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CBN TO LAUNCH DIGITAL CURRENCY BY OCTOBER

The Central Bank of Nigeria with its stakeholders outlined its digital currency initiative via a private webinar held today. The Nigerian Central Bank Governor, Godwin Emefiele had earlier [...]

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NNPC TO DELIVER REFINED PRODUCTS FROM PORT HARCOURT REFINERY BY SEPTEMBER 2022

The Nigerian National Petroleum Corporation (NNPC) has said that the Port Harcourt Refinery which is undergoing a $1.5 Billion rehabilitation will start delivering refined products by September [...]

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N50 BILLION EXPORT EXPANSION FACILITY PROGRAMME TO BOOST EXPORTS TO WEST AFRICA – NEPC

The N50 Billion Export Expansion Facility Programme (EEFP) will boost Nigeria’s non-oil exports to West Africa, building on ECOWAS Trade Promotion Organisations (TPOs) network. This was disclosed [...]

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FG INAUGURATES 15-MEMBER NEITI GOVERNING BOARD

The Federal Government has inaugurated a 15-member governing board of the Nigeria Extractive Industries Transparency Initiative (NEITI) to enhance the smooth running of the agency. This is to [...]

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GOOGLE WARNS AGAINST THREAT TO FREE, OPEN INTERNET

The Chief Executive Officer of Google, Sundar Pichai, has warned about threats to free and open Internet in several countries through the restriction of the flow of information. In an interview [...]

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NIGERIA, BARBADOS TO STRENGTHEN BILATERAL TIES

Nigeria and Barbados are hopeful of improved ties by leveraging the partnership between TelNet Nigeria Limited and Barbados companies, Global Integrated Fintech Solutions (GIFTS) and IPayAnywhere [...]

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FITCH SOLUTIONS PROJECTS GHANA’S ECONOMY TO BE THE FASTEST-GROWING IN SUB-SAHARAN AFRICA IN 2021

Rating Agency Fitch Solutions has predicted that Ghana’s economy is expected to become the fastest growing in sub-Saharan Africa this year. The agency is projecting a 4.8% expansion in the [...]

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SUBSIDY REMOVAL: DPR SAYS PETROL PRICE COULD RISE TO N1,000/LITRE

The Department of Petroleum Resources (DPR) has warned that the pump price of petrol in the country may go up to as much as N1000 per litre when the petrol subsidy regime comes to an end if there [...]

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LAGOS TO PARTNER MULTINATIONALS, MDAS IN VERTICAL BUILDING FINANCING, DEVELOPMENT

The Lagos State Government has moved to collaborate with multinationals and Ministries, Departments and Agencies (MDAs) in the financing and building of vertical buildings in the state. This is [...]

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OIL PRICES HIT WITH BIGGEST WEEKLY LOSS IN 3 MONTHS AS IT SUFFERS DOUBLE BLOW

Oil prices appear to have recorded their biggest weekly loss since March under the double blow of uncertainty surrounding the prospect of additional OPEC supply coming to markets and unfavourable [...]