BUSINESS FEATURES

Many FCT residents allege banks officials hoarding, selling cash

Daily Dispatch February 6, 2023

FCT residents have continued to face difficulty in accessing the newly redesigned Naira notes, attributing the challenge to bank officials, who they say allegedly hoard and selling the legal tender. The stakeholders urged the Central Bank of Nigeria (CBN) to impose heavy sections on Deposit

BUSINESS

Naira redesign good for economy – UBA CEO, Alawuba

Daily Dispatch February 6, 2023

Group Managing Director and Chief Executive Officer of United Bank for Africa (UBA) Plc, Chief Oliver Chukwudum Alawuba, has described the Naira redesign as the best thing that could happen to Nigerian economy at this time. He assured Nigerians that the deposit monetary banks were working assiduously with the Central Bank of Nigeria (CBN) to […]

BUSINESS

Dangote hits Ogun, Kaduna trade fair, promises more investments

Daily Dispatch February 5, 2023

As part of strategies to expand market share and reach more customers, the management of the Pan-African conglomerate, Dangote Group, has announced its partnership with Ogun and Kaduna states Chamber of Commerce and Industry to stage this year’s International trade fair with a promise to invest more in Nigeria’s economy. To this end, the Group […]

BUSINESS

Breaking: N195 pump price, marketers plan shutdown on Monday

Daily Dispatch February 5, 2023

Independent marketers of Premium Motor Spirit, popularly called petrol, are getting set to shut down operations beginning from Monday once the government starts the enforcement of N195/litre pump price. It was gathered on Saturday that the Nigerian National Petroleum Company Limited, Major Oil Marketers Association of Nigeria, Depot and Petroleum Products Marketers

BUSINESS

GTBank hoarding new Naira notes, customer alleges

Daily Dispatch February 4, 2023

A female account holder of the Guaranty Trust Bank has alleged that the staff of the Guaranty Trust Bank (GTB) are hoarding the new naira notes. In a video made available to The Conclave, the woman said that she received a mail that she can withdraw money over the counter and went to the Broad […]

BUSINESS

Zulum threatens to revoke banks’ land over failure to dispense new naira notes

Daily Dispatch February 4, 2023

Except for those with verifiable constraints such as lacking supplies from the CBN, Borno State Governor, Professor Babagana Umara Zulum has directed that any bank which refuses to dispense new naira notes via Automated Teller Machines (ATMs) and banking halls should have its land revoked by the state government. Zulum issued the directive on Friday […]