The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, on Tuesday disclosed that the country saved $21 billion on food imports in the last three and half years. Ogbeh, who gave this hint when he hosted officials of the Bank of Agriculture (BOA) and Bureau of Public Enterprises (BPE) during a meeting in Abuja, […]
The Senate on Wednesday during plenary rejected a bill proposing the complete phase out of petrol-powered cars in Nigeria and adopting the electric-powered automobiles. The sponsor of the bill, Senator Ben Murray-Bruce, had while presenting the draft legislation argued that it would be cheaper to use electric-powered cars than the current petrol-powered automobiles cars in […]
Jaiz Bank Plc on Tuesday confirmed that it secured a N3 billion financing facility from the Bank of Industry (BOI) to support its lending to Small and Medium Enterprises (MSMEs) in the country The Managing Director of the bank, Hassan Usman, who disclosed this in Abuja said that assured that the fund would be disbursed […]
The Federal Airports Authority of Nigeria (FAAN), has indicated its readiness to suspend its services at Gombe, Kebbi and Bebi airports as from May 1 following the airports management’s failure to settle their outstanding indebtedness it. The authority’s spokesperson, Mrs. Henrietta Yakubu, in a statement also hinted that more airports or terminals would also cease […]
The Central Bank of Nigeria (CBN) on Tuesday supported the inter-bank Foreign Exchange Market with the sum of $210 million in continuation of its sustenance of liquidity in that segment of the market. Data provided by the bank on the intervention indicated that authorized dealers in the wholesale segment of the market were offered the […]
The National Bureau of Statistics (NBS) on Tuesday reported that Nigeria’s Consumer Price Index (CPI), which measures inflation rate, dipped to 11.25 per cent (year-on-year) in March, representing 0.06 per cent points lower than the rate recorded in February. The Bureau in its “CPI and Inflation Report’’ stated that increases were recorded in all Classification […]
The Association of Bureaux De Change Operators of Nigeria (ABCON) has canvassed the need for government to fast-track the implementation of the power sector reform programme as a desirable step towards providing stable electricity for households and businesses in the country. This is even as it called on its member-entities BDCs to adopt the principle […]
A High Court of the Federal Capital Territory on Tuesday, discharged and acquitted the suspended Director General of the Security and Exchange Commission, SEC, Mounir Gwarzo. The acquittal followed the dismissal by the court of a five-count charge the Independent and Corrupt Practices and Other Related Commission (ICPC) preferred against him and the Executive Commissioner, […]
The Presidency on Monday made clarifications on why the President Muhammadu Buhari-led administration mulled the plans to establish the Special Economic Zones in the country as part of its efforts to fast-track Nigeria’s industrial development. The clarification came on the heels of recent misrepresentation about the purpose of the zones being peddled in the public, […]
The Nigerian Communications Commission (NCC) reported that Internet users in Nigeria increased to 114,752,357 million in February 2019. The latest data showed that overall internet users increased by 850,153 in February from the 113,875,204 users recorded in January. The commission gave these figures in its Monthly Internet Subscribers Data for February posted on its website. […]