Category: Business News
-
NITT, Multimix Academy seek ways to improve transport, logistics in Nigeria
Nigerian Institute of Transport Technology, (NITT), Nigeria’s pioneer public sector institute for transport and logistics and Multimix Academy, the nation’s premier and leading private sector academy for logistics and supply chain management has signed an historic memorandum of understanding to deepen the capacity of professionals in the sector. History was made on Thursday 4th March,…
-
Ecobank To Pay Customers N5 For Every Dollar Received
Ecobank has commenced implementing the CBN scheme which offers N5 for every Dollar received into domiciliary accounts or as cash over the counter. Korede Demola-Adeniyi; Head, Consumer Banking, Ecobank Nigeria, who announced this in Lagos stated that the decision is in line with the CBN directive and fully aligns with efforts to encourage the inflow…
-
CBN launches ‘Naira 4 Dollar Scheme’, beneficiaries to get N5 for every USD received
The Central Bank of Nigeria (CBN) has introduced the ‘CBN Naira 4 Dollar Scheme’ in its bid to sustain the increase in inflows of diaspora remittances into the country. CBN announced this in a circular to all deposit money banks, International Money Transfer Operators (IMTOs), and the public in general. In the document dated March…
-
Fidelity Bank Set To Organise Diaspora Webinar Series, Deepens Engagement On New Remittances Policy
Fidelity Bank Plc, top Nigerian bank has concluded plans to host its Diaspora Webinar Series with the inaugural edition slated for Saturday, March 06, 2021 by 2pm. This virtual session seeks to enlighten Nigerian citizens’ resident abroad on recent policy measures by the Central Bank of Nigeria (CBN) and its attendant implications for Diaspora investments.…
-
Ex-Chairman of defunct Diamond Bank, Seyi Bickersteth is dead
The former chairman of the defunct Diamond Bank Plc, Mr Oluseyi Bickersteth is dead. According to reports, Bickersteth was one of those who opposed the merger between the then Diamond Bank and Access Bank Plc. The transaction later metamorphosed into today’s Access Bank in March 2019. In 2018, the defunct Diamond Bank announced him as…
-
JUST IN: Workers vow to cripple Shoprite indefinitely
Shoprite workers have vowed to embark on an indefinite strike and cripple activities of the fast moving consumer goods (FCMG) retail outlets across the country. TheNewsGuru.com (TNG) reports the National Union of Shop and Distributive Employees (NUSDE), Shoprite Ring Road Mall branch, Ibadan made this known on Wednesday. Chairman of the union, Mr Williams Peter…
-
BREAKING: Shoprite outlets across Nigeria shut down as staff begin industrial action
All 25 outlets of food retailer Shoprite in Nigeria have been shut down by workers, who are currently embarking on an industrial action over the sale of the company to Tayo Amusan’s Jara. TheNewsGuru.com (TNG) reports the workers took to the Shoprite outlets located in malls across the cross the country to express their grievances,…
-
Dangote Refinery will sell refined crude to FG in naira – Emefiele
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, says arrangement is being made to enable the Dangote Refinery sell refined crude to Nigeria in naira when it commences production. Emefiele also disclosed that the first shipment of Urea from the Dangote Fertiliser Plant would begin in March to help boost agriculture in the…
-
CBN reacts to Osinbajo’s counsel on regulation of cryptocurrency
The Central Bank of Nigeria (CBN) has acknowledged the counsel of Vice – President, Prof. Yemi Osinbajo, in support of the regulation of digital currencies. TheNewsGuru.com, TNG reports that the apex bank had earlier ordered commercial banks to restrict cryptocurrencies related transactions. TNG reports that the Vice President on Friday said there is a role…
-
BREAKING: You can’t prohibit cryptocurrencies – Osinbajo tells CBN
Nigeria’s Vice President Yemi Osinbajo has said cryptocurrencies should not be prohibited in the country, but regulated. TheNewsGuru.com (TNG) reports the Vice President’s comment is coming after the Central Bank of Nigeria (CBN) placed a ban on cryptocurrencies in the country. Speaking at a CBN Bankers’ Forum on Friday, VP Osinbajo stated that sooner than…