Business

The Nigeria Labour Congess (NLC) has expressed satisfaction with efforts geared towards increasing cash flow around the country, following the nationwide scarcity occasioned by the naira redesign and cash swap policy of the Central Bank of Nigeria (CBN). “As far as our members are concerned nationwide, they are satisfied with …

The Central Bank of Nigeria (CBN) has urged Nigerians to embrace alternative payment channels such as eNaira, USSD and other internet banking facilities in line with its cashless policy.The apex bank said the idea became necessary as the country was gradually marching towards the alternative payments policy regime, which was …

Kano state governor-elect, Abba Kabir Yusuf, has warned individuals, groups and organisations undertaking construction on public places to keep off. In a directive which his Chief Press Secretary, Sunusi Bature Dawakin Tofa, issued on his behalf, the governor-elect advised the discontinuance of demolition on all existing buildings belonging to the …

The Nigeria Employers’ Consultative Association, or NECA, has issued a warning that the cash swap policy’s aftershocks would last and that it would take a long time for businesses, particularly those in the informal sector, to recover since many of them have already shut down because of consumers’ weak purchasing …

Nigeria’s total public debt stock increased to N46.25 trillion or $103.11 billion as of December 2022, the Debt Management Office (DMO) disclosed on Thursday. According to the DMO, the new figure is made up of the domestic and external total debt stocks of the Federal Government and the sub-national governments …

The Federal Government is set to create a portal with a view to engaging, reengineering and reactivating capacity of older persons who wish to continue offering services after retirement. The Director General of National Senior Citizens Centre, Dr Emem Omokaro, said this on Wednesday at a collaborative meeting with relevant …

The Lagos State Government has discontinued the 50 per cent reduction in the fares of buses owned by the state. In a statement released by the Lagos Metropolitan Area Transport Authority (LAMATA), the state government said fares of state-owned buses will return to a 100 percent rate effective April 1, …

Deposit Money Banks are set to raise their cash withdrawal limits from the current N20,000-N50,000 range to over N80,000-N100,000, according to multiple bank officials. The move, it was learnt, would help bank branches to tackle lingering queues in some cities across the country. The Central Bank of Nigeria had on …

The National Population Commission has said citizens living away from their states of origin do not need to travel home for the purpose of the exercise., adding that people would be enumerated at their places of residence. NPC spokesperson Isiaka Yahaya who stated this in an interview with newsmen said …

The 17 newly-elected governors face an uphill task to stimulate the economics of their respective states as they will inherit at least N2.1tn in domestic debts and $1.9bn in external debts from their predecessors. Investigations showed that some of the first term governors-elect would also be confronted by many months …