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…
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…
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…
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…
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…
The Lagos State Government is set to charge the driver of the staff bus involved in a collision with a train, Oluwaseun Osinbajo, with manslaughter.
The collision occurred on March 9 at the PWD railway crossing in Ikeja, the state capital.
The bus, which had employees of…
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…
Central Bank of Nigeria has directed all commercial banks to open for operation on Saturdays and Sundays, as part of a coordinated effort to ease circulation of banknotes of various denominations.
The apex bank also confirmed the evacuation of banknotes from its vaults to…
Introduction of disease-resistant corn hybrids to farms by government and groups
March 24, 2023
The Federal Government, in partnership with Export Trade Group and Nigeria Agro Inputs Dealers Association, on Thursday, unveiled disease-resistant hybrid maize seeds to boost crop production as the planting season begins.
Officials from the Federal Government’s Institute…
The Ibadan Electricity Distribution Company has promised to restore power supply following a three-week blackout experienced by landlords, residents and business owners in Ibafo, Magboro, Makogi, Oke-Afa and Aseese, among others, in the Obafemi Owode Local Government Area of Ogun State.
It, however, failed to give a timeline for the restoration of power in the affected communities.
In a response…