Buhari Gives CBN Approval to Redesign N200, N500, N1,000 Notes

MoneyBuhari Gives CBN Approval to Redesign N200, N500, N1,000 Notes

By Ezinwanne Onwuka (Senior Reporter)October 27, 2022

ABUJA — The Central Bank of Nigeria (CBN) says it has gotten the approval of President Muhammadu Buhari to redesign the N200, N500, and N1,000 notes. The governor of the CBN, Godwin Emefiele, disclosed this at a press briefing in Abuja on Wednesday. Emefiele explained that the redesigning of the local currency is in line with global best practice. According to him, central banks are to redesign, produce and circulate local legal tender every five...

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Corruption: Customs Dismiss Over 2,000 Officers-Hameed Ali

JobsNewsCorruption: Customs Dismiss Over 2,000 Officers-Hameed Ali

Hassan Umar Shallpella (Regional Correspondent)October 22, 2022

In a bid to ensure zero tolerance for corruption, the Nigeria Customs Service (NSC), has dismissed over 2,000 officers in the last seven years for sharp practices in the course of their duties. The Comptroller General of the organization Col. Hameed Ali (Rtd) disclosed this Thursday while reacting to a question on what he had been able to do to rid the service of corrupt officials at the 53rd Session of the State House Briefing organized...

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Ayade Introduces Made-in-Calabar Noodles

BusinessFoodNewsAyade Introduces Made-in-Calabar Noodles

By Ezinwanne Onwuka (Senior Reporter)October 21, 20221

The production of made-in-Calabar noodles, Kisimie noodles, has commenced. This was made known by the governor of Cross River State, Professor Benedict Ayade, via a Facebook post on Thursday. The governor shared a video of his visit to the noodles factory to witness the pre-production works of the concessionaire. Speaking on the product, he said it “is not the type of noodles that you find in the Nigerian market”. He said it is “noodles of...

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You Must Pay 100,000 To Paste Burial Posters Soludo Tells Bereaved Families

BusinessNewsYou Must Pay 100,000 To Paste Burial Posters Soludo Tells Bereaved Families

PilotnewsOctober 13, 2022

By Handel Patrick (Staff Reporter)   AWKA — Anambra State governor, Professor Chukwuma Soludo, has announced payments by families burying their loved ones before they can paste posters of the deceased. A letter by the Managing Director/Chief Executive Officer (CEO) of Anambra State Signage and Advertisement Agency, Mr. Tony Odili Ujubuon͂u, communicating this to community leaders. The letter stated a tax of N100,000 for the display of burial banners across the state, and varying amounts...

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Nigerian Government To Spend Over 20 Trillion Naira In 2023

EconomyNigerian Government To Spend Over 20 Trillion Naira In 2023

Hassan Umar Shallpella (Regional Correspondent)October 8, 2022

ABUJA — President Muhammadu Buhari Friday presented a budget proposal of N20.51 trillion naira to the joint session of the National Assembly in Abuja, which he referred to the 2023 Appropriation as a “budget of fiscal sustainability and transition before he leaves office in May next year. Addressing the session, the President described the oil subsidy regime as grossly unsustainable in the current reality of low revenues occasioned by oil theft and insecurity. President Buhari,...

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Glo Unveils Tobi Amusan As Brand Ambassador

BusinessTelecommunicationGlo Unveils Tobi Amusan As Brand Ambassador

By Ezinwanne Onwuka (Senior Reporter)September 30, 2022

LAGOS — Nigerian multinational telecommunications company, Globacom Limited, has unveiled Tobi Amusan as its newest brand ambassador. The event took place at the Mike Adenuga Towers on Thursday in Lagos. Amusan is the current world, commonwealth, and African champion in the 100m hurdles. Speaking at the unveiling, Amusan expressed delight at joining the likes of Anthony Joshua and Mikel Obi, among others as a global ambassador of the telecommunications giant, promising to be a worthy...

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Soludo Suspends Tricycle Union In Anambra, Orders Operators To Pay Taxes

BusinessNewsTaxationSoludo Suspends Tricycle Union In Anambra, Orders Operators To Pay Taxes

PilotnewsSeptember 30, 2022

By Handel Patrick (Staff Reporter)   AWKA — The Governor of Anambra State, Prof Charles Soludo has suspended tricycle and shuttle bus union operators in the state for six months. In a statement by the Anambra State Commissioner for Information, Paul Nwosu, operators of the tricycle and shuttle bus unions are responsible for the breakdown of law and order in the state. He said, there are conflicts arising from various persons and entities claiming to...

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AfDB’s Akinwumi Adesina says Nigeria needs help with debt burden

AfricaBusinessNewsAfDB’s Akinwumi Adesina says Nigeria needs help with debt burden

Beloved John (Staff Writer)September 24, 2022

Nigeria needs help from the international community in tackling its debt burden according to Akinwumi Adesina, president of the African Development Bank (AfDB). He disclosed this Nigeria International Economic Partnership Forum in New York on Thursday. He stated that financing is critical to solving Nigeria’s development challenges. “Financing is critical because the debt to GDP ratio of Africa has increased to 70 percent — several countries are the risk of high debt distress due to...

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Buhari May Present 2023 Budget to N’assembly in October — Gbajabiamila

EconomyNewsBuhari May Present 2023 Budget to N’assembly in October — Gbajabiamila

Beloved John (Staff Writer)September 18, 2022

ABUJA — Femi Gbajabiamila, the speaker of the house of representatives, has disclosed that President Muhammadu Buhari may present the 2023 budget to the national assembly in October. Gbajabiamila said this on Wednesday during the inspection of the ongoing renovation work on the green chamber, as well as the construction of the National Assembly Service Commission (NASC) office. The speaker said the president will present and lay before the two chambers of the national assembly,...

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Nike Launches New Jerseys, Kits for Super Eagles

BusinessNewsSportsNike Launches New Jerseys, Kits for Super Eagles

By Ezinwanne Onwuka (Senior Reporter)September 15, 2022

Sports kit manufacturing company, Nike, has unveiled brand new jerseys for the Nigerian football national teams. The American-based company officially released the jersey and kits on Thursday, alongside other sponsored national teams’ ahead of the World Cup. The new apparel was designed with Nigeria’s national colours—green and white—with a touch of black. While the Super Eagles will not be at the World Cup, the Nigerian national team could debut in the new jersey in the...

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