The Central Bank of Nigeria (CBN) on Thursday announced the lifting of the foreign exchange restriction on importation of 43 items and assured of its commitment to boost liquidity in the foreign exchange market. In a statement on the apex bank’s decision, the Director, Corporate Communications Department, Dr.Isa Abdulmumin, indicated that ”Importers of all the […]
Banking
NDIC Boss Urges ICAN To Integrate Deposit Insurance System In Courses
The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, has urged the Institute of Chartered Accountants of Nigeria (ICAN) to incorporate courses on the Deposit Insurance System (DIS) into its professional programmes and course modules. Hassan made the call during a courtesy visit by the Governing Council of the professional […]
CBN Restates Commitment To Boosting Liquidity In FX Market
The Central Bank of Nigeria (CBN) on Thursday assured the public of its readiness to continue to promote orderliness and professional conduct by all participants in the Nigerian Foreign Exchange (FX) Market to ensure market forces determine exchange rates on a Willing Buyer – Willing Seller principle. The apex bank, in a statement by its […]
Tinubu Appoints Maida As New NCC’s EVC/CEO
President Bola Tinubu has approved the appointment of Dr. Aminu Maida as the new Executive Vice-Chairman/CEO of Nigerian Communications Commission (NCC). Maida’s appointment was contained in a Press Release issued on Wednesday by the President’s Special Adviser on Media and Publicity, Chief Ajuri Ngelale. The new NCC’s EVC/CEO holds an M.Eng in Information Systems Engineering […]
Gates Foundation Announces $30Mn AI Investment In Africa
Bill Gates, co-chair of the Bill & Melinda Gates Foundation, has announced that the Foundation will commit $30 million in a new artificial intelligence (AI) platform in Africa. Gates made the announcement on Wednesday at the Grand Challenges annual meeting hosted by the Bill & Melinda Gates Foundation and its partners, in Senegal. Grand Challenges, […]
Global Electric Vehicles Market To Hit $44.3Bn By 2030 – Analysts
New researches by experts have indicated that the global goods and parcels’ electric delivery vehicles market could reach US$ 44.3 billion by 2030, with an annual growth rate of more than 18.5 percent. In RationalStat’s latest industry analysis, the Global Electric Delivery Vehicles Market value is US$ 13.5 billion in 2023 and is expected to […]
Nigeria’s Capital Importation Dips By 32.90% In Q2 2023
The National Bureau of Statistics (NBS) has reported that Nigeria’s total capital importation in the second quarter of this year, remarkably decreased to US$1,030.21 million, lower than US$1,535.35 million recorded in Q2 2022. The Q2 2023 figures indicated a decrease of 32.90% year-on-year (Y-o-Y) but when compared to the preceding quarter, the nation’s capital importation […]
NDIC Gets ISO Certifications For Service Delivery
The MSECB, a leading international provider of Audit and Certification Services has granted the Nigeria Deposit Insurance Corporation (NDIC) three ISO certifications on Information Security Management System ISO/IEC 27001:2013; IT Service Management System ISO/IEC 20000-1:2011; and Business Continuity Management System, ISO 2230. The first certification relates to how organizations manage and protect their information assets […]
Nigeria’s Upstream CAPEX Drops $21Bn Within 10 Years – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported that the country’s total annual upstream capital expenditure (CAPEX) decreased from $27 billion in 2014 to less than $6 billion in 2022. The Chief Executive Officer of the commission, Mr Gbenga Komolafe, who made this disclosure on the sidelines of the World Petroleum Congress (WPC) in […]
NASENI Reiterates Commitment To FG’s Fuel-Gas Transition Drive
The Executive Vice Chairman and Chief Executive Officer of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Halilu, has charged the management staff of the agency to come up with ideas on how it can effectively support the priorities of the Federal Government, particularly on transition from petrol and diesel-powered vehicles to alternative […]