Friday , May 3 2024

Business

Did CBN Recently Order Reduction In Bank Charges? (Fact Check)

Over the weekend, some national news platforms reported that the Central Bank of Nigeria (CBN) has issued a downward review of charges for electronic banking transactions. According to the viral story, the apex bank announced a reduction in the amount payable for cash withdrawals from other banks’ automated teller machines …

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Cooking Gas Tax: Nigerians To Pay N10,000 – Marketers

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has described as unfortunate President Muhammadu Buhari regime’s reimposition of VAT on cooking gas, warning that Nigerians may have to up to N10,000 to buy a cylinder of cooking gas. The marketers appealed to Mr Buhari’s regime to reconsider the imposition …

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Shoprite Finally Leaves Nigeria, Sells Business To Ketron Investment

Africa’s biggest grocery retailer and South Africa-owned chain of stores, Shoprite, has finally left Nigeria–Africa’s most populous nation and biggest market–after 16 years. This is as Ketron Investment Limited–a subsidiary of Persianas Investment Limited–has completed the acquisition of Shoprite operations in Nigeria, after winning a bidding war involving three other …

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