BUA Foods grows profit to N112bn BUA Foods has improved profit after tax by 22.72 per cent to N112.1bn in 2023 from the N91.3bn reported in the prior year. According to its annual report and financial statements for the year ended December 2023 filed with the Nigerian Exchange Limited,[Read More…]
NCC extends NIN-SIM deadline to July 31 The Nigerian Communications Commission (NCC) has extended the deadline for the disconnection of unlinked lines from April 15 to July 31, for subscribers with more than four SIM cards. According to source from the Telecommunication sector the deadline for those with less than[Read More…]
Binance Executive Sues Ribadu, EFCC Detained Binance executive, Tigran Gambaryan, has sued Nuhu Ribadu, the national security adviser (NSA) and the Economic Financial Crimes Commission (EFCC) over alleged violation of his fundamental rights. According to NAN on Thursday, Gambaryan, in the originating motion dated and filed March 18[Read More…]
Shettima Assures Nigerians of Naira Stability Vice President Kashim Shettima has assured that the naira will continue to stabilise in the coming weeks and months. Shettima gave the assurance at the inauguration of the National Design and Innovation Competition, held at the Presidential Villa, Abuja, on Wednesday. The event was[Read More…]
CBN increases interest rate to 24.75% The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, from 22.75 percent to 24.75 percent. CBN governor, Olayemi Cardoso, made the rate adjustment announcement at a news conference on Tuesday during[Read More…]
FG secures ¥15b loan from Japan boost agricultural projects Wale Edun, minister of finance and the coordinating minister of the economy, says the federal government has received the sum of ¥15 billion from the Japanese International Cooperation Agency to support the country’s national agricultural scheme project. Edun spoke while addressing[Read More…]
Nigeria moves to intervene as farmers lose N12bn to ginger blight epidemic The federal government has confirmed the outbreak of ginger blight epidemic in four states across Nigeria, adding that farmers have lost over N12bn due to the disease. Minister of state for agriculture and food security,[Read More…]
Judge reduces Donald Trump’s Bond in civil fraud appeal to $175m Former President Donald Trump has 10 days to post $175 million in bond after a New York judge agreed to reduce the bond payment in his civil fraud appeal on Monday. Before the judge’s ruling, Trump was due to[Read More…]
ONSA confirms escape of Binance executive, notifies INTERPOL Zakari Mijinyawa, the head of strategic communication at the Office of the National Security Adviser (ONSA), has provided an update regarding the escape of Mr. Anjarwalla from Nigeria using a smuggled passport. According to Mijinyawa’s statement, preliminary investigations have revealed that[Read More…]
Nigeria seeks joint West Africa regional protection of undersea cables Nigeria has called for a coordinated and multilateral approach by the West African region to protect shared telecommunications infrastructure and diversify connectivity to ensure uninterruptible connections. Nigeria made the submission following the recent undersea cable cuts that challenged connectivities[Read More…]
