The Central Bank of Nigeria (CBN) has issued a directive to Deposit Money Banks (DMBs) and authorised forex dealers, directing them to accept old and lower US dollar denominations from customers in the country. According to the apex bank, the directive became necessary as it had been inundated with complaints from customers after it conducted consumer market […]
The Nigerian National Petroleum Company Limited (NNPC Ltd) has called for the establishment of more local institutions in Nigeria and Africa with the capacity to fund energy projects, aiming to tackle energy poverty. This call was made by Mr. Umar Ajiya, the Chief Financial Officer of NNPC Ltd, at the ongoing 23rd Nigeria Oil Gas […]
On 28 June 2024, Nigeria signed the Samoa Agreement at the Organisation of African, Caribbean, and Pacific States (OACPS) Secretariat in Brussels, Belgium. The partnership agreement is between the EU and its Member States on one hand, and the members of the OACPS on the other. Negotiations on the agreement started in 2018 on the […]
President Bola Tinubu on Thursday inaugurated the Presidential Economic Coordination Council (PECC) tasked with strategizing a way out of the current economic situation in the country. The Council comprises a mix of government officials, top private sector players, and consultants, including the President of Dangote Industries Limited, Mr. Aliko Dangote; Chairman of United Bank of […]
Nigerians are currently experiencing a historic and alarming increase in the prices of goods and services, marking one of the most challenging episodes in recent history. This general price hike began in 2022 due to global supply chain bottlenecks, the impact of the Russia-Ukraine war, and widespread insecurity in Nigeria. The situation was exacerbated by […]
Nigerians are currently experiencing a historic and alarming increase in the prices of goods and services, marking one of the most challenging episodes in recent history. This general price hike began in 2022 due to global supply chain bottlenecks, the impact of the Russia-Ukraine war, and widespread insecurity in Nigeria. The situation was exacerbated by […]
The Federal Government’s Presidential Enabling Business Environment Council (PEBEC) has awarded the Nigerian Ports Authority (NPA) a perfect score of 100% for its performance in enhancing the ease of doing business in Nigeria. This recognition was announced at the recently concluded PEBEC cohort #3 program. The accolade was bestowed upon the NPA for its dedication […]
As of July 1, 2024, Meta has launched new monetization options for eligible content creators in Nigeria and Ghana. This initiative aims to enable creators to generate revenue from their videos and reels on Facebook, offering them a platform to reach global audiences in over 30 languages. Creators can now incorporate in-stream ads into their original […]
Application Deadline: 20th September, 2024 Applications are now open for the Miles Morland Foundation Morland Writing Scholarships. Miles Morland set up the foundation which bears his name in 2013, after a career investing in Africa via two companies he created, Blakeney Management and DPI (Development Partners International). It can be difficult for writers, before they become established, to […]
Application Deadline: August 31, 2024 Applications are now open for the 2024 Allianz Climate Risk Award. Launched in 2017, the Allianz Climate Risk Award celebrates scientists at the start of their career whose work sheds light on the nexus between climate change and extreme weather events. The Allianz Climate Risk Award is a global award open to PhD […]