In response to circulating rumours suggesting the discontinuation of old naira notes, ₦200, ₦500, ₦1,000, by December 31, 2024, the Central Bank of Nigeria (CBN) has issued a strong rebuttal, labelling such claims as false and designed to create confusion within the nation’s payment system. Acting Director of Corporate Communications, Mrs Sidi Ali Hakama in…
Abuja, Nigeria — President Bola Tinubu has expressed his appreciation to NIPCO Plc for its significant investments in Nigeria’s Compressed Natural Gas, CNG sector, applauding the company’s commitment to the country’s energy transition efforts. The President made these remarks during a meeting with NIPCO executives at the State House in Abuja. President Tinubu commended NIPCO…
The Cross River State House of Assembly has adopted a motion calling on the State Government to establish timber markets in the three senatorial districts of the State. The House said that the establishment of the timber markets would enhance the State’s revenue as well as create employment opportunities for citizens. The House had deliberated…
Lagos, Nigeria – Tuesday, October 22, 2024: The Federal Competition and Consumer Protection Commission (FCCPC) is taking action to address concerns surrounding the impending phase-out of Unistar prepaid meters by Ikeja Electric Plc and other electricity distribution companies (DisCos). The announcement follows a wave of consumer complaints about the transition process. Ikeja Electric recently declared…
Renowned economist and technology entrepreneur, Prof. Ndubuisi Ekekwe, has raised concerns about Nigeria’s worsening economic situation, citing significant declines in the country’s Gross Domestic Product (GDP) and unsustainable borrowing practices. Speaking on the current state of Nigeria’s economy, Ekekwe highlighted alarming statistics that reveal a substantial contraction in GDP over the past eight years, and…
In the first half of 2024, Nigerians living abroad sent over $1.5 billion to their relatives and businesses back home, providing a significant boost to the country’s foreign exchange reserves. A record $553 million was remitted in July alone, according to an analysis conducted by The Whistler, marking a promising recovery in diaspora remittances, which…
Tanzania has successfully completed the construction of a 3.2-kilometre bridge over Lake Victoria, an ambitious infrastructure project costing $300 million. The newly completed bridge, which spans the Mwanza Gulf, is set to significantly enhance trade connectivity between Tanzania and its East African neighbours, including Uganda, Rwanda, and Burundi. Located near the city of Mwanza, the…
In a bid to promote a more sustainable and affordable transportation system as well as support a sustainable energy future in the state, the Cross River State Government has officially commissioned a Compressed Natural Gas, CNG conversion and training centre for vehicles in Calabar. The facility, located at the Construction and Fabrication Academy in Calabar,…
In this news story, we’re going to look at the highlights of Vice President Kashim Shettima’s visit to Sweden, including Gluwa and Ericsson, and others willing to put their money in Nigeria. Some of the highlights: Gluwa to invest $100m, others commit to multi-million dollar tech hubs, MSMEs, agriculture Ericsson to build $19m tech hub…
The member representing Yakurr 2 State Constituency in the Cross River State House of Assembly, Hon. Mercy Akpama, has empowered two constituents with business grants, including two Point of Service (POS) machines. The empowerment which was held during the Female Legislators Outreach at Nko on 12th October 2024, had Mr Solomon Onen Ofem (from Nko…
