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Ayade Charges Advertising Practitioners On Investment

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In a maiden edition of Out
door Investment Forum organized by the Cross River State Signage and Advertising Agency (CRISSAA), the Cross River State Governor, Senator Prof. Ben Ayade, advised Advertising Practitioners to invest in the state now that there is still space for investment, adding that enormous potentials abound in the state.
Ayade noted that, the growth rate of 4.03 per cent with an annual Gross Domestic Product (GDP) growth rate of 6.33 per cent which the state has currently recorded, assures that the business environment guarantees maximum profit on investment.
According to him, the new Management of CRISSAA is poised to redefine the agency taking it away from being just a revenue collection agency that creates jobs, transfer skills, fabricating industry that can carter for the South- South, South East, and the entire country.
The governor, who was represented by the Deputy Governor, Prof. Ivara Esu, explained that, the present administration seeks to build cottage industries across various sectors with CRISSAA as the major player, and also build an outdoor advertising industry, adding that, the state is politically stable with a strong support for the growth of private sector organisations.
Also speaking, the Director General CRISSAA, Stanley Nsemo, said he and his team are poised to create something new and different, noting that customer care lines are open 24 hours to receive text messages and calls for complaints, for solutions to be offered before dusk.
He said the purpose of the forum was to bring both government and other stakeholders of outdoor adverting to see each other as partners so that the government would know their flaws and where to make amends while describing the state as being discovered even though Africa is yet to be discovered.
Also, the Commissioner for Information, Mrs RoseMary Archibong, corroborated the DG CRISSAA, saying, the discoveries in the state were many and more were to be made noting that, the principal they were working with was engaged in total re-engineering of the state and that the advertisement industry was the window of selling the state to the world, and assured outdoor practitioners of reaping the dividends of their investment.
Mrs. Achibong said, the Super Highway is real and that the Deep seaport was also real, explaining that, these are the evacuation route of the products and that the garment factory is also an area where advertisement industry could thrive, the Rice city, where investors from Thailand were opening a school which would Certify graduates, and others from Mexico are also coming to invest in banana.
In terms of security, she said, the state has good protection pointing to the largest street party in Africa hosted annually which has attracted people from embassies, Nollywood and around the world, stressing that, the annual carnival has not limited itself to merriment alone but has a mandate to plant five million trees annually to support the rain forest the state is still maintaining.
Presenting his paper, the Chairman/CEO, Investment Promotion, (Arc) John Etim Bassey, said the indices for determining investment are here in Cross River State and noted that, security is well organized, the location of the State is the fastest evacuation corridor, and that the infrastructure is being provided in terms of the super highway and the deep seaport for convenience, both inland and off shore.

 

Friday Nwagbara, Calabar

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Withdrawal, Deposit Fees Changes From May 1, 2026 Still Stands – CBN … Declares 5 Banking Services Free

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The Central Bank of Nigeria (CBN) has said that the announced changes in fees attached to several everyday banking services, scheduled to take effect on May 1, 2026 has commenced.
The changes are contained in the apex bank’s revised Guide to Charges by Banks and Other Financial Institutions, which outlines consumer-focused reforms designed to improve transparency and reduce the burden of banking fees nationwide.
According to the document, which was signed by Dr. Rita Sike, the CBN’s Director of the Financial Policy and Regulation Department, the new changes affect account reactivation, ATM withdrawals on own bank networks, and virtual card issuance.
Following the changes made by  CBN, the five key banking services affected by the CBN’s update are in account reactivation and closure, under which banks are no longer allowed to charge customers for reactivating dormant accounts, while account closure also remains free.
The second change is that banks will now be required to provide monthly statement of account to their customers at no cost, and also ensure better access to financial information.
However, requests for printed statements outside the agreed standard format attract a maximum fee of N20 per page.
Thirdly, the CBN has introduced small inter-bank electronic transfers to promote digital payments and micro-transactions.
The implication is that, henceforth, transfers from N0 to N5,000 are free, transfers between N5,000 and N50,000 will attract a maximum fee of N10, while transfers above N50,000 are capped at N50.
The fourth change in the CBN update is in the use of own bank’s ATM (On-Us Transactions).
Here, withdrawals made from your bank’s ATM (on-us transactions) are free. Non-cash transactions, such as intra-bank transfers carried out at these ATMs, also attract no charges.
The fifth change is in virtual cards and PIN management in which banks are now required to issue virtual cards at no cost. In addition, PIN-related services, including PIN re-issuance and resets, are free for all customers.
The document further said the new charges guide, which aims to boost financial inclusion and reduce banking costs, updates the 2020 version to better align with current market realities, particularly the growing reliance on digital payments and mobile banking.
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Binani Air Commences Flight Operations May 10 in Nigeria

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Binani Air has announced the commencement of sales tickets on Monday, describing the development as a milestone that will improve the aviation sector and create jobs for the people in Nigeria, as head of its scheduled inaugural flight operations starts May 10, 2026,
In a statement issued by the head of corporate communications of the new airline, the move marks a significant milestone in the aviation sector.
She said this announces the transition from vision to operation as the airline moves closer to welcoming its first passengers on board.
Quoting the Chief Executive Officer of Binani Air, Aminatu Dahiru Chiroma, the Corporate communications officer said,”the commencement of ticket sales represents more than just access to flights. It reflects the airline’s readiness to deliver a new standard of air travel in Nigeria.
“Opening our ticket sales is a defining moment for us. It is the point at which our commitment becomes real for the travelling public. From this moment, we are not just preparing to fly—we are preparing to serve.
“Built on the principles of reliability, safety, and respect for passengers’ time, Binani Air enters the market with a clear focus on consistency and operational discipline.
“The airline is committed to delivering a travel experience that is both seamless and reassuring, particularly in a sector where trust remains critical.
“Passengers can expect a streamlined booking process, responsive customer engagement, and a service culture designed to prioritize comfort and professionalism from the very first interaction”.
Chiroma said as anticipation builds towards the inaugural flight, Binani Air invites travellers, corporate partners, and stakeholders to be part of this defining journey, one that seeks to reshape expectations and restore confidence in Nigerian aviation.
She said “bookings are available via the airline’s official website (www.binaniair.com) and authorised travel partners from 12 noon of 4th of May 2026.”
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DANGOTE Debunks Claims Of Rift With Tony

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The Dangote Group has dismissed as false and malicious publication alleging that its President, Aliko Dangote, distanced himself from fellow businessman Tony Elumelu.
In a statement issued by the company, the Group said it never made such claims and described the report as baseless and a deliberate misrepresentation of facts.
The statement was signed by the Group Chief Branding and Communications Officer of Dangote Industries Limited Anthony Chiejina.
The company also refuted assertions that the development of the Dangote Petroleum Refinery & Petrochemicals was financed through personal borrowing from friends.
It maintained that such claims are entirely inaccurate, stressing that Dangote does not fund projects through informal personal lending arrangements.
Addressing speculation about a fallout between Dangote and Elumelu, the Group clarified that both men maintain a longstanding and cordial relationship.
The statement further expressed concern over what it described as a growing trend of fabricated statements and the unauthorised use of Dangote’s name, image, and likeness in AI-generated advertisements and misleading content, warning that such actions could amount to fraud and reputational damage.
The company warned individuals and platforms involved in spreading false information to desist immediately, noting that it would take appropriate legal action where necessary.
The Dangote Group reiterated its commitment to maintaining high standards of integrity while continuing to promote industrialisation, economic self-sufficiency, and sustainable development across Africa.
Nkpemenyie Mcdominic, Lagos
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