eNaira: Nigeria among top countries leading digital currency adoption
Nigeria has been recognized as one of the top three countries globally where Central Bank Digital Currency has gained significant traction. According to a report released by the U.S.-based Atlantic…
Akwa Ibom allocates N60bn to acquire CRJ900 aircrafts
Akwa Ibom State Governor Pastor Umo Eno has announced a significant financial investment of N60 billion to Ibom Air for the purchase of two new Bombardier CRJ900 aircraft. This strategic…
CBN maintains 5% threshold for Ways and Means advances
The Central Bank of Nigeria has confirmed that it will maintain the Ways and Means Advances to the federal government at a 5% threshold for the fiscal years 2024-2025. This…
FG launches $550m Ubeta upstream gas project
The Presidency has officially launched a $550 million upstream gas project between the Nigerian National Petroleum Corporation Limited and TotalEnergies, focused on developing the Ubeta field. This announcement was made…
UN announces $6m aid for Borno flood victims
The Humanitarian Coordinator in Nigeria, Mohammed Fall announced on Tuesday that the Nigeria Humanitarian Fund will provide $6 million to aid flood victims in Borno State. This funding comes in…
FG eyes $1.5bn GDP through Halal economy
The Nigerian government has announced that it will unveil a comprehensive strategy on Wednesday aimed at establishing the country as a prominent player in the $7 trillion Halal economy. Additionally,…
CBN appoints Gidado as Polaris Bank board chair
The Central Bank of Nigeria has announced the new board of directors for Polaris Bank. In a statement released on Monday, the bank revealed that Kassim Gidado has been appointed…
FG reassures civil servants of IPPIS database security
The Federal Government has reaffirmed the security of the Integrated Personnel and Payroll Information System database, following concerns about its safety. The Office of the Accountant-General of the Federation, through…
NERC mandates 398MW embedded power for Discos to boost electricity
The Nigerian Electricity Regulatory Commission has mandated that Distribution Companies procure a minimum of 398MW of embedded generation to improve power supply reliability. Embedded generation involves power plants connected to…
Okonjo-Iweala announces bid for another four-year term as WTO head
The World Trade Organisation Director-General, Ngozi Okonjo-Iweala, announced her intention to seek a second four-year term as head of the trade organisation. This was disclosed by Okonjo-Iweala during an interview…
110 million Nigerians now have acquired NIN – NIMC
The Director General of the National Identity Management Commission, Abisoye Coker-Odusote, has announced that over 110 million Nigerians have received the National Identification Number. This was disclosed by Coker-Odusote at…
Manufacturers warn FG against ban of single-use plastics
The Manufacturers Association of Nigeria has criticized the proposed nationwide ban on single-use plastics, cautioning that it could adversely affect many small businesses. This was disclosed in a statement by…
