Nigeria, Mali, Burkina Faso, and Niger Republic have collectively invested €100 million to boost the agricultural resilience of small-scale food producers in the Sahel region. The initiative aimed to make a lasting impact in the fight against desertification, land degradation, landscape and watershed management through participatory planning, effectively integrating soil, […]
Business
Bank of Ghana suspends First Bank, GTB FX trading licences over alleged fraud
The Bank of Ghana has suspended the foreign exchange trading licenses of Guaranty Trust Bank and First Bank, both Nigerian-owned banks in Ghana, due to “fraudulent documentation” in their forex operations. The suspension will be effective from March 18, 2024, for one month. This action was taken following breaches of […]
Investment: Anambra Govt Initiates Plans To Establish Economic Ties With Indonesia
Investment: Anambra Govt Initiates Plans To Establish Economic Ties With Indonesia By Amaka Isikala Anambra State Commissioner for Industry, Mr. Christian Udechukwu, says the state government has initiated plans to establish economic ties and investment relationship with Indonesia as well as open the doors to bilateral travels. Mr. Udechukwu said […]
CBN Resumes Foreign Exchange Of Sales to Eligible Bureau Dr Change Operators
In a recent development, the Central Bank of Nigeria has announced the resumption of foreign exchange sales to eligible Bureau De Change operators, offering $20,000 each. This decision follows a suspension lasting more than two years, initiated by the former CBN governor, Godwin Emefiele. The apex bank, through a circular […]
President Bola Tinubu Sets Up Tripartite Economic Advisory Committee
President Bola Tinubu’s latest initiative to stabilize the economy took shape on Sunday evening with the establishment of a tripartite Economic Advisory Committee. The committee, formed during a gathering with key stakeholders at the State House, includes representatives from the Federal, States, and Organized Private Sector. President Tinubu emphasized during […]
FG, manufacturers agree to peg cement price at N7,000-N8,000
Cement manufacturers in Nigeria have agreed to bring down the price of the product to between N7,000 and N8,000 per 50kg depending on the location nationwide. The manufacturers present also expressed their readiness to bring down the prices in the future as soon as the Federal Government intervention is fulfilled. […]
Anambra Govt To Empower Entrepreneurs With Start-up Equipment
Anambra Govt To Empower Entrepreneurs With Start-up Equipment Anambra State government has promised to engage Small and Medium Enterprises Development Agency of Nigeria, SMEDAN,team to ensure that more empowerment programmes get to the grassroots across the state. Commissioner for Commerce and Industry, Dr Obinna Ngonadi, gave the hint on Wednesday, […]
Ministry of Foreign Affairs Refutes Disclaimer asking Nigerians to put off Travelling to Eastern Europe
The Ministry of Foreign Affairs has sent out a disclaimer against a fake press release which was purported to be from the ministry. In a release signed by spokesperson of the ministry, Mrs Francisca Omayuli yesterday, the ministry asked the public to disregard the press release which was released on […]
Ministry of Transportation Announces Appointment of Mohammed Bello-Koko as Substantive Managing Director of Nigerian Ports Authority NPA
The ministry of transportation has announced the appointment of Mohammed Bello-Koko as the substantive managing director of the Nigerian Ports Authority. NPA. His appointment was confirmed in Tuesday after he has acted as Acting Managing Director following the suspension of Hadiza Bala Usman in May 2021. Recall that Usman was […]
President Buhari Requests for Additional Provision of 2.557 Trillion Naira for Fuel Subsidy
President Muhammadu Buhari has asked for an additional provision of N2.557 trillion for petrol subsidy in 2022. This was contain in a letter sent to the national assembly requesting consideration and approval to accommodate the additional fuel subsidy funding. The letter was read by Senate President Ahmad Lawan at the […]