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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

CANEX Prize for Publishing in Africa

Afreximbank Offers $20,000 CANEX Prize for Publishing in Africa

May 21, 2024
By Adedapo Adesanya Afreximbank has announced the launch of the $20,000 CANEX Prize for Publishing in Africa to promote a vibrant literary culture across Africa and encourage the development of a sustainable business ecosystem in the literary sector. The prize, which is open for submission, is a partnership between the CANEX Book Factory and Narrative Landscape Press Limited. The CANEX
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Travel

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National Schools' Team Chess Competition

Over 200 Schools Register for Ecobank Chess Competition

By Aduragbemi Omiyale No fewer than 200 schools have indicated interest in the Ecobank National Schools’ Team Chess Championship, which has N15 million up for grabs. The chess competition, which is open to primary, secondary and tertiary students, is scheduled to kick
May 21, 2024
Nigerian cinemas from ticket sales

Nigerian Cinemas Sell N2.25bn Movie Tickets in Q1 2024

By Adedapo Adesanya The Nigerian cinema sector has generated a revenue of N2.25 billion from tickets sold in the first quarter of 2024, a nearly 50 per cent rise from the N1.5 billion generated in the first quarter of 2023. Filmone Entertainment,
May 21, 2024
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