How mobile subscriptions hit 4.61 million in 2022 – NCC
New industry figures from the Nigerian Communications Commission show that mobile subscriptions have increased by 4.61 million, reaching 226.84 million in 2022. The Punch reported that this continues the upward…
CBN, NiMet collaborate on food security
In order to increase the nation's food security, the Nigerian Meteorological Agency and the Central Bank of Nigeria have signed a Memorandum of Understanding. According to the News Agency of…
Why stakeholders must create sustainable insurance policy
Vanessa Anetoh The Institute of Loss Adjusters of Nigeria has stressed the need for stakeholders to develop sustainable insurance policies in Nigeria's risk industry. This was disclosed over the…
Nigeria gets Afreximbank’s $350k to develop inland waterways
The African Export-Import Bank has donated $350,000 to maximize the use of transportation on Nigeria's interior waterways. According to The Sun, the African Export-Import Bank, the Nigerian Export-Import Bank, the…
Walt Disney begins lay off 7,000 workers
Alex Omenye Entertainment company, Walt Disney has begun to lay off 7,000 employees on Monday. According to the letter sent to employees by Chief Executive Bob Iger and obtained by…
Top aircraft maker Diamond considers investment in Nigeria
A leading aircraft manufacturer, Diamond Aircraft, has announced its plans explore the market potentials in Africa and establish strong presence in Nigeria. According to The Punch, this was said last…
South African rand bows to rising dollar
South Africa's rand experienced a decline on Monday against a strengthening US dollar, with investors anticipating the central bank's verdict on monetary policy later this week. As of 06:35 GMT,…
First Citizens to buy part of collapsed Silicon Valley Bank
The U.S. Federal Deposit Insurance Corporation said Monday that First Citizens Bank & Trust Co will buy Silicon Valley Bank's deposits and loans. CNBN reported that this information was revealed…
Foreign airlines increase airfare by 20%
Findings has revealed that International airfares has increased by 20% after foreign airlines raised the exchange rate for ticket sale from N462 per dollar to…
Germany transport workers to strike over high inflation
Germany's transport staff are set to begin the largest strikes in decades on Monday, which will severely disrupt mass transport and airports. According to Reuters, the industrial action is a…
E-naira’ll reduce naira scarcity – CBN
The Special Assistant on Payment to the Governor of the Central Bank, Mary Fasheitan, has said that the usage of the digital naira (eNaira), will address the current cash scarcity…
NASENI launches $325.8m solar cells plant project
The National Agency for Science and Engineering Infrastructure's Executive Vice Chairman and Chief Executive Officer, Prof. Mohammad Sani Haruna, announced on Wednesday that the organization has started construction on a $325,860,690…
