Business Archives - Page 56 of 94 - Voice Air Media

1 Minute

Business

Yusuf: Forex volatility reason for shrink in Nigeria’s manufacturing sector

Akanji Philip August 8, 2023 0 Comment

The Director of the Centre for the Promotion of Private Enterprise, CPPE, Dr Muda Yusuf, said foreign exchange volatility impacted firms’ losses negatively. Yusuf, the former Director-General of Lagos Chamber of Commerce and...

3 Minutes

Business

BUSINESS: Heritage bank reassures customers as concerns mount

Akanji Philip August 6, 2023 0 Comment

Amidst concerns by bank customers about the financial state of Heritage Bank, one of Nigeria’s Deposit Money Banks (DMBs), the bank says all is well. According to a recent statement by Ozena Utulu,...

3 Minutes

Business

How First Bank staff Nwadiashi who debited over N9m from customer’s account bags jail term

Akanji Philip August 6, 2023 0 Comment

Andrew Nwadiashi a 40 year-old banker and eight internet fraudsters were on Friday, August 4, 2023, convicted and sentenced to prison by Justice M. Itsueli of the Edo State High Court sitting in Benin...

Business -1 Minute

Beer price rises amid economic challenges

VAM News August 2, 2023 0 Comment

VAM News Update Nigerian Breweries announces hike in price of beers amid economic challenges Nigerian Breweries (NB PLC) has announced a price increase on all their products effective August 10, 2023. In a letter...

0 Minutes

Business National

FG to support 1,300 MSMEs with N50,000 each for eight months

VAM News July 31, 2023 0 Comment

President Bola Tinubu says the federal government is making plans to support micro, small and medium-sized enterprises (MSMEs) in the country. Speaking in a nationwide broadcast on Monday, Tinubu said 1,300 nano business owners...

1 Minute

Business

Again, Naira slides, trades high at parallel market

VAM News July 31, 2023 0 Comment

VAM News Update THE Nigerian naira, on Monday, weakened to N871 per US dollar at the parallel section of the foreign exchange (FX) market. The figure represents a depreciation of N6 or 0.7 percent...

1 Minute

Business

Currency in circulation hits N2.26tn— CBN

Akanji Philip July 31, 2023 0 Comment

Currency outside banks rose to N2.26tn at the end of June 2023, according to the latest figures from the Central Bank of Nigeria. According to figures obtained the CBN, the currency outside banks...

Business -2 Minutes

SASASNET: Why Dangote refinery engaged 11,000 workers from India

Akanji Philip July 26, 2023 0 Comment

The Sub-Saharan African Skills and Apprenticeship Stakeholders Network has explained why the Dangote refinery engaged 11,000 skilled workers from India while neglecting youths from Nigeria and other African countries. The network, on Wednesday,...

2 Minutes

Business

CBN: Gradual phasing out of old naira notes continues

Akanji Philip July 26, 2023 0 Comment

The Central Bank of Nigeria has reaffirmed its commitment to gradually phase out the old N200, N500, and N1,000 naira notes while issuing new currencies. This announcement was made by the acting governor...

2 Minutes

Business

CBN speaks on old naira, new notes as means of financial transaction in Nigeria

VAM News July 26, 2023 0 Comment

VAM News Update THE Central Bank of Nigeria (CBN) says plans to gradually phase out the old N200, N500, and N1,000 naira notes are ongoing, as new notes are still being issued. Folashodun Shonubi,...