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Business and Economy

Naira redesign: Gov. Adeleke meets CBN officials, calls for sanctions against banks hoarding new Naira notes 

  CBN thanks Gov. Adeleke for maintaining peace; Says ‘We’ve issued queries to some banks  Governor of Osun State, Senator Ademola Adeleke has warned against hoarding of new naira notes by commercial banks, calling on the Central Bank of Nigeria (CBN) to sanction financial institutions involved in such anti-people activities. …

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Accountant in ICPC net over new Naira notes racketeering

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested an accountant of Oando Filling Station, Dutse Alhaji, Abuja over alleged racketeering of the new Naira notes. This latest arrest,according to a statement by Mrs Azuka Ogugua, Spokesperson, ICPC, followed the continued onslaught by the Commission on some …

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Konga unveils final list of 12 shoppers for exclusive weekend mentorship with Ekeh, Zinox boss

Konga, Nigeria’s leading composite e-commerce giant, has unveiled the final list of 12 shoppers selected for the all-expense paid Knowledge Weekend mentorship programme with the Chairman, Zinox Group, Leo Stan Ekeh. The exclusive mentorship programme is scheduled to take place this weekend from Friday, February 10 till Sunday, February 12, …

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Cash shortage: Sanwo-Olu approves 50% fare reduction on public transport, creates food palliatives for vulnerable Lagosians  

  BRT, LAGRIDE, FMLM, LAGFERRY passengers to enjoy weeklong relief with Cowry Cards Governor permits fuel stations to operate 24hrs Following nationwide tension caused by persistent fuel shortage and the debacle of currency exchange by the Central Bank of Nigeria (CBN), Lagos State Government has announced palliative measures to cushion …

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Sterling Bank explains new Naira notes distribution incident at their Ado-Ekiti branch

Sterling Bank has explained an incident at their Ado-Ekiti branch where a regulatory official on a monitoring visit saw N 6,000,000 in N 200 denominations in their vault that were not being dispensed. The Bank besides explaining the circumstances surrounding the incident, also noted that “all denominations can now be withdrawn from …

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