Nokia announced plans on Sunday to change its brand identity for the first time in nearly 60 years, complete with a new logo, as the telecom equipment maker focuses on aggressive growth. The new logo comprises five different shapes forming the word NOKIA. The iconic blue colour of the old logo has been dropped for
The value of the naira 10 years ago is not the same today. This has to do with the impact of inflation over the years. Inflation refers to an increase in price over a specified period of time. As a result of inflation, a specific amount of currency will be able to buy less than
…To extend operation to major commercial centres The Economic and Financial Crimes Commission has said it arrested members of a syndicate of currency racketeers hoarding and trading in the redesigned Naira notes in Abuja. According to the EFCC spokesperson, Wilson Uwujaren, the operations were carried out in Zone 4 and Dei Dei axis of the
The Central Bank of Nigeria said it recovered N1.9 trillion worth of currency in two months outside of the banking system following its naira notes redesign and cash swap policy. This was disclosed by the CBN governor Godwin Emefiele on Sunday, January 29, 2023, as part of his updates following a meeting with the President,
The newly appointed Director-General of the National Youth Service Corps, Brig-General Y. D Ahmed, on Monday took over from Christy Uba, at a handover ceremony in Abuja, with a promise to take the organization to greater heights. He also unveiled his five-point agenda anchored on security, good environment, strengthening stakeholders engagement, enhancement of capacity building
The Chief Compliance Officer, Lagos Inland Revenue Service, Abideen Akande speaks with EDIDIONG IKPOTO on the state’s annual tax returns and other tax-related matters How would you assess the LIRS whistleblower initiative which was launched last year? We have received information from the tax-paying public. We now have over 15 cases out of which about nine
…says state lawless The governorship candidate of the Accord Party in Rivers State, Dumo Lulu-Briggs, escaped assassination on Saturday during a visit to the Etche Local Government Area of the state. Lulu-Briggs and his team had gone to the LGA to ascertain reports of an attack on the Accord secretariat in the area when unidentified
As the January 31, 2023 deadline of the Central Bank of Nigeria on the old and the new currency notes nears, the apex bank has encouraged Nigerians to adopt other channels of payment. The Director, Legal Services and Legal Adviser of the CBN, Mr Sallam Alada, gave this advice on Tuesday, in Akure, Ondo State,
Eroton Exploration and Production Company has reported a fire on a wellhead at its Akaso field in its Oil Mining Lease, OML-18 asset in Rivers State. The company said the incident, at the Cawthrone Channel operational area, occurred last weekend. This came about three months after the company experienced a fire explosion on Akaso Well-14,
The International Monetary Fund has said about 15 per cent of low-income countries are already in debt distress. In a new report titled ‘Confronting fragmentation where it matters most: Trade, debt, and climate action’, the IMF said an additional 45 per cent of the population is further at high risk of debt distress, according to Nairametrics.