In a move to ensure stable electricity in Ondo State, Lincs Power Energy Solutions has joined hands with the state government to build a 5-megawatt power project. The project aims …
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GOVERNMENT
- DevelopmentGOVERNMENTInfrastructureInnovationTechnology
Nigeria advances geospatial technology for smart city development
Nigeria is making significant progress in geospatial technology to support smart cities and modern infrastructure development. The Surveyor-General of the Federation, Abdulganiyu Adebomehin, stated this during a one-day workshop on …
- DevelopmentEconomyEducationGOVERNMENT
W’Bank lends Nigeria $1.08bn for education, nutrition, economic boost
The World Bank has announced the approval of three major financing operations worth a total of $1.08 billion to support key sectors in Nigeria, including education, nutrition, and economic resilience. …
- BusinessEconomyEnergyGOVERNMENTManufacturing & Consumer Goods
NNPCL raises petrol pump price to N950/litre
The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of petrol to N925 per litre in Lagos and N950 per litre in Abuja, following weeks of speculation …
- Arts & CultureBusinessEconomyFinance & ServicesGOVERNMENTPolitics
South African rand slides as budget vote puts coalition on shaky ground
The South African rand fell sharply on Wednesday following disagreements over the country’s budget vote, raising concerns about the strength of the coalition government. By 16:40 GMT, the rand was …
- BusinessEconomyEnergyGOVERNMENTPolitics
EXPLAINER-What to know as a new CEO takes over at Nigeria’s state oil firm NNPC
Nigeria’s President Bola Tinubu has appointed former Shell executive Bayo Ojulari as the new head of the Nigerian National Petroleum Company (NNPC) along with a new board, raising hopes for …
South Africa’s pro-business Democratic Alliance (DA) has taken legal action against the government, challenging the legality of the budget process and seeking to block the planned value-added tax (VAT) increase. …
- GOVERNMENTHealthcareNigeriaWestern Africa
FCT Minister Approves Recruitment of 34 Resident Doctors for Training
The Minister of the Federal Capital Territory (FCT), Mr. Nyesom Wike, has approved the recruitment of 34 resident doctors for a seven-year training program aimed at improving healthcare services in …
- EconomyFinance & ServicesGOVERNMENTNigeriaPoliciesWestern Africa
Naira Strengthens as Nigeria’s Foreign Reserves Hit Three-Year High
Nigeria’s naira recorded its biggest gain in two weeks, appreciating by 0.6% to 1,530 per dollar as of 11:15 a.m. in Lagos on Wednesday, according to Bloomberg-tracked BMAT spot trading. …
- Banking, Finance & InvestmentEconomyGOVERNMENTNigeriaWestern Africa
CBN Denies Introduction of N5,000, N10,000 Banknotes
The Central Bank of Nigeria (CBN) has debunked a viral report claiming it has introduced N5,000 and N10,000 banknotes to facilitate cash transactions. The apex bank, in a statement released …