BUSINESS

Breaking: CBN Imposes Restrictions On Large Cash Withdrawals

Daily Dispatch November 23, 2022

The Central Bank of Nigeria governor, Godwin Emefiele, has said that restrictions will be imposed on large cash withdrawals. He said this on Wednesday at the unveiling of the newly-redesigned Naira notes at the State House. “We will go forward to insist that cashless will be nationwide. We will

BUSINESS

FG to grow oil reserves to 40bn barrels by 2025 – Sylva

Daily Dispatch November 23, 2022

Chief Timipre Silva, Minister of Petroleum Resources, says one of the key mandates of the ministry is to grow oil reserves from the current 37 billion barrels to 40 billion barrels by 2025. Sylva said this on Tuesday at the official ground-breaking of the Oil Prospecting Licenses (OPLs) 809 and 810 at the Kolmani River […]

BUSINESS

FAAC shares N736.782bn October revenue to FG, States and LGCs

Daily Dispatch November 23, 2022

The Federation Account Allocation Committee (FAAC) has shared a total sum of N736.782 billion October 2022 Federation Account Revenue to the Federal Government, States and Local Government Councils. This was contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting for  November 2022.  The N736.782 billion total distributable

BUSINESS

BUA, Northwest Petroleum… BPE pre-qualifies four firms for Calabar, Kano FTZs concession

Daily Dispatch November 23, 2022

The Bureau of Public Enterprises (BPE) has pre-qualified four firms and issued them with the request for proposal (RFP) for the concession of the Calabar and Kano free trade zones (FTZs). Alex Okoh, BPE director-general, announced the pre-qualification at the bidders’ pre-bid conference for the concession of the two FTZs in Abuja on Monday. He […]

BUSINESS

Naira redesign: CBN receives N165bn worth of old notes

Daily Dispatch November 23, 2022

The Central Bank of Nigeria (CBN) has received a total of N165 billion so far following its call on Nigerians to deposit all old notes in circulation. CBN’s Director of Currency Mr Rasheed Adams said this at a post briefing of the Monetary Policy Committee (MPC) meeting in Abuja on Wednesday. He explained that the […]

BUSINESS

Pictorial: Redesigned Naira notes surfaces

Daily Dispatch November 23, 2022

The newly designed Naira notes, on Wednesday, surfaced online ahead of the unveiling announced by the Governor of Central Bank of Nigeria, Godwin Emefiele. The PUNCH had earlier reported that the President, Major General Muhammadu Buhari (retd.), will on Wednesday unveil the new notes at the Villa. The newly designed naira notes to be unveiled […]