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The Central Bank of Nigeria (CBN) has announced plans to sell $20,000 to each eligible Bureau De Change (BDC) at N1,590/$ in order to meet the demand for invisible transactions. According to a circular signed by Dr W.J Kanya, Trade & Exchange Department, “All BDCs are allowed to sell to…

Nigerian Communications Commission (NCC) has confirmed that it is working with major stakeholders in the telecoms industry to meet the ambitious targets of ensuring that broadband access is available to all Nigerians, with minimum speeds of 25 Mbps in urban areas and 10 Mbps in rural areas by 2025. Dr.…

The Minister of Water Resources and Sanitation, Engr. Prof. Joseph Utsev, has outlined key initiatives to boost food security in Nigeria. Speaking at the Inter-Ministerial Committee’s press briefing for the country’s 64th Independence Anniversary, Prof. Utsev noted the critical role of the water sector in the Federal Government’s agenda. He…

The Honourable Minister of Water Resources and Sanitation, Engr. Prof.  Terlumun, has applauded Ado and Ohimini Local Government Areas (LGAs) in Benue State for achieving Open Defecation Free (ODF) status. Represented by Mrs. Elizabeth Ugoh, Director of Water Quality Control and Sanitation at the Federal Ministry of Water Resources and…

Nigeria is set to join the rest of the world to commemorate the 2024 World Maritime Day with the theme “Navigating the Future: Safety First”. Speaking ahead of the event, His Excellency Adegboyega Oyetola, CON, Minister of Marine and Blue Economy, emphasized the Ministry’s commitment to ensuring that its agencies…

The Dangote Group is partnering Abuja Chamber of Commerce and Industry (ACCI) to boost trade and investment in the country. Dangote Industries Limited is the major sponsor of the 19th edition of the Trade Fair which officially opens on Monday September 23,2024. Speaking to newsmen, Director General of ACCI, Sir…

In its continued bid to maximise the nation’s abundant gas resources for economic development and prosperity, NNPC Ltd has begun discussions with investors towards bringing back two Liquefied Natural Gas (LNG) projects, Brass and Olokola LNG projects. NNPC Ltd’s Chief Financial Officer (CFO), Mr. Umar Ajiya disclosed this on the…

The Chairman, Seyi Vodi Foundation, Mr Seyi Adekunle, has donated 10 million naira to support Borno State government in its efforts to recover from the devastating floods that recently hit the state. The funds are aimed at helping with the rehabilitation and rebuilding of areas affected by the disaster, which…

Central Bank of Nigeria (CBN) has reacted to misinterpretation or misrepresentation of its biennial publication on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines published on September 17, 2024, saying the guidelines must primarily be viewed as a record of policies, circulars and directives issued by the bank up to…

President Bola Tinubu has assured Nigerians that his administration is focused on delivering tangible results and making a positive difference in the nation’s infrastructure, food and energy security, education and long-term economic stability. At a meeting with the Forum of Former Presiding Officers of the National Assembly, led by former…