Central Bank Of Nigeria: Maintenance of the Integrity and Lustre of Naira

By Professor Nwudego Nkemakonam Chinwuba, Ph.D. A NEW REGIME FOR HANDLING THE NAIRA The findings made are based on an account of the observable fact that Nigerians are generally amenable to reason when they are persuaded rather than pressured or jaded about a point. Nigerians are a happy people, so the style of approach…

September 12, 20230Comments

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Business

Gov Mbah to unveil $2.1bn project pipeline as Enugu holds inaugural investment round-table

Governor of Enugu State, Dr. Peter Mbah, will on Friday, September 1, unveil a ₦1.6 trillion ($2.1 billion) pipeline of 30 projects at the first Enugu State Investment and Economic Growth Stakeholder Round-table. The governor is also scheduled to launch the Enugu State Integrated Sector-Based Productivity Growth Strategy. This was made known in a statement…

September 5, 20230Comments

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Business

What you need to know about the Electricity Act 2023

With the numerous natural resources, capable of generating electricity, but lying fallow and begging to be used, in nearly every Nigerian state, the days of power outages might be over with the passing into law of the Electricity Act 2023. With the passing of this new law which replaces the 2005 Electricity and Power Sector…

June 10, 20230Comments

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Business

The ‘magic’ of one WhatsApp, multiple phones; its benefits, flaw

By Sonny Aragba-Akpore In November 2022, Meta Platforms Inc, owners of WhatsApp, Facebook, Instagram, and others announced that it was tinkering with the idea of introducing a single WhatsApp number on multiple devices. Not many understood it. Shortly after, WhatsApp began making multidevice features available to everyone. But it didn’t support multiple phones. It also began…

May 13, 20230Comments

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Business

Harnessing the Use of Technology as a Way of Boosting Women’s Businesses and Closing the Gender Gap

By Mojirayo Ogunlana-Nkanga There is no gainsaying the fact that there has been a huge and radical transformation of the global trade environment. This is due to the advancement in technology, specifically information and communications technologies (ICT). This has brought about an expansion in the market. We are no longer constrained to physical markets but…

April 21, 20230Comments

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Business

Understanding AMCON: What Does it Mean for Me?

The Asset Management Corporation of Nigeria (AMCON) was established by an Act of the National Assembly on July 19th, 2010, primarily to resolve the nation’s banking sector crisis and restore stability to its economy. It purports to do so by purchasing Non-Performing Loans from eligible financial institutions and effectively managing or disposing of them. However,…

February 10, 20230Comments

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Business

Taiwo Oyedele speaks about new CBN cash withdrawal limits on individuals, MSMEs and Tax implications

Says the conditions for excess cash withdrawals could include a Tax Identification Number A recent editorial by ThisDay newspaper posited that “the interest of bank depositors is paramount.” The incisive editorial further observed thus: “While we concede that the new rules are consistent with the CBN cashless policy to promote a credible and efficient payment system, the interest of bank…

December 13, 20220Comments

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Business Opinion

Experts differ on CBN’s plan to redesign the naira

“The value of the Naira will never rise or recover until the present crop of leeches sucking our economy dry are dislodged from power and brought to justice to account for the trillions and trillions of Naira/dollars they have stolen from our commonwealth over the years and the concomitant punishment their wickedness has inflicted on…

October 27, 20220Comments

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Business

Allegations mount over government’s alleged complicity in oil theft

By Lillian Okenwa “The NNPC acquired a software seven years ago to monitor and track every tanker loading fuel in Nigeria and that software was installed with about 50 billion Naira.” Falana, SAN It has since been reported that operatives of Tantita Security Services Limited, the surveillance outfit of ex-militant leader, Government Ekpemupolo, alias Tompolo,…

October 17, 20220Comments

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Business

Bank of Expertise and Intellectual Capital unveiled

A Lagos-based International Graduate School, CIAPS (the Centre for International Advanced and Professional Studies) has unveiled a Bank of Commonwealth Expertise and Intellectual Capital. The initiative tagged CIAPS Network of Academics and Professionals (CNAP) has been conceived as a Commonwealth Network of selected Academics, Certified Experts, and Professionals that interact to share views, opportunities, and…

August 29, 20220Comments

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Business

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