CBN Takes eNaira Sensitisation to Kaduna Residents, Traders The Central Bank of Nigeria (CBN) has dispatched a team of campaigners to the nooks and crannies of Kaduna state to educate and enlighten the people on the need to start making use of its Central Bank...

FEC Approves N6bn for New Agric Ministry The Federal Executive Council has approved the construction of the corporate headquarters of the Ministry of Agriculture and Rural development. The minister of agriculture, Mohammad Abubakar, who disclosed this to State House Correspondents, said an initial sum of N6...

NLNG Predicts Nigeria’s Gas Demand to Rise by 50% The Nigerian Liquefied Natural Gas Limited has affirmed that gas demand in Nigeria will increase by 50 per cent in the next 30 years. The Managing Director of NLNG Limited, Dr Phillips Mshelbila, while delivering his address...

NEMSA Warns Nigerians Against Accepting Electricity Meters Without Seals, Label Electricity consumers in Nigeria are being cautioned to reject any meter supplied by distribution companies without the NEMSA seal and labels. The Nigerian Electricity Management Services Agency, NEMSA, said this through Managing Director/CEO, Engr. Aliyu Tukur Tahir...

PFO Invests N122bn Pension Funds in Infrastructure - PenCom Pension Funds Operators have invested N121.68bn of the Contributory Pension Scheme in infrastructure as of the end of February 2023, figures obtained from the National Pension Commission have revealed. PenCom disclosed this in its unaudited report on...

Naira Redesign: Cash Scarcity Crippled Nigeria’s Economy - UN The United Nations has disclosed that the shortage of the naira in recent times crippled the Nigerian economy. It stated that the informal sector felt the brunt of the scarcity the most. It noted that the continuing...