Business Archives - Page 7 of 8

Crude oil prices to push above $100/bbl in the second half of the year – ANZ

Posted March 16, 2023 by Emmanuella

Crude prices have plunged this week as risk aversion escalates amid the widening banking crisis. However, strategists at ANZ Bank expect the sell-off to be relatively short-lived, with fundamentals pointing to a tightening market.OPEC to maintain its production cuts announced in late 2022“For the moment, risks remain to the downside.…

Nigeria produced 1.3 million barrels per day of crude oil in February – OPEC

Posted March 16, 2023 by Emmanuella

The Organisation of Petroleum Exporting Countries (OPEC) yesterday confirmed that Nigeria produced 1.3 million barrels per day of crude oil in February, in alignment with the country’s earlier self-reported data this month. The information which the international oil cartel made public in its Monthly Oil Market Report (MOMR), further cemented…

Adekunle Gold officially signed with Popular American Record Label, Def Jam

Posted March 16, 2023 by Emmanuella

Nigerian music star, Adekunle Kosoko, professionally known as Adekunle Gold, is set to join the league of Nigerian artistes breaking grounds internationally.The “High” crooner has officially signed with popular American music label, Def Jam Recordings, Billboard reports on Tuesday.This was made known in a statement by the company’s Chief Executive…

British charity tasks Nigeria’s President-elect on out-of-school crisis

Posted March 16, 2023 by Emmanuella

The British charity, IA-Foundation, has urged Nigeria’s President-elect Sen. Bola Tinubu to take urgent steps to tackle Nigeria’s out-of-school crisis, to restore hope to some 20.2 million out-of-school kids in the country.The founder and Chief Executive Officer of IA-Foundation, Mrs Ibironke Adeagbo, made the appeal in a letter to the…

Banks, businesses comply with CBN’s directive on old notes — yet shortage heightens

Posted March 16, 2023 by Emmanuella

Commercial banks in Lagos and in other parts of Nigeria have started disbursing the old naira notes to customers at their various automated teller machines (ATMs) terminals and over the counter.The banks were also observed to be accepting deposits of the notes — a development which is in compliance with…

How Nigeria moved from old Naira notes to Old notes — the back and forth with naira redesign policy

Posted March 16, 2023 by Emmanuella

Call it a full-circle movement or a 360-degree journey and you won’t be far off the mark. Such has been the story of the naira redesign policy of the Central Bank of Nigeria(CBN).In October 2022, Godwin Emefiele, CBN governor, announced the apex bank’s plan to redesign and circulate a new…

Peter Obi's movement "Obidients" moves to pay for Obi's Twitter verification badge

“Currency Redesign comes with Hitches” Peter Obi pleads with Nigerians to have patience

Posted February 6, 2023 by Emmanuella

Currency Redesign comes with Hitches” Peter Obi pleads with Nigerians to have patience Currency Redesign comes with Hitches” Peter Obi pleads with Nigerians: the presidential candidate of the Labour Party, Mr. Peter Obi has appealed to Nigerians to exercise patience with the federal government and Central Bank of Nigeria over…

Naira Scarcity: Mbaka Bombs Buhari Again!

Posted February 6, 2023 by Emmanuella

Naira Scarcity: Mbaka Bombs Buhari Naira Scarcity: Mbaka Bombs Buhari The Spiritual Director, Catholic Adoration Ministry Enugu, Rev Fr Ejike Mbaka has strongly criticized the current naira crisis and that if it is not properly addressed it will mar…

Zulum to Banks: Dispense New Notes Or We Revoke Your Land

Posted February 4, 2023 by Freedom Square

Zulum to banks Dispense New Notes Or We Revoke Your Land Zulum to banks Dispense New Notes Or We Revoke Your Land: The Borno State Governor, Professor Babagana Umara Zulum has directed that any bank which refuses to dispense new naira notes…

EnuguGuber: APGA Candidate, Nweke Jr Sympathizes With SolidFm Family As Fire Guts Down Station In Enugu.

Posted January 14, 2023 by Freedom Square

Frank Nweke Jr, the All Progressives Grand Alliance, APGA, governorship candidate in Enugu state, has commiserated with the management and staff of SolidFM after the renowned station was gut by fire on Saturday morning, destroying properties worth millions.Arriving at the scene shortly after the incident, the Guber candidate expressed relief…

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