The Organised Private Sector has joined the call on the Central Bank of Nigeria to address the cash scarcity witnessed nationwide, stressing that the country is not developed enough for cashless transactions. Members of the OPS pointed out that the scarcity of cash has adversely affected businesses, especially those in […]
Economy
A global player in premium spirits, Diageo, has partnered with Celebr-8 Lyfe (a Tolaram Company) to enhance the availability of its iconic brands in Nigeria. This is following the sale of Diageo’s majority shares in Guinness Nigeria to Tolaram. In a statement on Thursday, it was noted that the partnership […]
Nigeria’s imports from Malta reached a record high of N766.81bn in the third quarter of 2024, according to the latest foreign trade statistics from the National Bureau of Statistics. The figure marked a sharp rise, placing Malta as Nigeria’s fifth-largest import partner for the period, accounting for 5.23 per cent […]
The Kaduna State Government has onboarded 2.2 million vulnerable residents into Nigeria’s financial system following the signing of its Executive Order for Financial Inclusion. The initiative, aimed at integrating underserved and underprivileged individuals into the banking sector, is expected to boost economic opportunities for these citizens. Governor Uba Sani of […]
Women in Successful Careers, a non-profit organisation, will be honouring the Chief Executive Officer of MainOne, Mrs Funke Opeke, at its 16th Annual Leadership and Mentoring Conference. The event, themed “Fueling Resilience: Empowering Diversity for Economic Success,” is scheduled for Thursday, December 12, 2024, in Lagos. The WISCAR’s founder and […]
The Minister of State, Ministry of Works, Mohammed Goronyo, has directed the Managing Director of the Federal Emergency and Roads Maintenance Agency, Chukwuemeka Agbasi, to provide a list of defaulting contractors, who have failed to deliver their road projects awarded to them. The minister gave the directive during his familiarisation […]
The Federal Government has begun phased distribution of over one million meters to Band A customers. Sources familiar with the process said some electricity distribution companies have been handed some meters for onward distribution to their customers on Band A feeders. The Minister of Power, Adebayo Adelabu, said in June […]
The Federal Government on Thursday approved the Medium-Term Expenditure Framework for 2025 – 2027 and Fiscal Strategy Paper. According to the MTEF, the proposed 2025 budget size is N47.9tn, with new borrowings of N9.22tn, the Minister of the Budget and Economic Planning, Abubakar Bagudu, told State House Correspondents after this […]
As Nigeria battles frequent grid collapses, XGT Smart Consults has signed an agreement with an India-based company, ADM-Orient Solar Power. The deal aims to deliver long-lasting energy solutions that will address the power issue and support the country’s growth sustainably. In a statement on Sunday, XGT Smart Consults said it […]
The Nigerian Civil Aviation Authority, in partnership with an insurance company and an international technology firm, has launched a mobile platform designed to minimise passenger delays and ensure compensation from airlines to travellers whenever delays exceed three hours. The platform also guarantees passengers protection from any form of maltreatment by […]
