Labour readiness: ITF Trains 6,670 youths, women in 2023

BusinessEducationNewsNigeriaLabour readiness: ITF Trains 6,670 youths, women in 2023

By Uzoamaka Ikezue (Staff Reporter)November 30, 2023

The Industrial Training Fund (ITF) has disclosed it trained and equipped about 6,670 youths and women in various skills across Nigeria in 2023. Director General of ITF, Dr. Afiz Oluwatoyin Ogun disclosed this on Thursday at the graduation ceremony and distribution of start-up packs to beneficiaries of the 2023 National Industrial Skills Development Programmes (NISDP) in Abuja. Ogun who was represented by Olasupo James Abimbola, Director of Technical Vocational Skills Training Development Department in ITF,...

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The Delborough, a New World Class Luxury Hotel Opens in Lagos

BusinessNewsNigeriaThe Delborough, a New World Class Luxury Hotel Opens in Lagos

Ebuka Onyekwelu (Staff Writer)November 29, 2023

A new world-class luxury hotel, favorably comparable to the best of hotels in advanced cities of the developed world, has opened in Lagos, Nigeria’s economic capital. The hotel, a blend of excellent craft and the best combination of human and material resources in the known world is an elaborate manifestation of human excellence. The building construction executed by Kasso Engineering, a Turkish construction firm that for over 45 years has consistently delivered world-class construction works...

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Supreme Court: Old Naira notes won’t expire on 31 December

BusinessNewsNigeriaSupreme Court: Old Naira notes won’t expire on 31 December

By Ezinwanne Onwuka (Senior Reporter)November 29, 2023

…CBN order banks to issue, accept old and new notes. The old N200, N500 and N1000 banknotes will continue to be in use beyond 31 December 2023, the Supreme Court in Abuja ruled on Wednesday. The court overruled an earlier order it gave in March that pegged the deadline for the validity of the old naira notes by the end of the year. The court’s judgement was in favour of the federal government who, last...

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Wema Bank emerges overall winner for second time at Nigeria bankers’ games

BusinessNewsNigeriaWema Bank emerges overall winner for second time at Nigeria bankers’ games

By Ezinwanne Onwuka (Senior Reporter)November 25, 2023

The Wema Bank has emerged winner of the Nigerian Bankers Games (NBG) 2023, maintaining the winning streak for the second year. According to a report made available to journalists, the grand finale of the annual sporting event, held at the University of Lagos Sports Center, saw the defending champions defeating other competing banks to emerge the overall winner. The games kicked off on the 21st of October, and on the journey to the finals, Wema...

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President Tinubu woos German investors at G20 Summit

BusinessEconomyNewsNigeriaPresident Tinubu woos German investors at G20 Summit

By Ezinwanne Onwuka (Senior Reporter)November 22, 2023

President Bola Tinubu, on Monday, enthusiastically marketed Nigerians to the international community at the G20 Compact with Africa summit taking place in Berlin. According to the President, beyond the abundant natural resources in the country, Nigeria’s young population makes it an attractive investment destination. “We are eager and ready to partner with you,” President Tinubu said at a panel discussion titled, “Fostering Local Value Chains and Investments in Africa – The Role of the German...

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There’s no expiry dates for old N200, N500 and N1000 banknotes – CBN

BusinessNewsNigeriaThere’s no expiry dates for old N200, N500 and N1000 banknotes – CBN

By Ezinwanne Onwuka (Senior Reporter)November 15, 2023

The Central Bank of Nigeria, CBN, has some good news for Nigerians: the old N200, N500 and N1,000 notes will remain legal tender beyond December 31, 2023. The central bank announced the introduction of redesigned N200, N500 and N1,000 banknotes in October 2022, to rein in excess cash, fight crime and kidnapping, and address inflation and counterfeiting. The CBN gave Nigerians only six weeks to swap the old notes for new ones. The deadline was...

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Old, New Naira Notes Remain Legal Tender-CBN

BusinessNewsNigeriaOld, New Naira Notes Remain Legal Tender-CBN

By Uzoamaka Ikezue (Staff Reporter)November 10, 2023

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...

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

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

Ebuka Onyekwelu (Staff Writer)November 8, 2023

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,...

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Nigeria Institute of Architects Holds Annual Conference in Awka

BusinessNewsNigeriaNigeria Institute of Architects Holds Annual Conference in Awka

Ebuka Onyekwelu (Staff Writer)October 28, 2023

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...

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

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

PilotnewsOctober 26, 2023

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...

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