Busola AroHere are the seven top business news you need to track this week — December 26 to December 30.The Central Bank of Nigeria recently increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively.for individuals to N100,000 and that of corporate organisations to N500,000.The CBN new upward adjustments followed intense criticism of the policy from aggrieved Nigerians in several quarters.
Under the new template, private vehicles that were paying N5,000 premium for N1 million third party property damage limit are now to pay N15,000 premium for N3 million limit; N5 million limit for own goods with a premium of N20,000; and staff buses are to pay N20,000 premium for N3 million limit.The National Bureau of Statistics says it will release a report on telecoms data: active voice and internet per state, porting and tariff information, for the third quarter of 2022 .
Brent crude was up by 2.63 percent to $83.71 a barrel while US West Texas Intermediate crude rose 2.09 percent to $79.11 a barrel., Russia’s Baltic oil exports could fall by 20 percent in December from the previous month after the European Union and group of seven nations imposed sanctions and a price cap on Russian crude from December 5.
He assured oil companies that the federal government will continue to work to bring stability and build confidence for everyone to return to the field to produce their maximum capacity.The Central Bank of Nigeria has disclosed the position of security features on the new series of N200, N500 and N1,000 notes.commercial banks began dispensing the redesigned naira notes to customers across the country.