Gov Sheriff Oborevwori of Delta has activated the state chapters for indigenes living in Some African and Asian countries to engage them in the policies and programmes of his administration. Dr Favour Obakoro, the State Ambassador, Senior Special Assistant on Morals and Diaspora to the Governor, disclosed this at a press conference on Tuesday in…
The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened two pips to 7.1876 against the dollar on Monday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate…
Gov Nasir Idris of Kebbi has approved the release of N585.4 million for payment of tuition fees for 100 students studying in different Indian universities. The Commissioner for Higher Education, Alhaji Isah Abubakar-Tunga, made this known at a news conference on Monday in Birnin Kebbi. He said that the payment is for Kebbi indigenes studying…
Bankit Microfinance Bank has unveiled its web banking platform to provide customers with additional digital channel to manage and carry out uninterrupted daily transactions on their phones, laptops and other devices. Yen Choi, Chief Executive Officer, Bankit Africa, in a statement on Tuesday said with the innovative solution, the bank was redefining convenience and security…
The World Bank has raised Nigeria’s target for National Identification Numbers (NIN) issuance under the Digital Identity for Development (ID4D) project from 148 million to 180 million, reflecting confidence in the country’s progress despite earlier setbacks. The ID4D project, launched in February 2020 with a $430 million budget, aims to establish an inclusive digital identity…
Kenya suffered a widespread power outage on Wednesday that affected most of the country, with electricity supply restored about six hours later, the nation’s leading power utility Kenya Power said. The cause of the outage in East Africa’s largest economy, which was first reported at 1:28 a.m. local time (1028 GMT), has yet to be…
The Economic Community of West African States (ECOWAS) is ramping up preparations for the introduction of its single currency, ECO, following a consensus reached during its 65th Ordinary Session. This announcement was made in a communiqué released after the 66th ordinary session of the heads of state and government meeting held in Abuja on Sunday….
The Nigerian Senate has taken significant steps towards reinstating the country’s monetary sovereignty by introducing legislation aimed at banning foreign currencies for transactions and payments within its borders. The proposed bill seeks to ensure that all financial dealings, including salaries and general transactions, are carried out exclusively in Naira. This initiative aims to eliminate discriminatory…
The U.S. government says it has supported more than 5 million Nigerian farmers in its multifaceted agricultural partnership programmes with Nigeria since 2019 through its agency for international development (USAID). The U.S. Embassy in Nigeria disclosed this in a statement on Tuesday, adding that the partnership has helped strengthen Nigeria’s food security by increasing food…
The African Development Bank Group (AfDB) says it will construct a new state-of-the-art headquarters building in Abidjan, Côte d’Ivoire. AfDB said this in a statement on Tuesday that the decision was approved by the bank’s Boards of Directors. The bank emphasised the importance of maintaining a strong presence in the country and providing a modern…
