The Central Bank of Nigeria, CBN, has limited weekly cash withdrawals over the counter to N100,000 for individuals and N500,000 for organisations regardless of their size. We discussed further on this episode of #BusinessEdge

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Tolulope Adeleru-Balogun

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Nigeria's Central Bank Limits Cash Withdrawals
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Support Legit.ng via the link: https://corp.legit.ng/support-legit COVID-19: Is Nigeria ready for another lockdown | Legit TV
The second wave of the COVID-19 pandemic has hit many countries, with experts warning that Nigeria may also experience same.

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Nigerian singer Douglas Jack Agu popularly known as Runtown says he will be leading a protest to end the terror carried out by men of the Special Anti Robbery Squad (SARS).
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Nigeria's President Muhammadu Buhari has met with the country's security chiefs to order surveillance and monitoring of the Abuja-Kaduna rail line. On Monday, a train travelling between the two cities was attacked, leaving at least eight people dead.
SABC News correspondent, Ajeck Mangut, has more.

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This Video summarized all the happenings in Nigerian as we protest against #endsars #endpolicebrutaility #endbadbadgoverance

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We begin in Germany where the Federal Republic of Nigeria and the Federal Republic of Germany witnessed further expansion and strengthening as two important agreements were signed between Nigerian and German businesses on Tuesday in Berlin.
President Bola Tinubu told investors at the 10th German-Nigerian Business Forum that Nigeria has a resilient democracy and is already positioned to attract foreign direct investments

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Venezuela is in chaos. How did we get here?

Correction at 1:58: The Supreme Court tried to strip the country’s National Assembly of its powers in March 2017 and not 2016. We regret the error.

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Venezuela was once the richest country in Latin America. It has the largest known oil reserves in the world and its democratic government was once praised world wide.

But today, Venezuela’s democratic institutions and its economy are in shambles.The country has the highest inflation in the world, making food and medicine inaccessible to most Venezuelans.

Over the last four years, its GDP has fallen 35%, which is a sharper drop than the one seen during the Great Depression in the US. The country’s murder rate has surpassed that of the most dangerous cities in the world.

These conditions have sparked months of protests against the president, Nicolas Maduro. And it’s easy to see why: the country has become measurably worse since his election in 2013.

For more on the Supreme Court ruling: https://www.vox.com/world/2017..../5/1/15408828/venezu

Sources:

0:56 https://tradingeconomics.com/v....enezuela/inflation-c , https://tradingeconomics.com/v....enezuela/consumer-pr , http://www.imf.org/external/da....tamapper/PPPPC@WEO/O , https://en.wikipedia.org/wiki/....Crime_in_Venezuela#/

https://www.reuters.com/articl....e/us-venezuela-econo

1:25 https://www.scribd.com/documen....t/354981596/Datanali (Page 22)

http://www.datanalisis.com/

1:54 https://www.wsj.com/articles/m....aduro-s-allies-stack

3:27 https://www.eia.gov/todayinene....rgy/detail.php?id=24

3:44 https://commons.wikimedia.org/....wiki/File:Venezuela_

4:00 https://www.economist.com/news..../finance-and-economi

4:40 https://www.cato.org/research/....troubled-currencies?

Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com

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Petrol prices have almost doubled across fuel stations in Benin Republic after it was announced that subsidy would be removed in Nigeria.

The product, which was sold for 450 CFA has now risen to 700 CFA or 800 CFA, depending on the vendor.

Host: Blessings Mosugu
News Central’s Perpetua Fasanmi-Peter reports

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Muktah Mohammed, Economist joined us to discuss
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In tonight's edition: Liberians have voted for change. Joseph Boakai has been declared the country's new president-elect with 50.64% of the vote. Also, with one month to go before general elections in DR Congo, President Felix Tshisekedi is gearing up to run against more than 20 candidates. Finally, students are among the victims of Nigeria's rampant inflation. Some federal universities have been hit with a 300 percent increase in tuition fees.


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Nigerian Human Resources Professionals from a number of companies in a range of sectors are expecting to lose large numbers of their staff as foreign post graduate courses begin in September 2022. It’s only part of a trend that has seen Nigeria lose a large number of skilled workers to the labor markets of countries like the United Kingdom, Canada, Australia and the Netherlands.

Over half of the 72,000 doctors registered with the Medical and Dental Council of Nigeria practice outside the country. Nigeria is in the midst of a #braindrain that will have lasting consequences for the economy and the potential growth. Toda on #BusinessEdge, we looked at how the #japa trend could impact Nigeria.

Anchor:
Tolulope Adeleru-Balogun

Guest:
Samuel Oyekanmi, Senior Research Analyst, Nairametrics.

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Nigeria’s gubernatorial elections have been pushed back to March 18 instead of March 11. The country's electoral commission says the extra time will allow officials to reconfigure and deploy voting machines that were used in February's presidential and legislative elections.

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That children are championing the course against a debased pact, shows how the society has sunk and wallowed in vices. Students in Plateau took to the streets of Jos, the State capital, to protest against the proposed treaty signing on legalisation of Lesbianism, Gay marriage, Bisexual and Transgender, LGBT in Nigeria. The protesting students said the treaty is an abomination and unacceptable to the two major religions in the country. According to them, the treaty could ruin their future if endorsed, urging the Federal Government not to sign it.
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Reps Urge Buhari To Suspend Scheme
Segun Sopitan, Business Analyst Joins Us Virtually
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The Middle Belt Forum has stated that the breakdown of various national institutions is an indication that Nigeria is a failed state. The forum stated that the government has no intention to maintain public order. It also predicted that the nation would not survive its challenges and would have collapsed by 2030.
Plus TV Africa's Maryann Duke Okon brings you PLUS POLITICS, a show designed to keep YOU in the know. Take the best of Plus TV Africa with you on the move!
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