Friday , December 9 2022

Business

No Going Back On Cashless Policy, Says Emefiele

Governor of the Central Bank of Nigeria, Godwin Emefiele, has ruled the possibility of reversing the ongoing implementation of cashless policy. The House of Representatives at Thursday plenary asked the CBN Governor to suspend implementation of the policy pending the outcome of the expected engagement on the compliance with the relevant sections of the CBN act and the 1999 constitution on the monetary policies …

Read More »

BARCELONA star Gerard Pique’s £17.25million hotel stalled after 250 graves were found on the grounds.

Barcelona veteran Gerard Pique is facing some business setback and the reason for that is not something you would expect. The works on building the luxury hotel in Malaga were put on hold after…250 graves have been discovered at one of his properties on the Costa del Sol, as per Marca. Pique splashed around 20 million euros to purchase the property. The 35-year-old …

Read More »

Finance Minister Knocks CBN over redesigning of the Naira

The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Friday, expressed reservations with the redesigning of some naira denominations by the Central Bank of Nigeria (CBN). The CBN on Wednesday announced that it would start circulating newly redesigned N100, N200, N500, and N1000 naira notes from December 15. CBN governor, Godwin Emefiele, said the move was to counter …

Read More »

Trapped Funds: British Airways Blocks Travel Agents From Paying In Naira, Mulls Flight Suspension

As the issue of trapped $464m foreign airlines’ funds lingers, British Airways may stop flying to Nigeria as from December 1, 2022. The United Kingdom airline this morning closed inventory which means travel agents would not be able to issue fresh tickets for their clients, but individuals can buy tickets only online, only in dollars. The decision, according to BA, …

Read More »

Projects All Over The Country Justify Buhari’s Borrowings – Fashola

The Minister of Works and Housing, Babatunde Fashola, has said infrastructural projects all over the country justify the foreign debts by the present administration. According to the Minister, President Muhammadu Buhari-led administration met N18billion in 2015 appropriated for works, saying the government had to borrow to execute the projects. Fashola spoke on Thursday at the opening ceremony of the 28th …

Read More »