News
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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 […]
Civil society organizations, CSOs, and a security expert have berated Senate President Godswill Akpabio for linking Thursday’s killings of 16 military men in Delta State to foreign mercenaries. The troops were killed while on a peace mission to the warring communities of Okuoma and Okoloba. Akpabio spoke on Tuesday during plenary when the Senate resolved […]
The World Health Organisation, KNCV Nigeria, and other experts on Tuesday called on governments at all levels to increase investments in tuberculosis to achieve Nigeria’s goal of eradicating the disease by 2030. They made the call at a press conference in Abuja ahead of the 2024 World Tuberculosis Day. They noted that the persistently low […]
Forex turnover at the official foreign exchange market has increased to $11.43bn within over two months of trading following fresh reforms by the Central Bank of Nigeria. An analysis of reports and data of daily forex transactions recorded on the website of FMDQ Securities, a platform that publishes official foreign exchange trading in the country, […]
Imported food inflation in Nigeria rose to its highest level, reaching 29.8% in February 2024 from 26.3% recorded in the previous month, which represents a 352 basis points increase. This is according to analysis by journalists. Further analysis showed that imported inflation has increased consecutively for over 4 years, largely driven by both internal and […]
Governor Chukwuma Soludo of Anambra State believes Nigeria’s biting economic situation is an “inevitable” phase for the betterment of the nation. Soludo stated this in an interview on Channels Television’s Sunday Politics. Recall that Nigeria’s inflation level rose to 31.70 per cent in February with the cost of living shooting up in the wake of […]
The Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL) Mele Kyari, has said the Port Harcourt refinery will commence operations in about two weeks time. According to Kyari, mechanical works have been completed on the Port Harcourt, Warri, and Kaduna refineries, stressing that the Kaduna refinery will commence operations in December. Kyari […]
In a bid to ensure food security, the Niger Delta Development Commission has partnered with the Rice Farmers Association of Nigeria. According to a statement by the NDDC Director of Corporate Affairs, Pius Ughakpoteni, the commission’s Managing Director, Dr Samuel Ogbuku, stated this during a strategic meeting with a delegation of the farmers association, led […]
The Central Bank of Nigeria has handed over N100bn worth of fertilisers to the Federal Ministry of Agriculture and Food Security to boost food production across the country. CBN Governor, Olayemi Cardoso, handed over the 2.15 million bags of fertilisers to the Minister of Agriculture and Food Security, Abubakar Kyari, at the headquarters of the […]
An international business research firm, the Economist Intelligence Unit (EIU), has declared that indigenous oil companies acquiring the assets of divesting international oil companies will not be able to match their investing power. The EIU, in its latest Country Report on Nigeria, observed that the indigenous companies would not have the same financial power to […]
