Blog

FG begins agro-investment scheme for N-Power beneficiaries

The Federal Government on Monday inaugurated the NEXIT/CBN agri-business small and medium enterprises investment scheme for exited N-Power beneficiaries in batches A and B. Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, who inaugurated the scheme in Abuja, stated that out of the 467,183 trainees who indicated interest, 75,600 would participate in […]

agencyreport
15th March 2022
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New naira'll make ransom payment difficult - CBN

Policy and Regulations

CBN sets N1m limit for cash collection centres

The Central Bank of Nigeria has pegged the minimum transaction limit for corporate and individuals transacting with Bank Neutral Cash Hubs at N1m and N500,000 respectively. The banking regulator disclosed this in a guideline for the registration and operation of Bank Neutral Cash Hubs in Nigeria released on Monday. It said, “The threshold for eligible […]

agencyreport
15th March 2022
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Ports and Airports

Lekki seaport’ll contribute $360bn to Nigeria’s GDP – FG

The Lekki Deep Seaport in Lagos Free Trade Zone is going add about $360bn to Nigeria’s Gross Domestic Product within 45 years, the Federal Government announced on Sunday. The Minister of Transportation, Rotimi Amaechi, who announced this after inspecting the seaport, also stated that the facility would begin commercial operations in September this year. He […]

user
14th March 2022
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Economy

Bakers threaten shutdown as diesel price soars

Bakers under the aegis of Premium BreadMakers Association of Nigeria are mulling a total shutdown of operations, following steady and fast increases in the price of diesel in the past few days. The association said the continued rise in the price of diesel had made the price of the commodity to be doubled, warning that […]

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14th March 2022
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Energy

Negotiations with labour on fuel subsidy removal still ongoing – FG

The Federal Government is still in negotiations with the organised labour as regards the removal of subsidy on Premium Motor Spirit, popularly called petrol, it was gathered on Sunday. Officials of the Nigerian National Petroleum Company Limited and the Nigerian Midstream and Downstream Petroleum Regulatory Authority stated that the removal of subsidy on petrol had […]

user
14th March 2022
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Economy

FG inaugurates 35-hectare Imo farm estate

THE Federal Government has inaugurated the rehabilitated 35-hectare Achara-Ubo Emekuku Integrated Farm Estate in Imo State, engaging about 1,000 farmers in the project. It said the rehabilitated farm estate, which was abandoned for about 30 years, now had six poultry houses with 18 pens that contain about 15,000 birds, three goat houses with 196 goats […]

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14th March 2022
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Appointments

Wakanow appoints Aleshinloye head of marketing

Wakanow, a travel agency, has announced the appointment of Muyiwa Aleshinloye as its new head of Marketing. The agency disclosed this in a statement. It said, “Effective immediately, Muyiwa will be tasked with overseeing and driving end-to-end marketing strategies for all the brands under his portfolio. “Prior to his new role, the newly appointed marketing […]

user
13th March 2022
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Policy and Regulations

CBN releases operating guidelines for R200 policy

The Central Bank of Nigeria has released guidelines for the operationalisation of its R200 policy. The apex bank recently initiated the R200 policy in an effort to reduce exposure to volatile sources of foreign exchange and to earn more stable and sustainable inflows. The policy is aimed at raising 200 billion dollars in Foreign Exchange […]

user
6th March 2022
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Ports and Airports

FG urged to complete Sokoto airport hajj terminal

A member of the House of Representatives from Dange/Shuni/Bodinga-Tureta Federal Constituency, Balarabe Shehu-Kakale, has urged the Federal Government to complete the international Hajj Terminal at the Sultan Abubakar III International Airport, Sokoto. Shehu-Kakale, who spoke to the News Agency of Nigeria in Abuja, on Sunday, said, ”We are calling on the Federal Ministry of Aviation […]

user
6th March 2022
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Appointments

Buhari directs youths’ appointments as board members of MDAs

The President, Major General Muhammadu Buhari (retd.), has directed relevant government officials to ensure that young people with the requisite skills and experience are included in all Boards and Committees of the Federal Government. The President, gave the directive while receiving members of the All Progressives Congress National Youth Lobby Group in Abuja. He specifically […]

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6th March 2022
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Conferences

Energy leader Romeo Power participates in two conferences

Romeo Power, Inc, an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, has announced that senior management will participate in two conferences during the month of March, including: 2nd Annual Cowen Mobility Disruption Conference on March 4th 34th Annual Roth Conference on March 14th The Cowen Mobility Disruption Conference will be […]

user
6th March 2022
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Energy

Nigeria’s gas revolution will lift West Africa’s energy –Sylva

Minister of State for Petroleum Resources, Timipre Sylva, has said that the West African sub-region can become energy self-sufficient as a result of Nigeria’s gas revolution. Sylva said the Nigerian government was working on a Roadmap to Gas-Powered Economy by 2030 which requires input by stakeholders in the sector. The minister spoke at the Decade of […]

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6th March 2022
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