WHILE banks in Nigeria declare humongous profits and race to beat the recapitalisation deadline, low-income depositors on the other hand feel plagued by peppery and duplicitous charges. According to them, banks operate like relentless predators, chipping away at savings through a myriad of charges, duplicitous SMS alerts, card maintenance fees, transfer levies, stamp duty; each […]
By IBUKUN EMIOLA MR. John Karunwi, Chairman, National Association of Small and Medium Enterprises (NASME) in Oyo State says that Nigeria’s rebased GDP of ₦372.82 trillion will open new tax incentives, funding opportunities, and growth prospects for Micro, Small and Medium Enterprises (MSMEs). Karunwi stated on Monday in Ibadan that the development would reshape the […]
By NANA HAUWA MUSA THE central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 101 pips to 7.1395 against the dollar on Monday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from […]
AN NGO, Women Initiative for Sustainable Environment (WISE) has trained 30 women farmers on regenerative agriculture to promote sustainable agriculture and enhance community resilience against climate change and pandemics, The News Agency of Nigeria (NAN), reports that regenerative agriculture is a farming practice that prioritises soil health, biodiversity, and ecosystem services. It also enhances farm […]
THE National Orientation Agency (NOA), Akwa Ibom Directorate has alerted the general public of the circulation of fake ₦1,000 notes within the state. NOA listed areas worse hit by the nefarious activities to include the coastal areas of Udung Uko, Mbo, Oron, Okobo and Ibeno Local Government Areas. The State Director of NOA, Mr. Mkpoutom […]
THE National President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Hon. Dele Kelvin Oye, Chambers of Commerce has expressed concern over the significant hurdles that remain. Citing a recent World Bank report, he noted that poverty has climbed to 56% in Nigeria, affecting 129 million people. While reforms are […]
THE National Agency for Food and Drug Administration and Control (NAFDAC) has announced a 65% reduction in registration renewal fees for Micro, Small and Medium Enterprises (MSMEs). The Agency disclosed this in a statement signed by its Director-General, Prof. Mojisola Adeyeye. NAFDAC also outlines other measures to enhance the ease of doing business in Nigeria […]
DELTA State Commissioner for Oil and Gas, Olorogun Vincent Oyibode has identified with Koko indigenes in Warri North Local Government Area who lost their jobs in recent times. It was as a result of the closure of Ebenco Global Link Limited by Tantita Security outfit over unproven allegation of oil theft. Koko indigenes trooped out […]
THE Naira on Monday lost against the Dollar as it exchanged at N773.50 at the Investors and Exporters window. The local currency depreciated by 7.08 per cent against the N736.62 it exchanged for the dollar on September 8. The open indicative rate closed at N771.49 to the Dollar on Monday. A spot exchange rate of […]
THE Supreme Court has ordered the circulation of the old naira notes alongside the new ones until December 31. In a unanimous judgment, a seven-member panel of justices presided by Justice Inyang Okoro on Friday held that the directive by President Muhammadu Buhari to the Central Bank of Nigeria (CBN) for the redesigning and withdrawal […]