Port Harcourt
Tinubu Urges Nigerians to Patronize Made-in-Nigeria Products to Sustain Naira Gains
President Bola Tinubu has called on Nigerians to support and patronize made-in-Nigeria products and services to sustain the recent gains of the naira in the foreign exchange market.
Tinubu emphasized that while the recent appreciation of the naira against the … Continue Reading
CBN Clears $7 Billion FX Backlog as External Reserves Soar to $34.11 Billion
The Central Bank of Nigeria (CBN) announced a significant milestone in its efforts to stabilize the country’s economy as it declared the clearance of all valid foreign exchange backlogs amounting to $7 billion.
Acting Director of Corporate Communications, Mrs Hakama … Continue Reading
Senate Approves N1.28 Trillion 2024 Budget for Federal Capital Territory (FCT)
The Senate has given its stamp of approval to the 2024 Statutory Budget for the Federal Capital Territory (FCT), amounting to a substantial N1.282 trillion. This approval signifies an increase of N135 billion from the initially proposed figure by … Continue Reading
Nigerian Army Addresses Power Supply Concerns with N12.7bn Mass Metering Project
The Nigerian Army has raised concerns about the inadequate power supply at the Ikeja Military Cantonment in Lagos, prompting the Federal Government to allocate N12.7 billion for a mass metering project across all Army formations. The initiative aims to address … Continue Reading
Nike Unveils New Super Eagles Jerseys for 2024-2025 Football Season
Nike, the renowned clothing powerhouse, has officially unveiled the new Super Eagles jerseys for the upcoming 2024-2025 football season.
The highly anticipated launch was announced on Nike’s Instagram page on Monday, accompanied by a captivating launch video showcasing the … Continue Reading
Federal Government Launches N40 Billion Mass Metering Initiative for Nigerian Army Barracks Nationwide
In a significant move to address the issue of estimated billings in the power sector, the Federal Government has commenced the mass metering of Nigerian Army formations across the country.
The initiative, flagged off by the Minister of Power, Adebayo … Continue Reading
Senator Ningi Clarifies N3 Trillion Budget Controversy Amid Calls for Legal Action
Senator Abdul Ningi, Chairman of the Northern Senators Forum (NSF), finds himself embroiled in controversy following statements attributed to him regarding the 2024 budget. Ningi has come forward to assert that he was misquoted and taken out of context regarding … Continue Reading
Minister of Communications and Digital Economy Proposes Global Collaboration to Safeguard Undersea Cables
In a recent announcement on his X microblog account, Minister of Communications and Digital Economy, Bosun Tijani, unveiled plans to lead a worldwide effort aimed at bolstering the protection of undersea cables.
Highlighting the pivotal role these cables play … Continue Reading
Government Allocates N160 Billion for Consumer Credit and Student Loan Scheme in 2024 Budget
The Nigerian government has earmarked a total of N160 billion in the 2024 national budget for consumer credit and the implementation of a student loan scheme. Minister of Budget and Economic Planning, Atiku Bagudu, revealed this significant allocation … Continue Reading
LAPO Microfinance Bank Partners with NextechCzar Incubation Program to Foster Tech Entrepreneurship in Nigeria
LAPO Microfinance Bank Limited, a renowned institution in Nigeria’s microfinance sector, has declared its endorsement for the NextechCzar Incubation Program, spearheaded by the Moolu Venture Lab. The induction ceremony, graced by distinguished figures in the industry, witnessed Dr. Godwin Ehigiamusoe, … Continue Reading