Imo govt to use tourism as economy booster
Bisola David The Imo State Government has made public its plans to use tourism to grow the state's economy. The Punch reported that the state commissioner for…
New naira: No reason to shift Jan 31 deadline, says CBN
Oluwanifemi Ojo The governor of Central Bank of Nigeria has again stated that the deadline for phasing out the old note remains January 31. This was said in…
New naira: Buhari assures Nigerians of speedy circulation
The President, Major General Muhammadu Buhari (Ret'd.), has assured that the government will ensure that citizens are unharmed in their businesses and no disruption is caused to the entire supply…
Eni signs $8bn gas deal with Libya
Oluwanifemi Ojo The chief executive of Italian energy company Claudio Descalzi, said on Saturday that Italian energy company and Libya's National Oil Corporation have a gas production deal of…
UK airline Flybe enters administration, halts flights, trading
Oluwanifemi Ojo Flybe and the British Civil Aviation Authority (CAA) said on Saturday that Flybe has stopped trading and cancelled all scheduled flights. In a statement written by…
Imported goods stunting Nigeria’s domestic production – Presidency
Bisola David The Special Adviser to the President on Media and Publicity, Femi Adesina has said that Nigerian consumers should adopt a different mentality and support locally made…
Nasarawa boosts small businesses with N500m
Kazeem Owoseni The Nasarawa State Government in collaboration with the bank of industry, has come up with another business strategy, by setting aside a total sum of N500…
Buhari to inaugurate Dala International Inland Dry Port on Jan. 30
The Dala International Inland Dry Port in Zawachiki, Kumbotso Local Government Area, Kano State, will be formally inaugurated by President Muhammadu Buhari on Monday, January 30. According to a statement…
We’re not hoarding new naira, banks debunk CBN’s claims
Oluwanifemi Ojo Commercial bank operators in Nigeria have disputed assertions made by the Central Bank of Nigeria that they are hoarding naira notes despite having enough supply. The…
How CBN raised interest rate from 11.5% to 17.5% in eight months
Oluwanifemi Ojo The Central Bank of Nigeria has raised its benchmark interest rate five times since May 2022. The bank had retained its 11.5 percent interest rate for six…
How CBN raised interest rate from 11.5% to 17.5% in eight months
The Central Bank of Nigeria has raised its benchmark interest rate five times since May 2022. The bank had retained its 11.5 percent interest rate for six years before…
FCCPC extends digital money lenders registration deadline
Bisola David The Federal Competition and Consumer Protection Commission stated on Friday that the registration deadline for online money lenders would be extended. The procedure has been extended to…
