 2022
3 Comments
224 Views

New naira'll make ransom payment difficult - CBN

News

New naira: We followed due process, says CBN

The Central Bank of Nigeria has insisted that it followed due process with their plan to re-design the N100, N200, N500, and N1,000 banknotes. AM BUSINESS had on Wednesday reported that the CBN Governor, Godwin Emefiele announced that the bank would release re-designed naira notes by December 15, 2022. However in another twist, the […]

oamudipepdnlimited-com
29th October 2022
1 Comment
237 Views

Aviation

Terror alert: British Airways cancels London-Abuja flights

British Airways has called off flights scheduled to land in the Nnamdi Azikiwe International Airport, Abuja, from London, in the early hours of Saturday, days after foreign embassies issued terror alerts. Daily Trust reported that a BA83 flight from London-Heathrow to Lagos was abruptly redirected to the Abuja airport. The lack of appropriate notification infuriated passengers […]

jonuorahpdnlimited-com
29th October 2022
3 Comments
201 Views

News

CBN didn’t consult FG on new naira notes – Minister

The Federal Government has stated that is had prior knowledge about the Central Bank of Nigeria plan to redesign the N100, N200, N500 and N1000 naira notes. According to Vanguard, the Minister of Finance, Budget and National Planning , Zainab Ahmad, stated that if done, the move would cause great consequences for the nation and […]

oamudipepdnlimited-com
29th October 2022
0 Comments
195 Views

News

Moghalu backs CBN to redesign naira notes

Former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has expressed support for the decision of the Central Bank of Nigeria to redesign the Naira. The former presidential candidate gave his reasons via a series of tweets on his verified Twitter handle on Friday. Moghalu explained that the decision of the apex banking […]

oamudipepdnlimited-com
28th October 2022
0 Comments
243 Views

News

Game store halts operations in Nigeria

Popular South African giant discount retail company, Game, has announced it’s exiting Nigeria by December 25, 2022. This was disclosed in a letter signed by the Vice President of Merchandise at Game, Neville Hatfield, dated October 26, 2022. As seen in the letter, the company noted that it had notified its business partners about the […]

sadeniyipdnlimited-com
28th October 2022
0 Comments
301 Views

News

Naira falls N777 against dollar after CBN announcement

The Naira reportedly crashed to N775 against the dollar a few days after the Central Bank of Nigeria revealed its plan to redesign the Naira. AMBusiness on Wednesday reported that the CBN Governor, Godwin Emefiele said that the bank would release re-designed naira notes by December 15, 2022. The affected Naira notes are N100, N200, […]

oamudipepdnlimited-com
28th October 2022
0 Comments
205 Views

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SACHOL: BPE explains inability to pay ex-workers’ N1.8b benefits

NUPENG threatens strike in Lagos over tanker drivers’ safety

Naira redesign: CBN has my approval, Buhari clarifies

Why fuel subsidies should be removed – IEA

Russia suspends participation in Ukraine grain deal

New naira: CBN doesn’t need your approval, Moghalu knocks finance minister

New naira: We followed due process, says CBN

Terror alert: British Airways cancels London-Abuja flights

CBN didn’t consult FG on new naira notes – Minister

Moghalu backs CBN to redesign naira notes

Game store halts operations in Nigeria

Naira falls N777 against dollar after CBN announcement

Tinubu blames privatization for current power sector crisis

Nigeria isn’t poor, huge money moves below radar.

Access Holdings disowns unauthorised 2025 financial highlight release

South Africa’s inflation rises to 3.1% as cost.

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