The Central Bank of Nigeria (CBN) has revoked the operational licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc. In a statement, CBN Acting Director, Corporate Communications Department, Mrs Hakama Sidi Ali said the action is part of its efforts to re-position the mortgage sub-sector and promote a culture of…
The Federal Government has called for intensified Public-Private- Partnership (PPP) towards the revitalisation of 38 moribund livestock legacy facilities across the six geopolitical zones in the country. Minister of Livestock Development, Alhaji Idi Maiha, made the call at the Specialised Training on PPP organised by the ministry in Abuja. He identified some of the facilities…
The Federal Government of Nigeria has secured a $1 billion innovation fund to support start-ups operating in the marine and blue economy sector, as the country intensifies efforts to diversify its economy away from oil. The Chief Executive Officer, Maritime Innovations Hub, Mrs Ronke Kosoko, disclosed during a press conference organised in collaboration with the…
By Bayo Onanuga NIGERIA’s so-called opposition politicians, comprising some of those left in a dying political party and a sprinkling of some failed political office aspirants regrouping in a platform struggling to find its bearings, are amusing lots. They blow hot air, seek scapegoats for their failure and move to confuse the polity in a…
Telecom subscribers in Abuja, the Federal Capital Territory (FCT), have been hit by poor quality of service (QoS) in the city which is the seat of government. While the current trivial of the subscribers have been blamed on the activities of the National Oil and Gas Suppliers Association (NOGASA), which disrupted diesel supplies to sites…
The Central Bank of Nigeria (CBN) has directed the newly inaugurated Board of the Agricultural Credit Guarantee Scheme Fund (ACGSF) to ensure that lack of collateral or remote location no longer prevents Nigerian farmers from accessing credit. CBN governor, Mr. Olayemi Cardoso, gave the directive in Abuja during the inauguration ceremony, describing the Scheme as…
Nigeria could enter 2026 on its strongest economic footing in more than a decade, according to leading economist, Bismarck Rewane. He said a combination of easing inflation, rising investment, major corporate listings and stabilising monetary conditions will propel the country into a new and more durable cycle of growth. Presenting his projections at the Parthian…
Nigeria is losing huge foreign exchange (FX) cash in the global pineapple market because of the country’s dependence on raw export of the produce as the only revenue source, according to a farmers’ group that specializes in pineapple growing, processing and marketing. Currently, the global market value of the pineapple market is estimated at approximately…
The Court of Appeal in Abuja, on Thursday, affirmed a judgment barring the Directorate of Road Traffic Services and Vehicle Inspection Officers from stopping motorists, confiscating vehicles, or imposing fines on road users. In a unanimous decision, a three-member panel held that there was no basis to overturn the Federal High Court’s ruling of October…
