Neimeth appoints new MD Neimeth International Pharmaceuticals Plc has announced the appointment of Valentine Okelu as the company’s managing director/chief executive officer. A statement from the firm said Okelu assumed duty on August 16, 2023, after the rectification of his appointment at the company’s Annual General Meeting. According to the[Read More…]
CBN Announces New Guidelines For Bureau De Change Operations in Nigeria The Central Bank of Nigeria (CBN) has announced additional guidelines for Bureau De Change (BDC) operators in an overall bid to improve efficiency of the Nigerian foreign exchange market. The decision comes two years after the apex bank[Read More…]
Shettima to represent Tinubu at BRICS summit in South Africa Vice President, Kashim Shettima, will depart Abuja for Johannesburg, South Africa to represent President Bola Tinubu at the 15th BRICS Summit of Heads of State and Government. The Director Information, Office of the Vice President, Mr Olusola Abiola, made[Read More…]
Tinubu announces Momoh as Minister of Niger Delta, reshuffles three ministers designate. President Bola Tinubu has approved the redeployment of Abubakar Momoh from the Federal Ministry of Youth to the Federal Ministry of Niger Delta Development. In a release by the Special Adviser to the President, (Media and[Read More…]
Tinubu targets 11,500 gas-powered vehicles in new initiative President Bola Ahmed Tinubu has approved the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI) to facilitate nationwide adoption of gas-powered vehicles. The Special Adviser to the President (Media and Publicity), Ajuri Ngelale, in a statement, on Saturday said the[Read More…]
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…]
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’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…]
TGI introduces Big Bull Gold in consumer-friendly packs In a move to cater to the evolving needs of consumers, TGI Group, makers of Big Bull Rice have introduced Big Bull Gold, a premium milled parboiled rice in consumer-friendly pack sizes. Using the same unique qualities that catapulted Big Bull Rice[Read More…]
