A unit of the leading pan-African banking group, Ecobank Nigeria,has announced the roll out of the Super Rewards campaign, where customers stand to win over N60m. As disclosed in a statement made available to journalists, the campaign was unveiled to celebrate the 40th anniversary of the group, Ecobank Transnational Incorporated. The campaign is slated to […]
Onanuga said this in reaction to a report that some Chinese traders have begun accepting naira in place of the United States dollar for transactions with Nigerian customers. According to the report, forex traders attributed the recent exchange rate stability to the success of Nigeria’s currency swap agreement with Chinese traders now collecting naira for […]
Mr Dunhai made the call in Abuja, during a symposium held to mark the 80th anniversary of the victory in the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War. The ambassador, in his address, recounted China’s resistance against Japanese aggression, the World Anti-Fascist War, and the eventual restoration of the […]
This follows key discussions between Nigerian delegations, led by President Bola Tinubu and attended by the Minister of Power, Adebayo Adelabu and others with Japanese stakeholders, during the Ninth Tokyo International Conference on African Development (TICAD) in Yokohama, Japan. The Nigerian delegation engaged with major energy firms, including Toshiba, Hitachi, and Japan’s Transmission & Distribution […]
This was disclosed in a post on the President’s official X account. The statement disclosed that the calculator allows citizens to compare their estimated tax under the proposed reforms with current rates, and ensure a clear understanding of the impact on individual incomes. Tinubu said the reforms, which take effect from January 2026, are intended […]
The Minister of Humanitarian Affairs, Tanko Sununu, warned that millions are at risk of sliding deeper into poverty, especially in the North, which accounts for 65% of the country’s poor population, mostly smallholder farmers whose livelihoods have been wiped out by floods and drought. He noted that the World Food Programme recently suspended key operations […]
The Infrastructure Concession Regulatory Commission, ICRC, which issued the guidelines, said the reforms empower ministries, departments, and agencies, MDAs, with new approval thresholds of up to ₦20 billion for ministries and ₦10 billion for agencies and parastatals, as approved by President Bola Ahmed Tinubu. According to the Commission, the guidelines outline processes for preparing the […]
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, gave the assurance during an inspection of the NNPC/Chevron Nigeria Limited Joint Venture EGTL facility in Escravos, Delta State. Lokpobiri’s media aide, Nneamaka Okafor, in a statement, said incentives will ensure Nigeria remains an attractive destination for energy investments. “Since we assumed office, things have […]
Amid that, the Senate recently approved a new $21 billion external borrowing plan. The Co-founder of Citizen Monitors, Adeshope Haastrup, in a statement made available to newsmen, titled, “Unchecked Borrowings: Citizen Monitors Demands Transparency,” said“Debt isn’t the enemy, opacity is.” “Every kilometre of road, every classroom, every megawatt built with borrowed funds should be visible […]
The National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, disclosed in an interview. This fresh increase represents a N30 hike in the ex-depot price of petrol. “The new ex-depot price of petrol at the refinery is N850 per litre,”Maigandi said. He also confirmed that the plant has resumed the sale of […]