CBN orders BDCs to reapply for licenses, sets 6-month deadline The Central Bank of Nigeria (CBN) has directed Bureau De Change (BDC) operators to re-apply for new licenses This was revealed on Wednesday in a revised guideline for BDC operations, signed by Haruna Mustafa, director of the Financial[Read More…]
Tinubu sets up 15-man governorning board for NEITI President Bola Tinubu, on Tuesday, reaffirmed Nigeria’s commitment to the implementation of the Extractive Industries Transparency Initiative by inaugurating the newly constituted 15-member National Stakeholders Working Group, also known as the Governing Board of the Nigeria Extractive Industries Transparency Initiative.[Read More…]
Again, Labour rejects FG’s N54,000 new minimum wage offer The organized labour led by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have rejected the N54,000 offered by the federal government as the new minimum wage. The offer was made to representatives of labour[Read More…]
Nigeria’s ADVAN Awarded for Championing Better Marketing Locally By The World Federation of Advertisers In recognition of its efforts to enhance the marketing industry, the Advertisers Association of Nigeria (ADVAN) has been honoured with a special award for its brief writing Proogrammeme during the Global Marketer Week in[Read More…]
AfDB to support Nigeria’s power sector reforms with $1bn loan The African Development Bank announced its plans to support Nigeria’s power sector with a $1 billion policy-based operation (PBO) fund to boost electricity access. Kevin Kariuki, AfDB vice-president, power, energy, climate change and green growth complex, revealed the[Read More…]
Ecobank MySME Growth Series: Erhabor advocates for AI in Business Development Small and Medium Enterprises (SMEs) in the country have been advised to embrace Artificial Intelligence (AI) technology to grow their businesses. Founder AI Nigeria, Ehia Erhabor, made this submission in his presentation titled “ Using AI[Read More…]
CBN: Nigeria records $282m diaspora remittances in Q1 2024 The Central Bank of Nigeria (CBN) reported $282.61 million in total direct foreign exchange (FX) remittances in the first quarter (Q1) of 2024, which is a 6.28% decrease from the $301.57 million remittances recorded in Q1 2023. The data was obtained[Read More…]
Helicopter Operators landing Fees: NUPENGASSAN demands withdrawal Petroleum workers under the aegis of the Nigeria Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Staff Association of Nigeria (NUPENGASSAN), expresses grave concern regarding the recently introduced landing fees imposed on helicopter operators, especially those servicing[Read More…]
NNPC, partner begins production of 6,000 BPD at OML 13 Nigerian National Petroleum Company Exploration and Production Limited and Natural Oilfield Services Limited have announced the commencement of oil production at Oil Mining Lease 13 in Akwa Ibom State. This was disclosed in a statement signed by[Read More…]
CBN speaks on Inflation Rate The Central Bank of Nigeria’s governor, Olayemi Cardoso, has assured that the Monetary Policy Committee will take all necessary measures to combat and control the country’s ongoing inflationary pressures. The CBN’s hawkish stance on inflation had become obvious from the first MPC[Read More…]
