Naira Redesign: ATMs to Dispense N200, N100 from 9 January

BusinessNewsNaira Redesign: ATMs to Dispense N200, N100 from 9 January

By Ezinwanne Onwuka (Senior Reporter)December 11, 2022

The Central Bank of Nigeria (CBN) on Tuesday directed commercial banks to load only N200 and lower denominations into their Automated Teller Machine (ATM) starting from 9 January 2023. The directive is contained in a memo on the revised cash withdrawal policy, a sequel to the naira redesign policy, to deposit money banks and other financial institutions by the CBN. The memo was signed by the CBN director of banking supervision, Haruna Mustafa. Other policies...

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NDIC Recovers N8.3 Billion Naira From Banks

BusinessNewsNigeriaNDIC Recovers N8.3 Billion Naira From Banks

Hassan Umar Shallpella (Regional Correspondent)December 11, 2022

The Nigeria Deposit Insurance Corporation (NDIC) says it has helped depositors recover eight point three billion naira from their banks and had resolved two hundred and forty-eight customer complaints. Mr. Bello Hassan said the complaints bothered unauthorized withdrawals which accounted for the highest number of one hundred and ninety cases, P.O.S issues accounted for thirty-three, and fraud cases which accounted for twenty-five. The Managing Director of the corporation stated this at the forty-third Kano International...

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Buhari Unveils New Naira Notes As CBN Plans to Reduce Volume of N500, N1000 in Circulation

BusinessNewsNigeriaBuhari Unveils New Naira Notes As CBN Plans to Reduce Volume of N500, N1000 in Circulation

By Ezinwanne Onwuka (Senior Reporter)November 24, 2022

President Muhammadu Buhari on Wednesday launched the redesigned 200-, 500- and 1,000-naira notes at the Council Chambers of the State House shortly before the commencement of the Federal Executive Council (FEC) meeting. This is coming a few weeks after the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, disclosed plans, backed by the President, to redesign the currency notes. In his speech, President Buhari said the redesigning of the naira notes would not only...

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In partnership with AMEC, P+ Measurement Services organizes annual Measurement Month in Nigeria

BusinessEducationNigeriaIn partnership with AMEC, P+ Measurement Services organizes annual Measurement Month in Nigeria

PilotnewsNovember 22, 2022

In collaboration with the International Association for the Measurement and Evaluation of Communication, AMEC, the leading intelligence agency in Nigeria, P+ Measurement Services, declared its interest to host the annual AMEC Measurement Month (#AMECMM) to enlighten PR and communications experts and professionals in Nigeria. The event is slated to take place on November 25th, 2022 from 12 pm to 1:30 pm (WAT). The purpose of this event, which will be held virtually on the Google...

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Digital Economy: “Nigeria Still has a Long way to go” – Geeksvillage founder

BusinessEconomyNewsNigeriaDigital Economy: “Nigeria Still has a Long way to go” – Geeksvillage founder

Ebuka Onyekwelu (Staff Writer)November 17, 2022

Digital economy has gained traction in the lexicon of Nigeria’s public office seekers, to the extent that many “youth empowerment” programmes of power seekers now contain some sort of activities relating to acquisition of digital skills, by the citizenry. But in reality, many of those with thriving digital footprints, set out on their own without any form of “empowerment”. This is the story of Geeksvillage, just like many other digital and tech solution providers in...

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Patoranking Joins Konga as Brand Ambassador

Arts & CultureBusinessPatoranking Joins Konga as Brand Ambassador

By Ezinwanne Onwuka (Senior Reporter)November 11, 2022

LAGOS — Konga, Nigeria’s leading e-commerce company, has signed a major brand ambassadorship deal with Nigerian reggae-dancehall singer and songwriter, Patoranking. The partnership deal was sealed on Thursday, 3 November 2022 at Yudala Heights, Victoria Island, Lagos. The deal, which will run for a year, subject to renewal, will see Patoranking represent Konga as its lead brand ambassador and feature in the company’s promotional materials and campaign adverts. Speaking at the event, Dave Omoregie, the...

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Metro-Digital Limited To Acquire Some Multichoice Channels

BusinessFilm & TVNewsMetro-Digital Limited To Acquire Some Multichoice Channels

Hassan Umar Shallpella (Regional Correspondent)November 10, 2022

An end to years of monopoly in the digital broadcasting industry, the National Broadcasting Commission (NBC) has directed Multichoice to sublicense some of its channels to an indigenous digital broadcasting firm, Metro-Digital Limited. In a letter dated October 25, 2022, signed by the Commission’s Head of Legal, George Obi on behalf of the NBC Director-General said the directive was based on the provisions of the NBC Code as amended. The NBC letter, addressed to the...

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Real Reason Soludo Moved Trade Component, from the Ministry of Commerce and Industry

BusinessEconomySpecial ReportReal Reason Soludo Moved Trade Component, from the Ministry of Commerce and Industry

Ebuka Onyekwelu (Staff Writer)November 10, 2022

More facts have emerged as to why the Governor of Anambra State, Prof. Chukwuma Soludo, has moved a segment of what was before now known as the Ministry of Trade, Commerce and Industry, to his office. The Ministry which was renamed on Monday during the State Executive meeting at the Exco Chambers in Anambra State Government House, transformed into the Ministry of Industry. Although it retained the commerce component, the trade component was moved to...

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Verified Twitter Users Express Willingness to Lose ‘Blue Tick’ as Elon Musk Announces $8 Monthly Charge for Verified Accounts

BusinessNewsVerified Twitter Users Express Willingness to Lose ‘Blue Tick’ as Elon Musk Announces $8 Monthly Charge for Verified Accounts

By Ezinwanne Onwuka (Senior Reporter)November 2, 2022

Multiple Twitter users with verified accounts have said they would be happy to lose their ‘blue ticks’ after Twitter’s new boss, Elon Musk, announced an $8 monthly charge for verified accounts. This is coming days after Musk’s plans to charge for Twitter verification had leaked, with Daily Mail reporting that it would cost $20 per month. “Twitter’s current lords and peasants system for who has or doesn’t have a blue checkmark is bullshit. Power to the people! Blue...

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Amazon Web Services, Inc. (AWS), A Subsidiary of Amazon, Has Opened its First Office in Nigeria

BusinessInvestingAmazon Web Services, Inc. (AWS), A Subsidiary of Amazon, Has Opened its First Office in Nigeria

By Ezinwanne Onwuka (Senior Reporter)November 1, 2022

According to the firm’s regional manager of Sub-Saharan Africa, Ms. Amrote Abdella, who spoke on Tuesday, the new office was launched in Lagos State. Abdella said the company chose Lagos because it “offers a highly skilled and creative talent pool, and the area is home to many fast-growing startups and notable Nigerian enterprises leading the way in digital innovation.” She said the move was part of AWS’s support for the growing number of customers and...

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