BUSINESS

CBN insists it followed the Law, due process for Naira redesign

Daily Dispatch October 29, 2022

Im an apparent response to claims by the Minister of Finance, Budget and National Planning, Zainab Ahmad, that her ministry was not carried along by the Central Bank of Nigeria (CBN), in the ongoing process of redesigning three series of the Naira, the Bank insists it followed the law and due

BUSINESS

Price Hike: IPMAN threatens to withdraw members’s service in south east by Emeruwa Emeruwa

Daily Dispatch October 28, 2022

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened to withdraw their service over incessant increment on the price of premium motor spirit in the Eastern part of the country.  The marketers lamented that the private depots are the cause of the hike in the price, stressing that they are buying from them at […]

BUSINESS

Redesign: UBA opens Saturdays for naira notes deposit

Daily Dispatch October 28, 2022

The United Bank for Africa has adjusted its opening hours to enable customers to deposit their existing naira notes pending the circulation of new ones in December 2022. This Central Bank of Nigeria announced the redesign of naira notes on Wednesday, stating that the new notes will come into circulation on December 15. As a […]

BUSINESS

CBN asked to remove arabic inscription from redesigned naira notes

Daily Dispatch October 27, 2022

The Central Bank of Nigeria, CBN, has been asked to remove the Arabic inscription from the redesigned naira notes. Tever Akase, Senior Special Assistant to Governor Samuel Ortom on Media and Publicity, said all Nigerian languages should be on the currencies, not Arabic. In a tweet, Akase lamented that Arabic is not Nigeria’s second official […]

BUSINESS

100 millionaires emerge at Dangote promo

Daily Dispatch October 27, 2022

More than 100 customers became instant millionaires across the country on Wednesday in the ongoing Dangote Cement Plc Bag of Goodies Consumer Promo Season 3. The company disclosed this in a statement by Mr. Anthony Chiejina, Group Chief Branding and Communication Officer, Dangote Industry Ltd on Thursday in Lagos. According to the statement, in Lagos […]

BUSINESS

Jabi Lake Mall shuts down as terrorist attack fear spreads in Abuja

Daily Dispatch October 27, 2022

Jabi Lake Mall, one of the popular shopping outlets in the Federal Capital Territory (FCT), has shut down. The development comes amid the tension of a possible terrorist attack in Nigeria’s capital. At least, five foreign missions issued a warning notice to their citizens to avoid non-essential trips to Nigeria’s capital over possible attack. In […]