The Central Bank of Nigeria (CBN) has unveiled two new digital initiatives—the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies (MDAs) Naira Payment Solution. A statement from the CBN said the initiatives were launched at the CBN Head Office in Abuja on Wednesday, January 15, 2025, and is part of the apex bank’s…
Continental lender, the African Export-Import Bank (Afreximbank), has unveiled plans to provide aircraft financing support to Nigerian carriers as part of measures to improve their capacity. This was announced during a side meeting held with the Afreximbank team at the ongoing Aviation Economic Conference in Dublin, Republic of Ireland. The meeting, facilitated by Boeing’s Senior…
A year after an eyewatering slide against the dollar, the naira is enjoying a rare run of stability, and analysts expect it to last. Nigeria’s battered currency has lost 70per cent against the greenback since foreign exchange controls were relaxed in 2023, including a steep depreciation 12 months ago. But its performance since December tells…
The Nigerian Communications Commission (NCC) acquiesced to the demand of mobile network operators (MNOs) to suspend debtor money deposit banks (DMBs) such as Zenith Bank, UBA, FCMB and six others, after attempts at a peaceful resolution of the conflict over cash to be paid for USSD sessions fell through. USSD or Unstructured Supplementary Service Data…
Global leader in energy management and automation, and recognised sustainability leader, Schneider Electric, will play an active role at the World Economic Forum Annual Meeting 2025 (WEF) advocating for more collaboration to increase uptake of energy technologies and automation solutions. Slated for Davos, the annual meeting gathers global leaders from all sectors to address the…
Schneider Electric, the leader in the digital transformation of energy management and automation, today announced that its Wuxi factory in China has been recognized by the World Economic Forum (WEF) as a Sustainability Lighthouse. Designated an Advanced Lighthouse in 2021, this latest recognition for Wuxi specifically acknowledges the factory’s advanced solutions to reduce its environmental…
Eni’s subsidiary, Nigerian Agip Exploration Limited (NAE), on behalf of NNPC Limited and NAE Production Sharing Contract (PSC), has awarded scholarships to 30 Nigerian graduates for Post Graduate studies in Nigerian and overseas universities under its 2024/2025 Scholarship Awards Scheme. Under the scheme, 10 beneficiaries will undertake postgraduate studies in various universities in the United…
The Federal Government has intensified efforts to address irregularities in the nation’s food export system while unlocking the healthcare value chain for effective transformation. This strategic move results from collaboration between the Ministry of Industry, Trade and Investment, and the Ministry of Health and Social Welfare, aimed at bolstering President Bola Tinubu’s economic agenda. Speaking…
Lagos State government has stressed the need for homeowners in the state to regularize their land titles and secure their properties through formal application for land titles for the security of their properties. To promote drive home the message, Lagos State Lands Bureau, led by Permanent Secretary, Land Bureau, Mr. Kamar Olowoshago and Director, Land…
