The Central Bank of Nigeria (CBN), is investigating collusion between the banks and Point-of-Sale operators over the lingering cash scarcity in the country. The Apex bank in a statement titled, ‘CBN cautions banks, PoS operators over availability of the naira …Provides digital feedback box to address complaints’. The Bank said, “The attention of the Central […]
Read MoreDangote Refinery has made a further move towards the commencement of production of refined petroleum products with the receipt of an additional one million barrels of bonny light crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL). The fresh one million barrels of crude from the Shell terminal via the MT Otis owned by […]
Read MoreThe Nigeria’s House of Representatives said the country is losing an estimated $7 billion annually as a result of poor management of seaports. This followed the adoption of a motion moved by Mr Julius Ihonbvere and Mr Ibrahim Isiaka, on the need to “investigate gaps and loss of opportunities in the maritime Sector”. “Nigeria’s seaports […]
Read MoreAfrica’s efforts to build a resilient and self-reliant pharmaceutical industry for the continent advanced significantly today as the African Pharmaceutical Technology Foundation and the Rwandan Government signed the host country agreement paving the way for the Foundation’s operationalisation. The Foundation also signed a memorandum of understanding with the European Investment Bank to further strengthen cooperation. […]
Read MoreThe Nigerian Senate through its Committee on Finance , has tasked the various revenue generating agencies owned by the Federal Government, to surpass the target of N18.324trillion, set for the 2024 fiscal year as aggregate revenue inflow. President Bola Tinubu had last month, presented to the joint session of the National Assembly, N27.503trillion as total […]
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The Central Bank of Nigeria (CBN) said the country’s inflation rate and the pressures on the exchange rate will reduce in the coming year. While the country’s inflation rate jumped to 27.33% for November – the highest in 18 years, the apex bank’s governor Yemi Cardoso projects a slump in 2024. “The outlook for the domestic […]
Read MoreKnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform, announced its 2024 cybersecurity predictions for Europe, the Middle East and Africa (EMEA) from its team of local industry experts. Cyber threats are more sophisticated and complex than ever and evolving quickly with new technology like AI becoming increasingly advanced every […]
Read MoreOpposition Peoples Democratic Party (PDP) has faulted the ‘Budget of Renewed Hope’ presented by President Bola Tinubu before a joint session of the National Assembly on Wednesday, saying the N27.5trn budget estimates was designed to strangulate poor Nigerians. The party, in a statement by its spokesman, Debo Ologunagba, alleged that the proposed budget by the […]
Read MoreThe Nigerian Government intends to raise N200m from a philanthropic organisations as part of efforts to create jobs and support Micro, Small, and Medium Enterprises (MSMEs) The Senior Special Assistant to the President on MSMEs and Job Creation, Office of the Vice President,Temitola Adekunle-Johnson in a statement said the funds will be invested in key […]
Read MoreAhead of the planned introduction of a new capital base for deposit money banks in Nigeria, the Central Bank of Nigeria (CBN) has been warned by an economists to take cautioned and making some mistakes made during the last recapitalisation of commercial banks in the country. The Founder of Centre for Promotion of Private Enterprise, Muda […]
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