Business

Traders protest, ask Lagos govt to approve market

Members of the Orilowo Perishable Food Market Association on Thursday protested at the Lagos State House of Assembly over the delay in approving the location of the market. Photos of the protest made available to PUNCH Metro showed members of the association holding placards bearing various inscriptions. The protesters demanded immediate approval for the Orilowo Perishable Food […]

Beneficiaries protest as banks begin COVID-19 loan recovery

Several beneficiaries have been jolted by the deductions of thousands of naira from their bank accounts without any notice from the banks. The loan was disbursed to households and Micro, Small and Medium Enterprises affected by the COVID-19 pandemic by the Central Bank of Nigeria through the commercial banks in 2021. The fund, which was […]

Traders count losses as police demolish computer village POWA complex

Traders at the Police Officers’ Wives Association Shopping Complex in the Computer Village, Ikeja area of Lagos counted their losses following the demolition of the complex on Sunday. PUNCH Metro gathered that demolition took place in the early hours of Sunday with armed security operatives supervising the operation. The Chairman, Computer Dealer Association, in Computer Village, […]

Depreciation: Naira Set For Worst Year Since 1999 – Report

Naira has been rated among the world’s worst performing currencies in 2023. This is according to Bloomberg in its latest report. It said the currency… Naira has been rated among the world’s worst performing currencies in 2023. This is according to Bloomberg in its latest report. It said the currency is poised for its worst […]

Slow e-payment channels worsen cash, Yuletide troubles

• ATMs go blank, PoS operators exploit customers• Nigerians lament as banks’ apps fail• DMBs carry over N200b USSD debt to 2024 as platform drags  Added to the economic slowdown and cash crunch challenges that took the shine off the 2023 festive period, sluggish payment digital channels have compounded the woes of Yuletide. The challenge […]

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