Economy
-
Ekpo vows to harness Nigeria’s abundant gas resources for economic prosperity
Minister of State (Gas) for Petroleum Resources, Ekperikpe Ekpo, has affirmed his dedication to unlocking Nigeria’s vast gas resources, aiming for both economic prosperity and environmental sustainability. Speaking after his inauguration by President Bola Tinubu in Abuja on Monday, Ekpo expressed his gratitude for the opportunity to serve the nation. He highlighted the pivotal role of the gas ministry in…
Read More » -
Nasarawa, NASENI to partner on Lithium processing policy
The Nasarawa State government and the National Agency for Science and Engineering Infrastructure (NASENI) are set to partner on a lithium processing policy that would ensure that Lithium mined in the State is processed locally instead of exporting it raw. The processing policy is in line with NASENI’s drive to encourage the processing of Strategic Solid Minerals and particularly to…
Read More » -
Tinubu targets over 11,500 new CNG-enabled vehicles
In furtherance of his commitment to easing the impact of fuel subsidy removal on Nigerians by reducing energy costs, President Bola Tinubu has approved the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI). This transformative initiative is poised to revolutionize the transportation landscape in the country, targeting over 11,500 new CNG-enabled vehicles and 55,000 CNG conversion kits for existing…
Read More » -
CBN’s floating of naira illegal – Femi Falana
Femi Falana, a senior advocate of Nigeria (SAN), says the floating of the naira by the Central Bank of Nigeria is illegal. Falana who was speaking on Sunrise Daily, a Channels TV programme, said he had sued the CBN as a result of this. According to him, it is the duty of the apex bank to determine the currency rate…
Read More » -
We’ll work with stakeholders for more inclusive, prosperous Nigeria – Bosun Tijani
Minister-designate Bosun Tijani says he hopes to work with all stakeholders to build a better future for all Nigerians. Tijani who would be sworn in as Minister of Communications, Innovation and Digital Economy on Monday, also appreciated President Bola Tinubu for the opportunity to join his team. Tijani said this on a post on his X (formerly Twitter) account on…
Read More » -
We’ll leverage digital technology for socio-economic progress – Tinubu
President Bola Tinubu on Wednesday declared that his administration would leverage digital technology to create Nigeria’s desired socio-economic progress that is necessary to transform society. Receiving in audience a delegation from Google (West Africa) led by its Director, Olumide Balogun, the President noted that his administration is determined to use education and technology to improve the lives of its citizens,…
Read More » -
Fraudsters issuing invitation letters for recruitment into immigration service – NIS
The Nigeria Immigration Service (NIS) has warned the public, especially applicants, to be wary of fraudulent invitation letters for recruitment. The warning is contained in a statement issued Wednesday by NIS spokesman Adedotun Aridegbe. The statement said invitation letters for recruitment into the service could only be downloaded from the official recruitment portal of the service. “The attention of the…
Read More » -
We’ll remove bottlenecks to ease of doing business – Tinubu
President Bola Tinubu on Wednesday in Abuja assured investors that his ongoing repositioning of the economy will receive a boost as he conducts an intensified removal of all bottlenecks in the way of efficient business startup and administration in Nigeria, with a particular emphasis on efficiency in service, tax reviews, and improved security. Receiving Mr. Ade Adeola, Managing Director of…
Read More » -
BREAKING: NNPC Ltd secures $3bn loan from AFREXIM Bank
The Nigeria National Petroleum Corporation Limited (NNPC Ltd) has secured an “emergency crude oil repayment loan” to the tune of $3bn from AFREXIM Bank. NNPC Ltd announced this on a statement on Wednesday. According to the statement, the loan will help “support the Federal Government in its ongoing fiscal and monetary policy reforms aimed at stabilizing the exchange rate market”.…
Read More » -
PSV 2025: payment system stakeholders to discuss digital Infrastructure at FICAN conference
In view of the challenges that emerged from the electronic payment system in the first quarter of 2023, stakeholders are set to provide solutions in line with Nigeria’s Payment System Vision (PSV) 2025. The Central Bank of Nigeria (CBN) in December 2022 released the Payments System Vision (PSV) 2025 to be driven by contactless payments, big data. and open: banking,…
Read More »
Follow our WhatsApp Channel