By Esther Agbo Minister of Works, Sen. David Umahi, has issued a warning that the Federal Government is prepared to terminate contracts with Julius Berger, CCECC, and RCC firms involved in two major South South road projects if they fail…
By Esther Agbo The Federal Government, continuing its infrastructural development under the Renewed Hope Agenda, has announced plans to inaugurate the next phase of the Lagos-Calabar Coastal Highway, spanning from Cross River to Akwa Ibom, in August. This announcement was…
Socio-Economic Rights and Accountability Project (SERAP) has urged Mr. Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), “to account for and explain the whereabouts of the over N100 billion ‘dirty and bad notes’ and ‘other large sum of…
The Central Bank of Nigeria has directed all Deposit Money Banks to deposit their excess foreign currency notes with its branches in Lagos and Abuja. The apex bank disclosed this in a fresh circular on Friday signed by Solaja Mohammed…
African Export-Import Bank has signed a Memorandum of Understanding (MoU) with the World Trade Organisation (WTO) to amplify the impact of their strategically aligned joint efforts of promoting global trade. A statement issued by Vincent Musumba, Afreximbank’s Manager, Communications and…
The Chairman of Nigeria’s Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele believes Nigeria can significantly boost its revenue without imposing new taxes. Instead, he advocates for better tax administration and the use of technology to close the estimated…
By Opeyemi Abdulsalam The Central Bank of Nigeria (CBN) has expressed its commitment to developing and implementing additional policies aimed at addressing cybersecurity threats in the country’s financial sector. This announcement was made by Mr. Philip Ikeazor, Deputy Governor of…
…says foreign currency deposits limited to Abuja and Lagos CBN branches By Opeyemi Abdulsalam The Central Bank of Nigeria (CBN) has released new directives to commercial banks regarding the deposit of foreign currency cash with the apex bank. In a…
The Ministry of Marine and Blue Economy, under the dynamic leadership of the Honourable Minister, Mr. Isiaka Adegboyega Oyetola, has achieved an exceptional milestone by emerging as the overall best performing ministry in the Ease of Doing Business ranking. This…
By Esther Agbo The Federal Government of Nigeria (FGN) has issued an update regarding the ongoing disbursement process for the Presidential Conditional Grant Scheme, aimed at alleviating economic hardship among Nigerian citizens. The Minister of Industry, Trade, and Investment, FGN,…
