The Central Bank of Nigeria (CBN) has approved a new license categorization system for the Nigerian Payment System. The apex bank made this known in a press release published on its website and dated 9th December 2020. According to the CBN, the license categorization is meant to help promote […]

    The National Action Committee is developing a national strategy for the AfCFTA implementation. The National Action Committee (NAC) on African Continental Free Trade Area (AfCFTA) is developing a national AfCFTA implementation strategy prior to the take-off of the agreement on 1st January 2021. This was disclosed by the Secretary of […]

    As part of measures to improve Ease of Doing Business,the Nigeria Export Processing Zones (NEPZA) is to commence operation on a new template for Free Zone registration with effect from January 1, 2021   According to NEPZA’s Managing Director, Prof. Adesoji Adesugba, it would make the process of registering a Free Zone company more […]

    Crude oil has been discovered in the Benue Trough in commercial quantity, with Nigerian geologists spearheading the efforts, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari has said. Kyari stated this while delivering a goodwill message at the opening ceremony of the […]

  The federal government will today sign an agreement with Transcorp Consortium, the preferred bidder of Afam Power Plant, with a bid sum of N105 billion. The Director-General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, told journalists yesterday in Abuja that the agreement-signing ceremony showed the fact […]

  The African Continental Free Trade Area is one major solution for the expansion of non-oil exports from Nigeria to foreign lands, the Federal Government stated on Sunday. Special Assistant to the President on Public Matters, who doubles as Secretary of the National Action Committee on AfCFTA, Francis Anatogu, described […]

  The Governing Council of the Standards Organisation of Nigeria (SON) has approved 168 new standards for publication and dissemination to various sectors of the economy in furtherance of the federal government’s economic diversification policy. Rising from its virtual meeting chaired from Abuja by the Permanent Secretary, Federal Ministry of […]

    IN a bid to ease the traffic gridlock in and around Apapa port and its environs, the Nigerian Ports Authority, NPA, has issued fresh operational licences to barge operators to evacuate cargoes by waterways from Nigerian ports. Confirming the development, Adams Jatto, General Manager, Corporate and Strategic Communication […]

  The Nigerian Content Development and Monitoring Board (NCDMB), has unveiled BrentPlus, a series of initiatives that will stimulate innovations in the oil and gas industry and ancillary sectors, and create a platform for local creation of digital technologies. The Executive Secretary of NCDMB, Simbi Wabote, unveiled BrentPlus during a […]

The total assets of banks rose to N42.2tn as of the end of February 2020. A member of the Monetary Policy Committee, Dr Rafindadi Sanusi, disclosed this in his presentation during the last MPC meeting of the Central Bank of Nigeria. He said, “Total assets of the industry have grown […]