Universal World Best

  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...

  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...

  Open branches weekend, expect clearer directive todaylPoS operators ignore CBN warning on selling banknoteslExperts in divergent view on implementation, impact The banking industry was in disarray over  implementation of the directives of the Central Bank of Nigeria, CBN, on collection of the old banknotes in the denominations of N500 and N1,000 during the weekend. The apex bank was said to have directed the banks to collect the old banknotes which it had declared non-legal tender with effect from February 10,2023, prompting the banks to not only issue mails to customers to come and deposit their old notes but actually began to collect the old notes. The commercial banks also sent out emails to their customers on Friday, re-opening their branches last Saturday after suspending weekend banking previous weekend with the deadline of old notes acceptance. However, with a statement from the CBN late Friday denying the alleged directive to collect old notes, some of the banks susp...

  She’s trying to comfort both of them the girl 👧 is not someone, someone should called girlfriend cause she no worth wife material’s please comment below what your thoughts about this act 

  Nigerians, your patience is not enough. I saw my brother in a dream - the one that I shared the same womb with plus the one that grew next door with me in a village in the middle belt of Nigeria. Both of them sitting down, having a drink at a restaurant that serves rice drinks. Prior to that dream, was the live battle against a man that turned a woman that got chopped to pieces, yet she would not die til the final confrontation where I was being asked, “Don’t fight with carelessness.” And like a Yoruba Nigerian, I said, “Leave me, Jere, let me fight!” throwing an elbow backwards where I was awoken with the physicality of reality that I am elbowing my wife laying next to me. I was fighting death to reality. These are the two choices. It’s either Nigeria patiently awaits and endures the last few moments of months and votes the “right person” in power to help alleviate the current issues Nigeria has or Nigeria can do what it does best and use it’s “eegun ori” - bonehead of stubborn ...

  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.

  This reportedly happened at CBN in Gombe State today.  The deposits are overwhelming.  Some customers are coming with as much as N150million to the CBN. This is a customer with about N81m, all strapped.  Thank God the security agencies are on ground.