The federal government, through the Presidential Enabling Business Environment Council (PEBEC), has addressed recent concerns regarding the Minister of Interior’s decision to cancel the Visa-on-Arrival (VOA) policy. In a statement issued to journalists yesterday in Abuja, the director-general of PEBEC, ...
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MultiChoice Announces New Price Hike For DStv, GOtv Packages
Subscribers of MultiChoice’s DStv and GOtv services will have to pay more for their packages as the the PayTV company has announced a price increase set to take effect from March 1, 2025. In a statement issued to customers on ...
Read More »FG Spends $8bn To Stabilise Naira
The federal government has spent about $8 billion to stabilise the exchange rate of the Naira to the US dollar at its current levels. Managing director/CEO of Lagos-based Financial Derivatives Company, Bismarck Rewane, who revealed this, attributed the steady appreciation ...
Read More »Energy Transition: Minister Lauds Federal Govt’s €7.6bn Deal With China Firm
The Minister of Innovation, Science and Technology, Chief Uche Nnaji, has applauded the federal government over its commitment to gradual diversification from fossil fuels to clean energy in line with global best practices. Towards this end, major step towards achieving ...
Read More »UK Signs $40.5m Investment Deal To Boost Nigeria’s Cocoa Sector
British International Investment (BII), the UK’s development finance institution has inked an investment deal of $40.5 million with Johnvents Group, an agribusiness industry to enhance Nigeria’s cocoa production. The investment is expected to grow the cocoa sector, improve its global ...
Read More »ECOWAS And The Alliance Of The Sahel States Conundrum
The Economic Community of West African States (ECOWAS) is one of eight Regional Economic Communities (RECs) recognized by the African Union (AU). Until September 2023, it had 15 member states. However, Mali, Burkina Faso, and Niger announced their withdrawal following ...
Read More »Only Two Banks Meet New Capitalisation Target – Fitch
Only two banks have so far been able to meet the new capital requirements prescribed by the Central Bank of Nigeria (CBN), with most of the other banks still in need of huge capital injections, international rating agency, Fitch Ratings, has ...
Read More »Peace Poly Upgraded To Run ND, HND Programs
…as FME, NBTE give nod at Upgrade Resources Inspection Visit By Our Correspondent The Federal Government of Nigeria has granted permission to the prestigious Peace Institute of Management and Technology (Peace Poly) Abak to run full academic program in National ...
Read More »Four YEARS AFTER…Nigeria Struggling To Meet 70% Broadband Penetration Target
…Project stalled at 42%, 4,834 communities lack basic mobile connectivity …Nasarawa, 7 others reduce right-of-way fees to boost access Nigeria’s renewed push to achieve a 70 per cent broadband penetration target by the end of 2025 is under severe threat. ...
Read More »ECOWAS, India Strengthen Ties ON Regional Development, Security
The Economic Community of West African States (ECOWAS) and India have reaffirmed their commitment to strengthening cooperation, focusing on economic development, investment, and regional security. This was highlighted during a visit by the chief of mission of the Indian High ...
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