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Old naira deposit to continue after deadline – Emefiele

    The Central Bank of Nigeria Governor, Godwin Emefiele, on Tuesday disclosed that commercial banks will continue to accept the deposit of old naira notes after the expiration of the February 17 deadline. He stated this while appearing before the House of Representatives committee on the new naira redesign and naira swap policy. He […]

Nigeria needs debt relief - AfDB
Agribusiness Banking featured

AfDB’s $1.5bn agric fund’ll benefit 20 million farmers – Adesina

The president of the African Development Bank, Akinwunmi Adesina, has set aside a total of $1.5 billion for a “Emergency Food Production Facility” to enhance food security and sufficiency in Africa. According to BisinessDay, when Adesina visited Governor Dapo Abiodun of Ogun State on Monday, he paid him a courtesy visit. Adesina remarked that the facility […]

Emefiele orders banks to dispense old naira notes - Soludo
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Naira redesign: Reps to issue Emefiele’s arrest warrant Tuesday

Following a unanimous agreement amongst members, the Speaker of the House of Representatives, Femi Gbajabiamila, is expected to sign the warrant of arrest against the Governor of Central Bank of Nigeria, Godwin Emefiele, during plenary on Tuesday.   Recall that, the Chairman of the Committee and the Majority Leader of the House, Alhassan Ado Doguwa, […]

PHOTOS: Buhari commissions nine projects in Kano
News

PHOTOS: Buhari commissions nine projects in Kano

On Monday, the President, Major General Muhammadu Buhari (ret.d) officially inaugurated nine different projects in Kano that the state and federal governments had jointly completed. These projects include, Federal Government’s Tier IV Data Centre, $10M Professor Hafsat Abdallahi Ganduje Cancer Center, Dala inland Dry port to help move containers by railway from Apapa in Lagos […]

Ryanair, EasyJet to hire defunct Flybe workers
Business

Ryanair, EasyJet to hire defunct Flybe workers

Ryanair and easyJet, two low-cost airlines, are fast-tracking the defunct Flybe workers, which entered administration over the weekend, leading to 277 job losses. Ryanair is recruiting for all sectors of its business ranging from flight crew to cabin crew, engineers, and ground and office staff. The company wants to ensure that Flybe’s staff starts working […]

Banking

Abiola Bawuah named UBA’s first female CEO

The United Bank for Africa Plc has appointed Abiola Bawuah as the Chief Executive Officer of its operations in Africa.   The bank announced her appointment, stating that this move demonstrates UBA’s commitment to diversity as the Group Board now includes eight female Directors.   Bawuah, who is a Ghanaian, is the first female CEO […]

News

Unilever appoints Hein Schumacher new CEO

  Bisola David Unilever announced in the early hours of today that following an extensive, global search process, Hein Schumacher has been named as its next Chief Executive Officer. AMbusiness has reported that Alan Jope, who announced his retirement in September, will be replaced by Hein. Hein is a 51 year old successful businessman with […]

Appeal Court overturns Emefiele’s asset forfeiture order
Banking

New naira: CBN recovers N1.9trn in two months

Following the cash withdrawal policy and the naira notes redesign, the Central Bank of Nigeria said it has since recovered N1.9 trillion in cash previously held outside of the banking system.   The CBN governor, Godwin Emefiele, said this on Sunday as part of his update following a meeting with the President, Major General Muhammadu […]

News

Clearing agents, terminal operators sabotaging $120m scanners – Customs

  The Nigeria Customs Service has accused terminal operators and clearing brokers of sabotaging the $120 million scanners that were recently deployed. According to The PUNCH, this was disclosed by the Customs Area Controller in charge of TinCan Island Ports, Mr Adekunle Oloyode, while addressing journalists at the command in Lagos. He stated that using […]

New naira note: CBN insist on January 31st deadline
Banking

New naira: Experts hail CBN for deadline extension

Oluwanifemi Ojo     Financial experts have commended the Central Bank of Nigeria for the decision to shift the deadline that was set to phase out the old notes from December 31 to February 10.   Following the plea made by key stakeholders across the country, the 36 state governors, the Arewa Consultative Forum, traditional […]

China warns against geographic info data breaches
Banking

Bank customers lose N2.72 billion to crooks – Report

  An FITC  analysis has revealed that bank customers in Nigeria lost a total of N2.72 billion to fraud in the first and second quarters of 2022. According to The Punch, it was that a total of 67,878 instances of fraud were reported throughout this time. This was supported by the second quarter report that our correspondent downloaded […]

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