Wikirise
Business
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2Cardless Withdrawal | Withdraw Money Without ATM Card & How It Works
CARDLESS WITHDRAWALS The finance industry in the world has continued to innovate in a bid to serve mankind better and to find simpler ways of achieving financial inclusion in the world. One of such innovations is the Cardless Cash Withdrawal service which enables customers to withdraw cash securely and conveniently...
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19FX crisis: How I and Sanusi stabilised the naira for five years – CBN ex-deputy gov, Moghalu
A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has explained how the apex bank stabilised the naira against the dollar for five years from 2009 to 2014. Moghalu, who was a deputy governor at the apex bank between 2009 and 2014, made this known in a...
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35Twitter Marketing Tips For The Year
It’s no secret that social media marketing giant Twitter has made a name for itself in the last decade or so. But it is the most desirable platform for users to interact with companies and share their thoughts online. In order to expand their social media presence, businesses and advertisers...
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How to Tackle Credit Card Fraud as a Business Owner
For many African businesses, from small kiosks to large regional players, the move away from cash has been hugely beneficial. This is particularly true in a pandemic world, with societies moving further away from cash and towards digital and card-based payments as a safer, more efficient way to pay. Unfortunately,...
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42Let private managers operate port scanners, stakeholders tell FG
Stakeholders in the maritime industry have said that the government should not be involved in the procurement of port scanners but should leave such business to private operators. In an interview with our correspondent, the National President of the National Association of Government Approved Freight Forwarders, Dr Increase Uche, said...
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52Nigeria, 39 others may not attain pre-COVID-19 GDP levels by 2026 – World Bank
The World Bank has said that Nigeria and 39 other countries may not return to pre-COVID-19 levels of Gross Domestic Product per capita even by 2026 despite projected rates of economic growth. It said this in a new report titled ‘From double shock to double recovery – Implications and options...
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39Leadership training’ll make female accountants excel – FCMB CEO
The Managing Director, First City Monument Bank, Mrs Yemisi Edun, has called on the Institute of Chartered Accountants of Nigeria and its affiliates to prioritise leadership development programmes for female accountants. A statement on Wednesday said that Edun, who was the keynote speaker, made the call during the investiture of...
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66Facebook Spent $13bn on Safety And Security Since 2016, Now Has Over 40K Workers
Facebook has released a report stating that it has spent more than $13 billion on safety and security efforts since the 2016 US election, and now has 40 000 employees working on those issues. The 40 000 safety and security workers include outside contractors who focus on content moderation. The...
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33NNPC Says Global Gas Crisis May Push Oil Prices $10 Higher in Three Months
The Nigerian National Petroleum Corporation (NNPC) on Wednesday said the global natural gas crisis, which has resulted in rising prices, could push up oil prices by as much as $10 a barrel over the next three to six months. Wholesale gas prices have surged by 250 per cent since the...
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25Daily fuel consumption jumps to 72 million litres, subsidy hits N541.66bn
Petrol consumption in the country jumped from 55.59 million litres a day in April to 72.07 million litres per day in the month of May. This shows that in the month of May, petrol consumption in the country was 16.48 million higher than the consumption in the month of April....
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30Cooking gas: Marketers lack facilities, says NLNG, price hits N7,000
The management of the Nigeria LNG Limited has said that marketers do not have enough infrastructure to take up its Liquefied Petroleum Gas supply. In an earlier report, the Independent Petroleum Marketers Association had said that the major cause of the rising cost of cooking gas was lack of adequate...
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28Investors lose N11bn as banking stocks dip further
Investors in the equities market of the Nigerian Exchange Limited – formerly Nigerian Stock Exchange lost N11.02bn at the end of trading on Wednesday as banking stocks declined for the eighth consecutive trading day. The NGX All-Share index dropped by 0.05 per cent from 38,873.85 basis points to 38,852.69bps, while...
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39Contract variations gulp N1.04bn in health, water resources ministries
The Federal Executive Council has approved N1.04bn for contract variation in the ministries of health and water resources. The Minister of Information and Culture, Lai Mohammed, disclosed this while briefing State House Correspondents at the close of Wednesday’s council meeting presided over by Vice President Yemi Osinbajo. Mohammed who was...
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34Why Nigeria needs digital currency, by CBN
The Central Bank of Nigeria has explained the economic implications and importance of a centralised and regulated digital currency in Nigeria. The apex bank had earlier said that it would be launching e-naira, a digital equivalent of the naira in October, in line with global trends. According to Director, Information...
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23Regulate cryptocurrency to check high-profile crimes, ICPC tells NASS
The Independent Corrupt Practices and other Related Offences Commission has asked the National Assembly to come up with legislations that would regulate Cryptocurrency trading in order to stop operators from using same to perpetrate heinous crimes. The anti-graft agency lamented that kidnapers and bandits now used the medium to perpetrate...