President Muhammadu Buhari unveiled the redesigned naira notes of N200, N500, and N1000 at the Council Chamber of the Presidential Villa Abuja on Wednesday. according to the News agency of Nigeria (NAN), the unveiling of the naira notes preceded the virtual meeting of the Federal Executive Council (FEC) with a …Read More »
Influential Kaduna Muslim cleric, Sheikh Ahmad Gumi, has condemned the move by the Central Bank of Nigeria to redesign three series of the Naira. Gumi described the CBN move as economic suicide for Nigerians, especially rural dwellers. The controversial Sheikh argued that the introduction of Naira redesign policy was ill-timed and …Read More »
The Central Bank of Nigeria (CBN) has threatened to arrest and prosecute Nigerians using naira to buy dollars, noting that it is an illegal practice. Godwin Emefiele, governor of the apex bank issued the threat on Tuesday at the Monetary Policy Committee (MPC) meeting in Lagos. Emefiele urged Nigerians illegally …Read More »
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised benchmark interest rate to 14 percent. The MPC raised the interest rate to 14 per cent from 13 percent. Godwin Emefiele, governor of the CBN announced the decision at a press briefing on Tuesday. More subsequently..Read More »
As part of its talent cultivation strategy, Huawei Technologies (Nigeria) Limited is set to host a job fair for Nigerian youths. The job fair, scheduled to hold on the 3rd of August, 2022 at the International Conference Centre, Abuja is intended to attract, qualified candidates for job opportunities in IP …Read More »
The Central African Republic has adopted bitcoin as legal tender, the president’s office said Wednesday, becoming the second country in the world to do so behind El Salvador. Lawmakers unanimously adopted a bill that made bitcoin legal tender alongside the CFA franc and legalised the use of cryptocurrencies, and President …Read More »
SEC seals Agropartnerships, Oxford International, Vektr Capital over ‘illegal investment activities.
The Securities and Exchange Commission (SEC), on Monday, sealed the premises of three companies for allegedly engaging in illegal investment activities. The affected companies are Oxford International Group, Farmforte Agro-Allied Solutions Limited/Agropartnerships and Vektr Capital Investment. The apex capital market regulator accused the companies of carrying out capital market activities …Read More »
Pan African Women Empowerment Network (PAWEN) opens applications to its Aspiring Entrepreneurs Program (AEP) for female African entrepreneurs.
Pan African Women Empowerment Network (PAWEN), a tech-driven not-for-profit organization with a focus on leadership and economic empowerment of African women has called for applications to its 2022 cohort of the Aspiring Entrepreneurs Program (AEP). The Aspiring Entrepreneurs Program is a FREE and INTENSIVE virtual program that equips aspiring female …Read More »
The minister of Aviation, Hadi Sirika, has disclosed that the much-awaited national carrier, Nigeria Air, is expected to take off by April 2022. The minister made the disclosure while speaking with the State House Correspondents on Wednesday after the week’s Federal Executive Council, FEC meeting. The meeting was presided over …Read More »
The federal government has directed Aiteo Eastern Exploration and Production Company (AEEPCO) to stop operation in affected oilfield spewing oil in Bayelsa State pending investigation. Saghir El-Mohammed, press director, ministry of environment, said this in a statement on Tuesday. “The federal government has directed the exploration company, Aiteo Eastern Exploration …Read More »