BUSINESS

Reps halt CBN’s cash withdrawal limits policy

Daily Dispatch December 8, 2022

The House of Representatives on Thursday mandated authoritities of Central Bank of Nigeria (CBN) to halt the proposed revised cash withdrawal limits policy expected to commence on the 9th January, 2023, in response to public outcry. The resolution was passed sequel to the adoption of a motion

BUSINESS

Reps summon Emefiele over CBN cash withdrawal limits

Daily Dispatch December 8, 2022

The House of Representatives has criticised the new policy introduced by the Central Bank of Nigeria which, among others, sets limits to cash withdrawals at the Deposit Money Banks and other financial institutions. Consequently, the House summoned the Governor of the CBN, Godwin Emefiele, to come and explain the policy to the parliament. He is […]

BUSINESS

MPI:Govt’s strategy to alleviate more Nigerians out of poverty, says BMO

Daily Dispatch December 7, 2022

The National Bureau of Statistics’ (NBS’) recent National Multidimensional Poverty Index (MPI) Report which showed that 133 million Nigerians were multi-dimensionally poor was the government’s strategy to identify and alleviate more Nigerians out of poverty, according to the Buhari Media Organisation (BMO) in a press statement issued in Abuja. BMO said this was contrary to

BUSINESS

More winners to emerge in the ongoing Polaris Save & Win Promo

Daily Dispatch December 7, 2022

…as 2nd draw holds on December 8 The second draw of the on-going Polaris Bank Save & Win promo is scheduled to hold on Thursday December 8, 2022. The draw which will be conducted electronically, will hold at the Bank’s Victoria Island, Lagos headquarters, and will be broadcast live on the Bank’s social media channels […]

BUSINESS

Oyo Govt. Frieslandcampina partner on livestock breeding, dairy production

Daily Dispatch December 7, 2022

The Oyo State Government has partnered with a dairy company, Friesland Campina WAMCO to commence livestock breeding and dairy production. Speaking during a visit by a team from the dairy company, the Director General, Oyo State Agribusiness Development Agency (OYSADA), Dr. Debo Akande, noted that the Fasola Agribusiness Industrial Hub is a pilot project which […]

BUSINESS TOP STORIES

CBN limits cash withdrawals to N100,000 weekly

Daily Dispatch December 6, 2022

…to limit POS withdrawals to N20,000 daily The Central Bank Of Nigeria has imposed fresh cash withdrawal limits on individuals and organisations, 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, individuals will only be able […]