Central Bank of Nigeria Reduces ATM Withdrawal Charges

BusinessMoneyCentral Bank of Nigeria Reduces ATM Withdrawal Charges

Hassan Umar Shallpella (Regional Correspondent)January 31, 2022

ABUJA — The Central Bank of Nigeria (CBN) has reduced ATM withdrawal charges, inter-bank transfer fees as it issues a downward review of charges for electronic banking transactions in its revised guidelines to charges by Banks, Other Financial Institutions (OFIs), and Non-Bank Financial Institutions. According to the circular by Chibuzor Efobi, the Director, Financial Policy and Regulation Department, titled  “Re: Guide To Charges By Banks, Other Financial And Non-Bank Financial Institutions”. The CBN stated that the review...

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E-ticketing is The Way to Go- NRC

BusinessNewsE-ticketing is The Way to Go- NRC

PilotnewsJanuary 30, 2022

ABUJA — The Nigerian Railway Corporation (NRC) has reiterated the importance of e-ticketing platform in the purchasing of tickets across the country, saying it’s the way to go. Mr. Fidet Okhiria, NRC’s Managing Director, made this known in an interview with the News Agency of Nigeria( NAN) on Sunday in Abuja. ”E-ticketing is the way to go. We have started and we have made significant progress in Kaduna -Abuja train service and we are also...

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NRC to Train Staff on Customer Relations

BusinessTravelNRC to Train Staff on Customer Relations

PilotnewsJanuary 30, 2022

ABUJA — The Nigerian Railway Corporation (NRC) said one of its cardinal programmes for 2022 was to train its staff on customer relations. Mr. Fidet Okhiria, NRC’s Managing Director, disclosed this in an interview with the News Agency of Nigeria(NAN) on Sunday in Abuja. Okhiria commended NRC staff for maintaining high discipline when carrying out their responsibilities. He however said more training especially in customer relations was necessary to help the staff relate more and...

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Lagos Train Tickets to Cost N200 to N300 Per Trip

BusinessTransportationLagos Train Tickets to Cost N200 to N300 Per Trip

Beloved John (Staff Writer)January 29, 2022

LAGOS — Babajide Sanwo-Olu, governor of Lagos, has announced that residents will pay between N200 and N300 for train tickets in the state. He indicated this when he featured on Sunrise Daily, a Channels Television programme on Friday. Speaking on his administration’s plan for transportation in 2022, the governor said the vision of his government is to reduce traffic and the time commuters spend on the road. “Time is money and we need to move...

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33 Successful Bidders Lose FG’s Marginal Oil-Field Awards

BusinessNewsOil & Gas33 Successful Bidders Lose FG’s Marginal Oil-Field Awards

Bada Yusuf Amoo (Correspondent)January 28, 2022

ABUJA — A total of 128 awardees that emerged as successful bidders in the 2020 Marginal Field Bid Round have made complete and part payments for signature bonuses in the oil fields, the Federal Government said on Thursday. It also disclosed that 33 awardees did not make payments during the 45 days window given to successful bidders to pay the required signature bonuses for the oil fields and as such had lost their awards to...

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Dangote Maintains Rank As Forbes’ Richest Man in Africa

AfricaBusinessWealth and InheritanceDangote Maintains Rank As Forbes’ Richest Man in Africa

PilotnewsJanuary 25, 2022

Alhaji Aliko Dangote has retained his position as the richest man in Africa, with a net worth of $12.1 billion, according to the 2022 edition of the Forbes’ Top 10 Africa’s Billionaires List. This is contained in a post on their verified Twitter account @Forbes. According to the report, for the 11th year in a row, Aliko Dangote of Nigeria is the continent’s richest person, worth an estimated $13.9 billion, up from $12.1 billion in...

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Fuel Subsidy: Federal Govt Extends Deadline

BusinessOil & GasFuel Subsidy: Federal Govt Extends Deadline

Hassan Umar Shallpella (Regional Correspondent)January 25, 2022

ABUJA — Minister of State for Petroleum Resources, Timipre Sylva said the subsidy of fuel will last for another 18months, pending when an amendment in the Petroleum Industry Act will be forwarded to the National Assembly. He gave this indication on Tuesday while briefing State House Correspondents in Abuja, explaining that the rehabilitation of refineries are ongoing, while Dangote refinery is almost coming on stream. “President Muhammadu Buhari being aware of the negative implications of...

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MSME Survival Fund: Beware of fraudsters, FG cautions Nigerians

BusinessCrime & SecurityMSME Survival Fund: Beware of fraudsters, FG cautions Nigerians

PilotnewsJanuary 17, 2022

ABUJA  — The Federal Government has cautioned Nigerians to beware of the activities of fraudsters claiming to be disbursing Micro, Small and Medium Enterprises (MSME) Survival Fund of 80, 000 naira. A statement issued on Monday by Mr. Tola Johnson, Coordinator, Project Delivery Office (PDO) of the Federal Government’s MSME Survival Fund Scheme said the fraudsters try to steal from unsuspecting members of the public. “The fraudsters scam the public under the guise of the...

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Governor Tambuwal Rejects National Bureau of Statistics’ Ranking

BusinessEconomyGovernor Tambuwal Rejects National Bureau of Statistics’ Ranking

Hassan Umar Shallpella (Regional Correspondent)January 17, 2022

SOKOTO — Governor Aminu Waziri Tambuwal has rejected the National Bureau of Statistics’ ranking of Sokoto as the poorest state despite being the largest onion producer in the country. Tambuwal spoke when he received the Chairman of Media Trust Limited (MTL), Malam Kabiru Yusuf, who paid him a courtesy call, commended the management of the MTL for establishing Trust Television, which would help in telling the rest of the world the truth about the North...

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ICT Experts Reacts To Lifting Of Ban On Twitter

BusinessICT Experts Reacts To Lifting Of Ban On Twitter

Hassan Umar Shallpella (Regional Correspondent)January 14, 2022

ABUJA  — Following the lifting of the ban on Twitter by the federal government after seven months of suspension, Information Communication Technology experts have reacted to the development and described the move as commendable. They however, advised on the need to use the social media platforms responsibly. Ikechukwu Nnamani, President Association of Telecommunications Companies of Nigeria (ATCON), who said telecommunications operators have been clamouring for the ban to be lifted, noted that it will improve...

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