NDIC Establishes New Unit on Fintech and Innovation The Nigeria Deposit Insurance Corporation (NDIC) has responded to technological innovations and applications in financial services with the establishment of a new “FINTECH AND INNOVATIONS UNIT” to align with contemporary trends in...

Buhari wants Senate to confirm Obiora as CBN Deputy Gov, Akande as NCC Chairman …seeks Nuhu’s confirmation as NCAA Director-General The Senate has received a request from President Muhammadu Buhari for the confirmation of Dr. Kingsley Isitua Obiora and Professor Adeola...

Reconstruction of N79bn Ibadan-Ife-Ilesa Highway begins February – Fashola The reconstruction of the Ibadan-Ife-Ilesa dual carriageway will begin in February, Works and Housing Minister Mr Babatunde Fashola, stated this during an inspection of ongoing federal road projects in Osun. The Federal...

CBN Injects $9.98bn into Forex Market in Q4 2019 The Central Bank of Nigeria (CBN) sold a total of $9.98 billion to authorised foreign exchange dealers in the fourth quarter of 2019. The data, extracted from the central bank’s economic report...

Ports in Nigeria Most Expensive In West Africa – Gbemi Saraki Transportation Minister of State Gbemisola Saraki, has described Nigerian ports as the most expensive in the West African sub-region. In a statement made available to Economic Confidential in Abuja and...

Emefiele, El-Rufai, witness groundbreaking of N10.5bn Tomato plant in Kaduna Kaduna State Governor, Nasir El-Rufai, performed the groundbreaking of a N10.5 bilion Tomato Processing Plant owned by Tomato Jos Farming and Processing Limited. The CBN-assisted plant which is to utilise...