CBN Set Weekly Bank Limit For Withdrawal To N100,000, N20,000 Per Day Via POS
The Central Bank of Nigeria (CBN) has set the weekly limit for over-the-counter (OTC) cash withdrawals at N100,000 for individuals and N500,000 for corporate organisations. Individual Point of Service (POS) were also limited to N20,000 per day by the apex bank. This is stated in a CBN circular sent to all Deposit Money Banks (DMBS) […]
Abuja-Kaduna Train Service Records Low Passenger Turnout On First Day
Passenger turnout is reported to have been low on the first day of operation at the Abuja-Kaduna train terminal on Monday (yesterday). It was observed that only a few cars were seen at the park about 30 minutes before the first train’s departure, indicating a low turnout of passengers. It was also revealed that two […]
Ukraine War: Oil Prices Rise As Cap On Russian Crude Kicks In
Oil prices have risen amid concerns that a new cap on the price of Russian crude could disrupt global supplies in the coming months. A separate decision by major oil-producing countries to keep cutting how much they produce to prop up prices has also fuelled the rise. The price of Brent crude oil rose by […]
Cutting Energy Prices Will Take Years – Power Boss
It “will take years” to get energy prices back to pre-Ukraine war levels, the boss of one of the world’s biggest energy firms has told the BBC. Enel’s Francesco Starace said bringing prices down depends on new sources of energy such as renewables and heat pumps. Governments across Europe are spending billions helping business and […]
OPEC+ oil Producers Face Uncertainty Over Russian Sanctions
The Saudi-led OPEC oil cartel and allied producing countries, including Russia, are expected to decide how much oil to supply to the global economy amid weakening demand in China and uncertainty about the impact of new Western sanctions against Russia that could take significant amounts of oil off the market. The 23-country OPEC+ alliance are […]
Abuja-Kaduna Passenger Train Services Resume On Monday
The federal government has announced the resumption of the Abuja-Kaduna passenger train service tomorrow, eight months after it was suspended following a terrorist attack on March 28, this year, which killed 11 people, injured and abducted several others. All intending passengers must present National identification cards before purchasing tickets, according to a statement issued by […]
Ukraine War: Price Cap On Russian Oil Will Hit Putin Immediately – US
A cap on the price of Russian oil will restrict Russia’s revenues for the “illegal war in Ukraine,” the US says. The cap, approved by Western allies on Friday, is aimed at stopping countries paying more than $60 (£48) for a barrel of seaborne Russian crude oil. The measure – due to come into force […]
FG Set December 5 As Resumption Date For Abuja–Kaduna Train Service
The Federal Government has announced December 5, 2022 as the resumption date for Abuja–Kaduna Train Service. The government of President Muhammadu Buhari announced the resumption of the Abuja-Kaduna train service on Thursday. Fidet Okhiria, Managing Director of Nigeria Railway Corporation, made the announcement on Thursday. According to Okhiria, everything is in place for the services […]
Qatar To Supply Liquefied Natural Gas To Germany From 2026
Qatar is to supply liquefied natural gas to Germany under a 15-year deal signed Tuesday as the European economic powerhouse scrambles to replace Russian gas supplies that have been cut during the ongoing war in Ukraine. Officials gave no dollar value for the deal, which would begin in 2026. Under the agreement, Qatar would send up […]
Accumulated Debt:Presidential Jets At Risk Of Foreclosure By Foreign Creditors
Going by some findings and reports, the presidential jets may be at risk of seizure from foreign creditors over accumulated debts. According to Punch, findings revealed that the Presidential Air Fleet (PAF) owes a number of service providers. To meet the required airworthiness, the service providers upgraded the ten aircraft fleet’s. The PAF’s task is […]
