The Federal Government has supported 280 export-oriented businesses with grants, resulting in the creation of 100,000 direct jobs. Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo said this while featuring on President Muhammadu Buhari’s administration scorecard programme series on Tuesday in Abuja. The Federal Ministry of Information and Culture organised the programme. Adebayo said […]
The International Monetary Fund (IMF) and Cameroon have reached a staff-level agreement that will give the country access to $74.6 million Cameroon would access the fund, once IMF Board formally completes the review, IMF said in a statement on Monday. The announcement followed IMF’s mission to Cameroon in January and virtual meetings to discuss progress […]
The Central Bank of Nigeria (CBN) has extended the deadline for the use of the old notes till Feb. 10. Bashir Ahmad, Special Assistant to President Muhammadu Buhari’s special assistant, Bashir Ahmad, announced this on his Twitter handle @BashirAhmaad on Sunday. According to the tweet, the apex bank governor, Godwin Emefiele, announced the extension in […]
The Nigeria Customs Service in Onne, Port Harcourt says it generated N242 billion as revenue in the 2022. The Comptroller of Customs, Auwal Muhammad, announced while handing over to the newly deployed comptroller, Baba Imam, to Onne. Muhammad said the figure represented a 28.3 per cent increase over the figure recorded previous year. He attributed […]
The Federal Government has given five primary lenders in the disbursement of the $350 million Caboge Fund 72 hours to draw up modalities for the fund. Director-general of the Nigerian Maritime Administration and Safety Agency (NIMASA), Bashir Jamoh, gave the directive at a meeting with the banks in Lagos on Tuesday. The NewsZenith reports that […]
By Our Correspondent The Federal Inland Revenue Service (FIRS) says it generated N10 trillion in revenue in 2022, the highest in its history. The Service gave the figures in its “FIRS 2022 Performance Update” released in Abuja on Monday. The CEO of FIRS, Muhammad Nami, released the document to the public after a briefing […]
The Lekki Deep Sea Port, inaugurated by President Muhammadu Buhari on Monday, will contribute over $8 billion to the Nigerian economy annually. The inauguration is part of the president’s activities during his two-day official tour of Lagos State. The president, at the end of the state visit, will depart for Dakar, Senegal today (Tuesday). […]
Eighteen ships, carrying petroleum products are waiting to berth in Lagos ports are carrying petroleum products. The Nigeria Port Authority (NPA) announced this in its daily publication, “Shipping Position” for Thursday. It is hoped that lingering petrol scarcity across the country may soon abate as the ships discharge the products. NPA said some of the […]
The Murtala Muhammed Airport Command of the Nigeria Customs Service says it intercepted hard drugs and military/police hardware at the cargo section of the airport worth N13.8 billion. Sambo Dangaladima, the Customs Area Controller, announced this while interacting with journalists at the command in Ikeja, Lagos, on Tuesday. Dangaladima said his men intercepted 162 cartons […]
Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, says the apex bank has waived some of the conditions for accessing the new banknotes by commercial banks. He announced this at a sensitisation tour on the redesigned naira notes to the Computer Village, Ikeja in Lagos. Emefiele was represented by the CBN Director of Legal […]