Author: Damilola Olori
The Central Bank of Nigeria has announced its decision to allocate $10,000 to each Bureau de Change operator at a rate of N1,251/$. In a circular issued by the bank’s Director of Trade and Exchange Department, Dr. Hassan Mahmud, and made available to journalists on Monday, the CBN clarified the terms of this allocation. According […]
The Nigerian government has officially acknowledged the emergence of a ginger blight epidemic in four states across the country, resulting in substantial financial losses for ginger farmers amounting to over N12 billion. This declaration was made during the inauguration of the National Ginger Blight Epidemic Control Taskforce in Abuja. It was revealed that the fungal […]
In the realm of entrepreneurship, success isn’t just about what you know; it’s also about who you know. Networking, often regarded as the cornerstone of professional growth, holds the key to unlocking a multitude of opportunities and fostering long-lasting relationships that can propel your business forward. In this article, we explore the transformative power of […]
In a significant move aimed at addressing Nigeria’s infrastructure funding shortfall of $25 billion annually, President Bola Tinubu has greenlit the establishment of the Renewed Hope Infrastructure Fund. This transformative initiative, announced by the Minister of Information and National Orientation, Mohammed Idris, following today’s Federal Executive Council meeting at the Presidential Villa in Abuja, marks […]
Following the successful rescue operation of kidnapped schoolchildren from Kuriga village in Kaduna State, the Federal Government has unequivocally stated that no ransom was paid for their release. This announcement was made by the Minister of Information and National Orientation, Mohammed Idris, during a press briefing after the Federal Executive Council (FEC) meeting chaired by […]
In response to the prevailing economic challenges faced by Nigerians, the Bank of Industry (BOI) has introduced a palliative food programme aimed at providing relief to the populace. Recently inaugurated by the Minister for Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, at the BOI headquarters in Lagos, this initiative underscores the government’s commitment to supporting […]
Amidst the flurry of weddings this year, Gospel Minister Theophilus Sunday is gearing up to exchange vows with his beloved, Ashlee, adding another joyous occasion to the list. In anticipation of their forthcoming nuptials, the couple delightedly shared enchanting pre-wedding snapshots on Instagram. Accompanied by the caption “As it pleases the Lord! @itsashleewhite,” Theophilus’s announcement […]
The Senate Ad-hoc Committee, investigating the acquisition and expenditure of the N30 trillion Ways and Means loans from the Central Bank of Nigeria during the administration of former President Muhammadu Buhari, has disclosed the discovery of certain irregularities in the loan procurement process. As a result, the committee has announced its intention to summon the […]
Zenith Bank Plc has announced the appointment of as its Group Managing Director/Chief Executive Officer (CEO), effective June 1, 2024, pending approval by the Central Bank of Nigeria (CBN). The appointment was disclosed in a statement released to the Nigerian Exchange Limited (NGX) and signed by Michael Osilama Otu, the Company Secretary of Zenith Bank […]
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