Africa
CBN Reports Strongest Net Reserve Position in Over Three Years
The Central Bank of Nigeria (CBN) has reported a substantial improvement in its Net Foreign Exchange Reserve (NFER) position as of the end of 2024, reflecting a substantial improvement in the country’s external liquidity, reduced short-term obligations, and renewed investor confidence. According to the CBN, NFER stood at $23.11 billion,…
Read More »Names of 58 Dead Nigerians With Unclaimed Properties in UK Unveiled
The United Kingdom government has released names and addresses of no fewer than 58 dead Nigerians with unclaimed estates. According to an updated list released on Monday, March 24, a total of 5,806 people from different countries including 58 Nigerians died with no one to claim their properties. The estates belonging to…
Read More »Dangote Petroleum suspends sales of petroleum products in Naira
Dangote Petroleum Refinery has confirmed that it has temporarily halted the sale of petroleum products in Naira. According to a note by the Management to customers on Wednesday, the company said “This decision is necessary to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which…
Read More »NNPCL refutes reports of explosion at Port Harcourt Refinery
The Nigerian National Petroleum Company Limited (NNPC Ltd) has refuted reports of an explosion at the Port Harcourt Refining Company (PHRC) in Rivers State. The company in a statement by Olufemi O. Soneye, Chief Corporate Communications Officer clarified that what occurred was a flare incident, which had since been fully…
Read More »Rwanda begins ticket sales for Super Eagles World Cup qualifier
The Rwanda Football Association (FERWAFA) has officially commenced ticket sales for the eagerly awaited 2026 FIFA World Cup qualifying match between Rwanda and Nigeria’s Super Eagles. The crucial Matchday 5 encounter is set to take place at Amahoro Stadium in Kigali on Friday, March 21, as both teams battle for…
Read More »Court stops FCCPC from sanctioning MultiChoice over DStv, Gotv tariff hike
The Federal High Court in Abuja has restrained the Federal Competition and Consumer Protection Commission (FCCPC) from sanctioning MultiChoice Nigeria Limited following its recent increase in the DStv and GOtv subscription rates. Justice James Omotosho gave the order after an ex-parte motion moved by Moyosore Onigbanjo, SAN, counsel to MultiChoice.…
Read More »Nigerian Artistes Earn Over N58 Billion on Spotify in 2024
Nigerian artistes have generated over N58 billion on Spotify in 2024, according to the online music streaming platform. Spotify’s Sub-Saharan Africa Managing Director, Jocelyne Muhutu-Remy revealed this in a statement on Thursday in Lagos. She highlighted the growing global impact of Nigerian music and the increasing earnings of local artistes…
Read More »IFC Awards EDGE Green Building Certification to Access Bank Nigeria
ConcisedailyNews – Access Bank PLC (Access Bank), a leading African bank, has received the IFC EDGE (Excellence in Design for Greater Efficiencies) Green Building Certification for its banking headquarters, called Access Tower, located in Oniru, Victoria Island, Lagos. The EDGE Green Building certification program, supported by the Japan Government in…
Read More »FG adopts Ogun State owned Tai Solarin University as Federal University
The Federal Government of Nigeria has adopted the Tai Solarin University of Education (TASUED) in Ijagun, Ogun State as a Federal University. Established by the Ogun State Government in 2005, TASUED holds the distinguished position as Nigeria’s first specialised university of education. It was named after Dr Tai Solarin, a…
Read More »NACA insists that HIV treatment remains free in government facilities
The National Agency for the Control of AIDS (NACA) has dismissed information on social media regarding the withdrawal of subsidy for Antiretroviral (ARV) drugs The Agency explained that the claim that ARV drugs will now cost N250,000 per dose with patients required to pay N500,000 monthly, is completely false and…
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