FG announces plans to offset N4trn debt owed GenCos –Ministry
April 15, 2025
FG says UAE will soon lift visa ban on Nigerians Festus Keyamo, minister of aviation and aerospace development, says the United Arab Emirates (UAE) will soon lift the visa restriction on Nigerian travellers. Keyamo stated this on Saturday during an interview with the State House media. He said the country[Read More…]
Fubara tells LG admin heads to take manage Rivers councils Siminalayi Fubara, governor of Rivers, has asked the heads of local government administration to immediately assume control of the 23 council areas of the state. Fubara gave the directive during a statewide broadcast on Tuesday. TheCable reports that the[Read More…]
NITDA advocates for new act to regulate tech sector, levy 1% tax The National Information Technology Development Agency (NITDA) is actively pushing for the passage of a new bill that would transform the agency into a regulator for Nigeria’s tech sector and grant it the power to levy[Read More…]
Fidelity Bank public offer, rights issue to open Thursday June 20 Nigeria’s 6th largest bank, Fidelity Bank Plc will on Thursday, June 20, 2024 open its public offer and Rights Issue. As part of this capital raising process, Fidelity Bank will same Thursday, June 20, 2024 at the[Read More…]
Union Bank Advocates for Environmental Restoration; Commemorates World Environment Day Union Bank, one of Nigeria’s foremost financial institutions, has reemphasised the need to preserve and restore the global habitat through sustainable environmental practices. This clarion call was made during an event organised in partnership with the[Read More…]
World Bank approves $2.25 billion loan to back Tinubu’s reforms Wale Edun, Nigeria’s minister of finance and coordinating minister of the economy announced Thursday night the approval of two major financial support packages by the World Bank. The loans are part of President Tinubu’s ongoing efforts to stabilise the economy,[Read More…]
Dangote says $2.4bn borrowed to fund refinery repaid Aliko Dangote, Africa’s richest person, says he has repaid about $2.4 billion of the $5.5 billion borrowed to build his $19 billion refinery. Speaking at the Afreximbank annual meetings (AAN) and AfriCaribbean Trade and Investment Forum in Nassau, The Bahamas, on[Read More…]
FG declares Monday, Tuesday public holidays to mark muslim Eid-ul-Adha The Federal Government has announced Monday 17th and Tuesday 18th as public holidays to mark this year’s Muslim Eid-ul-Adha celebration. The announcement was made by the Permanent Secretary in the Ministry of Interior, Dr Aishetu Gogo Ndayako. In a statement[Read More…]
No durbar activities in Kano during Eid-el-Kabir, police orders The police command in Kano has banned all durbar activities in the state during the Eid-El-Kabir celebration. The Sallah celebration is expected to take place on June 17. A durbar is a festival held during Eid-el-Kabir and Eid-el-Fitri[Read More…]
Minimum wage: Tinubu says he will pay what Nigeria can afford President Bola Tinubu on Wednesday night said that he will approve a new minimum wage the government can afford, alerting the National Assembly to expect his memorandum on the final settlement. He stated this at a[Read More…]