The naira exchanged to the dollar at N504 at the parallel market on Friday, according to the Bureau de Change operators. It had earlier exchanged to the dollar at 500 in the…
Category: Business
NLC Advocates For Transformation Of NNPC To Public Liability Company
The Nigeria Labour Congress, NLC, has opined that the Nigeria National Petroleum Corporation, NNPC, should be transformed into a public liability company where every Nigerian can own shares. …
Hope arises as Nigerians to claim NNPC’s shares – NLC reveals Plans
The Nigeria Labour Congress (NLC) has said that the Nigeria National Petroleum Corporation (NNPC) should be transformed into a public liability company where every Nigerian can own shares. NLC stated that the…
Local Refineries To Buy Crude Oil In Naira – PIB
VAM news has learnt that crude oil refining licences bearers in Nigeria will pay for domestic crude oil supply in Naira. This development is in line with the Petroleum…
CBN Grants Lotus Bank Non-interest Banking Licence
VAM news has gathered that Central Bank of Nigeria has granted a non-interest banking licence to Lotus Bank Limited. A statement titled ‘CBN grants Lotus Bank licence to commence non-interest…
JUST IN: Banks Begin N6.98 Deduction On USSD Transactions
Emerging reports have shown that bank customers using the unstructured supplementary service data (USSD) payment channels will now pay a flat fee of N6.98 per transaction replacing the current N4.89 session…
N-Power Recruitment 2021: FG Makes Fresh Statement on Beneficiaries’ Stipends, Reveals More Benefits
The federal government has said that there were no outstanding payments to Batches A and B beneficiaries of the N-Power programme. According to report, the clarification was made on Thursday, May 27,…
Lawlessness Of BEDC And Its Tyranny On Ekiti People – Report
Residents of Ado Ekiti, Ekiti State capital have raised the alarm over the total darkness in the community for the past 7 days, following the clashed between the Ado local government…
Business: China Orders The Stoppage Of Crypto Services
Business: China Orders The Stoppage Of Crypto Services A ban on financial firms and payment institutions from offering services related to cryptocurrency transactions has been placed by the Chinese government. This…
Oil Companies Get Ultimatum To Leave Niger Delta Region
The Ijaw Youth Council has given the international oil companies (IOCs) operating in the Niger Delta an ultimatum to vacate the region. The council said the notice is in line with…