The Cinema Exhibitors Association of Nigeria (CEAN) says it recorded total sales of N819 million in January, across cinemas within the country. Its National Chairman, Mr Ope Ajayi, disclosed this during an interview with the News Agency of Nigeria (NAN) on Monday in Lagos. “We had an increase in sales[Read More…]
Author: Godwin Anyebe
Ecobank Kenya appoints Josephine Anan-Ankomah as new MD Ecobank Kenya
Ecobank Transnational Incorporated (ETI) has appointed Ghanaian career banker, Mrs Josephine Anan-Ankomah as the Regional Executive, Central, Eastern and Southern African (CESA) and Managing Director, Ecobank Kenya. Her appointment has since received clearance from the Central Bank of Kenya, a statement by the Ecobank Kenya said on Monday. Anan-Ankomah leaves[Read More…]
Banks’ Commission From Customers Increase By 14% To N219.77bn
Amid severe competition from Fintech companies, six banks operating in Nigeria generated a sum of N219.77billion fees and commission for the year ended December 31, 2022 representing an increase of 14 per cent from N192.22billion reported in 2021. The six banks investigated include; Stanbic IBTC Holdings Plc, FCMB Group Plc,[Read More…]
Supreme Court Insists Old Naira Notes Still Legal Tender
The Supreme Court has said that the old N200, N500, and N1000 are still legal tender, insisting that its February 8 order barring the Federal Government and its agencies from enforcing the February 10 deadline still subsists. The court made the clarification on Wednesday following a complaint by the lawyer[Read More…]
Naira Redesign: Inflation Soars To 21.82%
Nigeria’s inflation soared to 21.82 per cent in January 2023, according to the National Bureau of Statistics. This is amid a redesign of the naira by the Central Bank of Nigeria. January’s inflation rate is a 0.48 per cent point increase from the 21.34 per cent that was recorded in[Read More…]
Petrol Ex-Depot Price Rises by 110% in Four Months
The Major Oil Marketers Association of Nigeria latest industry data report revealed that Ex-depot price of Premium Motor Spirit popularly known as petrol has risen by 110 per cent in four months. The data showed that the ex-depot price rose from N148 per litre last October to an average of[Read More…]
Buhari Signs Business Facilitation Bill into Law
President Muhammadu Buhari has signed Business Facilitation (Miscellaneous Provisions) Bill 2022 and five other bills passed by the National Assembly. The Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Babajide Omoworare, made this known in a statement issued on Monday and titled ‘President Muhammadu Buhari Assents[Read More…]
Naira swap: NMDPRA to sanction fuel stations not accepting POS
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will sanction fuel stations that reject the use of Point of Sale (POS) machines or bank transfers at their outlets. This is contained in a statement by Mr Kimchi Apollo, General Manager, Corporate Communications and Stakeholders Management, NMDPRA, recently[Read More…]
NAFDAC sensitises journalists on dangers of bleaching creams
The National Agency For Food and Drugs Administration and Control (NAFDAC) has urged journalists in the country to join the collective effort on the dangers of bleaching creams. The Director-General of NAFDAC, Prof. Mojisola Adeyeye, made the call at a Media sensitisation workshop on dangers of bleaching creams and regulatory[Read More…]
CBN Raises N277.47bn From Treasury Bills Market In January
Data collated has shown that the Central Bank of Nigeria (CBN) raised N277.47 billion through the treasury bills (TBills) market in January 2023. The apex bank carried out TBills auction twice worth N55.39billion in the first auction and N220.53billion in the second auction. The breakdown disclosed that the CBN at[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]