Business

Banks Only Authorised to Dispense New Banknotes via ATMs, CBN Clarifies

It says there is no going back on the January 31 deadline to phase out old N200, N500, N1,000.

2 years ago

Lack of Investment In Downstream Oil Sector, Cause Of Endless Fuel Scarcity Nationwide, Says Pinnacle Oil CEO

The recurring fuel scarcity has led to buck-passing between the regulatory agencies and petroleum marketers.

2 years ago

Banks Have Enough New Naira Notes to Meet Demand, CBN Insists

It clarified that banks are not banned from paying new notes over the counter.

2 years ago

New Naira Notes are of International Quality, Security Printing Firm Assures Nigerians

"It is important to note that new banknotes are generally light when issued, then become heavier in circulation on getting…

2 years ago

Nigeria: Cash Withdrawals from Public Accounts Will Be Treated as Money Laundering Offence from March

Payment of estacode, overseas allowances to civil, public servants in cash has also been outlawed.

2 years ago

NAHCO Begins Investigation, Suspends Personnel over Damage to Air Peace Aircraft

NAHCO staff drove equipment and rammed it on the aircraft, an Airbus A320 which has since been grounded.

2 years ago

Amazon to Cut More Than 18,000 Jobs, CEO Says

The job-slashing plan is the largest among recent workforce reductions that have impacted the once-unassailable US tech sector

2 years ago

NUPRC to Licence Holders: Disclose Full Ownership of Firms Operating in Nigeria’s Oil, Gas Sector

It stated that those to be affected by the notice included persons with significant control of at least five per…

2 years ago

Nigeria Doesn’t Have Resources to Pre-empt Illegal Mining Activities, Minister Says

He says the sector now contributes N10bn to Nigeria's economy.

2 years ago

Air Peace Airlifts 55 Million Passengers in 8 Years, Plans More Routes in 2023

The airline recorded a passenger load of 52,859 in its launch year. In 2022, it airlifted 14,103,018 passengers.

2 years ago