Search Results for: Nigeria

The Nigeria Customs Service (NCS) and the Benin Republic Customs Administration have joined forces to strengthen trade ties between the two nations. Led by Comptroller-General of Customs (CGC) Bashir Adewale Adeniyi, a high-level delegation from the Nigeria Customs Service engaged in crucial discussions with their counterparts in Benin Republic. The primary focus of the meeting…

Nigeria is on the brink of a significant economic boost as it prepares to receive a $1.05 billion loan from the African Export-Import Bank (Afreximbank) in May. This substantial financial injection comes at a crucial time for the country, offering a glimmer of hope amid economic challenges exacerbated by the COVID-19 pandemic and fluctuating oil…

The Federal Government through Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi (SAN), has made a groundbreaking announcement. This declaration not only highlights the unwavering dedication of the Federal Government but also serves as a beacon of hope for millions of Nigerians longing for a fair and accessible justice system. By prioritizing…

The unexpected passing of Ogbonnaya Onu, a distinguished figure in Nigerian politics, has reverberated throughout the nation, leaving many in shock and mourning. Ogbonnaya Onu’s illustrious career, which spanned from his tenure as the Governor of Abia State to his impactful role as the Minister of Science and Technology, solidified his legacy as a stalwart…

In a heartfelt message marking the culmination of the holy month of Ramadan, Nigerian army chief Lieutenant General TA Lagbaja NAM GSS psc(+) usawc CM FCM FCMH MSS, , extended warm congratulations to the Muslim faithful on successfully completing their fast. He also extended heartfelt felicitations to the officers, soldiers, and civilian staff of the…

In a decisive operation on April 8, 2024, Nigerian Army troops carried out a successful raid on the hideout of notorious terrorist kingpin, Yellow Janbros, located in Dangunu Village, Maru Local Government Area of Zamfara State. This operation marks a significant victory in the ongoing battle against terrorism and insurgency in the region. Yellow Janbros…

The federal government of Nigeria, through Minister Adegboyega Oyetola in collaboration with the African Union – Interafrican Bureau for Animal Resources (AU-IBAR), is embarking on formulating a comprehensive Blue Economy Strategy. The initiative aims to tap into Nigeria’s marine resources effectively and sustainably for economic development. During a recent workshop in Abuja, Minister Adegboyega Oyetola…

In a bid to address the dynamics of petrol pricing, oil marketers have engaged in deliberations with Dangote Refinery, proposing a benchmark price of N550 per litre for petrol within the Lagos region. Alhaji Abubakar Migandi Garima, President of IPMAN, revealed that these discussions are centered around various factors including pricing mechanisms, profit margins, and…

The Central Bank of Nigeria (CBN) has implemented robust strategies to tackle surplus liquidity in the banking sector, particularly through the issuance of Nigerian Treasury Bills (NTBs) and Open Market Operations (OMO). In the first quarter of 2024, the Central Bank of Nigeria achieved remarkable success, generating a substantial N7.7 trillion. This marks a staggering…