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The federal government has begun the implementation of its plan to deliver electricity, through solar energy, to about 25 million Nigerians whose communities are off the national power grid. Vice President Yemi Osinbajo, who spoke during an event to mark the programme in Jangefe, Roni Local Government Area of Jigawa State, restated the determination of the President Muhammadu Buhari administration to give more Nigerians access to cheap and environmentally friendly renewable power.
Most small-scale farmers in Nigeria rely on rainfed cultivation and do not have access to adequate water sources to engage in large-scale dry season production, leading to local shortages of important crops and high market prices in the dry season due to the lack of technique to cultivate them when the weather condition becomes harsh.
A United State of America based Cyber Security expert, Dr. Augustine Ohwobete has told organizations, especially financial institutions to put measures in place to check cyber crimes, following the pace at which digital disruption and innovative new technology were reaching the market.
ActionAid, stakeholders express worry over unstable levels of borrowing, rising national debt profile
A non-profit making organisation, ActionAid Nigeria, AAN, and stakeholders, Friday, expressed worry over unstable levels of borrowings and rising national debt profile under the Buhari-led administration and poverty increasing daily.
He spoke on Thursday at an online roundtable event titled ‘Debt Relief for a Green and Inclusive Recovery in Nigeria?’ organised by the Heinrich Böll Foundation and the Centre for the Studies of the Economies of Africa (CSEA).
The Central Bank of Nigeria (CBN) has secured the orders of the Federal High Court, Abuja to freeze 193 corporate and individual bank accounts, pending the outcome of investigations into allegations of foreign exchange (FX) infractions against holders of the accounts.
Speaking at the fair with the theme: Promoting Financial Stability and Economic Development at Sultan Maccido Quranic institute, Sokoto, the CBN Governor Mr Godwin Emefiele said this was to enlighten the general public about the products and interventions of the bank to grow the nation’s economy.
Eleven bank accounts of some companies and an individual were on Wednesday frozen by the Central Bank of Nigeria (CBN).
Dr Titus Okunrounmu, former Director, Budgeting Department, Central Bank of Nigeria (CBN), says Nigeria’s economy can grow by between seven per cent and 10 per cent annually if the necessary measures are put in place.
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending has debunked reports that the Central Bank of Nigeria has suspended further disbursements to the agency over allegations of corruption in its handling of the Federal Government’s Anchor Borrower’s Programme.
Microfinance banks in Nigeria will not be able to meet up with recapitalisation requirement of the Central Bank of Nigeria, within the proposed time, because of the effect of the coronavirus pandemic on the economy, an official has said.
Kingsley Moghalu, former presidential candidate of the Young Progressives Party (YPP), says terrorists and kidnappers are now demanding ransom in cryptocurrency.
Nigerians are expected to enjoy improved power supply in the coming weeks owing to the return of the rainy season and the resultant decline in water constraints suffered by hydro power plants, a report by the Financial Derivatives Company (FDC) has predicted.
Senator Samuel Anyanwu who represented Imo East senatorial district, Monday, described the killings in Ebonyi state, by killer herdsmen as a declaration of war on the Igbo people.
Some Nigerians customers can now heave a sigh of relief days after they were locked out from accessing their bank accounts for airtime vending on the network of MTN Nigeria as the telecom network operator and its banking partners have agreed to sheath their swords on the Unstructured Supplementary Service Data (USSD) channels services restriction and commission.
On February 5, the Central Bank of Nigeria (CBN) released a circular addressed to banks and other financial institutions with the directive that transactions in cryptocurrencies and facilitating payment for cryptocurrency exchanges were prohibited.
The Edo State Governor, Mr. Godwin Obaseki, has ordered Uhonmora and Sabongida-Ora communities in Owan West Local Government Area of the state to steer clear of the disputed land between the two communities in which three lives were lost last week.
The Central Bank of Nigeria (CBN) has suspended all loans to the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) amidst widespread allegations of corruption.
The All Progressives Grand Alliance (APGA) has asked the Police to immediately fish out the criminals that attacked Prof Charles Chukwuma Soludo, a leading governorship aspirant of the party in the forthcoming election in Anambra state.
Senator Tokunbo Abiru representing Lagos East District formerly launched his COVID19 relief fund scheme on Thursday, April 3, with beneficiaries already receiving N5000 monthly.
The Deputy Minority Leader of the House of Representatives, Hon. Toby Okechukwu, has condemned the killing of citizens in Egedegede community of Ebonyi State by suspected herdsmen, and the attack on former Governor of the Central Bank of Nigeria (CBN), Chukwuma Soludo, by gunmen in Isuofia, Anambra State, in which three policemen were killed.
Protests broke out Sunday night after US police fatally shot a young Black man in a suburb of Minneapolis — where a former police officer is currently on trial for the murder of George Floyd.
A Port Harcourt housewife, Mrs Joy Godstime Ihunwo, has alleged that she lost her pregnancy after she was brutalized by officers of the anti-kidnapping unit of Rivers Police Command.
Atletico Madrid moved back to the top of La Liga on Sunday after a 1-1 draw against Real Betis opened a one-point lead over city rivals Real.
The Agbajowo Advocacy for Yoruba People’s Rights, a pan-Yoruba socio/cultural organisation, has rejected secession clamours by some sections of the country.
The Nigerian Political Science Association (NPSA), North West Zone, at the weekend joined calls for the restructuring of the country.
Mina’s Goodison Park future has become a talking point in recent days, with The Sun claiming over the weekend that the player wants a move to Italy this summer. The defender that the Toffees want to replace him is experienced Napoli man Kalidou Koulibaly.
FIFA has suspended the Pakistan Football Federation (PFF) due to third-party interference and also the Chadian Football Association (FTFA) with immediate effect due to government interference, soccer’s global governing body said on Wednesday.
President Muhammadu Buhari has reiterated the determination of his administration to work with the general public to rid Nigeria of terrorists, bandits and kidnappers.
An Iranian cargo ship has come under attack in the Red Sea, Al Arabiya TV reported on Tuesday, quoting unnamed sources, and semi-official Iranian news agency Tasnim said the vessel was targeted by a limpet mine.
Minister of State for Petroleum Resources, Chief Timipre Sylva, has reiterated the resolve of President Muhammadu Buhari-led administration to provide jobs for the teeming youths of the Niger Delta, stating that gainful employment will solve the problems facing the region.