After minimal progress since its launch in January 2018, the Single African Air Transport Market (SAATM) appeared to reach a decision this week with 15 of the 35 signatory states launching a cluster to pilot the scheme in real life. The announcement is a major boost to the proposed...
BUSINESS
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the apex bank will fall back on its strategic grains reserve to check food inflation. Speaking to newsmen in Abuja on Tuesday, Emefiele said the idea was to moderate food prices that could be occasioned by...
Chief Timipre Silva, Minister of Petroleum Resources, says one of the key mandates of the ministry is to grow oil reserves from the current 37 billion barrels to 40 billion barrels by 2025. Sylva said this on Tuesday at the official ground-breaking of the Oil Prospecting Licenses (OPLs) 809...
Average price of 5kg cooking gas rose by 0.21 per cent from N4,474.48 in September to N4,483.75 in October. The increased price is contained in the National Bureau of Statistics (NBS) “Cooking Gas Price Watch’’ for October 2022 issued on Monday in Abuja. It said stated that on a...
The Debt Management Office (DMO) offered N100 billion “Ijarah Sukuk’’ bonds for subscription at N1,000 per unit on Monday on behalf of the Federal Government. It stated in Abuja that the offer is of 10-year tenor due for maturity in December 2032. The bonds are issued by FGN Roads...
Prof. Ken Ife, a Development Economist, says Central Bank of Nigeria’s monetary policy is not working because 80 per cent of the nation’s money is not in circulation. Ife stated this during the 10th Convocation Lecture of Godfrey Okoye University, Enugu, on Friday, with the theme “Nigeria: The State...
A few years ago, Mr. Ranti bought a piece of land somewhere in Lagos. He didn’t buy it to develop it, rather, to resell it. The cost of that land then was 500 thousand naira. And he waited for a few years because he knew how land rapidly appreciates....
The African Union Commission (AUC), and the African Development Bank (AfDB) have signed a grant agreement of 9.73 dollars to drive digital market development in Africa. In a statement issued on the website of the AfDB on Friday, the agreement was for implementation of Phase 1 of the Upstream...
By MBAFAN ADE – An Abuja-based civic-tech non-profit organisation, PROMAD, says the practice of making the government annual budget without quality needs assessment to harness citizens’ voices is responsible for the high poverty rate in the country. Founder and Executive Director of the organization, , Daisi Omokungbe, made known...
By CALLISTUS OFFOR, Abuja – The Nigerian Communications Commission (NCC) has announced the adoption and publication of the final version of the Information Memorandum (IM) to guide the upcoming auction of the remaining lots of the 3.5 gigahertz (GHz) Spectrum for the deployment of Fifth Generation (5G) services in...
By MBAFAN ADE, Abuja – Nigerian banks have announced modifications to their operating hours in order to assist Nigerians holding soon-to-expire Naira currencies. This is just as the Central Bank of Nigeria (CBN), has instructed commercial banks in the country to work on Saturdays till Jan. 31, 2023, to...
Nigerian Communications Satellite Ltd.(NIGCOMSAT) said it plans to deploy 5G, using a new satellite, NIGCOMSAT 2. It also said that the NIGCOMSAT 2 would be launched into orbit by the first quarter of 2023 to enhance coverage. Dr Abimbola Alale, Managing Director of NIGCOMSAT, made these known during a...
The Central Bank of Nigeria (CBN) has instructed commercial banks in the country to work on Saturdays till Jan. 31, 2023, to enable bank customers return old naira notes for new ones. Mr Osita Nwasinobi, the Director, Corporate Communications Department of the apex bank, stated this at the CBN...
By CALLISTUS OFFOR, Abuja – The Nigerian Communications Commission (NCC) has commended the Ondo State Government for its commitment to the deployment of broadband infrastructure through the Odua Infraco, urging other states to come on board the efforts to make the service available to their citizens. A delegation of...
The Rice Farmers Association of Nigeria (RIFAN), has signed a Memorandum of Understanding (MoU) with Tiamin Rice company for processing and sale of rice locally and internationally. This is contained in a statement issued by the Deputy Managing Director of Tiamin Rice Company, Mr Aliyu Ibrahim in Abuja. Aliyu...
Director General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Mr Olawale Fasanya, has revealed that the Medium and Small Enterprises (MSMEs) contributed about 46.3 per cent to the nation’s Gross Domestic Product (GDP). Fasanya revealed this on Wednesday, in Calabar, at the graduation ceremony of the 90...
The House of Representatives Ad hoc Committee Investigating the Structure and Accountability of Joint Venture (JV) Business and Production Sharing Contracts (PSCS) of Nigerian National Petroleum Corporation (NNPC) Ltd has summoned the Chairman of Federal Inland Revenue Service (FIRS). The Chairman of the service, Mr Muhammad Nami, was summoned...
The British High Commissioner to Nigeria, Ms Catriona Laing, Wednesday said the United Kingdom (UK) government has launched a $100 million program through the First Bank of Nigeria as direct funding to women owned enterprises in Nigeria. Laing, made this known at the ongoing Gender and Inclusion summit organised...
Latest Job Vacancies in Nigeria Today 2023 MTN Nigeria Global Graduate Development Programme Credit Officer at Zakah Empowerment Initiative Ongoing Recruitment at ASL Contractors Graduate Trai.nee Business Development Officer Job at Rich-Oak Customer Service Officer Job at Tranquil & Quest IT Officer Job at Damien Foundation (DFB) Customer Service...
By DAVID IORJA, Abuja – In what is expected to be the largest hydropower project in West Africa, the National Council on Privatization, NCP, has approved a governance framework for the development of a $3 billion plant in Makurdi, Benue State. This was one of the highlights of the meeting...