Nigeria, Others to Generate $126bn Revenue from AI - WTO
The Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala has revealed that a report by the organisation has shown that Artificial Intelligence can generate $26 billion in revenue and improve productivity for...
Customs Revenue Growth Rises 90% to N6.1tn in 2024
The Nigeria Customs Service has announced that it collected a total sum of N6.105tn as revenue for the year 2024.
It said the amount represents an increase of 90.4 per cent from N3.2tn recorded in 2023, highlighting...
$1bn Program: FG Receives 255 Tractors, Expects More for Food Production
The Federal Government on Tuesday said it has received more than 250 new tractors, with additional shipments arriving weekly.
The tractors arrived in the country in 85 containers, each conveying three units.
The Minister of Agriculture...
CBN Fines Nine Banks N1.35bn for Hoarding Cash
The Central Bank of Nigeria has sanctioned nine Deposit Money Banks with fines totalling N1.35bn for failing to ensure cash availability via Automated Teller Machines during the festive season.
Each of the banks was fined N150m following spot...
Telecoms to Suspend USSD as 18 Banks Owe N250bn
Some banks risk disconnection by telecom operators over their failure to comply with a directive of the Nigerian Communications Commission (NCC) to repay the N250 billion Unstructured Supplementary Service Data (USSD) debts.
It was learnt that the...
CBN Introduces New Account Options for Non-resident Nigerians
The Central Bank of Nigeria (CBN) has launched two innovative account products designed to enhance financial access and investment opportunities for Non-Resident Nigerians (NRNs).
Unveiled on Friday, January 10, 2025, the Non-Resident Nigerian Ordinary Account (NRNOA) and Non-Resident...
