Mobile bank transactions in Nigeria have hit eight point seven trillion naira within a five-year period as the number of telecommunication subscribers rises to one hundred and ninety-five million, one hundred and twenty-eight thousand, two hundred and sixty-five. The Nigeria Interbank Settlement System and Nigerian Communications Commission made this known in a report. The report titled ‘Instant…
The National Bureau of Statistics says Nigeria recorded an annual Gross Domestic Product growth of three point four per cent in 2021, representing the strongest growth in seven years. The GDP growth exceeded the World Bank and International Monetary Fund 2021 projections of two point five per cent and two point seven per cent for the country.…
The Nigerian Ports Authority now has a new Managing Director, in the person of Mohammed Bello-Koko. President Muhammadu Buhari confirmed the appointment of Bello-Koko after serving for four months in acting capacity. The appointment of the new NPA Boss was announced in a statement by the spokesman of the Federal Ministry of Transportation, Eric Ojiekwe. Mohammed Bello-Koko…
The Nigerian National Petroleum Company says about two-point-three billion litres of petrol are expected to be delivered to the country in the next two weeks. This was made known by the NNPC’s Group Executive Director in charge of Downstream, Adetunji Adeyemi, as the petrol distribution crisis continues. Adeyemi also said that petrol depots and NNPC filing stations…
The Central Bank of Nigeria has launched a new programme which is intended to attract two hundred billion US dollars of foreign investment into the country. The CBN initiative is being done under the Bankers Committee, and it is known as RT-200-FX Programme. CBN Governor, Godwin Emefiele told newsmen in Abuja that the target is expected to…
President Muhammadu Buhari has directed that those who suffered damages from the bad petrol in circulation should be compensated. This was announced in a statement by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu. Shehu said President Buhari wants the providers of substandard fuel to be held accountable for the damage they…