First Edition of the Tastemakers Wine Series Hosted by Vendease

Read more
Banking

Emefiele eventually gives up and says that the old naira notes are legal tender.

By
March 14, 2023
Exactly 10 days after the Supreme Court judgement mandating the use of old N,1000 and N500 notes as legal tender till December 31, 2023, the Central Bank of Nigeria Governor, Godwin Emefiele, on Monday bowed to pressure and officially ordered commercial banks to comply with the court verdict. He also announced that the old N200, N500 and N1,000 would remain legal tender till the end of the…
Read more
Banking

Old Naira Notes Remain Legal Tender-Sanwo Olu

By
March 13, 2023
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…
Banking

Passengers and others are having a hard time as old notes continue to be debited.

By
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 workplaces and business places as the scarcity of the new naira notes bites harder amid a mass rejection of the old notes. Deposit…
Read more
Real Estate

Smart homes cannot solve the problem of housing shortage.

By
March 13, 2023
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…
Energy

The Edo refinery has ordered 150,000 barrels of new crude oil.

By
March 13, 2023
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…
BankingStartups

US banks may meet with Nigerian startups - operators

By
March 13, 2023
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 to maintain liquidity. Within the next couple of hours, a bank run occurred after VCs advised their startups to withdraw…
Read more
Real Estate

Citizens looking for affordable housing

By
March 13, 2023
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…
Real Estate

Beware of illegal property, FCTA warns Abuja residents

By
March 13, 2023
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…
BankingBrands & People

IWD 2023: Wema Bank unveils Big sister projects for employees

By
March 11, 2023
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 equality. The diverse audience, comprising both in-person attendees and virtual fans joined the session to discuss several…
Read more