Old, New Naira Notes Remain Legal Tender-CBN

The Central Bank of Nigeria (CBN) has clarified that all Naira notes issued by it remain legal tender. Isa AbdulMumim, CBN’s Director of Corporate Communications Department, clarified a statement on Wednesday against the backdrop of the reported scarcity of Naira notes across some major cities in the country. He said there is sufficient cash stock in all locations across the country. AbdulMumim stated that all branches of the apex bank across the country have been...

Moghalu to speak at the Intra-African Trade Fair in Cairo

Professor Kingsley Moghalu, former Deputy Governor of Nigeria’s Central Bank and President of the Institute for Governance and Economic Transformation – IGET, has been appointed the Chairman of the Africa Private Sector Summit – APSS, a pan-African organization, with a focus on creating an enabling business environment in Africa. In the coming days, Moghalu will be the keynote speaker of the Joint African Continental Free Trade Agreement – AFCFTA private sector session, with the APSS,...

Nigeria Institute of Architects Holds Annual Conference in Awka

The Nigeria Institute of Architects –NIA, Anambra State chapter, on Friday had its annual conference in Awka, the state capital. The conference held at the Oba Nwandu Resource Center in the Department of Architecture in Nnamdi Azikiwe University, Awka, was well attended by architects and engineers in the building and construction industry across Anambra State, as well as students. The conference which was supported and sponsored by Etex Group, owners of Kalsie Ceil ceilings and...

AWEAA Excels at Fidelity Bank’s International Trade and Creative Fair Debut in Houston

Houston was set agog October 24-25 when the Fidelity Bank Plc. Nigeria unveiled its premier international trade and creative fair in Houston, Texas. The just concluded event called the “Fidelity International Trade & Creative Connect” (FITCC) attracted the brightest minds and industry leaders who swapped ideas, created trade/business partnerships, and navigated the ever-evolving landscape of international trade, exports, and creative connections. Among a long list of participants, partners, exhibitors, and supporters is the Academy for...

S African Development Foundation CEO Travis Adkins visits Nigeria

President/CEO of the US African Development Foundation, USADF, Travis Adkins will be in Nigeria from October 16 to October 20. The USADF is an independent US government agency established to invest directly in African grassroots enterprises and social entrepreneurs. Adkins will visit Lagos State and the nation’s capital Abuja to deepen economic engagement and investment ties with Nigerian grassroots enterprises and social entrepreneurs. “In Abuja, P/CEO Adkins will engage with USADF grantees in the agricultural...

Google, KDSG To Train 5,000 females In Data Science, Artificial Intelligence

Google in partnering with the Kaduna State Government is to train 5,000 women and girls in data science, artificial intelligence, and entrepreneurial applications of digital technologies. Rabi Salisu, Kaduna State Commissioner for Human Services and Social Development disclosed this at a Roundtable on ‘Mainstreaming Girl Child Education in Kaduna State, Challenges and Policy Recommendations for Families and Government.’ The roundtable, held in Kaduna, was organized by the Kukah Centre in partnership with HJDP Church and Society....

CBN lifts foreign-exchange ban on 43 items

The Central Bank of Nigeria, CBN, has ended an eight-year ban on 43 items that had been restricted from accessing foreign exchange, forex, on the official market. The importers of all the previously restricted items “are now allowed to purchase foreign exchange in the Nigerian foreign exchange market,” Isa AbdulMumin, CBN’s director of corporate communications said in a statement on Thursday. In 2015, the CBN banned manufacturers and importers of the items from accessing forex...

House of Reps task CBN to address naira depreciation

The House of Representatives has tasked the Central Bank of Nigeria, CBN, to address the steep downward slide of the naira against the US dollar. The naira is exchanged for over N1,000/$1. During plenary on Tuesday, Hon. Ismail Dabo (APC, Bauchi) lamented that the naira has been on a free fall against the USD since the central bank, with the backing of the federal government, introduced the currency float policy, which now permits market forces...

IRETI, health-tech startup emerges Wema Bank’s Hackaholics 4.0 winner

IRETI, a health-tech startup that helps women to bridge the gap and manages breast cancer, has emerged winner of the Wema Bank’s Hackaholics 4.0. Reports have it that the winner was announced at the weekend during the Wema Bank/ALAT Hackaholics Digital Summit and Grand Finale tagged ‘Re-imagine: Disrupting the Ecosystem for Scale’ held in Lagos. The grand event which was pioneered by the bank succinctly addressed and provided solutions to issues faced by startups and...

Federal Government To Make Ajaokuta Free Trade Zone

The Federal Government is planning to make the Ajaokuta environ a Free Trade Zone to attract Foreign Direct Investment (FDI) and to diversify the economy of the country. Prince Shuaibu Abubakar-Audu, Minister of Steel Development revealed this during a visit to the Ajaokuta Steel Company Limited (ASCOL) on Wednesday, as he took a tour of the complex. Abubakar-Audu said that the visit was aimed at getting first-hand knowledge of the problems that halted production in...

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