China to support Zambia’s debt restructuring efforts
China has pledged to continue collaborating with all stakeholders to facilitate Zambia’s debt restructuring process, according to a spokesperson from…
Month: March 2024
Nigeria boosts power grid with new equipment
FGN Power Company, responsible for executing the Presidential Power Initiative (PPI) in Nigeria, has received 10 transformers and 10 Mobile…
Nigeria’s crude oil grades near $90 on Russia-Ukraine conflict
Nigeria’s oil futures, including Brass River and Qua Iboe, experienced gains on Wednesday due to escalating conflicts in the Middle…
BDC Gets 10k Dollars From CBN, To Sell At N1,269/$
Leaders of African nations have received a call to action to create a thriving economic environment for talented youth, aiming…
Executive Order: Jos business owners lament Impact On Operations
Business owners in Jos, the capital of Plateau state, are expressing frustration over the prohibition of trucks from business areas…
Customs: cargo clearance drops by N124 To N1,448/$
The Nigeria Customs Service (NCS) has significantly reduced the exchange rate for cargo clearance and import duties collection from N1,572.5/$…
Binance executive fled Nigeria with smuggled passport – NSA
The National Security Adviser, Nuhu Ribadu, has confirmed the escape of Nadeem Anjarwalla, a suspect in the criminal investigation into…
CBN sells $10,000 to each BDCs at N1,251/$1
The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change (BDC) operators, announcing the sale of…
Xiaomi unveils “SU7” electric car
Xiaomi’s CEO recently revealed plans for the company’s first electric vehicle, the SU7, aiming to make it the most stylish,…
USA: TikTok bill faces uncertain fate in the Senate
As the week begins, markets in Europe and globally are experiencing a slow start due to upcoming holidays. Despite the…
Southern Africa faces food crisis due to Drought
The United States Agency for International Development (USAID) has highlighted a dire situation in southern Africa, with over 20 million…
Kenyan villagers build sand dams for water security
In Makueni, Kenya, residents of Kasengela village are taking matters into their own hands to secure water sources by constructing…
NDIC calls on EFCC to return recovered funds
The Nigeria Deposit Insurance Corporation (NDIC) has urged the Economic and Financial Crimes Commission (EFCC) to return recovered funds to…
FG allocates land for diaspora city project in Abuja
The Minister of Housing and Urban Development, Ahmed Dangiwa, has announced that the Federal Government has allocated 675 hectares of…
Access bank launches offline banking platform
Access Bank Plc has introduced an offline banking platform called 901.ng to provide customers with an additional channel for conducting…
BOI launches palliative food programme, support Nigerians
Launched by the Minister for Industry, Trade and Investment, Dr. Doris Uzoka-Anite, the Bank of Industry (BoI) has initiated a…
APWEN urges government action on water challenges
The Association of Professional Women Engineers of Nigeria (APWEN), Lagos Chapter, has called on the government to address water challenges…
Kaduna DisCo warns customers over unpaid bills
The management of Kaduna Electricity Distribution Company has clarified misconceptions surrounding the payment for electricity consumed during Ramadan by residents…
$7bn FX: OPS threatens to sue banks over rejected applications
Some businesses within the Organised Private Sector of Nigeria (OPSN) are contemplating legal action against commercial banks for prolonged delays…
FG plans joint cable protection, disruption lingers in six countries
The Federal Government has urged West African nations to collaborate in protecting shared telecommunications infrastructure following a recent internet outage…
Dangote spends N15bn on food intervention programme
Aliko Dangote, President of the Dangote Group, has allocated approximately N15 billion to a food intervention programme launched in Kano.…
Nigeria tightens regulations on Crypto operators
Nigeria is intensifying its oversight of the cryptocurrency industry by updating regulations for crypto operators, notably involving Binance. The Securities…
House of Rep passes bill for enhanced judicial salaries
The House of Representatives has approved a bill aimed at increasing salaries and allowances for judicial office holders in Nigeria.…
Neuralink: Musk’s firm says first brain-chip patient plays online chess
Elon Musk’s brain-chip company, Neuralink, has showcased its groundbreaking technology by enabling its first patient, Noland Arbaugh, to control a…
Reddit IPO prices at top range, valued at $6.4 billion
Reddit has priced its shares at the top of the marketed range, valuing the social media platform at $6.4 billion…
Tinubu places ban on ministers’ foreign trips
President Bola Tinubu has put a temporary stop to ministers, agency heads, and government officials from going on publicly funded…
Budget cuts, extend wait for retiree benefits
The reduction in the budget for pensions and retiree benefits in the 2024 budget has led to further delays in…
Agricultural research spending fails to boost farmer output
Despite the federal government spending N266 billion on agricultural research institutes over the past five years, farmers’ output remains low,…
Govt derisking power sector to attract investments– Verheijen
Olu Verheijen, President Bola Tinubu’s energy special adviser, has highlighted ongoing government efforts to reduce risks in the power sector…
CBN clarifies fertiliser donation as not new intervention
The Central Bank of Nigeria (CBN) clarified that the recent donation of 2.15 million bags of fertilisers to farmers is…