President Muhammadu Buhari will formally unveil the Nigerian Central Bank Digital Currency, known as the eNaira, on Monday, at the State House, Abuja.
CBN spokesman, Osita Nwanisobi, said this in a statement titled ‘President Buhari to unveil eNaira on Monday, 25 October...
Governor of the Central Bank of Nigeria (CNN), Godwin Emefiele, has said medical tourism is straining Nigeria’s foreign reserves.
The CBN governor spoke at an event to launch a privately-owned new 100-suit health facility, Duchess International Hospital, in Ikeja, Lagos.
He called on the...
Nigeria Losing $3bn To Illegal Mining - NEITI
The Director, Technical, Nigeria Extractive Industry Transparency Initiative, Dr Dieter Bassi, has said Nigeria is losing $2bn-$3bn to illegal mining.
He said this during a town hall meeting on the dangers of foreign illegal mining in Nigeria on...
Nigeria’s Service Imports Surpass Exports, Records $33.7bn Deficit
Nigeria recorded trade in services deficit of $33.7bn in 2019, even as its merchandise exports fell by 14.1 per cent in the same year, according to the United Nations.
The UN, in its UN Comtrade International Statistics Yearbook...
Gencos Lose N1.66trn Over Non-payment For Unused Power
Power generation companies in Nigeria have said they suffered a loss of N1.66trn in seven years as a result of non-payment for deemed capacity.
The Executive Secretary, Association of Power Generation Companies, the umbrella body for the Gencos,...
Insurance Firms To Pay N20bn #EndSARS Claims
Insurance companies will eventually pay about N20 billion in compensations for losses recorded during the October 2020 #EndSARS protest.
Speaking with the News Agency of Nigeria (NAN) in Lagos on Wednesday, the Chairman of the Nigeria Insurance Association (NIA),...
