Vice President Yemi Osinbajo, SAN, on Tuesday unveiled a $600m programme for young Nigerians in the technology and creative sectors. The programme targets young Nigerians from ages 15-35 who are entrepreneurs and involved in the early stages of creative, innovative and technology-enabled ventures. Osinbajo claims that Nigeria’s technological sector, which includes no fewer than 180 […]
On Monday, the naira fell even more against the dollar, trading at N461.67 in the Investors’ and Exporters’ window. The exchange rate reflected a decline of 0.04 percent from the N461.50 it was worth in dollars at Friday’s closing of business. On Monday, the open indicative rate reached a low of N461.50 to the dollar. […]
The Central Bank of Nigeria (CBN), yesterday, directed commercial banks and other financial institutions in the country to continue to accept and pay out the old N200, N500, and N1,000 notes till December 31, 2023, in line with a recent Supreme Court ruling. In a statement signed by CBN’s Acting Director, Corporate Communications, Dr. Isa […]
Huawei Technologies, one of the Special Purpose Vehicle (SPV) partners in Nigeria’s disputed $304 million e-Customs project, would next month sue the Nigerian government in London, over moves by the Nigeria Customs Service (NCS) to award the concession agreement to a company formed late last year as against the federal government’s approval for the engagement […]
President Muhammadu Buhari has ordered the Central Bank of Nigeria (CBN) to release old N200 notes into circulation as it remains legal tender up till April 10, 2023.
Old N500, N1000 notes are no longer legal tender My Dear Compatriots, I have found it necessary to address you today, on the state of the nation and to render an account of the efforts of our administration to sustain and strengthen our economy, enhance the fight against corruption and sustain our gains in the […]
Data emerging from the Nigeria Inter-Bank Settlement System (NIBSS) reveals that cashless transactions in Nigeria rose by 45.41 percent y-o-y to N39.58tn in January 2023. The NIBSS monitors cashless transactions through the Nigeria Instant Payment System and Point of Sales terminals. Total NIP transactions for the period rose by 45.52 per cent y-o-y from N26.65tn […]
The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, has pledged that the corporation will leave no stone unturned in fulfilling its commitment to protecting depositors. This was made known at the 44th Kaduna International Trade Fair on Thursday. Hassan, represented by the Manager of, the Communications and Public Affairs Unit, […]
The Federal Government has blamed the increase in the cost of petroleum products in some parts of the country on marketers who are engaged in profiteering.
The Federal Government at the end of the Federal Executive Council, FEC Meeting yesterday said Nigeria Air will soon start flying, having got the aircraft ready and painted in its colours even as it approves the sum of N721,266,733.64 for the maintenance and technical support at Malam Aminu Kano International Airport, Kano.
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