Local manufacturers have raised concerns about the size of loans given to the manufacturing sector by commercial banks, describing it as inadequate and one that does not encourage productivity in the sector. According to the Manufacturers Association of Nigeria (MAN), about 53 per cent of manufacturers disagreed that commercial bank loans to the manufacturing sector […]
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Chairman, Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu (left) at a meeting with the Inter-agency Consultative Committee on Security in Abuja… yesterday. Credit: Lucy Ladidi Ateko • Igini: BVAS didn’t fail, it put an end to exaggerated election results • 2023 elections fascinating, positive, says outgoing British envoy Ahead of Saturday’s governorship and state […]
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Crowd yet to thin at a bank’s ATM gallery after the Central Bank of Nigeria (CBN) declared old naira notes legal tender …. yesterday. Photo: Ayodele Adeniran • Business owners, traders defy CBN, reject old N500, N1,000 • CBN silent on returned banknotes, warehoused cash • Residual notes amount to drop in ocean, analysts insist […]
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The Nigeria Labour Congress (NLC) has issued a seven-day ultimatum to the Nigerian government to end the current Naira and fuel scarcity in the country. Its position is contained in a communiqué issued and jointly signed by its president, Joe Ajaero, and its General Secretary, Emmanuel Ugboaja, on Tuesday. The communiqué was issued at the […]
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The Central Bank of Nigeria (CBN) on Monday directed commercial banks to dispense and receive the old N200, N500, N1000 bank notes. It said the notes remain legal tender until 31 December, as directed by the Supreme Court in a statement by its acting spokesperson, Isa AbdulMumin. The bank’s directive comes after the Supreme Court ruled […]
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The governorship candidate of the Social Democratic Party in Oyo State, Michael Lana, has stepped down from the race and endorsed the candidacy of the state governor, Seyi Makinde of the Peoples Democratic Party. He made his position known on Tuesday at a press conference, which held at Iyaganku Quarters in Ibadan, the state capital. […]
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Lagos residents on Tuesday began to accept the old N200, N500 and N1,000 banknotes for transactions following a validation from the Central Bank of Nigeria (CBN) to do so. The CBN in a statement by its acting Director, Corporate Communications, Mr Isa AbdulMumin, on Monday, directed the commercial banks to comply with the Supreme Court […]
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The Rule of Law Advocacy and Accountability Centre has told President Muhammadu Buhari to take action against the Attorney-General of the Federation, Abubakar Malami, and the Central Bank Governor, Godwin Emefiele, for failing to obey the orders of the Supreme Court. In a statement signed by the Executive Director of RULAAC, Okechukwu Nwanguma, on Tuesday, […]
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The Central Bank of Nigeria has announced its Monetary Policy Committee meeting would be held on March 20 and 21, 2023. The two-day meeting, according to the apex bank, would be held in Abuja. The apex bank disclosed this on its website, monitored by our correspondent on Tuesday. The members of the committee include Godwin […]
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Veteran actress Patience Ozokwo aka ‘Mama Gee’ has commented on the viral comparison with her colleague, Sola Sobowale aka ‘King of Boys’, The movie icons widely known for their stern movie roles undoubtedly played huge roles creating memorable childhood moments for many who have become adults. Recently, a Twitter user, identified as Abas paired photos […]
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