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Geely unveils AI-powered charging technology to rival BYD

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PETROAN orders nationwide inspection of fuel pumps

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Maritime

FG to life ban in Nigerdock terminal

The Federal Government has announced that it is planning to lift the ban imposed on Nigerdock terminal following the firm’s willingness to abide by the rules amid its contributions to the growth of the national economy.   According to a statement released by the Deputy Director of Press, Anastasia Ogbonna, on Friday, the Minister of […]

sorghum
featured Foods

FG targets sorghum production to boost food security

The Federal Government will progressively produce Sorghum toward meeting the country’s food and industrial demand in the face of climate change and insecurity. The Minister of Agriculture and Rural Development, Dr Mohammad Abubakar, made this known at the presentation of the report of the Sorghum Technical Committee in Abuja on Thursday. Abubakar said the committee […]

Agribusiness

Edo govt supports farmers with rice mills, others

The Edo State Government has acquired equipment and trained farmers for agro-processing in its quest to boost food production across different locations in the state.   The Commissioner for Agriculture and Food Security, Stephen Idehenre, made this known while addressing farmers at the Rubber Estate Nigeria Limited, Ovia South-West Local Government Area, noting that the […]

featured News

New naira notes’ll help control money circulation – CBN

The Governor, Central Bank of Nigeria, Godwin Emefiele, has said the newly redesigned currency will help the apex bank control money in circulation. Emefiele also said the initiative was not targeted at anyone and that it would give the nation’s lender control over the amount of money in circulation. He stated this while briefing State […]

Buhari unveils SDG financing framework
Economy featured

Buhari justifies cashless economy policy

The President, Major General Muhammadu Buhari (retd.), has reiterated the need for a cashless economy in Nigeria. According to The Nation, Buhari said this in Lagos, on Tuesday, at the luncheon and official unveiling of the National Institute of Credit Administration Act. He stated that a cashless economy remains one of the enduring legacies any […]

Emefiele orders banks to dispense old naira notes - Soludo
Economy

Inflation: CBN raises interest rate to 16.5%

The Monetary Policy Committee of the Central Bank of Nigeria have voted to increase the benchmark interest rate by 100 basis points to 16.5 per cent, the highest since 2001.   The CBN Governor, Godwin Emefiele, disclosed this while reading the communique of the last MPC meeting of the year on Tuesday.   The MPC […]

Economy

Inflation: NBCC raises concerns over excise duty increment

The Nigeria-British Chamber of Commerce has warned that the proposed increment in the excise duty by the federal government will lead to more inflation in the country.   Daily Post reported that the organisation made this assertion via a statement issued on Tuesday by its President, Mrs Bisi Adeyemi.   Recall, that the federal government […]

Oil and Gas

Shell completes offshore FPSO’s maintenance

Shell Nigeria Exploration and Production Company Limited has announced the completion of the Turn Around Maintainance of its offshore Floating Production Storage and Offloading Vessel, titled: ‘Bonga’.   The company’s Media Relations Manager, Abimbola Essien-Nellson made this announcement in a statement on Monday.   According to the Tide, the completion of the mandatory overhaul of […]

M-Pesa
News

Vodacom, MultiChoice partner on app development

Vodacom Tanzania has announced a partnership with MultiChoice Tanzania’s DStv, allowing subscribers to access the digital television service through the M-Pesa app via the MyDStv App. The mobile operator acknowledged that it wants to turn M-Pesa into a Super App and ecosystem that other apps can operate and integrate into, much like the Google Play […]

Telkom
News

South Africa’s Telkom under pressure as shares plummets

South African company, Telkom is facing pressure on its profit margins as its share price falls by more than 30 percent over the last month. It was gathered that this was a result of poor results and the failure of telecommunication giant, MTN to take over the operator. The company had earlier warned its stakeholders […]

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