Banking

Supreme Court orders old N200, N500, N1,000 notes to remain legal tender till Dec 31

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March 3, 2023
The Supreme Court has invalidated the new naira design policy initiated by the Federal Government on the grounds that it was not done with due consultation and in line with constitutional provisions. Following, the apex court ordered that the old naira notes shall continue to be used side by side with the new naira notes till December 31, 2023. The court held that the three months timeline was…
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EconomyFintech

Oyo connects economic development zones.

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March 3, 2023
Governor of Oyo state, Seyi Makinde, has restated his administration’s commitment towards linking all the zones of the state in order to ensure sustained economic development. Makinde, who made the pledge while receiving the participants of the Strategic Management and…
Energy

Marketers should penalize junkyards and fuel stations that inflate fuel prices.

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March 3, 2023
Oil marketers under the aegis of the Petroleum Retail Outlet Owners Association of Nigeria, have established and deployed a task force to check and sanction filling stations selling Premium Motor Spirit, popularly called petrol, at exorbitant prices. It was gathered that the decision was taken following reports that some filling stations were dispensing petrol above N300/litre, far higher than the…
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Energy

Shell extends vacation program for researchers.

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March 3, 2023
Shell Petroleum Development of Nigeria Limited has enrolled 15 scientists and research fellows in a one-year fellowship and research fellowship program. The event, recently held at the company’s headquarters in Port Harcourt, marked the resumption of the annual program…
Market

Customs seized contraband worth N305m in two months.

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March 2, 2023
The Federal Operations Unit Zone B of the Nigeria Customs Service has disclosed that it recorded 130 seizures worth N305m between January to February 2023. A statement by the Public Relations Officer of the Zone, Suleiman Isah, said nine units of used vehicles, two units of…
Banking

CBN raised N1.13 trillion in government bills in the second quarter.

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March 2, 2023
The Central Bank of Nigeria plans to raise N1.13tn via treasury bills for the second quarter of 2023. This was according to the latest Nigerian Treasury Bill Issue Programme for the Second Quarter 2023 available on the bank’s website. This is a significant increase from N926bn raised in the second quarter of 2022. The bills are divided into three tenors of 91-days, 182-days, and 364-days with a…
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Automobile

Honda releases Unicorn motorcycle.

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March 2, 2023
Honda Manufacturing (Nigeria) Limited says the company recently launched a new motorcycle, Honda CB Unicorn, into the Nigerian market to raise the bar of performance in the subsector. The Managing Director of Honda Nigeria Limited, Hirohide Ichikawa, who made the disclosure…
Real Estate

Guild canvasses tech for construction monitoring.

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February 27, 2023
The Building Collapse Prevention Guild has called for the deployment of technology for the monitoring of construction sites. The call was made at the guild’s Annual General Meeting in Lagos, themed “theme: “Investigating the Political, Socio-Cultural Dimensions of Building Collapse in Nigeria: The Sustainable Pathways for Eradication.’’ The Executive Director of the University of Lagos…
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