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Cryptocurrency: We Acted in Nigerians’ Best Interest – Emefiele

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele says the Bank’s decision to prohibit deposit money banks, non-banking institutions and Other Financial Institutions from facilitating trading and dealings in cryptocurrency is in the best interest of Nigerian depositors and the country’s financial system. Mr. Emefiele made the declaration on Tuesday, February 23, 2021,…

Fed Govt to engage 500,000 youths in gas accessories enterprise

The Federal Government has said it will engage about 500,000 Nigerian youths under its National Gas Expansion Programme (NGEP). The Minister of State for Petroleum Resources, Chief Timipre Sylva, stated this yesterday in Ado-Ekiti, the Ekiti State capital, while kick-starting the programme. Sylva said the programme was primarily designed as part of President Muhammadu Buhari’s…

FG Poised To Do Much More Through ESP – Presidency

The Presidency has said that Nigeria’s prompt exit from recession is a key indicator of the success of the ongoing Economic Sustainability Plan approved by the Federal Government. This indication was given over the weekend by Mr. Laolu Akande, Senior Special Assistant to the President on Media and Publicity in the Office of the Vice…

SEC urges mentoring to sustain sound banking

Senior bankers in the  banking sector have been urged to mentor the younger generation to ensure sustainability, safety and soundness of the banking and finance industry. Director-General, Securities and Exchange Commission, Mr. Lamido Yuguda gave the advice at the relaunch of the Chartered Institute of Bankers of Nigeria (CIBN) Mentoring Scheme, with the theme, “Mentoring:…

NBS ranks Abia third for 2020 capital inflow

The National Bureau of Statistics (NBS) has ranked Abia State as the third state with top capital inflow in 2020. According to NBS, “By destination, Lagos emerged as the top destination of capital investment in Nigeria with $8.3 billion, followed by Abuja, which received $1.3 billion. “The others on the list are Abia State with…

FG to redeem N31.4b debts owed states

The Federal Government will tomorrow release over N31.4 billion to state governments in keeping with its obligations to service its debts. The state governments will be credited with N31,440,652,571 tomorrow when the promissory notes issued to them by the government on February 18, 2019 mature. A source at the Debt Management Office (DMO) indicated that the government…

On Zulum’s visit, NALDA names Borno official sacks producer for national rice programme

… To host flag-off in March The recently revived Borno Plastic Industry has been named official manufacturer of millions of sacks for the packaging of rice being cultivated under a national food programme being undertaken by the National Agricultural Land Development Authority (NALDA). NALDA’s Executive Secretary, Prince Paul Ikonne made that announcement on Wednesday when…

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