Business

Anambra State through the Ministry of Lands and the Anambra State Investment Promotion and Protection Agency (ANSIPPA) has signed a Public-Private Partnership agreement with seven (7) real estate development firms, and officially handed over to them their assigned lots for development. This landmark event marks the beginning of a new era of real estate development in the state, as these firms embark on the creation of new residential and commercial properties within the Awka Capital Territory. Representing the Governor, the Secretary of the State Government, welcomed the investors into the State, assuring them of the Soludo’s administration commitment to transforming Anambra. “Anambra state is privileged to embark on this transformational journey with you. It is more enco...

By Aniemeka Chiamaka Rejoice (Umunna TV) Due to the enforcement of N195/litre pump price, independent marketers of petrol are getting set to shut down operations beginning from monday 6th February 2023. Reportedly, the Nigerian National Petroleum Company Limited, Major Oil Marketers Association of Nigeria, Depot and Petroleum Products Marketers Association of Nigeria, Independent Petroleum Marketers Association of Nigeria, security agencies and the downstream regulator had all agreed that petrol be sold at N195/litre on Saturday 4th of February. Meanwhile independent marketers, described thus development as tough due to the high ex-depot price of the commodity and to avoid sectioning of their outlets, they rather shutdown on Monday. Although this is likely to excalate long queue...

By Aniemeka Chiamaka Rejoice (Umunna TV) The Central Bank of Nigeria Governor, Godwin Emefiele, disclosed yesterday, 1st February 2023 that old naira notes can still be accepted and changed for new notes after the stipulated deadline of February 10th. This information left so many questions in the minds of Nigerians as what to do. Throwing more light to the afore information, the Director of Corporate Communications Department at CBN, Osita, Nwanisobi, explained that the old note would no longer be used for transactions after February 10 but can still be changed to new notes only at CBN office if certain conditions are met. He however didn't mention the conditions and the duration for the acceptance of old notes after the expiration of February 10th deadline. Osita Nwanisobi,...

By Joseph Albert (Umunna TV) The Central Bank of Nigeria (CBN) today, Friday said banks would be working on Saturdays to receive the old maira notes from customers. Leader of the CBN team to Ebonyi on new Naira notes, Mr Kama Ukpai disclosed this at enlightenment campaign for traders at the Eke Market, Afikpo. He advised the public to visit banks to deposit old naira notes as there would be no extension on the Jan. 31 deadline for the notes’ submission. He said banks would work on Saturdays for this purpose and there are no limits to amounts that can be deposited. “The CBN team is in Ebonyi to ensure the implementation of the directives as we have not directed any bank to stop collecting old notes,” he said. Share, follow and like our page at www.facebook.com/UmunnaT...