The Central Bank of Nigeria on Thursday sold dollars to eligible Bureau De Change operators at the rate of N1450/dollars. This was disclosed in a statement signed by the acting director of the Trade and Exchange Department at the CBN, AA…
Lasaco Assurance Plc in collaboration with Mutual Benefits Assurance Plc, NEM Insurance Plc, and Sovereign Trust Insurance Plc, has provided protective gear for sweepers working with the Lagos Waste Management Authority. A statement from…
Financial technology firm PalmPay said it would continue to give its users unlimited free transfers to all banks to drive financial inclusion. According to the fintech, this feature introduced earlier in the year has allowed users to make…
Sterling Bank Limited has partnered with the Lagos State Government through the Lagos State Health Management Agency to launch the Ilera Eko healthcare booths. A statement from the bank on Wednesday said the initiative was launched by the…
The landing cost of Premium Motor Spirit, also known as petrol, was N1,117/litre as of Tuesday, July 16, 2024, the Major Energies Marketers Association of Nigeria announced on Wednesday. MEMAN disclosed this during a webinar with…
Stakeholders in the solid minerals sector have called for the payment of 10 per cent benefits to host communities as part of measures to build an environment that would ensure peaceful coexistence between miners and indigenes. This is just…
The Lagos State Government has extended the provision of amnesty for owners and developers of existing buildings without planning approvals in the state by three months. The Commissioner for Physical Planning and Urban Development, Dr…
Nigeria and other African nations are losing $50 billion a year to illegal financial outflows, according to the Nigerian Shippers’ Council. The Executive Secretary/Chief Executive Officer of the NSC, Pius Akutah, stated this in Lagos…
The Federal Government has stated that it will ensure that Nigerian businesses maximise the benefits of the African Continental Free Trade Area. President Bola Tinubu disclosed this on Tuesday while speaking at the launching ceremony of…
Mission to Seafarers has called on the Federal Government and operators in the country’s maritime industry to improve the level of support and commitment to seafarers in the country. The Chairman of MTS Lagos, Adebayo Sarumi, disclosed…
In line with the recommendations of the International Maritime Organisation and the Food and Agriculture Organisation, the Federal Government has commenced a mandatory training programme for marine cadets. The government said that the…
The Chartered Risk Management Institute of Nigeria has expressed support for the Securities and Exchange Commission’s directive for capital market operators to implement an Enterprise Risk Management framework. In June, the SEC directed…
Schneider Electric, a global leader in energy management and automation, has reaffirmed its commitment to advancing the United Nations’ 2030 Sustainable Development Goal 11, focusing on making cities and human settlements inclusive, safe,…
The Netherlands government has launched an online solar marketplace to help Nigeria’s transition from fossil fuels to clean energy, connecting business opportunities and facilitating tailored networking between public and private…
In a bid to reduce power outages in its franchise areas, the Kano Electricity Distribution Company has partnered with different renewable companies to build solar mini-grids of 60 megawatts in 41 locations across Kano, Katsina and Jigawa…
The Federal Government, through the Minister of Power, Adebayo Adelabu, has inaugurated the Ministerial Power Sector Working Group, involving different agencies and commissions. In a statement by the Special Adviser to the Minister of…
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has said that the blue economy is key to youth employment in the country. The minister tasked the youths to take advantage of the potential in the maritime sector to contribute…
A one-stop learning and marketplace platform, CertMart, has been launched on Wednesday. Aiming to become the biggest learning platform in Africa, CertMart links learners with expert trainers at certified hubs and workspaces,…
More than 100 businesses showcased their offerings at the maiden edition of the Winnipeg Naija Trade Fair in Canada. The Tradefair, which was held recently was organised by the Canada Naija-Business Hub and Nigerians in Winnipeg to…
Energy analysts have stated that the Nigerian National Petroleum Company Limited can obtain loans without the Federal Government’s approval. Responding to criticism over NNPC’s plan to secure a $20bn oil-backed loan from undisclosed…
No fewer than 221 cases of oil theft were uncovered across various communities of the Niger Delta region in the past week, the Nigerian National Petroleum Company has said. According to the NNPC, the incidents, including illegal refineries…
Chappal Energies has entered into a Sale and Purchase Agreement to acquire TotalEnergies Exploration and Production Nigeria Limited’s 10 per cent non-operated interest in its onshore and shallow water assets within the Shell Petroleum…
Truck Transit Parks Limited, manager of the electronic call-up system, has reiterated its commitment to drive development through innovation. In a statement, the Managing Director of TTP, Mr Jama Onwubuariri, disclosed this at the launch…
Sims Nigeria Limited, a consumer electronics and home appliances company, has launched a sister company, Sims Power, focused on delivering uninterrupted power supply solutions. A statement from the firm disclosed that Sims Power was…
One of the contractors for the Ajaokuta–Kaduna–Kano Gas Pipeline Project, Brentex CPP Limited, has refuted reports blaming the project’s delay on the Nigerian National Petroleum Company Limited. The company affirmed that it had received…
Data from the Central Bank of Nigeria has revealed that the average foreign exchange turnover grew by 180.47 per cent in one year to $240.64m as of the end of February. This is an increase from the average FX turnover of $85.80m recorded…
Crypto exchange OKX has disclosed that it will be exiting Nigeria because of local laws and regulatory challenges. The exit follows similar moves by other crypto exchanges, including Binance which is currently undergoing trial in the…
The Federal Government has obtained $751.88m out of the recently approved $1.5bn loan by the World Bank. The loan under the Nigeria Reforms for Economic Stabilisation to Enable Transformation, Development Policy Financing Programme project…
President Bola Tinubu has sought the approval of the National Assembly to increase the 2024 budget by N6.2tn, bringing the total budget to N34.9tn from an initial N28. 7tn budget the president signed into law on January 1. The request,…
In this report, HENRY FALAIYE examines how the growing population is exacerbating Nigeria’s infrastructure deficit As Nigeria’s population rapidly expands, the country faces growing challenges in infrastructure development. The…