Reps Summon NIMASA DG, Halt $700m Cabotage Fund Disbursement   The House of Representatives has directed the Nigerian Maritime Administration and Safety Agency (NIMASA) to stop the planned disbursement of the $700 million Cabotage Vessels Financing Fund (CVFF). The lawmakers adopted a...

FG Says Livestock Accounts For Over 40 % Of Global Agric GDP   The Livestock sub-sector accounts for more than 40 per cent of the global agricultural Gross Domestic Product, Dr Ernest Umakhihe, Permanent Secretary, Ministry of Agriculture and Rural Development,...

Out Of 200m, Only 57.4m Nigerians Have BVN – CBN   The Central Bank of Nigeria (CBN) has said out of over 200 million Nigerians, only 57.4 million possess Bank Verification Number (BVN). The apex bank had partnered with the Nigerian Interbank...

NITDA Bill Not To Regulate Telecoms Business, Says NITDA   The National Information Technology Development Agency (NITDA) has disclosed that the agency does not seek to regulate telecoms business, but regulate Information Technology for development. This disclosure was made by the spokesperson,...

FG To Explore Alternative Funding Model For Oil, Gas Industry Development – NUPRC   The Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the Federal Government has concluded plans to explore alternative funding models for development of the country’s oil and gas...

Nigeria’s Foreign Reserves Decline By $1.82bn In Four Months   The external reserve is expected to continue its downward trend in the coming weeks as major sources of forex inflows deteriorate. Nigeria’s foreign exchange reserves have dropped by $1.82 billion over the...