Business

Amidst early gains from the recently launched twin policy on cashless economy, the Central Bank of Nigeria, CBN, has kick-started some key steps towards consolidating the policy measures. The twin policy is anchored on the Naira redesign and establishment of new limits on cash withdrawal from banks, all geared towards …

China Civil Engineering Construction Corporation (CCECC) has said that the just completed Lagos metro blue railway line would greatly alleviate traffic congestion. In a statement made available to The Guardian, the Head, Public Affairs and Legal Matters, CCECC Lagos office, Mr. David Zhao, said the Lagos Rail Mass Transit (LRMT) …

Airline operators in the country have called for infrastructural upgrades and extension of operating hours at Lagos and Abuja airports, to reduce bottlenecks and under-utlisation of assets in the sector. The two facilities, especially Lagos domestic terminals where almost all airlines start daily operations, have perennially slowed passenger facilitation during …

As the push from fossil fuels continues in the developed countries with reduced buyers for Nigeria and other African crude, there are indications that Dangote Refinery and about ten others across Africa may, from next year, will provide an immediate market for African crude oil. About 11 refineries coming on …

The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Bashir Jamoh, has pledged the agency’s commitment to realising the blue economy agenda. Jamoh, who stated this during a programme by the Nigerian Institute of International Affairs (NIIA) in Lagos, said that the institute has a critical role to …

Amid the lingering fuel crisis in the country, nine vessels laden with Premium Motor Spirit (PMS), otherwise known as petrol, gas, diesel, and aviation fuel are currently waiting on the high sea, seeking approvals to berth at the Lagos ports. Despite Petrol now selling for between N170 and 260 at …

THE Peoples Democratic Party ,PDP, Presidential Campaign Council has insisted that the closure of the nation’s land borders by President Muhammadu Buhari in 2019 worsened the economic situation and cost Nigeria its place as the leading power in West Africa. In a statement, Director Public Affairs, Senator Dino Melaye, who …

THE Naira on Friday exchanged at 456.50 to the dollar at the Investors and Exporters window. The figure represented a decrease of 0.05 per cent, compared with N456.25 it exchanged on Thursday. The open indicative rate closed at N451.38 to the dollar on Friday. An exchange rate of N452 to …

At 3am this morming, I got a disclaimer notice from a top ranking member of NISL Board. He had spoken to me earlier in the week- Edgar, we are issuing a disclaimer on your friend and would like for you to assist in pushing it out. It came this morning …

…Weekly limit now N500,000 …Corporate body weekly limit N5m …Third party cheques above N100,000 not eligible for payment …Extant limit of N10m on clearing cheques still subsists …Compliance with extant AML/CFT regulations to KYC, CDD, currency, STR etc. mandatory …Monthly, returns on cash withdrawals above specified limits be rendered for …