[ad_1] Nigerian Security Printing and Minting (NSPM) Plc disclosed that Nigeria has achieved zero importation of currency. This is as the nation’s foremost security printing and minting company, expressed concern over the various clips, skits, and comments on various platforms regarding the quality of the redesigned naira banknotes that were recently issued by the Central Bank of Nigeria (CBN).  Managing ...

[ad_1] The proposed securitisation of the N22. 7 trillion Central Bank of Nigeria (CBN) Ways and Means (loan) to the federal government when approved by the National Assembly would be the largest source of the projected N77 trillion debt stock at the end of this administration. The Debt Management Office (DMO) explained in a statement, this afternoon, that the debt ...

[ad_1] With two days to the commencement of the cashless policy of the Central Bank of Nigeria (CBN) which places a limit on how much cash a bank customer can withdraw over the counter, Automated Teller Machines (ATMs) and Point of Sale (POS), many customers remain worried on how the policy will affect their daily transactions and businesses.  The CBN ...

[ad_1] New investment plans announced by top oil majors, Chevron and ExxonMobil who are operating huge oil assets in Nigeria has affirmed reports indicating their exit plans from the country. Currently, Chevron says it will use 70 per cent of its capital allocation for production on oil fields in the U.S., Argentina and Canada. Both Chevron and ExxonMobil are focusing ...

[ad_1] BudgIT Nigeria, has knocked the federal government over continuous breach of the Fiscal Responsibility Act with unsustainable deficits. This is coming in the wake of President Muhammadu Buhari assenting to the 2023 Budget of N21.83 trillion, with its attendant huge N10.7 trillion deficit. This was pointed out by the head, Research and Policy Advisory, BudgIT Nigeria, Iniobong Usen, while ...

[ad_1] Conceptualising a business idea in Nigeria and subsequently starting it, can be likened to a goldmine that offers an opportunity for people to tap into better livelihood and gives more freedom, fulfillment of dreams, financial freedom and can even boost your life span by a whooping 23%. Here are the top five most lucrative businesses for 2023. MOBILE FOOD ...

[ad_1] Clearing agents operating at the nation’s seaports have raised the alarm over the activities of officers of the Nigeria Customs Service (NCS) Police unit, frustrating cargo clearance at the nation’s seaports. Speaking to LEADERSHIP, the acting President, Association of Nigerian Licenced Customs Agents (ANLCA), Dr Kayode Farinto, decried the activities of the Police unit of the service, saying they ...

[ad_1] The Nigerian Aviation Handling Company (NAHCo), Plc has suspended senior operation managers over damage to air Peace aircraft at the Muritala Muhammed Airport, Lagos. In a press statement by group executive director, Business and Corporate Services, Dr. Sola Obabori, and a copy made available to LEADERSHIP, said relevant regulatory and security agencies for independent investigation into the incident. According ...

[ad_1] Eko Electricity Distribution Company (Eko DisCo) has said it has earmarked N18 billion for expenditure in 2023. Managing director/CEO of the company, Tinuade Sanda, while reviewing the company’s 2022 performance and projections for the new year, revealed the company would spend about N18 billion on capital projects which aims at improving services across its network area. She said the ...

[ad_1] The pension Assets under Management (AUM of Premium Pension Limited (PPL) have risen to N1 trillion. PPL is one of the first seven Pension Fund Administrators (PFA) to be licensed in December 2005, shortly after the new pension scheme kicked off. To this end, Premium Pension has now joined the two other PFAs whose AUM are in the trillion ...