CBN: Nigeria’s External Reserves Increase By $5.05 Billion
Nigeria’s external reserves rose by $5.05bn in October, the latest data from the Central Bank of Nigeria showed on Wednesday.…
Category: Local
Facebook Respond To Privacy Concern, To Shut Down Facial Recognition
Scandal-hit Facebook is shutting down its long-criticized facial recognition system and deleting scan data on a billion people, it said…
NIPC Announce $8.99 Billion Investment With Lagos State Topping The List With 81 Percent
The Nigerian Investment Promotion Commission (NIPC) said it tracked $8.99 billion as investment announcements in the third quarter of 2021…
Microsoft Announces Mesh For Microsoft Teams
Microsoft is launching Mesh for Microsoft Teams , a service that combines the AR/VR capabilities of Microsoft Mesh which allows…
94 Percent Of Yearly Pharmaceutical And Medicinal Needs Importation Cost Africa At Least $16 Billion Loss
Pharmacists under the aegis of the Pharmaceutical Society of Nigeria (PSN), yesterday, said Africa loses at least $16 billion (N8.8…
Nigerian Navy Sign Contract To Purchase Offshore Patrol Vessels
The Nigerian Navy yesterday signed a contract with a Turkish company, Messrs Dearsan Shipyard Limited for the purchase of 2…
Acceptance Of £20 And £50 Old Notes To End By December 31st: Deposit Money Banks
Deposit Money Banks in Nigeria have issued a deadline of December 31, 2021 for the acceptance of old £20 and…
JAMB Recorded N3.51 Billion As Part Of 3021 Operating Surplus
The Joint Admissions and Matriculation Board (JAMB) has remitted the sum of N3.51 billion to the national treasury as part…
NCC Engage Stakeholders On 5G Implementation In Nigeria
The Nigerian Communications Commission says it engage stakeholders this week on the Fifth Generation spectrum auction towards the implementation of…
E-Naira Is More Reliable Than Cryptocurrency: CBN
The Central Bank of Nigeria has said that the eNaira is more reliable than cryptocurrencies. The CBN Director of Corporate…
Deportation – Hundreds of Nigerians in Kuwait Beg Govt to Fast Track Passport Process
About 600 Nigerians residing in Kuwait are at the risk of being deported over the failure to get their residential…
NNPC Rule Out Hike In Pump Price Of Products
The Nigerian National Petroleum Corporation has admitted that there are pricing issues at some petrol depots in the country but…
CBN Moves To Fix Domestic Output, FX Constraints For Manufacturing
mes Emejo examines the Central Bank of Nigeria (CBN) “100 for 100 PPP – Policy on Production and Productivity” initiative…
First Bank Launch Digital Centre
First Bank of Nigeria Limited has announced the launch of its fully automated branch, called the FirstBank Digital Experience Centre.…
Nigeria States Made N2.33 Trillion From PAYE In Three Years
The 36 states in Nigeria and the Federal Capital Territory earned N2.33tn from Pay As You Earn in three years,…
Amid Covid-19 Outbreak Nigerians Banks Closed 234 Branches And 649 ATMs In 2020: IMF
The International Monetary Fund (IMF) says Nigerian banks closed 234 branches and 649 automated teller machines (ATMs) in 2020 amid…
CBN And SEC Sanction Five Banks For Various Infractions
The Central Bank of Nigeria and the Securities and Exchange Commission have sanctioned five major banks for committing over 20…
FG Hopeful Dangote Petroleum Refinery, NNPC, And Other Modular Refineries Will Meet Nigerians PMS Demand
The 650,000bpd Dangote Petroleum Refinery, Nigerian National Petroleum Corporation (NNPC) and other modular refineries are expected to be the major…
Nigerian Sovereign Investment Authority Allocation To Be Blocked By House Of Rep Finance Committee
The House of Representatives’ Committee on Finance has vowed to block allocation to Nigerian Sovereign Investment Authority if it fails…
E-Naira:Phone Application For People Without Bank Account To Be Release Soon
The Chief Executive Officer of Bitt Inc., Brian Popelka, has said a phone application for people without bank accounts will…
Federal Government To Ensure The Reduction Of Insider Abuse Of Nuclear Assets
The federal government, through the National Atomic Energy Commission (NAEC), has underscored the need to ensure the reduction of insider…
Facebook Launch Programme Themed “My Digital World” In Sub-Saharan Africa Countries
Facebook has announced the launch of the 2021 edition of a digital literacy programme aimed at equipping young people and…
Introduction Of Hostile Economic Policies Drops Nigeria Volume Of Import Via Benin Republic By 95%
The volume of imports into Nigeria through its neighbor, Benin Republic, has continued on a downward slide through July and…
FRC Vows To Deal With Banks That Gives Loan To Government And Agencies Without Due Process
Fiscal Responsibility Commission has vowed to engage the services of the Independent Corrupt Practices and Other Related Offences Commission and…
Power Generation In Nigeria Dropped From 4,224.9MW To 3,844.3MW
Power generation in Nigeria dropped from a peak of 4,224.9MW on Sunday to 3,844.3MW by 6am on Monday, data obtained…
SEC Urge Stockbrokers To Create Innovative Financial Products
The Securities and Exchange Commission (SEC) has urged operators to create innovative financial products that would support businesses, boost market…
Nigeria Routes Airfares Surge Higher
The lingering shortage of foreign exchange in Nigeria has forced the naira to crash against the United States dollar on…