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Economy & Business (Page 20)

Fraudsters becoming more creative — NDIC warns bank customers

2023-03-10
By: Gambo Jagindi
On: March 10, 2023
In: Economy & Business
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ShareBy Aluta News March 10, 2023 The Nigeria Deposit Insurance Corporation (NDIC) has warned bank customers and the public against displaying their bank details saying fraudsters were becoming more creative. The NDIC in its official website on Friday gave out four tips for bank customers to safeguard their accounts. TheContinue Reading

Nasarawa generates N20bn IGR annually – Gov Sule

2023-03-09
By: Gambo Jagindi
On: March 9, 2023
In: Economy & Business
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ShareBy Aluta News March 9, 2023 Gov. Abdullahi Sule of Nasarawa says the state’s Internally Generated Revenue (IGR) has dramatically increased from N7.1 when he assumed office  to N20 billion annually . Sule stated while giving account of his four years stewardship at a media parley on Thursday in Lafia.Continue Reading

Banks issue old notes in FCT, customers hesitant

2023-03-08
By: Gambo Jagindi
On: March 8, 2023
In: Economy & Business
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ShareBy Aluta News March 8, 2023 Commercial banks in the Federal Capital Territory (FCT), have started issuing the old Naura notes to customers. The News Agency of Nigeria (NAN) checks at some banks in Abuja on Wednesday, revealed that customers thronged banks to collect the notes while some rejected them.Continue Reading

We will accept N500, N1,000 when Buhari, CBN, give order – Nigerians

2023-03-07
By: Gambo Jagindi
On: March 7, 2023
In: Economy & Business
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ShareBy Aluta News March 7, 2023 Some traders and marketers in Lagos have said they would accept the old denominated naira notes of N500 and N1,000, only when President Muhammadu Buhari gives the order. The people told the News Agency of Nigeria (NAN) in separate interviews that they were beingContinue Reading

Nestle declares final dividend of N36.50 for 2022

2023-03-01
By: Gambo Jagindi
On: March 1, 2023
In: Economy & Business
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ShareBy Aluta News March 1, 2023 Nestlé Nigeria Plc has announced a final dividend of N36.50 per share to its shareholders for the financial year ended Dec. 31, 2022. The dividend was due to 27.0 per cent revenue growth recorded by the company during the year under review. The developmentContinue Reading

Google announces $4m funds for startups in Africa, Europe

2023-02-28
By: Gambo Jagindi
On: February 28, 2023
In: Economy & Business
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ShareBy Aluta News Feb. 28, 2023 Google has announced applications for the third cohort of its Black Founders Fund (BFF) for startups in Africa and Euroupe. This is contained in a statement by Mr Folarin Aiyegbusi, Head of Startup Ecosystem, Google, sub-Saharan Africa, on Tuesday in Lagos. Aiyegbusi said thatContinue Reading

Banks won’t shut down services for elections- ACAMB

2023-02-22
By: Gambo Jagindi
On: February 22, 2023
In: Economy & Business
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ShareBy Aluta News Feb. 22, 2023 The Association of Corporate Affairs Managers of Banks (ACAMB) says all bank branches and digital channels will be open for banking services before, during, and after the elections. The association said this in a statement signed by its President, Mr Rasheed Bolarinwa, on WednesdayContinue Reading

Naira loses marginally, exchanges N461.50 to dollar

2023-02-21
By: Gambo Jagindi
On: February 21, 2023
In: Economy & Business
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ShareBy Aluta News Feb. 21, 2023 The Naira on Monday exchanged at N461.50 to the dollar at the Investors and Exporters window. The figure represented a decrease of 0.05 per cent compared with the N461.25 it exchanged after the close of business on Feb. 18. The open indicative rate closedContinue Reading

NSPMC has capacity to meet Naira demand, says CBN

2023-02-11
By: Gambo Jagindi
On: February 11, 2023
In: Economy & Business
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ShareBy Aluta News Feb. 11, 2023 The Central Bank of Nigeria (CBN), has denied claims that the scarcity of the newly redesigned Naira notes was caused by shortage of printing materials. Over the last couple of days, some news outlets had been reporting about the shortage of currency printing materialsContinue Reading

Traders union lauds Gov. Mutawalle’s decision to arrest those rejecting old naira notes

2023-02-11
By: Gambo Jagindi
On: February 11, 2023
In: Economy & Business
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ShareBy Aluta News Feb. 11, 2023 The Amalgamated Union of Northern Traders, on Saturday in Sokoto lauded the directives given by Gov. Bello Mutawalle of Zamfara state, for security men to arrest anybody who rejects the old naira notes during transaction. The News Agency of Nigeria (NAN) reports that Gov.Continue Reading

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