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BusinessNewsNigeriaCBN deadline: Okada rider announces new mode of receiving payment

By Ezinwanne Onwuka (Senior Reporter)February 1, 2023

With eight days left for the old N200, N500, and N1000 notes to cease to be legal tender, a commercial motorcyclist has notified the public that he would no longer accept the old notes in a funny way. In a video shared by Instablog, the okada rider was captured with a paper glued to his T-Shirt, which contains information about his new method of receiving payment for his services. “New notes or transfer”, the inscription...

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BusinessNewsNigeriaCBN Tasks Anambra Traders To Deposit Old Naira Notes Before 31st January 

PilotnewsJanuary 21, 2023

The Central Bank of Nigeria has enjoined residents and traders in Anambra state to ensure they deposit all old notes of the redesigned currency in banks before the 31st of January. The Director Other Institutions Department, CBN, Awka, Mrs Nkiru Asiegbu, made the call when the Awka Branch of the apex bank went on sensitization tour to tools and Allied Material Market, Bridge Head Onitsha. Mrs Asiegbu announced that the CBN will not extend the...

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BusinessNewsNigeriaFederal Govt to phase out pioneer status incentive for mature industries

Beloved John (Staff Writer)December 15, 2022

The federal government says it is phasing out the antiquated pioneer status incentive and other tax exemptions for mature industries with the 2022 finance bill. Zainab Ahmed, the minister of finance, budget, and national planning, disclosed this while addressing a state house correspondent on Wednesday. The bill is for tax collection in 2023. It was designed to support the implementation of the 2023 budget. The pioneer status incentive (PSI) is a tax holiday that grants...

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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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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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BusinessNewsNigeriaAfrica’s Richest Man, Dangote Ranks 63rd On Bloomberg’s List Of Top 100 Billionaires

By Ezinwanne Onwuka (Senior Reporter)July 16, 2022

Chairman of Aliko Dangote Group, Aliko Dangote, is now the 63rd richest billionaire in the world, according to the latest ranking by Bloomberg. In the ranking released on Wednesday, July 13, the Chief Executive Officer of Tesla, Elon Musk, was listed as the richest billionaire in the world, as of Monday, July 11. The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. According to the financial, software, data, and media company...

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AfricaBusinessNewsNigeriaAfrican Development Bank Secures Additional €3.5 million For The Abidjan- Lagos Highway Project

Hassan Umar Shallpella (Regional Correspondent)June 4, 2022

Chief Transport Economist, African Development Bank (AfDB), Lydie Ehouman has said that the bank has been able to secure an agreement for additional €3.5 million for the Abidjan- Lagos highway project. The Economic Community of West African States, ECOWAS project is aimed at creating a corridor of road linking five countries in the region. The countries are Nigeria, Benin Repulic, Cote d’Ivore, Togo and Ghana. The road when completed is expected to benefit 40 million...

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ColumnsInvestingReal EstateAbuja and Lagos are very busy cities —Enugu is serene and safe

PilotnewsJuly 31, 2021

Hello, and welcome to my Real-Estate Investment Blog. As land and estate development expert, it has always been my pleasure to address your real-estate or land or other investment-related issues. I work with Pwan Max property and Business Solutions, a real estate marketing, investment, management, and development company well-known in Nigeria for providing a choice of classic serene, luxury homes within a flexible budget. In this column, I will address this question I received from...

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BusinessColumnsCoronavirusCOVID-19 Pandemic: forecasting future events

PilotnewsApril 28, 2020

Before social distancing became a trend, we were all planning our social calendars for the Spring and Summer seasons. Over the past two months, major conferences, concerts, festivals, and weddings have been canceled or postponed. Attending the Offshore Technology Conference was the norm and personally, I have always anticipated attending the notable CERAWeek to hear the new trends in energy and discuss the future scope of oil and gas from top leaders in the industry....

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ColumnsMoneyNigeriaSpecial ReportStopping Corruption and Prostitution in Nigerian Banks (Part 2)

PilotnewsApril 23, 2020

There is hardly any Nigerian adult who doesn’t know about what goes on in Nigerian banks in the name of “marketing.” It beats the hell out of me that for all these years, bank CEOs and branch managers in Nigeria have sent out these young women (both singe and married—it makes no difference) into what is to all intents and purposes a life of prostitution, without any repercussions. We all know the country is a...

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