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Naira fall’ll worsen Nigeria’s food, energy crisis — W’Bank

The World Bank has warned that the depreciating value of the Nigerian naira and currencies of most developing economies are driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face. According to The PUNCH, the Washington-based bank estimates that in roughly 90% of […]

oamudipepdnlimited-com
1st November 2022
0 Comments
251 Views

News Uncategorized

Ex-Aviation Minister Amaechi dies

A First Republic Nigerian Minister, Mbazulike Amaechi, has passed away on Tuesday. According to The Sun, the former aviation minister died in the early hours of Tuesday, November 1, 2022 Until his death, he was a nationalist and the only surviving member of the Zikist Movement. The news of his demise was confirmed on Tuesday […]

oamudipepdnlimited-com
1st November 2022
1 Comment
268 Views

News

Osinbajo-led council tackles skill gaps among graduates

The National Council on Skills under the leadership of Vice President, Yemi Osinbajo has begun efforts towards bridging the skills gap between graduates of tertiary institutions and the labour market. News Agency of Nigeria reported that the Governor of Kano State, Abdullahi Ganduje, disclosed this during a press brief with State House correspondents, after a […]

aadelekepdnlimited-com
31st October 2022
0 Comments
192 Views

Telecommunications Uncategorized

9mobile appoints Oni-Egboma new CFO

Mrs. Nkem Oni-Egboma has been appointed as Chief Financial Officer by Emerging Markets Telecommunication Services Limited, otherwise known as 9mobile. Thoroughbred specialist Oni-Egboma brings to 9mobile, extensive experience working in the financial services sector and knowledge in business planning, business development, international trade services, internal control and audit, treasury operations, and risk management. The new […]

jonuorahpdnlimited-com
31st October 2022
2 Comments
281 Views

News Uncategorized

CBN destroyed over N6trn notes under Buhari – Report

The Central Bank of Nigeria will have destroyed almost N6 trillion worth of damaged and outdated currency by the end of the regime of the President, Major General Muhammadu Buhari (retd), in May 2023. Data from the CBN’s annual reports between 2016 and 2020 revealed that throughout the five-year period, the apex bank destroyed mutilated […]

jonuorahpdnlimited-com
31st October 2022
3 Comments
223 Views

News

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
275 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
226 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
358 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
229 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
240 Views

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Naira fall’ll worsen Nigeria’s food, energy crisis — W’Bank

Ex-Aviation Minister Amaechi dies

Osinbajo-led council tackles skill gaps among graduates

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CBN destroyed over N6trn notes under Buhari – Report

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

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