By EZEKIEL OBI, Abuja – The Central Bank of Nigeria (CBN), has confirmed the evacuation of banknotes from its vaults to commercial banks across the country. This is contained in a statement issued by Dr Isa AbdulMumin, the Acting Director, Corporate Communications of the CBN. He said the move...
BUSINESS
The African Development Bank (AfDB) and the Bank for Trade and Industry (BCI) of Mauritania have signed a 485,000 dollars agreement for Affirmative Finance Action for Women in African (AFAWA). The bank in a statement said that the programme was aimed at promoting women’s access to finance in Africa....
The Association of Northern Agricultural and Allied Commodities Practitioners (ANAACOP) and Central Bank of Nigeria (CBN) has inaugurated farmers programmable money agro e-Naira engagement. The News Agency of Nigeria (NAN) reports that the programme is targeting one million farmers in Northeastern states in 2023 farming season. Mr Godwin Emefiele,...
African Development Bank (AfDB) said it invested about US$ 5.2 billion in supporting and strengthening water and sanitation resilience for almost 97 million Africans in 10 years. A statement issued on AfDB’s website said the bank, since 2015, had invested an average of US$ 900 million yearly to support...
TECNO on Thursday partnered with MTN Nigeria, the largest telecommunications operator in the country, to launch the SPARK 10 5G smartphone as part of efforts to drive digital inclusion and make fast internet accessible to all. The senior manager, Marketing and Strategy, Mr Osaze Ebueku, said at the media...
The Federal Government has assured that the National Carrier will take to the sky before May 29. The Minister of Aviation, Sen. Hadi Sirika, gave the assurances during his presentation at the National Aviation Stakeholders Forum 2023, on Thursday in Abuja. According to him, the Federal Government is taking...
The Naira on Thursday depreciated against the dollar at the investors’ and exporters’ window, exchanging at N461.67. The rate represented a decrease of 0.04 per cent compared to the N461.50 for which it exchanged to the dollar on Wednesday. The open indicative rate closed at N461.25 to the dollar...
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced the call for participation in the third season of its FirstBank Management Associate Programme (FMAP). Interested participants are required to submit their application via https://hdbc.fa.em2.oraclecloud.com/hcmUI/CandidateExperience/en/sites/CX. The application is extended to the general public as...
Sen. Margery Okadigbo, Board Chairman, Nigeria National Petroleum Company Limited (NNPCL) has emphasised the need to promote gender equality in the energy sector in view of its huge benefits. Okadigbo made this known on Wednesday in Abuja at the commemoration of the International Women Day by the Women in...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has unveiled six gazetted regulations to spur investment and economic growth in the midstream and downstream sectors of the petroleum industry. The News Agency of Nigeria (NAN) reports that the regulations which were unveiled on Wednesday in Abuja included the...
By CALLISTUS OFFOR, Abuja – The Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim, has drawn the attention of the digital economy stakeholders and the general public of the Ministry’s activities before, during, and after the 2023 Gubernatorial and State Assembly elections. This is is countianed Ia...
The Central Bank of Nigeria (CBN), says the Nigerian economy has maintained a positive growth trajectory for nine consecutive quarters, since exiting recession in 2020. The CBN Governor, Mr Godwin Emefiele, said this on Tuesday in Abuja, when he read the comminique issued at the end of the 290th...
The Central Bank of Nigeria (CBN), has disbursed N12.65 billion to the Anchor Borrowers Programme (ABP), its flagship agriculture intervention scheme from January till date. The CBN Governor, Mr Godwin Emefiele said this on Tuesday in Abuja, when he read the communique issued at the end of the 290th...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has increased the Monetary Policy Rate (MPR) to 18 per cent from 17.5 per cent. The CBN Governor, Mr Godwin Emefiele said this on Tuesday when he read the communique issued at the end of the 290th...
The Central Bank of Nigeria (CBN), says there is the need to extend financial literacy to children to enable them plan for the future. Chinyere Nwobilor, Head, Consumer Education Division, Consumer Protection Department of the CBN said this on Tuesday in Abuja, at a financial literacy fair to commemorate...
The National Bureau of Statistics (NBS), says the average retail price of a litre of Petrol increased from N170.42 in February 2022 to N263.76 in February 2023. It made the declaration in its Petrol Price Watch for February 2023 released in Abuja on Tuesday. It stated that the February...
Investors at the stock market of the Nigerian Exchange Ltd. (NGX) on Monday lost N16 billion due to sell-offs in medium and largely capitalised stocks. The NGX All Share Index (ASI) decreased by 29.35 basis points or 0.05 per cent to close at 54,886.04 basis points from 54,915.39 recorded...
Mr Jean-Marc Cordier, a former Vice President of the Abu Dhabi National Oil Company (ADNOC), has joined the services of the Nigerian National Petroleum Company Ltd (NNPCL). This is contained in a statement by Mr Garbadeen Muhammad, the Chief Corporate Communications Officer, NNPCL, on Monday in Abuja. Muhammad said...
By CALLISTUS OFFOR, Abuja – The public concourse at the Terminal C of the Nnamdi Azikwe International Airport, Abuja is the first beneficiary of a Telecom Consumer Assistance Resolution and Enquires (TELCARE) Centre unveiled by the Nigerian Communications Commission (NCC). NATIONAL ACCORD reports that this was one of the series...
By JOY ADARA, Abuja – Tax administrators must keep up with the dynamics occasioned by disruptive new technologies of the 21st century, and arm themselves with the necessary skills, capacity and character for effective and efficient tax administration in the fourth industrial revolution age. This was the position expressed...