In line with the Transparency, Accountability and Performance Excellence (TAPE) agenda of the present Leadership of the Nigerian National Petroleum Corporation (NNPC), and the commitment to continually deploy Information and Communications Technology (ICT) for the purposes of operational efficiency and accountability within the corporation’s system, the National Oil Company...
Afreximbank is teaming up with ITC to train small-business owners and young entrepreneurs in Africa to trade with other African countries as part of the new African Continental Free Trade Area (AfCFTA).
The training programme, How to Export within the AfCFTA, is being launched as the new free-trade area comes...
The incoming Director General, Securities and Exchange Commission (SEC), Mr. Lamido Yuguda has pledged the determination of the nominees in ensuring that the capital market in Nigeria realises it’s full Potentials.
Yuguda said the incoming management is willing to work with operators and stakeholders to ensure robust regulation of the...
The Rural Electrification Agency (REA) said it has commissioned two solar hybrid mini grids in Akipelai and Oloibiri communities of Bayelsa State with a total capacity of 134.64kW.
The Communications Specialist for NEP at the REA, Ahmed Abubakar, in a statement said the projects were delivered under the Nigeria Electrification Project...
The Senate has approved President Muhammadu Buhari’s $5.513 billion external borrowing request.
A statement by Ezrel Tabiowo, the Special Assistant (Press) to the Senate President, said the approval came following consideration and adoption of the report of the Senate Committee on Local and Foreign Debts.
Giving a breakdown into the sources...
The Transmission Company of Nigeria (TCN) on Tuesday announced national power grid collapse with the promise of speedy restoration.
The spokesperson of the company said the incident occurred at 11:13am, and that restoration of the grid was over 90 percent already.
TCN did not immediately state the reasons for the system...
The Federal Government yesterday further reduced the Pump Price of fuel from N123.50/litre to N121.50/litre.
Recall, Nigeria is operating an approved pricing regime which became effective 19th March 2020 and the provision for the establishment of a monthly price band within which Petroleum Marketers are expected to sell PMS at...
The Central Bank of Nigeria (CBN), in its determination to further enhance service quality, particularly quick refunds when customers experience failed transactions, dispense errors or disputes, has revised timelines for reversals and/or resolution of refund complaints on electronic channels, with effect from June 8, 2020, as follows:
"Failed “On-Us” ATM transactions...
Minister of Science and Technology Dr. Ogbonnaya Onu has said that the Methanol Fuel Technology policy will assist Nigeria’s economy to recover quickly from the damage caused by Covid-19 pandemic.
He stated this at the final meeting of the Cabinet Committee to source funding for the Implementation of The National...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday voted to: reduce the Monetary Policy Rate to 12.5 per cent; Retain the Asymmetric Corridor of +200/-500 basis points around the MPR; Retain the Cash Reserve Ratio at 27.5 per cent; and Retain the Liquidity Ratio...
