Former governor of the Central Bank of Nigeria (CBN) Muhammadu Sanusi II said he has been informed that the redesigned naira notes will retain the Arabic sign on the current notes. Sanusi, a former Emir of Kano, said CBN governor Godwin Emefiele told him that the Arabic sign will be part of the redesigned […]
New Twitter head Elon Musk said Tuesday the site will charge $8 per month to verify users’ accounts, arguing the plan would upend the platform’s “current lords & peasants system” and create a new revenue stream for the company. The announcement comes days after the world’s wealthiest man took sole control of the social […]
The naira fell to N818/$1 at the parallel market on Monday in Abuja and N815 in Lagos as it continued to lose its value. Investigations by Daily Trust revealed that the naira is currently under high selling pressure in the black market following CBN’s announcement that the newly redesigned naira notes would start circulating […]
Rail transport revenue grew year-on-year (YoY) by 42 percent to N2.93 trillion in the first six months of this year (6m’22) (January to June) from N2.07 trillion in the corresponding period of 2021. Data from the National Bureau of Statistics, NBS, Rail Transportation data for the second quarter of this year, Q2’22, showed that […]
The world’s richest man, Elon Musk has closed a $44bn deal to take over ownership of social media service, Twitter. Confirming the takeover, Musk tweeted “the bird is freed”. Upon his assumption, he fired a number of top executives such as chief executive Parag Agrawal, as well as the company’s chief financial officer and […]
Musk says buying Twitter to enable ‘healthy’ debate of ideas Elon Musk said Thursday he is acquiring Twitter to enable “healthy” debate on a wide range of ideas and counter a trend in which social media splinters into partisan “echo chambers.” The billionaire entrepreneur pursued the deal “because it is important to the future […]
A mall located in the Jabi district of the federal capital territory (FCT) has shut down operations over security concerns. The closure of the Jabi Lake Mall came days after the US warned its citizens about the possibility of terror attacks in Abuja, the country’s capital city. The federal government subsequently assured citizens that […]
The Federal Inland Revenue Service (FIRS) says it has commenced the deduction of taxes at transaction points from online betting and gaming operators. Johannes Oluwatobi Wojuola, special assistant on media and communication to the FIRS chairman, said this in a statement released on Wednesday. He said Muhammad Nami, FIRS chairman, directed that the online […]
A Federal High Court, Abuja, on Wednesday, restrained the Kogi government from shutting down Dangote Cement PLC in Obajana area of the state. The court also stopped the state government from disrupting or suspending the activities of Dangote Coal Mines Ltd and Dangote Industries Ltd in Okaba, Ankpa Local Government Area and in Olamaboro […]
The Governor, Central Bank of Nigeria, Godwin Emefiele, has announced that the bank would release re-designed Naira notes by December 15, 2022. He also said that existing notes would seize to be regarded as legal tender by January 31, 2023. Emefiele disclosed this during a press briefing in Abuja on Wednesday. The CBN said […]
