Agriculture

War between Russia and Ukraine should increase food production in Africa - Osinbajo

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March 29, 2023
Vice President Yemi Osinbajo, on Monday in London, United Kingdom said the lingering crisis between Russia and Ukraine should be a wake-up call for African states to prioritise self-sufficiency in food production. He also said digitisation remains Africa’s best opportunity to make considerable progress in the global scheme of things. “The economic fallout of the war for us in Africa should be…
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Banking

Total volume of bank loans to the government N28.43 trillion

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March 28, 2023
Banks’ credits to the government rose by N3.77tn in the first two months of 2023. Figures obtained from the Central Bank of Nigeria revealed that the total government credit which ended December 2022 at N24.66tn rose to N28.43tn as of the end of February 2023. The CBN…
Banking

Banks increase cash withdrawal limits to reduce queues

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March 28, 2023
Deposit Money Banks are set to raise their cash withdrawal limits from the current N20,000-N50,000 range to over N80,000-N100,000, according to multiple bank officials. The move, it was learnt, would help bank branches to tackle lingering queues in some cities across the country. The Central Bank of Nigeria had on Friday directed commercial banks to open for operation on Saturday and Sunday, as…
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Banking

Banks confirm receiving more cash, load ATMs

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March 27, 2023
The Central Bank of Nigeria has released more old notes to Deposit Money Banks as the apex bank steps up efforts to flood the economy with more cash after a prolonged cash crunch that has made life difficult for millions of Nigerians and residents. The CBN had on Thursday…
Aviation

Airfares soar as foreign airlines hike exchange rate

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March 27, 2023
International airfares on Nigerian routes have gone up further by over 20 per cent after foreign airlines raised the exchange rate for ticket sale from N462 per dollar to N551 per dollar, findings by The PUNCH have revealed. International travellers on Nigerian routes have…
Agriculture

The UK is committed to building a strong climate change infrastructure.

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March 26, 2023
The United Kingdom has reiterated its commitment to mitigating the effects of climate change in Nigeria. According to a statement, British Deputy High Commissioner, Ben Llewellyn-Jones, said this at a climate action event in the celebration of Commonwealth Day which was held at Lufasi Park in Lagos. He observed that the impacts of climate change were currently being felt, adding that it was…
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Banking

EFCC Arrests PoS Ondo Operators for Trading Naira notes

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March 26, 2023
Officials of the Economic and Financial Crimes Commission were caught in several local government areas in South and North Akure, Ondo Province, and point of sale operators suspected of selling overpriced naira were arrested. On Friday and Saturday, the Anti-Corruption…
Banking

Access Bank Zambia acquires Atlas Mara

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March 25, 2023
Access Holdings Plc has announced that Access Bank Zambia Limited, a subsidiary of its flagship subsidiary, Access Bank Plc, has received final regulatory approval from the Central Bank of Zambia for the acquisition and merger of African Banking Corporation Zambia Limited (Atlas Mara Zambia) into its existing operations. A statement on Friday by the Company Secretary, Sunday Ekwochi, said this was…
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