The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has expressed concerns over decision by the Central Bank of Nigeria (CBN) to increase the monetary policy rate to 27.25 per cent. In a statement yesterday, the National President of NACCIMA, Dele Kelvin Oye Esq., said the decision burdens businesses with higher loan…
Nigeria and Zipline, a company that specializes in autonomous delivery, have partnered to boost the country’s infrastructure, positioning it to leapfrog barriers to economic growth and development. The Federal Government will leverage the company’s drones to promote health access and equity for delivery. Tomorrow (Sept 26, at the United Nations General Assembly, Zipline and the…
THE Federal Government of Nigeria, through the Debt Management Office (DMO), has offered three FGN bonds valued at N150 billion for subscription at N1,000 per unit. According to a statement by the DMO yesterday, the first offer is an April 2029 FGN bond valued at N70 billion at an interest rate of 19.30 per cent…
Strengthening continuity and ensuring seamless execution, especially during political transitions, can significantly enhance project success and stop the culture of abandonment, an organization, Project Management Institute (PMI), has said. It added that by improving oversight and accountability mechanisms, projects can be completed on time and within budget, ultimately delivering the intended benefits to communities. Its…
Some automobile experts have said cars using Compressed Natural Gas (CNG) save 70 per cent in maintenance and running expenses compared to those running on Premium Motor Spirit (PMS) or petrol. They spoke during separate interviews with the News Agency of Nigeria (NAN) in Abuja. Speaking on the benefits of converting car from using petrol…
Nigeria’s potential in agro commodities exports has been estimated at $3.1 billion, according to data provided by the International Trade Centre (ITC’s) Export Potential Map. This is even as Nigeria’s agricultural sector recorded strong growth in the first quarter (Q1) of this year with exports rising to ₦1.04 trillion—a 123 per cent increase from the…
Digital Jewels in collaboration with the Africa Fintech Network, has collaborated to tackle the growing complexities of regulatory compliance in the African fintech sector. The collaboration saw the hosting of a webinar entitled: “Navigate and Comply with Regulations with Ease through International Standards and Industry Frameworks: Fostering a Culture of Transparency and Accountability.” The online…
Leading financial platform with over 30 million users on its smartphone app in Nigeria, PalmPay, has unveiled its Unstructured Supplementary Service Data (USSD) code to enhance users financial accessibility and account security. This service offers Nigerians an additional way to manage their finances without the need for internet connectivity. With the PalmPay USSD code, customers…
Leading global voices representing diverse sectors of society have gathered at SDG Digital: “A Digital Future for All” at United Nations Headquarters to showcase digital solutions and announced new commitments to realize a brighter digital future. Organized by the International Telecommunication Union (ITU) and the UN Development Programme (UNDP), SDG Digital is a cornerstone of…
