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Buhari
News

Buhari to flag-off Lagos deep sea port, rice mill

  The President, Major General Muhammadu Buhari (retd.), is expected to inaugurates the Lagos deep sea port project among other projects in the State on Monday. According to the Nation, this is part of the activities of the President, who will be having a two day working visit to the State. During the visit, Buhari, […]

News

Petroleum Minister to secure new capital for Nigeria at London event

  The African Energy Chamber has proudly announced that the Minister of State for Petroleum Resources of Nigeria, Timipre Sylva, will be leading the investment-focused discussion at the Invest in Africa Energy Reception slated to hold on January 26 in London. AEC says the participation of Minister Sylva is essential for securing new capital for […]

FG owes N100bn electricity bill debt - Distributors
Electricity

Electricity: SERAP sues Buhari over tariff hike

Oluwanifemi Ojo     The Socio-Economic Rights and Accountability Project has filed a lawsuit against the President, Major General Muhammadu Buhari(retd.), over “the failure to reverse the unlawful, unjust, and unreasonable increase in electricity tariff, and to probe the spending of public funds as ‘investments and bailouts’ to DisCos and GenCos since 2005.”   Attorney-General […]

New naira note: CBN insist on January 31st deadline
featured

CBN takes new naira awareness to Calabar markets

The Central Bank of Nigeria has expanded its awareness-raising effort to key markets in the Calabar city in advance of the January 31, 2023 deadline for the usage of obsolete Naira notes. The effort to raise awareness was organized by Branch Controller for CBN Calabar, Glory Iniunam. She clarified that the purpose of the activity […]

Ports and Airports

FG approves port workers’ salary increase

The Federal Government has approved salary increment for the staff members of the Nigerian Ports Authority.   The Minister of Transportation, Mu’azu Sambo, said this over the weekend at the long service award organised by the management of the NPA, commending the management of the agency for their commitment to staff welfare.   The Minister […]

Economy

Nigeria may lose 34% GDP to climate disaster – Analyst

  With a median GDP impact of -20% by 2050 and -64% by 2100 under present climate policy, a study has been published by Christian Aid highlighting that the eight poorest countries, including Nigeria could face a bleak economic future. Even if global warming is kept to 1.5 degrees Celsius, the African continent will suffer […]

Senate ask CBN to extend deadline of new naira note
Uncategorized

We are not against Naira redesign – Govs

The 36 states governors of Nigeria has called on the Central Bank of Nigeria (CBN) to effect the changes in its naira redesign policy to address the differences in various states. “Governors are not opposed to the objectives of the naira redesign policy, but observed that there are huge challenges that remain problematic to the […]

FG target Spanish investors for seven oil blocs
featured Oil and Gas

Oil production drops by 83% – Report

  Findings from the Organisation of the Petroleum Exporting Countries report macroeconomic has shown that Nigeria’s export capacity dropped by 83 per cent between 2020 and 2021. According to the data, the country’s monthly production capacity in 2012 was roughly 95,620 million barrels per month, or slightly more than 3 million barrels per day. It […]

Kogi residents lament scarcity of new naira note
Economy

New naira notes’ll enhance Nigeria’s economy – CBN

    The Central Bank of Nigeria emphasised on the economic benefit of the new note as sensitisation intensifies following the closeness of the deadline to phase out the old notes draw near. The CBN has mobilised members of the team to Shasha Market, in Akure North Local Government Area of Ondo State to enlighten […]

Monarchs begs CBN to extend old naira deadline
Banking featured

Monarchs begs CBN to extend old naira deadline

Oluwanifemi Ojo   The OkuIbom Ibibio and President General of Akwa Ibom State Traditional Rulers Council, Edidem Solomon Etuk, appealed to the Central Bank of Nigeria to extend the deadline announced for the phasing out of the old bank notes. The monarch told the Branch Controller, Central Bank of Nigeria, Uyo branch, Akwa Ibom State, […]

Monarchs begs CBN to extend old naira deadline
News

CBN permits DMBs to swap new, old naira notes across LGAs

  The Central Bank of Nigeria has permitted Deposit Money Banks, Money Operators, and super agents to swap the old notes in local government areas to accelerate circulation of the new notes. This strategy would increase the availability of new notes and ensure that people don’t lose their money. This was stated in a circular […]

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