Tag: Nigeria

Air Peace
Business

Air Peace leads domestic flight operations in 2022 – Report

A domestic and international airline in Nigeria, Air Peace, leads other domestic airlines as it records 24,449 flight operations. This is the highest flight operations followed by 10,910 operations of IBOM airline. This was according to the Executive Summary of International and Domestic Flight Operations in Nigeria from January to December 2022 gotten from the […]

Nigerian National Petroleum Corporation Limited logo
Business

NNPCL finishes pipeline repairs at depots

The Nigerian National Petroleum Corporation Limited has finished repairing the pipeline at the Satellites depots area. The Punch reported that the repairs were carried out through NNPCL Pipeline and Marketing, one of the NNPCL subsidiaries. According to the report, the Chairman of Satellite Depots, Akin Akinrinade, said that the pipeline had been repaired. Also, It […]

The old 500 and 1000 naira noted
Business

CBN orders banks to collect the N500, N1000 notes

The Central Bank of Nigeria has ordered commercial banks to collect the N500 and N1000 notes from people as deposits, with immediate effect. However, the apex bank still stands on the fact that the old N500 and N1000 are no longer legal tender. Meanwhile, they are still redeemable when taken to commercial banks. CBN pegged […]

Buhari to inaugurate Dala International Inland Dry Port on Jan. 30
Business

Buhari approves old N200 note as legal tender till April 10

The President, Major General Muhammadu Buhari (retd), has given the Central Bank of Nigeria the order to allow the use of the old N200 note alongside the new ones until April 10, 2023. This was said in the early hours of Thursday as the president addressed Nigerians live on a nationalbroadcast. He emphasised that Nigerians […]

The vice president of Nigeria, Prof. Yemi Osinbajo
Business

National Economic Council okays Nigeria Agenda 2050

The National Economic Council, initiated to offer economic advise to the President, has endorsed the Nigeria Agenda 2050, on Thursday, in Abuja. The 2050 agenda is target at increasing real Gross Domestic Product growth by seven percent. It also aims at creating 165 million employment and reducing the number of people living in poverty from […]

President, Major General Muhammadu Buhari (retd.) Signing a document
Business

Buhari signs business facilitation bill, five others

BuharThe President, Major General Muhammadu Buhari (retd.), has given assent to the Business Facilitation (Miscellaneous Provisions) Bill 2022 enacted by the National Assembly. This consent was given in furtherance of Section 58 (4) of the 1999 Constitution of the Federal Republic of Nigeria. To ensure the ease of doing business in Nigeria, the President sent […]

A Point of Sale machine
Business

Cashless policy: How to get PoS devices for your business

PosThe recent naira crisis experienced as a result of the redesign of the N200, N500, N1000 notes by the Central Bank of Nigeria has forced many Nigerians into cashless transactions. According to the Central Bank of Nigeria’s Governor, Godwin Emefiele, one of the reasons for this decision includes the hoarding of cash by the populace, […]

Godwin Emefiele, CBN Governor and the redesigned naira note
Banking Business

Naira redesign: CBN must follow rule of law, says NGF

The Nigeria Governors’ Forum has urged the Central Bank of Nigeria to follow the rule of law in driving its naira redesign policy. According to a report by Premium Times, the NGF made these statements in a communiqué that was released at the conclusion of its meeting on Saturday in Abuja. The statement was signed […]

Market traders selling perishable goods
Business

Naira scarcity: Abuja traders lament low patronage 

Traders in Abuja have lamented over the low patronage owing to the scarcity of naira notes. These women complained about the poor sales while speaking with the News Agency of Nigeria on Sunday in Abuja. According to NAN, most traders had no choice but to receive payment after sales through bank transfers. Also, it was […]

Peter Obi
Business

Peter Obi arrives Lagos for NESG’s dialogie

The presidential candidate of Labour Party announced his arrival to Lagos State on Monday, for the National Economic Summit Group Dialogue with Presidential Candidates. This was disclosed in the post made on his verified Twitter page on Monday. It reads “I just arrived at the venue for the NESG Dialogue with Presidential Candidates on the […]