By Gbenga Oloniniran, Punch Newspaper …to limit POS withdrawals to N20,000 daily The Central Bank Of Nigeria has imposed fresh cash withdrawal limits on individuals and organizations, which takes effect from January 9, 2023. According to a new memo to banks issued on Tuesday and signed by the Director of Banking Supervision, Haruna B. Mustafa,
By Biodun Busari, Vanguard Newspaper The Federal Government has published the nine oil-producing States that are beneficiaries of the disbursed N625.43 billion 13% oil derivation fund in 2021 and 2022 according to a press release by the Senior Special Assistant to the President, Garba Shehu on Friday. In the statement, the states that benefited from
By Richard Ndoma, Leadership Newspaper Chairman of the Fiscal Responsibility Commission, Mr. Victor Muruako has disclosed that domestic debt owed by six States in the South-South geo-political zone of Nigeria has reached N988.06 billion while the zone’s foreign debt stood at $873.3 million. The figure, according to the FRC Chairman, is the debt profile for
By Archibong Jeremiah Fuel and transportation prices have increased in Calabar, the Cross River State capital. The gradual increase started last week when petrol stations within the city center increased their price to N180 per liter, those outside (8 Miles) sold a liter N200, but transportation price was not affected at this point. Today, Tuesday,
By Our Reporter The Foundation for Partnership Initiative in the Niger Delta (PIND) and the Cocoa Research Institute of Nigeria (CRIN) are set to onboard and certify 14 commercial cocoa seed entrepreneurs. The certificate issuance will occur on November 8, 2022, at CRIN’s headquarters in Ibadan, Oyo State. In 2021, PIND and CRIN signed a
By Patrick Obia The Governor of Cross River State, Sen. Ben Ayade has presented a three hundred and thirty billion (330) Naira budget for 2023 to the State House of Assembly. The budget is termed the budget of Quantum Infinitum. He said the recurrent expenditure is pegged at one hundred and thirty (130) billion Naira
By News Agency of Nigeria, NAN The average price of 5kg of cooking gas increased from N4,456.56 in August to N4,474.48 in September, the National Bureau of Statistics (NBS) has stated. It stated in its “Cooking Gas Price Watch’’ for September 2022 released on Saturday in Abuja that the September price was a 0.40 per cent increase
By Agence France-Presse, AFP French cement giant Lafarge SA will pay a $778 million fine after pleading guilty to providing material support to Islamic State and other terror groups during the Syrian civil war, the US Justice Department said on Tuesday. Lafarge acknowledged it paid millions of euros to middlemen to keep its Syrian cement