By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) has lifted the ban it imposed two years ago on cryptocurrency transactions in the Nigerian banking system. The CBN announced the reversal of the policy in a circular by Haruna Mustapha, its Director, Financial Policy and Regulation. Mustapha said that theContinue Reading
By Victor Nwachukwu The Raw Materials Research and Development Council (RMRDC) has called on apiculturists to explore innovations in beekeeping value chain development for Nigeria’s economic growth. The Director-General of RMRDC, Prof. Hussaini Ibrahim, made the call on Thursday at a workshop on beekeeping, organised by the council in collaborationContinue Reading
By Esenvosa Izah The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has attributed the current naira scarcity to panic withdrawals by bank customers. Its President, Mr Olusoji Oluwole, in a statement on Wednesday in Lagos, said such withdrawals were done out of fear of the sufferingsContinue Reading
By Kadiri Abdulrahman Nigeria’s total public debt stock hit N87.91 trillion (114.35 billion dollars) as of Sept. 30, according to a statement by the Debt Management Office (DMO) on Wednesday in Abuja. The DMO said that the amount represented the domestic and external debts of the Federal Government, the 36Continue Reading
By Philip Yatai The Federal Capital Territory Internal Revenue Service (FCT-IRS) is to deploy artificial intelligence to facilitate voluntary tax compliance in 2024. The acting Executive Chairman of the service, Mr Haruna Abdullahi, made this known during the FCT-IRS end-of-year media briefing, in Abuja on Wednesday. Abdullahi added thatContinue Reading
By Nana Musa/Philip Yatai The Federal Capital Territory Internal Revenue Service (FCT-IRS) says it has generated N203.1 billion in from January to date and set N250 billion target for 2024. The acting Executive Chairman of the service, Mr Haruna Abdullahi made this known during the FCT-IRS end-of-year media briefing,Continue Reading
By Lucy Ogalue The National Automotive Design and Development Council (NADDC) has advocated the ban on importation of used cars above 20 years into the country. The Director-General of NADDC, Joseph Osanipin, said this at a Public Sector Engagement on the Implementation of the Nigerian Automotive Industry Development Plan (NAIDPContinue Reading
By Salisu Sani-Idris The Office of the Vice-President in collaboration with the Bank of Industry (BoI) on Tuesday said it would commence disbursement of N75 billion single digit loans to Micro, Small and Medium Enterprises (MSMEs) in January 2024. Mr Temitola Adekunle-Johnson, Senior Special Assistant to the President on JobContinue Reading
By Rukayat Moisemhe Mr Kudzai Mukuku, Chief Executive Officer (CEO) of Africa Investment Leaders (AIL), has announced conception of Africa Investment Leaders Forum and Awards aimed at attracting investment into the continent and fostering economic growth. Mukuku, during a hybrid press conference on Monday in Harare, said that the forumContinue Reading
By Olayinka Olawale/Florence Onuegbu Gov. Babajide Sanwo-Olu of Lagos State on Sunday unveiled a N750 million Lagos Market Transfer Money programme for 15,000 market men and women in 20 Local Governments and 37 Local Council Development Areas. Sanwo-Olu said this at the inauguration of Fresh Food Agro-Hub inContinue Reading
