Africa
News stories from Africa…
Governor Babajide Sanwo-Olu Launches “Produce for Lagos Initiative” with Niger State
Lagos State Governor, Babajide Sanwo-Olu, has initiated the “Produce for Lagos Initiative” in collaboration with Niger State.
The Memorandum of Understanding (MoU) was signed between Governor Sanwo-Olu and Governor Umar Bago of Niger State, marking a significant milestone … Continue Reading
Central Bank of Nigeria Issues Warning to Primary Mortgage Banks Regarding Regulatory Reporting
In a recent press release dated March 5, the Central Bank of Nigeria (CBN) has issued a stern warning to all primary mortgage banks (PMBs) in the country regarding the timely submission of regulatory returns.
The press release, signed by … Continue Reading
Manufacturing association of nigeria decries Struggles in the sector Amidst Economic Challenges
The Manufacturing Association of Nigeria (MAN) has sounded the alarm on the state of the manufacturing industry, revealing that 767 companies ceased operations while 335 faced distress in 2023.
Headquarters of the Manufacturing Association of Nigeria
This downturn is … Continue Reading
Binance Ceases NGN Services in Nigeria Amid Regulatory Disputes
Binance, a prominent global cryptocurrency exchange, has announced the termination of all services involving the Nigerian naira (NGN) in Nigeria. The decision comes amidst ongoing regulatory disputes with the Nigerian government and accusations of forex market manipulation and illicit fund … Continue Reading
President Tinubu Announces $30 Billion Foreign Investment Commitments to Bolster Nigerian Economy
President Bola Tinubu, speaking at the 2023 Leadership Annual Conference and Award held in Abuja, revealed that his administration has secured $30 billion in Foreign Direct Investment (FDI) commitments aimed at revitalizing the Nigerian economy.
Represented by the Minister … Continue Reading
Enugu State Government Seals ShopRite, SPAR, and Other Businesses Over Tax Issues
In a move aimed at enforcing tax compliance, the Enugu State Internal Revenue Service (ESiRS) enforcement team sealed off Enugu ShopRite and SPAR, along with several other businesses, on Tuesday morning.
The closures came after repeated warnings and failed attempts … Continue Reading
EFCC: Majority of Financial Crimes in Nigeria Linked to Banks
The Economic and Financial Crimes Commission (EFCC) has disclosed that approximately 70 percent of financial crimes in the country are connected to banks.
This disclosure came during the address by the Chairman of the EFCC, Ola Olukoyede, at the … Continue Reading
Agricultural Minister, Abubakar Kyari to Distribute 42,000 Metric Tons of Grains Nationwide
Agricultural Minister, Abubakar Kyari Assures Swift Action Amidst Food Security Concerns
In response to the growing concerns over food security and recent incidents of food warehouse looting across the nation, the Minister of Agriculture and Food Security, Senator Abubakar … Continue Reading
EFCC Reveals Banks Linked to 70% of Financial Crimes in Nigeria
In a startling revelation, the Economic and Financial Crimes Commission (EFCC) disclosed that banks are implicated in approximately 70% of financial crimes in Nigeria.
This disclosure was made by the EFCC Chairman, Ola Olukayode, during the 2023 Annual Retreat and … Continue Reading
NCC Explains Barred SIM Cards Amid NIN-SIM Linkage Deadline
The Nigerian Communications Commission (NCC) has shed light on the recent barring of mobile lines belonging to subscribers who previously linked their SIM cards to their National Identification Numbers (NINs).
NCC headquarters
Speaking on Channels Television’s The Morning Brief program, … Continue Reading