Subsidy Removal: FG approves N180b grant for states to procure grains, fertilser Following the recent removal of fuel Subsidy, the Federal Government, on Thursday, approved N180 billion to be shared by the 36 states of the federation, to help them cushion the effects in the states. Nigeria government[Read More…]
CBN Introduces Foreign Exchange Price Verification System Portal The Central Bank of Nigeria (CBN) on Thursday introduced a foreign exchange price verification system designed for importers to have access to forex. CBN made this known in a statement from its Trade and Exchange Department on Thursday night. The apex[Read More…]
Elumelu’s Transcorp Consolidates its Power Play, Acquire 60% Majority stake in AEDC In a strategic move to consolidates Transcorp’s position in the Nigerian power sector, Christopher Ezeafulukwe, Managing Director/CEO of Transcorp Power Limited, has been entrusted by the Board of the Abuja Electricity Distribution Company (AEDC) to lead the[Read More…]
Nigeria burns up N373b through gas flaring in H1 2023 – NOSDRA Gas flaring cost the treasury N373 billion in the first half of the year ending June (H1 2023) as the waste rose 10 per cent year-on-year (YoY) to 138.7 million metric standard cubic feet (mscf) from 126.1 mscf[Read More…]
Nigeria’s Inflation Hits 24.08% As Food Prices Rise Nigeria’s annual inflation rate rose to 24.08 per cent in July from 22.79 per cent in the previous month, the National Bureau of Statistics (NBS) said Tuesday. The NBS said on a year-on-year basis, the headline inflation rate was 4.44[Read More…]
Ecobank To Promote Ease Of Cross-Border Business Through Foreign Currency Transfer On Its Mobile And Omnilite Apps Ecobank has reiterated that the introduction of Foreign Currency transfer on Ecobank Mobile and Omnilite app is to promote and facilitate ease of cross-border business and financial transactions, stressing that it would[Read More…]
Tinubu appoints Wike as FCT Minister; Umahi, Works; Alake, Solid Minerals President Bola Tinubu has assigned portfolios to the Ministers-designate. Former Rivers and Ebonyi State governors, Nyesome Wike and Dave Umahi, were assigned Ministers of FCT and Works, respectively. It will be recalled that Tinubu sent a list of[Read More…]
Kaduna State government, Google partners to train 5,000 women in Tech The Kaduna State Government, in collaboration with Google, has announced a pioneering initiative to train 5,000 women and girls in data science, artificial intelligence, and entrepreneurial application of digital technologies. The initiative which is part of a[Read More…]
Airtel Uganda set to strengthen its structure on Uganda Stock Exchange Airtel Uganda Limited has announced a strategic plan to enlist its subsidiary, Airtel Uganda Limited on Uganda Stock Exchange. With its move to strengthen its structure and value, Airtel has also disclosed plans to proceed with an initial public[Read More…]
Fidelity Bank Distributes Food Packs to Benue IDPs Leading financial institution, Fidelity Plc, has distributed over 1,200 food packs to the internally Displaced Persons in Makurdi, Benue State in its ongoing commitment to eliminate hunger among vulnerable persons in the society. The event, which took place on Thursday,[Read More…]
