FEC Approves N1.9bn for 33 CNG Vehicles, $1.442m Worth Arms, Ammunition for NDLEA The Federal Executive Council (FEC) has approved $1.442 million for the procurement of arms, ammunition and equipment for the National Drug Law Enforcement Agency (NDLEA) to boost its anti-narcotics operations. The Attorney-General of...

NAIC Insures ₦1.014tr in Agricultural Projects in Five Years The Nigerian Agricultural Insurance Corporation (NAIC) has provided insurance coverage worth ₦1.014 trillion to agricultural projects across Nigeria in the past five years. This level of insurance coverage underscores NAIC’s commitment to strengthen the nation’s agricultural sector...

CBN Governor Cardoso Sees End to Excessive FX Volatility The Central Bank of Nigeria (CBN) has disclosed that the worst is over for the Naira’s fluctuations. CBN governor, Olayemi Cardoso, struck an optimistic tone regarding the naira’s stability in a recent interview with Bloomberg TV. He expressed...

Why Petrol, Diesel Prices May Not Drop Despite Dangote Refinery — Experts Experts believe that prices of petrol and diesel may not crash significantly despite the commencement of production at the Dangote Petroleum Refinery. With the removal of subsidy on petrol in May 2023, the price...

Public Debt Hits N121tn Nigeria’s total public debt has reached N121.67tn, increasing by N24.33tn or 24.99 per cent within three months, the Debt Management Office has announced. This new figure is from a total debt of N97.34tn ($108.23bn) as of December 2023. The DMO in a statement...

Africa Global Logistics Launches in Nigeria, Unveils Growth Plan Africa Global Logistics (AGL), one of Africa’s leading logistics solutions providers, has formally launched in Nigeria with the company unveiling its plans for transformation and growth in Nigeria’s logistics landscape. Formerly known as Bolloré Africa Logistics, AGL...