Photo Of Fela Rocking Burna Boy’s Mother On Stage Surface

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CBN orders banks to collect old N500, N1,000 notes

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  CBN orders banks to collect old N500, N1,000 notes By Babajide Komolafe,  Economy Editor The Central Bank of Nigeria, CBN, has directed Deposit Money Banks to collect old N500, and N1,000 notes from customers with reference code generated from its website. Multiple bank sources told  Vanguard  that the branches received a directive from the head office some hours ago that they should collect the old notes from their customers who have enrolled and generated reference code from the CBN website. A top CBN official confirmed the directive: “Yes we have directed them to collect the old N500 and N1,000 from customers, subject to maximum of N500,000.” Recall that President Muhammadu Buhari directed that the old N500 and N1,000 notes were no longer legal tenders, but that those having the notes should take the notes to the CBN.
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We have achieved 6.7m connection —Rural Electrification Agency

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  Ahmad Salihijo Ahmad is an energy, environmental specialist and the current Managing Director/Chief Executive Officer of the Rural Electrification Agency (REA). The agency is charged with the responsibility of providing access to reliable electric power supply for rural dwellers irrespective of where they live. Ahmad speaks, in this interview, on how his agency is boosting the economic development of rural dwellers while discharging their duties. Excerpts: By Olalekan Bilesanmi Your agency focuses on rural electrification and in implementing your mandate, several households are benefiting from improved livelihoods, could you please tell us about how your agency is contributing to this. Primarily, the Rural Electrification Agency (REA) is an implementing agency of government, set up through the Electric Power Sector Reform (EPSR) Act of 2005, and is under the supervision of the Federal Ministry of Power. The Agency is mandated to provide power to the unserved and underserved Niger...
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Restriction of forex affects export, import of stock fish – Norwegian Envoy

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  By Godwin Oritse THE restriction of access of Foreign Exchange (forex) on the importation of Stock Fish has affected both the export of the commodity from Norway tom Nigeria and Vice Visa. Speaking to Vanguard in Lagos during a tour of the Stock Fish market in Oyingbo, Lagos,  Eivind Fjeldstad, Businsess Counsellor at the Royal Norwegian Embassy, Abuja, said that the Norwegian Government is very hopeful that the Government of Nigeria will remove stock fish from the list of commodities banned from access to official foreign exchange  window because Nigeria is the biggest market for the Norwegian stock fish in Africa. Fjeldstad also said that the importation of stock fish is not in competition with local fish production in Nigeria adding that the commodity is also the cheapest source of protein in Nigeria. He explained that importers are being challenged by first of all sourcing Forex at a very exorbitant rate before placing order and this development has also brought abo...
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