Abuja Business Reports Newspaper & Magazine

…Authoritative Business News Everytime

Economy

FG Rakes In $547m From 5G Auction – Buhari

President Muhammadu Buhari has commended the auctioning of the 5G spectrum, which generated 547 million dollars. The president attributed the feat to the digital economy, which had driven growth, created employment and generated revenue for the country, The president said…

Cashless Policy: CBN Clarifies Bulk Withdrawal Conditions For PoS Operators, Others

The Central Bank of Nigeria (CBN) has countered claims that its new policy limiting cash withdrawals is targeted at point-of-sales (PoS) agents in particular. Though the apex bank, on December 6, set the weekly withdrawal limit at N100,000 and N500,000…

Northern Groups Back NASS Call for Suspension of Cash Withdrawal Limit

The Coalition of Northern Groups (CNG) has supported the National Assembly’s resolve to compel the Central Bank of Nigeria (CBN) to suspend the implementation of its cash withdrawal limit policy. The groups’ Spokesperson, Mr Abdul-Azeez Suleiman, said this at a…

Northern Youths Back CBN’s Cash Withdrawal Limits, Slam Hon. Kazaure Over Unremitted N89.1tn Stamp Duty Allegation Emefiele

… Call For Arrest of the Lawmaker for Inciting Nigerians Against CBN Governor Northern youths under the aegis of the Unified Northern Nigeria Youths Forum have carpeted the member of the House of Representatives from Jigawa State, Hon. Muhammad Gudaji…

Withdrawal Limit: Why Politicians Are Against Cashless Policy of CBN – CNPP, CSOs

… Commend President Buhari for Backing CBN Conference Of Nigeria Political Parties (CNPP) and civil society organisations (CSOs) under the aegis of Coalition Of National Civil Society Organisations (CNCSOs) have given insights into the reasons political office holders are voicing…

Withdrawal Limit Policy: There’re 1.4m mobile banking operators in Nigeria – Emefiele

Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, on Thursday, said there are about 1.4 million super agents (mobile banking operators including POS agents) in the country for Nigerians to patronise for business transactions. Emefiele said this while…

Cash Withdrawal Limits: Ezekwesili Attacks CBN, Bemoans Policy


The newest policy of the Central Bank of Nigeria (CBN) on cash withdrawal limits to N100,000 per week (from over-the-counter, point-of-sale [POS] machines or automated teller machines known as ATM), while organisations can access N500,000 per week has attracted reaction…

NDE Empowers 42 Youths To Boost Agro-business In Oyo

In a bid to ensure food security, employment generation and reduction in crime rate in the country, the National Directorate of Employment, NDE, has empowered 42 beneficiaries comprising of youths and women to boost agro-business in oyo state. The beneficiaries…

CNPP Tackles Critics Of New CBN Withdrawal Limits

… Says Getting Leadership Right Is Worth Every Sacrifice Conference Of Nigeria Political Parties (CNPP) has said that critics of the new cash withdrawal limits imposed by the Central Bank of Nigeria (CBN) are missing the key gains of the…

SDP Presidential Candidate Mourns Ex-Minister, Says Nigeria Would Have Been Industrial Giant If Unongo’s Dreams Were Realised

The Presidential Candidate of the Social Democratic Party (SDP), Prince Adewole Adebayo has joined other Nigerians in mourning the death of a second republic minister of Power and Steel, Dr. Paul Unongu, lamenting that Nigeria would have become an industrial…