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Nigerian Navy’s Crackdown on Illegal Refineries, Crude Oil Theft in Niger Delta Yields Results
Between 2 and 23 September 2024, the Nigerian Navy, under Operation DELTA SANITY, intensified its fight against crude oil theft and other maritime crimes in the Niger Delta, achieving notable successes. This 21-day operation resulted in the destruction of several illegal refining sites and the arrest of eight suspected crude…
Read More »CBN to Inject $20,000 Per Bureau De Change at N1,590/$ to Boost Forex Supply
The Central Bank of Nigeria (CBN) has announced plans to sell $20,000 to each eligible Bureau De Change (BDC) at N1,590/$ in order to meet the demand for invisible transactions. According to a circular signed by Dr W.J Kanya, Trade & Exchange Department, “All BDCs are allowed to sell to…
Read More »Broadband Revolution: NCC Drives Nigeria’s Digital Economy with Ambitious Connectivity Targets for 2025
Nigerian Communications Commission (NCC) has confirmed that it is working with major stakeholders in the telecoms industry to meet the ambitious targets of ensuring that broadband access is available to all Nigerians, with minimum speeds of 25 Mbps in urban areas and 10 Mbps in rural areas by 2025. Dr.…
Read More »Water and Sanitation Minister Unveils Strategic Initiatives to Strengthen Nigeria’s Food Security
The Minister of Water Resources and Sanitation, Engr. Prof. Joseph Utsev, has outlined key initiatives to boost food security in Nigeria. Speaking at the Inter-Ministerial Committee’s press briefing for the country’s 64th Independence Anniversary, Prof. Utsev noted the critical role of the water sector in the Federal Government’s agenda. He…
Read More »Federal Government Applauds Benue State for Achieving Open Defecation-Free Status in Two Local Government Areas
The Honourable Minister of Water Resources and Sanitation, Engr. Prof. Terlumun, has applauded Ado and Ohimini Local Government Areas (LGAs) in Benue State for achieving Open Defecation Free (ODF) status. Represented by Mrs. Elizabeth Ugoh, Director of Water Quality Control and Sanitation at the Federal Ministry of Water Resources and…
Read More »WORLD MARITIME DAY: WE WILL EMBRACE GLOBAL SAFETY STANDARDS – OYETOLA
Nigeria is set to join the rest of the world to commemorate the 2024 World Maritime Day with the theme “Navigating the Future: Safety First”. Speaking ahead of the event, His Excellency Adegboyega Oyetola, CON, Minister of Marine and Blue Economy, emphasized the Ministry’s commitment to ensuring that its agencies…
Read More »Dangote Partners ACCI, Lifts 2024 Trade Fair
The Dangote Group is partnering Abuja Chamber of Commerce and Industry (ACCI) to boost trade and investment in the country. Dangote Industries Limited is the major sponsor of the 19th edition of the Trade Fair which officially opens on Monday September 23,2024. Speaking to newsmen, Director General of ACCI, Sir…
Read More »NNPC Ltd moves to revive Brass, OK LNG projects
In its continued bid to maximise the nation’s abundant gas resources for economic development and prosperity, NNPC Ltd has begun discussions with investors towards bringing back two Liquefied Natural Gas (LNG) projects, Brass and Olokola LNG projects. NNPC Ltd’s Chief Financial Officer (CFO), Mr. Umar Ajiya disclosed this on the…
Read More »Seyi Vodi Foundation donates ₦10m to aid Borno flood recovery
The Chairman, Seyi Vodi Foundation, Mr Seyi Adekunle, has donated 10 million naira to support Borno State government in its efforts to recover from the devastating floods that recently hit the state. The funds are aimed at helping with the rehabilitation and rebuilding of areas affected by the disaster, which…
Read More »CBN clarifies position on monetary policy for fiscal years 2024 – 2025
Central Bank of Nigeria (CBN) has reacted to misinterpretation or misrepresentation of its biennial publication on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines published on September 17, 2024, saying the guidelines must primarily be viewed as a record of policies, circulars and directives issued by the bank up to…
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