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BUHARI, BRITISH PM MEET; DISCUSS TERRORISM, ELECTRICITY, OTHERS

President Buhari briefed the Prime Minister on Nigeria’s power needs and efforts being made. President Muhammadu Buhari and Prime Minister Boris Johnson of Britain Thursday appraised the war [...]

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BANKS SEE DOLLAR DROP TO N423, EXPRESS READINESS FOR FOREX OPERATIONS

The Body of Bank Chief Executive Officers (CEOs) has projected that Naira exchange rate to the dollar is expected to recover to at least N423, courtesy of the Central Bank of Nigeria’s (CBN’s) [...]

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CBN DIRECTS BANKS TO SET UP TELLER POINTS AT BRANCHES FOR FOREX SALES TO CUSTOMERS

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the sale of foreign exchange to meet legitimate forex requests of [...]

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INTERNET TO CONTRIBUTE $180 BILLION TO AFRICA’S ECONOMY BY 2025 – IFC REPORT

The Internet economy has been projected to contribute about $180 billion to Africa’s economy by the year 2025. This is according to the e-Conomy Africa 2020 report, by the International Finance [...]

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‘HOW NIGERIA CAN LEVERAGE NANOTECHNOLOGY FOR DEVELOPMENT’

The Minister of Science and Technology, Dr. Ogbonnaya Onu and the Chairman of Oilserv, Emeka Okwuosa have said there is a need for Nigeria to harness the $76 billion nanotechnology market to [...]

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ECOWAS SEEKS PRIVATE SECTOR PARTNERSHIP TO CHECK POVERTY

Worried by the high unemployment, poverty and infrastructural deficit in the West African region, the Economic Community of West African States (ECOWAS) has advocated improved private sector [...]

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LAGOS STATE GOVERNMENT PLANS INCLUSIVE, PEOPLE-ORIENTED 2022 BUDGET

As part of efforts towards ensuring inclusiveness and evenly spread of the dividends of democracy across the populace, the Lagos State government, yesterday, began a consultative forum on the [...]

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PANIC AS EXCHANGE RATE CLIMBS TO N525/$1

The exchange rate between the Naira and Dollar depreciated to N525/$1 on Wednesday, 24 hours after the central bank banned BDCs from selling forex. In an apparent sign of panic for the greenback, [...]

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NESG CALLS FOR ECONOMIC REFORMS AS IT UNVEILS THEME OF 27TH ANNUAL SUMMIT

The Nigerian Economic Summit Group (NESG) has unveiled the theme of the 27th edition of its annual summit, which is “Securing our future: the fierce urgency of now.” This was disclosed in a [...]

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LAGOS TO COMMENCE ONLINE VEHICLE LICENCE RENEWAL SERVICES FROM AUGUST 1

The Motor Vehicle Administration Agency (MVAA) has announced that the Lagos State Government will flag off its newly introduced online vehicle licence renewal with effect from August 1, 2021. The [...]