Bank Chief Executive Officers on Thursday, held an emergency meeting on how to ensure compliance with the new forex directive of the Central Bank of Nigeria. After the meeting, they spoke during a webinar organised to give an update on…
By Ariemu Ogaga, Abuja The National Identity Management Commission (NIMC), said it has enrolled over 60 million persons into its National Identity Database (NIDB). This was contained in a statement made available to Nigerian NewsDirect by the Commission’s Head, Corporate…
Transnational Corporation of Nigeria Plc (Transcorp) has released its unaudited results for the half-year ended June 2021, recording significant improvement across its major income lines. The Conglomerate with strategic investments in the Power, Hospitality, and Energy sectors, recorded a profit after…
The Federal government has reiterated its commitment to accelerate economic growth via the National Digital Economy Policy and Strategy (NDEPS). The Director General of National Information Technology Development Agency (NITDA), Mallam Kashifu Inuwa Abdullahi CCIE made this known while delivering…
The Central Bank of Nigeria (CBN) has announced an end to the weekly allocation and sale of foreign exchange to Bureau De Change (BDC) operators in the country. CBN Governor, Godwin Emefiele, made the announcement on Tuesday while briefing reporters…
The Minister of Works and Housing, Babatunde Fashola has explained that the $36 million border bridge project linking Nigeria with the Republic of Cameroon will smoothen the free trade relationship under the African Continental Free Trade Agreement (ACFTA) signed by…
The National Bureau of Statistics (NBS) has disclosed that total value of capital importation into Nigeria declined to $875.62million in the second quarter (Q2) of 2021 from $1,905.89million in the first quarter of 2021. According to the report, the decline…
The Central Bank of Nigeria (CBN), says it has released the sum of N756.51 billion to 3,734,938 small holder farmers, cultivating 4.6 million hectares of land, to boost the Federal Government’s food security initiative. The CBN Governor, Mr Godwin Emefiele …
The Organisation of Petroleum Exporting Countries (OPEC) says the global energy sector requires about 12.6 trillion dollars investment cumulatively for development by 2045. The Secretary General of OPEC, Dr Mohammad Barkindo made the disclosure while presenting a keynote address at…
The Nigerian Naira is in a tailspin at the Black Market, a day after the Central Bank stopped weekly sale of dollars to the BDCs. According to the ngnrates.com, the Naira slumped to N522 to the US Dollar. Operators in…
