BUSINESS

Gov of Central Bank In Nigeria Emefiele Speaks on the Issuance of New Naira Banknotes

Daily Dispatch October 27, 2022

Full Text. Good afternoon Ladies and Gentlemen, and welcome to this special press briefing of the Bank. We have called this gathering to inform relevant stakeholders and the general public of persisting concerns we are facing with the management of our current series of banknotes, and currency

BUSINESS

CBN set to mop up N3.23 trillion in three months

Daily Dispatch October 27, 2022

The Central Bank of Nigeria(CBN) is set to mop up the sum of N3.23 trillion from circulation to tackle rising inflation. CBN Governor Godwin Emefiele made the announcement during a special briefing in Abuja Wednesday. He said the figure (N3.23 trillion) cash in circulation as of September 2022, N2.73 trillion is outside the vault of […]

BUSINESS

CBN to redesign N200, N500 and N1,000 notes

Daily Dispatch October 26, 2022

The Central Bank of Nigeria (CBN) on Wednesday said it will redesign the N200, N500, and N1,000 notes.  CBN Governor, Godwin Emefiele, disclosed this during a special press briefing in Abuja.  The new design and issues will be effective from December 15, 2022. The action was taken in order to take control of the currency […]

BUSINESS

FIRS commences direct collection of taxes from online gaming operators

Daily Dispatch October 26, 2022

The Federal Inland Revenue Service (FIRS) has stated that it has commenced the deduction of taxes at transaction points from Online Gaming Transactions using the Sentinal National Payment Gateway and Electronic Solution.  In a Public Notice signed by its Executive Chairman, Muhammad Nami, the Service while directing full compliance by the online gaming

BUSINESS

How to win N1m in Polaris Save & Win Promo

Daily Dispatch October 26, 2022

Polaris Bank is giving away millions of Naira in cash prices and other special rewards in its ongoing Save & Win promo. Over 4300 Nigerians will win varying cash prizes ranging from N25,000 to N1million in the promotion. Below are four basic steps to qualify for a chance to win in the ongoing promo: 1. […]

BUSINESS

Fuel scarcity: IPMAN blames private depots over hike in fuel price

Daily Dispatch October 25, 2022

The Independent Petroleum Marketers Association of Nigeria (IPMAN), Western Zone, has attributed the increase in the pump price of Premium Motor Spirit to the hike in private depot prices. Alhaji Dele Tajudeen, Chairman, IPMAN Western Wone, disclosed this an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos. Tajudeen, while condemning the increase,