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A United States aircraft marketing company has removed Nigeria’s presidential Boeing 737-700 Business Jet from its sales platform, raising fresh questions about the status of the aircraft earlier put up for disposal by the Federal Government. Checks on the firm’s website reportedly showed that the listing, which had been available for months, has now been…
Delta State Governor, Sheriff Oborevwori, has presented ₦1.664 trillion appropriation bill for the 2026 fiscal year, marking a 70% increase from the previous year’s appropriation. Presenting the proposal, Governor Oborevwori to the Delta State House of Assembly in Asaba on Wednesday , the Governor described the budget proposal as a “Budget of Accelerating the MORE Agenda He explained…
Central Bank of Nigeria (CBN) has confirmed that 16 banks have fully met its new capital requirements, while the Monetary Policy Committee (MPC) voted to retain the benchmark interest rate at 27 per cent. CBN Governor Olayemi Cardoso announced both outcomes , Tuesday, during a press briefing at the end of the committee’s 303rd meeting…
Central Bank of Nigeria (CBN) has taken digital currency policy sensitisation to University of Nigeria,Nsukka( UNN) ,assurring Nigerians of safety of their money in banks through operation of the e-naira . Assistant Director Payments System Management Department, CBN, Abuja,Chika Ugwueze, disclosed this in Nsukka on Wednesday when he paid a courtesy visit to the Vice…
Port Harcourt Refining Company Limited, PHRC, Tuesday, began the first truck-out of petroleum products in view of the re-streaming of the rehabilitated facility. The re-streaming and truck loading signaled the commencement of crude oil processing from the plant and delivery of petroleum products to the market. The old refinery is currently operating at 70 per…
Enugu state Government has held a workshop on domestication of Nigeria Startup Act (NSA) to create a conducive legal and operational environment for startups in Enugu State,. Speaking at the event Organised by the Enugu State Government through the Enugu SME Center in conjunction with the National Information Technology Development Agency( NITDA) through its Office…
Aba International Trade Fair on Friday, witnessed tremendous turnout as many traders arrives for goods exhibition at the 10 days faire taking place at the Aba Mega Mall. The 2024 Aba International Trade Fair is jointly sponsored by Abia State Government and Aba Chamber of Commerce, Industry, Mines and Agriculture (ACCIMA). The Trade Fair which…
Enugu State Government and WANDE NEXUS, an Austrian firm, have signed an agreement to implement the Sustainable Last Mile Connectivity and Advanced Metering Infrastructure (AMI) Project in Enugu, to boost portable water supply in Enugu state WANDE Nexus is to inject $100 million as Foreign Direct Investment, FDI, to modernise water infrastructure, improve service delivery,…
International Finance Corporation (IFC) and Central Bank (CBN) of Nigeria have signed a strategic agreement to boost Nigerian private Sector through financing priority projects thereby strengthening local currency. Through this partnership, IFC plans to increase its investment in Nigerian naira across priority sectors, such as agriculture, housing, energy, infrastructure, small businesses, and the youth economy,…
Founder and president/chief executive of the Dangote Group, Aliko Dangote, has urged Petrol marketers to stop importing petrol, saying his refinery has more than 500 million litres of petrol in stock, which is more than enough to serve Nigeria if retailers buy from it. Dangote who spoke on Tuesday with State House Correspondents after a…