The Federal Executive Council (FEC) has approved that Commercial banks in Nigerian should provide customers with a debit card which doubles as their National Identity card. The new card, according to the Minister of Communication and Digital Economy, Prof. Isa Pantami, will attract no extra cost than the normal fees charged for debit cards. The…
The Monetary Policy Rate (MPR) of the Central Bank of Nigeria (CBN) has raised from 18 to 18.5 per cent The CBN Governor, Mr. Godwin Emefiele, disclosed this at the end of the Monetary Policy Committee meeting, in Abuja, this afternoon. He said that the rate hiking strategy, which started in May last year, has…
The National Bureau of Statistics, NBS, said country’s Gross Domestic Product, GDP, has declined to 2.31 per cent in the first quarter of 2023, blaming the cash crunch experienced during the quarter. The NBS, in a report on Wednesday, said that GDP grew by 2.31 per cent year-on-year in real terms in the reviewed period…
The outgoing Kano State Governor Dr. Abdullahi Umar Ganduje on Wednesday presented three volumes transition report to the Kano State Governor-elect, Engr. Abba Kabir Yusuf. In a short meeting at the Kano Government House Ante Chamber Hall, Ganduje who was represented by the Secretary to the State Government, Alhaji Usman Alhaji, reiterated his commitment to…
The Federal Government on Tuesday said N5 billion loan facility has been provided at the Bank of Agriculture, BOA, for livestock farmers across the country.The Minister of Agriculture and Rural Development, Dr Mohammad Abubakar, made this known at a news conference in Abuja. Mr Abubakar said the moment has come for livestock farmers to enjoy…
Gov. Babajide Sanwo-Olu of Lagos State on Tuesday signed N134.815 billion bonds in a bid to deliver key infrastructure projects in the state. Speaking at the signing ceremony, Sanwo-Olu said that one of the projects the proceeds from the bonds was meant for, was the total overhaul of 33 public schools in Tolu Complex area…
Kwara State Governor, Abdulrahman Abdulrazaq, has emerged through concensus as the new Chairman of the Nigeria Governors Forum (NGF). Abdulrazaq, who won reelection, will replaced Governor Aminu Waziri Tambuwal of Sokoto State whose tenure of office would elapse on May 29. This was contained in a communiqué signed by Tambuwal, a Sokoto Senator-elect, at the…
The Central Bank of Nigeria, CBN, has revoked the licences of 132 microfinance banks for failing to fulfil or comply with the conditions subject to which their were licenced. This disclosure was made in the official gazette of the Federal Government, which was published on the website of the CBN on Tuesday. According to the…
The Consul General of France in Lagos, Ms Laurence Monmayrant, has said that Nigeria attracts 60 per cent of Foreign Direct Investments coming into West Africa from France. This was disclosed during the closing-gong ceremony for the Franco-Nigerian Chamber of Commerce and Industry, in honour of the French Consul General in Lagos on Tuesday, which…
President Muhammadu Buhari on Tuesday inaugurated the Wadi-B Drilling Well Campaign in Borno State signalling the formal resumption of crude oil and gas exploration activities in Chad Basin area. Prof. Babagana Zulum, Governor of Borno, performed the spud-in ceremony on behalf of the President. The project is being handled by the Nigerian National Petroleum Company…
