Bianca Ojukwu Meets Namibia’s First Female President-Elect to Strengthen Nigeria-Namibia Ties
Wife of late Odumegwu Ojukwu and Nigeria’s Minister of Affairs, Bianca Ojukwu, has arrived in Windhoek, Namibia, where she met with the country’s first female president-elect, Dr. Netumbo Nandi-Ndaitwah. Upon arrival at Hosea Kutako Airport, she was warmly received and…
Nigeria’s FirstBank sets sights on Ethiopia, Angola, Cameroon
Building on its long-standing presence in sub-Saharan Africa, First Bank of Nigeria is gearing up for its next growth phase as financial systems across the continent open up to new opportunities. More than a decade after an acquisition spree that…
Nigeria to expand credit access to citizens
Nigeria will establish a national credit guarantee company in May to lend to businesses and individuals, President Bola Tinubu said in an speech on Wednesday. Tinubu, who took office in May 2023, campaigned on economic reforms including expanding credit access…
Qatar Central Bank announces year-end holidays for financial institutions
Doha, Qatar: Qatar Central Bank announced Wednesday and Thursday, January 1 and 2, 2025 as official holiday for financial institutions. The year-end closing holiday announcement was made on the social media accounts of the central bank. It stated, “Based on…
Nigeria, Saudi Arabia forge stronger ties on export credit, insurance, and market access
Nigeria and Saudi Arabia are advancing plans to strengthen their economic partnership, focusing on enhancing export credit, insurance frameworks, and market access. This development follows a series of high-level meetings held in Riyadh, Saudi Arabia, as outlined in a statement…
Nigerians groan as cash scarcity compounds hardship
Limited cash supply, low cash deposits caused rationing, says banks …Reps urge CBN to address cash crunch as economic hardship bites ChapiOdekina Abuja— A resurgence of widespread and intense cash rationing by banks have compounded the severe economic challenges confronting…
CBN to unveil new website today
CBN to unveil new website today The Central Bank of Nigeria has announced the launch of its new website on Monday (today). In a statement signed by the acting Director of Corporate Communications, Sidi Ali, the bank said the new…
Only Lagos will benefit from Tinubu’s tax reform bills, says Zulum
The Borno State Governor, Babagana Zulum, has clarified his position on the controversial tax reform bills, saying he was not an enemy of President Bola Tinubu’s administration. Zulum, however, insisted that if the four tax bills currently undergoing review before…
Port Harcourt Refinery operates at 70%, produces 1.4m liters of PMS daily – NNPCL
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has confirmed that the Old Port Harcourt Refinery is currently operating at 70% capacity, producing significant volumes of petroleum products daily. This marks a milestone in the refinery’s recovery after years of…
High transport cost reason for food price hike, say Abia, Imo residents
The News Agency of Nigeria (NAN) reports that prices of various food stuffs, especially farm produce, have continued to skyrocket notwithstanding the season of harvest. A cross-section of the people in Owerri said that the high cost of transportation was…