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Business

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Business

Kogi Capable Of Becoming Business Hub For Nigeria – Ohiare

A former Director, Rural Electrification Agency, Doctor Sanusi Ohiare has called on the people of Kogi state to choose a capable leader that will consolidate the achievements of the present administration during the forthcoming Governorship election. He made the call after his screening to contest for the Governorship primary election in the state under the platform of the All Progressives Congress in Abuja. Dr. Ohiare noted that Kogi State is […]

todayMarch 25, 2023 5

Business

CBN Confirms Disbursement of Naira Notes To Commercial Banks

THE Central Bank of Nigeria (CBN) has confirmed the disbursement of naira notes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations. The CBN has also directed all commercial banks to open for operation on Saturdays and Sundays. News Point Nigeria reports that, the Acting Director, Corporate Communications Department of the CBN, Dr. Isa AbdulMumin, disclosed […]

todayMarch 24, 2023

Business

NLC Protests: CBN To Flood Banks With Old Naira Notes

The Central Bank of Nigeria has finally concluded plans to release all N1,000, N500 and N200 notes in its custody to Deposit Money Banks, The PUNCH can report authoritatively. This decision is expected to end months of hardships and pains Nigerians have been going through following a controversial CBN naira redesign policy that has caused a severe shortage of old and new naira notes across the country. The CBN’s latest […]

todayMarch 23, 2023

Business

Fire Razes Section Of Onitsha Market

A fire incident has occurred at the White House section of the Onitsha Market, Anambra State. The section, popularly called “Gbongboro”, serves as a warehouse and also where lace and other clothing materials are being sold and it is located at the back of the market. No one could ascertain the actual cause of the fire, but the inferno, which started in the early hours on Tuesday, has destroyed multi-million […]

todayMarch 21, 2023

Business

Central Banks To Boost Flow Of US Dollars

Central banks have moved globally to keep credit flowing after an unsettled period in the US banking sector and the Credit Suisse merger. Six central banks, including the Bank of England, announced they would boost the flow of US dollars through the global financial system. On Sunday the struggling Credit Suisse was taken over by UBS in a Swiss government-backed deal. The US dollar liquidity "swap line" arrangement will run […]

todayMarch 20, 2023

Business

UK Licenses 162 Nigerian Doctors In 42 Days

No fewer than 162 Nigerian-trained doctors were licensed to practise in the United Kingdom in the last six weeks, The PUNCH has learnt. This is according to the register of the General Medical Council of the UK. The GMC is a public body that maintains the official register of medical practitioners within the UK. Our correspondent, who monitored the GMC website in the last 42 days, observed that the number […]

todayMarch 16, 2023

Business

Naira Crisis: Banks Ration Old Notes

Deposit Money Banks have begun to ration the disbursements of old N1,000 and N500 notes to their customers amid uncertainty whether the Central Bank of Nigeria will release the old notes in its custody. This came about 24 hours after the CBN Governor, Godwin Emefiele, announced that old N1,000, N500 and N200 notes remained a legal tender. But despite the CBN’s statement on Monday night, the Nigeria Labour Congress on […]

todayMarch 15, 2023

Business

UK Unveils Cost-Of-Living Budget As Mass Strikes Hit Nation

Britain’s finance minister unveils a cost-of-living budget on Wednesday as the government seeks to keep a grip on public spending in the face of a fresh wave of strikes over pay.Chancellor of the Exchequer Jeremy Hunt delivers his tax and spending plan to parliament from 12:30 GMT, as teachers, junior doctors, civil servants, BBC journalists and drivers on London’s underground Tube railway stage the latest day of mass walkouts. Public […]

todayMarch 15, 2023

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