The President of Islamic Development Bank (IsDB), H.E. Dr. Muhammad Al-Jasser, has called on governments across the world to begin the nurturing of a generation of entrepreneurial leaders, who can help propel the world toward a future rooted in ethical principles and sustainable development. Al-Jasser gave the charge in his opening speech during the just […]
The Central Bank of Nigeria (CBN) has directed OPay, Palmpay, Kuda Bank, and Moniepoint to stop creating accounts for new customers until further notice over alleged illegal forex dealings. Industry sources linked the apex bank’s latest move to an ongoing audit of the Know-Your-Customer (KYC) process of the fintechs, which has been under scrutiny in […]
The Board of Nigeria Football Federation (NFF) has appointed Finidi George as head coach of the Super Eagles. A statement by Ademola Olajire, NFF’s Director of Communications, on Monday indicated that the decision of the NFF to appoint the new head coach was sequel to its approval of the recommendations of its Technical and Development […]
The Minister of Power, Adebayo Adelabu, has assured electricity consumers in the country that any customer not currently enjoying 20 hours of electricity will not be compelled to pay the new tariff. The minister gave the assurance on Monday while appearing before the Senate Committee on Power for its one-day investigative hearing on the need […]
…As Rice Sells At 152.93% Higher Y-o-Y The average price of 1kg Rice local sold loose stood at N1,340.74 in March this year, representing 152.93% rise in price compared to the N530.08 it sold at March 2023 and 9.63% rise from N1,222.97 in February 2024, the National Bureau of Statistics (NBS) has reported. The Bureau […]
The Federal Government has commended the current leadership of the Nigerian Communications Commission (NCC) led by Dr Aminu Maida for improved telecom services across the country. The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, gave the commendation during a recent meeting with the NCC boss and other key officials of the NCC […]
Investment researchers at Bancorp Securities Limited, a leading investment research and consulting services firm, have predicted that the downward trend that characterized banking stocks share prices in the past few weeks will potentially abate amid current indices in the economy. Last week, the equities market sustained its bearish streak for the sixth consecutive week, with […]
Danish shipping and logistics company, A.P Moller-Maersk, has unveiled plans to expand existing port infrastructure in Nigeria with the investment of $600 million to accommodate more container shipping services in the nation’s ports. The investment plan was sequel to the discussions by President Bola Tinubu with the Chairman of the company, Mr. Robert Maersk Uggla, […]
Ogun State Governor, Prince Dapo Abiodun, has ordered that some of the buildings affected by Saturday’s gas explosion at Ita-Oshin in Abeokuta North Local Government area of the state should be evacuated for integrity tests to be carried out on the affected buildings. The governor made this known on Sunday during on-the-spot assessment of damage […]
The Federal Government commenced the search for fund managers for a planned $10 billion diaspora fund that is aimed at attracting dollar inflows and foreign investment into the economy. Reuters reports that a tender document by Nigeria’s Ministry of Industry, Trade and Investment through a public notice indicated that the Federal Government was seeking “fund […]