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Business

CBN Orders Banks To Accept Cheques In Savings Account

August 3, 2016
Banks operating in Nigeria have been directed by the Central Bank of Nigeria, CBN, to now accept cheque deposits into savings account. This directive was contained in a circular dated July 28, 2016, signed by CBN’s Director, Banking & Payments System Department, Dipo Fatokun, and sent to all banks and financial institutions operating in the country. In the circular made
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Excitement As FG Okays Badagry Seaport

August 4, 2016
There is excitement in the air following the approval for the establishment of a seaport in Badagry, Lagos. At the moment, the Nigerian Ports Authority (NPA), which controls seaports in Nigeria, is in charge of the two ports in Lagos; the Lagos Port Complex and the Tin Can Island Port. On Wednesday, after the Federal Executive Council (FEC), Minister of
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CBN Orders Banks To Sell Dollar To Hajj Pilgrims At N197

August 5, 2016
Banks and Forex dealers in Nigeria have been instructed to sell the US Dollar to intending pilgrims at the rate of N197 to $1. The Central Bank of Nigeria, CBN, gave this directive on Thursday. The country’s apex financial institution said those travelling for the 2016 Hajj in Saudi Arabia later this month and want the Pilgrims Travelling Allowance, PTA,
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Commercial Activities Shutdown In Sagamu

August 5, 2016
Report reaching BusinessPost from Ogun State reveals that business activities would be put on hold for a while because of the burial rites of late Akarigbo of Remoland, Oba Michael Adeniyi Sonariwo, who passed away last month. BusinessPost learnt that on Saturday, August 6, 2016, all shops and commercial centres in Sagamu would be shut to honour the late monarch.
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FG Moves To Cut Power Consumption

August 6, 2016
  The Nigerian government says it has taken steps to reduce power consumed by households, businesses and government agencies in the country by 85 per cent. This was disclosed on Friday in Lagos by the Minister of Science and Technology, Dr Ogbonnaya Onu, while addressing newsmen. The Minister said the idea was due to the need to diversify the Nigerian
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Politics

petrol scarcity

NNPC Blames Logistics Issues for Current Petrol Scarcity

April 25, 2024
By Aduragbemi Omiyale The Nigerian National Petroleum Company (NNPC) Limited has attrivbuted he current scarcity in premium motor spirit (PMS), otherwise known as petrol, in some parts of the country to “logistics issues.” In a statement signed by its Chief Corporate Communications Officer, Mr Olufemi Soneye, on Thursday night, the NNPC, however, said the issue has been resolved. The agency
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Travel

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petrol scarcity

NNPC Blames Logistics Issues for Current Petrol Scarcity

By Aduragbemi Omiyale The Nigerian National Petroleum Company (NNPC) Limited has attrivbuted he current scarcity in premium motor spirit (PMS), otherwise known as petrol, in some parts of the country to “logistics issues.” In a statement signed by its Chief Corporate Communications
April 25, 2024
brand repositioning

Expert Canvasses Brand Repositioning for Business Survival

By Modupe Gbadeyanka The General Manager for Enterprise Marketing at MTN Nigeria, Mr Charles Okonkwo, has advised Small and Medium Enterprises (SMEs) in the country to embark on brand repositioning to survive the current competitive environment. “Navigating the intricacies of a fiercely
April 25, 2024
Femi Gbajabiamila

Femi Gbajabiamila: Harnessing Nigeria’s Renewable Energy Potential

Femi Gbajabiamila, Chief of Staff to the Nigerian President and former Speaker of the House of Representatives, recently reiterated President Bola Ahmed Tinubu’s plans designed to bolster and sustain nationwide electricity supplies. Olufemi Hakeem Gbajabiamila revealed that the Eko Electricity Distribution Company
April 25, 2024
SUNU Health

SUNU Health Debunks Health Insurance Myths and Showcases Value

SUNU Health Nigeria, an esteemed Health Maintenance Organization (HMO) with a legacy of over 26 years in delivering accessible healthcare solutions across Nigeria, was recently featured on Super FM 92.7 Lagos. During the broadcast, the organization aimed to debunk prevalent healthcare myths
April 25, 2024
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