Nigeria Signs Afrexim Bank Trade Development Fund
Nigeria has officially signed the Establishment Agreement for the Fund for Export Development in Africa (FEDA), an impactful investment platform managed by the African Export-Import Bank (Afreximbank). With this accession, Nigeria becomes the 16th nation to join the...
FG Splits TCN, Hands National Grid to New Company
A new order by the Nigerian Electricity Regulatory Commission (NERC) will, in the next 30 days, create the Nigerian Independent System Operator of Nigeria Limited (NISO), leading to a split of the Transmission Commission of Nigeria...
Tinubu to Inaugurate Gas Processing Plants in Delta, Imo
The federal government says President Bola Tinubu will commission three critical gas infrastructure projects undertaken by the Nigerian National Petroleum Company (NNPC) Limited and partners.
The projects include the AHL gas processing plant 2, the ANOH gas...
Cardoso Urges Fiscal Authorities to Address 'New Sources' of Inflation
The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, has called on the fiscal authorities to address new sources of inflation to complement the efforts of monetary policy in achieving price stability.
In his...
Oyetola Rallies Stakeholders on Removing Barriers to Investments in Maritime Sector
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has charged heads of agencies and parastatals in the Ministry to redouble their efforts in ensuring the realisation of the presidential mandate on investment drive.
Oyetola...
NCS Increases FX Rate for Import Duties to N1,441/$
The Nigeria Customs Service (NCS) has increased the foreign exchange (FX) rate for import duties to N1,441.58 per dollar.
The increase represents a 4.94 percent as against the N1,373.64/$ adopted on May 1.
The rate adopted by customs...
