Chairman of United Bank for Africa (UBA), Tony Elumelu, has donated N25 billion to support the Produce for Lagos Programme, an initiative of the Lagos Food Systems Infrastructure Company. The programme was creayed to enhance food security and promote economic development in the state. Elumelu announced the donation yesterday during the launch of the initiative…
The Securities and Exchange Commission (SEC) is actively engaging with emerging technologies and digital innovators to craft regulatory frameworks that support capital market innovation without compromising investor protection, its Director-General, Dr. Emomotimi Agama, has said. Delivering the keynote at the Comercio Partners H2 2025 Outlook event, Dr. Agama said Nigeria, like many countries, stands at…
The Minister of Information and National Orientation, Mohammed Idris, has disclosed that the Federal Government is working closely with state governments and the private sector to scale up investments in agriculture and achieve self-sufficiency in food production. The Minister, according to a statement by his media aide, Rabiu Ibrhim made the disclosure on Tuesday during…
Nigeria’s crude oil rigs increased from 44 of last week to 46 yesterday, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Its Chief Executive, Gbenga Komolafe, an engineer, made this known in Abuja during the Strategic Workshop for Media Practitioners organised by the NUPRC Public Affairs and Corporate Communications Unit. He said: “And again,…
A private entity, Backbone Infrastructure Nigeria Limited (BINL), has expressed its readiness to build $15 billion 500,000 barrels per day (bpd) refinery and establish a Free Trade Zone (FTZ) in Ondo State. It said it has concluded plans to construct and operate the plant at the Sunshine Industrial Park in Ogboti, Eruuna and Sunshine FTZ…
The Minister of Information and National Orientation, Mohammed Idris, has said the Nigerian economy is steadily improving meaning that the economic reforms of President Bola Tinubu are working. Idris spoke in Abuja while receiving members and newly elected executives of the Nigerian Guild of Editors during a courtesy visit to his office. He said the…
The International Monetary Fund (IMF) has pledged to sustain its support to the Federal Inland Revenue Service (FIRS) to help deepen tax administration and strengthen Nigeria’s revenue mobilisation efforts. Speaking during the opening of an IMF-supported Headquarters Mission at the FIRS headquarters in Abuja, a Senior Economist at the Fiscal Affairs Department of the IMF,…
The Nigeria Customs Service (NCS), in collaboration with other law enforcement and regulatory agencies, has held a sensitisation exercise for international airline operators at the Nnamdi Azikiwe International Airport, Abuja in a proactive move to strengthen Nigeria’s anti-money laundering efforts. .The session, the Service said, aimed to increase awareness on the importance of enforcing Nigeria’s…
The Central Bank of Nigeria (CBN) has clarified that there are no hidden charges attached to transactions on Non-Resident Bank Verification Number (NRBVN) platform. The apex bank affirmed that no hidden fees have been introduced and that the BVN enrolment for Nigerians residing within the country remains entirely free of charge. The bank’s Acting Director…
