The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Wednesday announced plans by the Apex bank to redesign the N200, N500, and N1,000 notes. Emefiele made the announcement during a special press briefing in Abuja. He said that the redesign would take effect from Thursday, Dec. 15. He also said that existing […]
The Managing Director/Chief Executive Officer (CEO) of Leadway Assurance, Mr Tunde Hassan-Odukale, has cautioned corporate business owners and governments on the overwhelming rise in cybersecurity risks. Hassan-Odukale said, on Wednesday in Lagos, that crucial steps needed to be taken to mitigate the unprecedented risk attack. He was reacting to a recent report by Kaspersky, a […]
The NIGERIA LNG Limited (NLNG) has called on stakeholders in the domestic Liquified Petroleum Gas (LPG) value chain to invest in the supply of the product to ensure a reliable and steady stream of supply to the market. Dr Philip Mshelbila, Managing Director of NLNG made the call at a conference in conjunction with the […]
Kenya’s Capital Markets Authority (CMA) said on Tuesday that it has developed rules to enable micro, small and medium enterprises (MSMEs) to raise capital through crowdfunding. Wycliffe Shamiah, the Chief Executive Officer of CMA, said the new rules pave the way for Kenya’s MSMEs, which employ some 15 million people in the workforce, to raise […]
Rowdiness and long queue resurfaced in many fuel stations in Lagos, on Tuesday, following a short supply of petrol, resulting in panic buying by motorists. The NewsZenith reports that queues are beginning to build in some filling stations in Lekki-Aja, Victoria Island, Apapa, Maryland, Onipan, Ikoyi Mjushin and Victoria Island among others. Our correspondent also […]
An appeal has gone to African statisticians and data experts to initiate a road map for the modernisation of the continent’s official statistical systems to provide reliable information for informed decision-making. Ethiopia’s Deputy Prime Minister and Minister for Foreign Affairs, Mr Demeke Mekonnen, made the appeal while addressing the joint opening session of back-to-back […]
The International Fund for Agricultural Development (IFAD) has announced a $5 million additional grant for Nigeria on climate resilience and to boost dry season farming. IFAD said the fund, targeted at smallholder farmers, would help to improve production. Part of it would be used to plant trees to mitigate erosion in the event of a […]
About one-third of the world economy is currently in recession due to the damaging effects of the COVID-19 pandemic and the ongoing war between Russia and Ukraine. CBN Gov. Godwin Emefiele The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele made this known in Abuja while addressing Foreign Affairs and Aviation stakeholders […]
Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, and the Director of China’s National Energy Administration, Zhang Jianhua, on Friday, said they would strengthen their ties in the energy sector. The officials spoke in a teleconference call and stressed the importance of stable long-term supplies to crude oil markets. The Saudi minister reaffirmed earlier […]
Oil prices rose by more than $1 on Thursday in response to tighter supplies and on news that China is considering a cut in the duration of quarantine for inbound visitors. Brent crude futures rose $1.33, or 1.4 per cent, to $93.74 a barrel at 1020 GMT. U.S. West Texas Intermediate crude for November delivery, […]