Blue Economy: NIMASA to invest in R&D — Jamoh The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has disclosed that the Agency is set to reopen the Lokoja office, as part of efforts towards harnessing the Blue Economy, enhancing collaboration, while also promoting[Read More…]
CBN postpones MPC meeting, keeps mum on new date The Central Bank of Nigeria has postponed the Monetary Policy Committee’s 293rd meeting, which was scheduled for September 25 and 26, 2023. A statement by the bank’s Director of Corporate Communications, Dr Isa AbdulMumin, said on Thursday. The statement read,[Read More…]
UNGA 78 : Tinubu speaks to United Nations, seeks more direct investments in Africa President Bola Tinubu called for more direct investments in Africa during his speech at the United Nations General Assembly in New York on September 19th. He noted that the world and several private sector players[Read More…]
Bolt unveils innovative accelerator program to empower Nigerian drivers Bolt, a ride-hailing company, is making strides in driver empowerment through its newly launched accelerator program. In collaboration with the Nest Innovation Park, Bolt is set to create opportunities for drivers to embark on entrepreneurial journeys. Bolt has officially begun[Read More…]
Mayor of Houston Texas endorses Fidelity Bank’s Trade Expo (FITCC) Fidelity Bank’s upcoming trade expo tagged, the Fidelity International Trade and Creative Connect (FITCC Houston), has received a major boost as the Mayor, City of Houston, Sylvester Turner, has termed it, “A catalyst to support bilateral trade between Nigeria[Read More…]
Suzuki mulls products to reduce energy cost Suzuki said it is working on practical ways to mitigate the impact of high fuel prices on Nigerians. Energy costs in Africa’s largest soared appreciably as the Federal Government completely removed subsidy on diesel and petrol recently. The price of petrol surged by[Read More…]
Nigeria servicing 108 W’Bank loans worth $14bn – Report Nigeria is currently servicing about $14.12bn worth of World Bank loans, according to findings by The PUNCH. The figure covered the amount disbursed on about 108 approved loans based on data obtained by our correspondent from the website of the World[Read More…]
LCCI urges CBN to halt interest rate hikes, cites inflationary concerns The Lagos Chamber of Commerce and Industry has urged the Central Bank of Nigeria to suspend interest rate hikes as a measure to alleviate supply-side pressures contributing to rising inflation. In a statement released on Monday, the Director-General of[Read More…]
Dangote Petroleum Refinery begins operation in October Dangote Petroleum Refinery will receive its first cargo of crude next month, the Nation report. Nation Newspapers in an exclusive interview with S & P Global Platts, Executive Director of the Dangote Group, Devakumar Edwin, said the refinery would be launched in phases,[Read More…]
NDIC begins liquidation dividend payment to depositors of Peak MB The Nigeria Deposit Insurance Corporation (NDIC) said it has concluded plans to pay the first liquidation dividend to depositors and ex-staff (deposits) of defunct Peak Merchant Bank. A statement signed by the Director of Communication and Public Affairs, NDIC,[Read More…]
