CBN

CBN’s N123 Billion Power Projects Set for May 2024 Launch

The Central Bank of Nigeria (CBN) is gearing up to unveil its N123 billion power intervention project in May 2024, pending any unforeseen changes. In August 2022, the CBN greenlit a substantial... Read more »
CBN

Extend BVN/NIN deadline, PoS operators tell CBN

Economic stakeholders are advocating for the Central Bank of Nigeria, CBN to consider extending the deadline for implementing its recent directives to banks, requiring customers to link their Bank Verification Number (BVN)... Read more »
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Nigerian Breweries signs deal with Daystar Power for a 4.2MWp solar plant   

Nigerian Breweries has signed a deal with Daystar Power for a 4.3 megawatts peak solar plant in its Lagos brewery. This is according to a November 28 statement by Daystar. According to... Read more »
efcc

EFCC alerts Nigerians on ATM swapping fraud happening at POS stands and others

The Economic and Financial Crimes Commission (EFCC) has alerted Nigerians on how fraudsters are swapping Auto Teller Machine (ATM) cards of innocent people, saying it’s gaining momentum. The commission, through its Head,... Read more »
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Aliko Dangote confirms refinery startup in December, says 350,000 bpd is first target

Chairman of Dangote Group, Aliko Dangote confirmed his refinery startup in December 2023, saying that 350,000 barrels per day is the first target of the refinery. He said this to the Financial... Read more »
Nigeria’s N3.3tn Food Imports, Agric Commodities not Sustainable

Nigeria’s N3.3tn Food Imports, Agric Commodities not Sustainable

The General Manager, Corporate Affairs TGI Group, Mr. Sadiq Kassim, has lamented the nation’s high import rate of food and agricultural commodities, which currently stands at N3.3 trillion. Kassim said spending so... Read more »
OPEC

As Investment Wanes in Oil Sector, Nigeria’s Rig Count Drops in October

Nigeria’s rigs count dropped to 13 in October from 15 the previous month, underscoring the waning investment in the oil and gas sector as well as the incessant disruptions to production in... Read more »
FG to use Starlink for job creation - Tijani

FG to use Starlink for job creation – Tijani

Dr. Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, recently revealed that numerous job opportunities could be generated through various initiatives. These initiatives include implementing a certified installer and maintenance... Read more »