How CBN is stabilising Naira –Emefiele
In his virtual goodwill message at the opening of the 32nd Seminar for Finance Correspondents and Business Editors in Akure,…
Month: March 2022
FG disburses N142.6m to 14 tertiary institutions for mineral research
Mr. Olamilekan Adegbite, the Minister of Mines and Steel Development (MMSD), announced on Tuesday that N142.6 million had been distributed…
6.4 million applied for N-Power Batch-C programme –FG
Sadiya Farouq, Minister of Humanitarian Affairs, Disaster Management, and Social Development, revealed on Tuesday that the Federal Government received 6.4 million applications for its N-Power Batch-C youth empowerment scheme. N-Power is a federal government initiative launched in June 2016 to combat young unemployment and promote social development. She told…
Chelsea sanctions spark fresh debate over football finance
The crisis that has engulfed Chelsea as a result of the penalties imposed on Russian billionaire owner Roman Abramovich has prompted a new discussion over the money that fuels Europe’s richest league. After Abramovich was targeted by the British government following Russia’s invasion of Ukraine, the Premier League club’s assets were…
Energy crisis: MAN bemoans power crisis, high cost of diesel
As Nigeria’s energy crisis continues to buffet businesses across the country, the Manufacturers Association of Nigeria (MAN) has urged the…
FG will continue to boost business reforms, private sector investment, says Osinbajo
Yemi Osinbajo has said Federal Government will continue to partner with the private sector to ensure wholesome national development. He…
Russia-Ukraine: Nigerian banks not under any major risk, says S & P
The ongoing Russia-Ukraine conflict will have no major negative impact on the overall operations and assets quality of Nigerian banks.…
Buhari summons Gov. Uzodinma, Power Minister, Economic Adviser
President Muhammadu Buhari on Monday summoned Governor Hope Uzodinma of Imo, Minister of Power, Abubakar Aliyu, and his Chief Economic…
Brent rises to $115 as EU considers Russia oil ban
Brent crude, the global oil benchmark, rose 7.3 percent, or $7.88, to $115 per barrel at 7.54 p.m. Nigerian time on Monday, as European Union nations pondered joining the US in a Russian oil embargo. Global oil prices moved higher ahead of talks this week between European Union governments and the United States President,…
FG scraps PCR test for fully vaccinated travellers
The Federal Government announced on Monday that fully vaccinated inbound travelers will no longer be needed to perform a pre-departure PCR COVID-19 test. The FG stated, however, that they will be subjected to a free quick antigen test at the airport by the NCDC in the arrival hall. Many travelers had complained about the high cost of the PCR test, prompting the decision. He added that passengers who are unvaccinated or partially vaccinated are mandated to take a COVID-19 PCR…
Buhari inaugurates 3m metric tonnes Dangote Fertiliser Plant
The President, Major President, Major General Muhammadu Buhari (retd.), has inaugurated the three million metric tonnes Dangote Fertiliser Plant in…
Optimism rises for increased cocoa yield in Ivory Coast
After a prolonged dry season almost cast doubt over Ivory Coast’s ability to record good cocoa yields during the April-to-September…
OPEC+ Compliance Jumped To 136% In February, Say Delegates
Compliance among deal-bound members of the Organisation of Petroleum Exporting Countries (OPEC) and allies OPEC+ rose to 136 per cent…
Stakeholder: CBN’s $250m Intervention in Discos’, TCN Interface Will Stabilise Power Grid
The intervention of the Central Bank of Nigeria (CBN), in the rehabilitation of interfaces between Nigeria’s transmission and distribution infrastructure…
FAAC meets today as NNPC deductions threaten states’ allocations
The planned deduction of N242.53bn fuel subsidy from the Federation Account this month by the Nigerian National Petroleum Company Limited…
CBN to meet NNPC, finance ministry over petrol scarcity
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Monday said that the management of the apex would…
Massive oil thefts threatening external reserves, revenue – MPC
The Monetary Policy Committee of the Central Bank of Nigeria on Monday decried the negative impact of the increasing oil…
Buhari inaugurates Lagos intl airport terminal today
The President, Major General Muhammadu Buhari (retd.), is to inaugurate the newly built international terminal of the Murtala Muhammed Airport,…
Pinterest Unveils a Range of Shopping and Advertising Updates
Pinterest has announced a range of new updates and additions as part of its second annual Pinterest Presents’ global advertiser…
Tennessee State expanding technology program in Africa
Tennessee State University is expanding a technology program for underserved students in Africa to four additional countries. Ghana, Malawi, Nigeria…
Nigerian companies shun IPOs, raise N111bn via CPs
investigations reveal that the value of CP issuances in recent times has risen to N128.25 billion thus far in 2022…
FG commends SON for topping the rating index in ease of doing business
The Federal Ministry of Trade and Investment has commended the Standards Organisation of Nigeria, SON, for coming as the topmost…
Nigeria: Reforms in Agro-Export, Proceed Repatriation Take Shape Albeit At Slower Pace
The federal government’s drive to provide a conducive environment for businesses appeared to have gained traction but at a slower…
Malaysian comms official calls the state to legalize crypto and NFTs
The Malaysian Ministry of Communications and Multimedia is reportedly backing the adoption of cryptocurrencies, with the deputy minister calling the…
How Ukraine embraced cryptocurrencies in response to war
Ukraine’s digital transformation deputy has instructed his officials to set up official government wallets that could accept payments in cryptocurrency.…
FG’ll tap $2.2bn Eurobond for fuel subsidy funding– Minister
Crude oil production drops as Nigeria misses OPEC quota again The FG is planning to tap $2.2bn by this month…
Reps go after 77 oil firms over unremitted N2.6tn revenue
The House of Representatives commenced an investigative hearing on the N2.6tn owed the Federal Government by 77 oil companies operating…
CBN to Introduce Bank Cash Hubs, Releases Guideline
The Central Bank of Nigeria has released a draft guideline for the registration and operation of Bank Neutral Cash Hubs…
Ukraine and the west’s double standard
Multilateralism did not die with the invasion of Ukraine by Russia. It died a long time ago. It died when…
Lagos airport, three others to get concessionaires next week
The Federal Government has finalized plans to announce approved concessionaires for the quadrupling of Lagos, Abuja, Port Harcourt, and Kano…