Farmers in the country under the aegis of the United Integrated Farmers Association of Nigeria have scored the regime of the President, Major General Muhammadu Buhari (retd.), low in tackling the nation’s current food crisis.
The organisation said there had not been serious intervention in ensuring that Nigeria had food sufficiency since the current government came on board eight years ago.
The…
The investment in the global oil and gas upstream sector has increased by 39 per cent to $499bn in 2022, the highest level since 2014 and the most significant year-on-year gain in history.
This was according to a new report by the International Energy Forum and S&P…
Iròkó, Nigeria’s furniture and lifestyle brand has said as part of its efforts at boosting innovation in the sector, it launched a ready-to-assemble sofa and bed frame collection specially designed.
In a statement on Friday, it said the sofas and beds were durable…
The Chartered Institute of Bankers of Nigeria on Friday said it was liaising with the Body of Banks’ Chief Executive Officers to address the current challenges occasioned redesign of the N1,000, N500, and N200 notes.
It said the banks would continue to remain open to serve the public as long as it was safe to do so.
It, however, said the safety of bank workers was paramount.
Several…
Justice Mojisola Dada of an Ikeja Special Offences Court has sentenced former President Olusegun Obasanjo’s in-law Dr. John Abebe to seven-year imprisonment for laundering and forgery.
Justice Dada however gave the convict an option of fine of N50million to be paid within…
Problems accessing new Naira banknotes could increase as bank workers go on strike starting Monday.
The industrial action, is owing to attacks on bank workers by depositors of the old N,1000, N500 and N200 notes.
The Association of Banking, Insurance and Financial…
The Central Bank of Nigeria has ordered banks to start collecting the old N500 and N1,000 notes from the public with immediate effect.
It, however, pegged the maximum amount the banks can collect at N500,000.
The CBN maintained that the old currencies were no more legal tender.
A source from the bank said the CBN ordered the banks to collect the monies instead of going to the CBN office following…
Nigeria’s inflation soared to 21.82 per cent in January 2023, according to the National Bureau of Statistics.
This is amid a redesign of the naira by the Central Bank of Nigeria. January’s inflation rate is a 0.48 per cent point increase from the 21.34 per cent that…
Some fish traders on Wednesday in Ibadan protested the rejection of old naira notes by cold room operators, saying the development lead to losses on their part.
The traders, comprising aged women, had converged on the premises of Agidigbo 88.7FM along Iwo Road-Ojoo…
Protest has erupted in Akure, the Ondo State capital, over the refusal of commercial banks to receive old naira notes from customers as well as pay out new notes.
The protest began at the First Bank, Alagbaka by angry customers who had waited for several hours without being attended to, according to a report by The Nation.
Other banks in Akure have shut businesses to avoid being…