The Lagos State Government has noted the hardship sparked by the Naira redesign policy, which has affected business and commercial activities.
There is no reason to reject the old notes, going by the Supreme Court judgement delivered on March 3, 2023.
The apex court declared that “no reasonable notice was given as required by Section 20(3) of the CBN Act,” noting that the public only became…
Power generation on the national grid has continued to hover above 4,000 megawatts since January this year, following the deployment of transformers, substations and other accessories to boost supply.
Grid performance data obtained from the Federal Ministry of Power in Abuja…
Passengers and others are having a hard time as old notes continue to be debited.
March 13, 2023
The rejection of old notes by transport operators, fuel stations, traders, and other businesses continued over the weekend, leaving many bank customers, workers and commuters stranded in various parts of the country.
Several people found very difficult to go to their…
Smart buildings cannot bring down the high cost of houses which has created a huge housing gap in the country, operators in the built industry have stated.
In an exclusive interview with The PUNCH, a structural engineer, Olatunbosun Adaramola, said smart buildings have to do with technology, making the home more conducive to live in, but come with a huge cost.
He said, “These smart features are…
The Edo State government-backed Edo Modular refinery has ordered the supply of 150,000 barrels of crude to meet the demand of its growing clientele base, weeks after commencing production.
This was revealed in a statement signed by the Special Assistant on Media Projects to…
The closure of the United States-based Silicon Valley Bank, the bank of choice for many venture capitalists and startups, may affect Nigerian startups according to industry players.
On Wednesday, March 8, SVB surprised investors with news that it was seeking to raise $2.25bn…
Stakeholders in the built industry have advocated the development of measures that make affordable housing for low and middle-income earners a reality in the country.
The Executive Director of the Housing Development Advocacy Network, Festus Adebayo, said housing was critical for economic growth and development because of its impact on major macroeconomic indicators such as employment, savings…
The Federal Capital Territory Administration has alerted residents on the proliferation of illegal housing estates and other developments in the capital city.
This was as it reiterated its readiness to demolish illegal structures obstructing the town’s master plan.
The…
One of Nigeria’s leading financial institutions, Wema bank commemorated the 2023 edition of the International Women’s Day on March 8th in grand style as women from various fields converged on the prestigious Civic Center in Lagos to discuss the significance of gender…
The Chief Executive Officer of Seplat Energy PLC, Roger Brown, has stepped down from office following the order of a Federal High Court in Lagos.
The court restrained Brown from parading himself as the firm’s CEO pending the determination of a suit filed against him and others by aggrieved stakeholders of the company.
The aggrieved stakeholders accused Brown of racism, favouritism for expatriate…