Nigeria paid $14 mn for fuel in June despite subsidy removal – NNPC
Nigerian National Petroleum Corporation, NNPC, recorded a N5.34 billion ($14 million) cost for fuel in June, months after it changed its pricing method in an effort to eliminate subsidies. State…
9mobile secures final approval for Payment Service Bank
9PSB (Payment Service Bank), a subsidiary of 9mobile, says it has been granted approval by the Central Bank of Nigeria (CBN) to commence operations in the country. 9mobile, in a…
Naira appreciates against dollar as BDC operators welcome CBN sale of forex
The Association of Bureau De Change Operators of Nigeria (ABCON) said on Saturday in Lagos that the resumption of sale of foreign exchange to BDCs would usher in stability in…
CBN resumes sales of FX to licensed BDC operators, gives guidelines
The Central Bank of Nigeria (CBN) says it has commenced the sales of foreign exchange to the Bureau De Change (BDC) operators in the country. The CBN made this known…
AfDB reaffirms Akinwunmi as President for second term
Nigeria’s Dr. Akinwunmi Adesina has been reaffirmed as President of Africa Development Bank, AfDB, for the second. Adesina had been swamped in a web of controversies regarding corporate governance under…
TSTV Africa Employs Over 100 Staff Despite Covid-19 Setback
TStv Africa, a Nigerian Direct to Home Pay TV operator, has employed no fewer than 100 job seekers this year alone ahead of commencement of operations, according to a reliable…
Leo Stan Foundation trains 135,000 Imo State youths in ICT skills
No fewer than 135,000 youths resident in Imo State have been trained in the area of ICT skills by the Leo Stan Foundation, a not-for-profit founded and funded by serial…
NGEP: Convert all official vehicles to run on autogas, minister urges all CEOs, lieutenantsÂ
Minister of State for Petroleum Resources, Timipre Sylva says he has surrendered his vehicles to the National Gas Expansion Programme, NGEP, to convert all to dual fuel with use of…
Despite Covid-19, Afreximbank net income jumps by 10%
African Export-Import Bank (Afreximbank) says its net Income in the first half of 2020, grew by 10 per cent from 137.63 million dollars in June 2019 to 150.75 million dollars…
Emefiele and the burden of a prophet
By JACKSON UGBECHIE Dateline June 2015: Godwin Emefiele, the Governor of Central Bank of Nigeria, CBN, banned importation of 41 items which the apex bank classified as ‘not valid for…