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  • Business
  • Updated: November 26, 2022

Business News Round Up From November 21- Noveber 25, 2022

Business News Round Up From November 21- Noveber 25, 2022

Welcome to the AllNews roundup of the 5 Latest Business News that made the round last week.

New Naira Notes: President Buhari Unveils Redesigned Currency [Photos]

The redesigned naira notes of N200, N500 and N1000 have been unveiled by President Muhammadu Buhari at the Council Chamber of the Presidential Villa Abuja.

According to the News Agency of Nigeria (NAN), the unveiling of the naira notes which took place on Wednesday preceded the virtual meeting of the Federal Executive Council (FEC) with a number of cabinet members in attendance. Read more here.

Buhari Reveals Why He Backed Redesign Of Naira Notes Locally

President Muhammadu Buhari has disclosed why he approved the redesign of naira notes locally, saying it would help control currency in circulation, reduce the overall cost of currency management, and also preserve the collective national heritage.

Buhari who unveiled the new naira notes on Wednesday expressed delight that the redesigned currencies were locally produced by the Nigerian Security Printing and Minting (NSPM) Plc. Read more here.

Allianz Nigeria Appoints Interim CEO

The appointment of Jaideep Goel was been announced by Allianz Nigeria on Monday as the interim Chief Executive Officer (CEO)  of the insurance company subject to regulatory approval and the appointment of a new CEO in due course.

The reputation And Transformation Manager of the firm,  Ekpe Kanma, said, in a statement in Lagos, that Goel’s appointment followed the resignation of Adeolu Adewumi-Zer as CEO and Managing Director of the firm. Read more here.

Revenue: Murtala Muhammed International Airport Records N1.6  Billion In One Month

The Murtala Muhammed International Airport (MMIA) of the Nigeria Customs Service has disclosed that it generated N1.6 billion in revenue in October 2022.

It said this during the weekend in a statement issued by Juliana Tomo, the command’s public relations officer, adding that the command did not record any incidents of smuggling during the period. Read more here.

Inflation: Experts Urge CBN To Adopt Flexible Exchange Rate

The Central Bank of Nigeria (CBN) has been urged by financial experts to adopt a flexible foreign exchange rate regime and address the food insecurity triggering the inflationary rate in the country.

The experts said this in separate interviews with the News Agency of Nigeria (NAN) on Tuesday in Lagos. Read more here.

These are the latest Business news that made trends during the week. Visit our website https://allnews.ng for more Business news around the world.

 

 

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