Following a request by the Minister of Communications and Digital Economy, Prof. Isa Pantami, President Muhammadu Buhari has approved the establishment of the Nigeria Data Protection Bureau to ensure compliance with the Nigeria Data Protection Regulation. The approval, according to a statement on Friday by the minister’s spokesperson, Uwa Suleiman […]
Business
NNPC Assures Nigerians of Seamless Petroleum Supply
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has assured Nigerians that there would be no strain in the supply of petroleum products. He made this known on Tuesday in Lagos at a strategic conference themed ‘Petroleum Industry Act: Energy Transition and the Future of Nigeria’s […]
CBN Governor Blames Dwindling Foreign Reserves on Medical Tourism
The Governor of Central Bank of Nigeria (CBN) has decried the huge strain put on the country’s foreign reserve by medical tourism. He made this known on Friday at the launch of a newly built, private-owned health facility located in Ikeja, Lagos. He lamented that for every 1 billion dollars […]
Nigeria’s Inflation Rate Drops for Seventh Consecutive Month
Nigeria’s inflation figure has declined for a seventh consecutive month to 16.63 per cent. This was disclosed by the Statistician-General of the Federation, Simon Harry, while speaking at a press briefing in Abuja on Friday. According to a report released by the Nigeria Bureau of Statistics, the Consumer Price Index […]
President Buhari Receives Certificate of Incorporation of NNPC Limited
President Muhammadu Buhari on Friday, October 8 received the certificate of incorporation of the Nigeria National Petroleum Company Limited (NNPC), charging the Board of Directors, Chief Executive Officer, and Chief Finance Officer, to deliver a global national oil company. This was made known by the Special Adviser to the President […]
CBN Postpones The Unveiling Of enaira
The Central Bank of Nigeria has postponed the unveiling of the country’s first digital currency, eNaira, citing key activities lined up for Nigeria’s independence anniversary. Osita Nwasinobi, spokesperson of the CBN, in a statement on Thursday, said the suspension of the launch was in deference to the mood of national […]
Emirates Airline extends the resumption of flights to and from Nigeria till October 10.
Emirates Airline, flag carrier of the United Arab Emirates (UAE), has extended the resumption of flights to and from Nigeria till October 10. This was announced by the airline in an updated statement on its website, as a diplomatic row between Nigeria and the United Arab Emirates (UAE) deepens. Regretting […]
CBN’s eNaira to Become a Form of Payment From October 1st
The Central Bank of Nigeria (CBN) has stated that all merchants and business outlets in the country must accept the country’s first digital currency, eNaira as a form of payment for business transactions. Speaking on Business Morning on Channels television on Monday, CBN’s director of payment system management , Musa […]
ICT Sector Records Unprecedented Increase to The GDP
The Information and technology (ICT) sector has contributed 17.92 percent to the nation’s gross domestic product (GDP) in the second quarter of 2021. The minister of communications and digital economy , Isa Pantami made this known on Tuesday at the unveiling of the Nigerian Communications Commission(NCC) strategic vision plan for […]
Vice President, Osinbajo Commissions Digital Leather Industrial Hub in Osile, Ogbunike
At the commissioning ceremony, Prof. Osinbajo said that with the leather cluster having about 2000 stores and almost 30,000 MSMEs operating there; that he had no doubt that the facility will be of immediate value…