President Bola Tinubu says he strongly supports an Africa-led credit rating agency (ACRA), saying it will provide fairer, more transparent credit assessments for African economies. The President said this at the 38th Ordinary Session of the Assembly of the African Union (AU) Heads of State and Government in Addis Ababa, Ethiopia, on Sunday. “An independent…
The House of Representatives Committee on Renewable Energy has announced the postponement of the inaugural National Legislative Summit and Expo on Renewable Energy to May 5 and May 6. Chairman of the committee, Rep. Afam Ogene, made this known in a statement issued on Sunday in Abuja. The News Agency of Nigeria (NAN) reports that…
The Democratic Front (TDF) says the N100bn Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund is a creative initiative by the Tinubu administration to ensure affordable housing options for low-income individuals and families. The advocacy group said, in a statement on Sunday by Malam Danjuma Muhammad, its Chairman, it was convinced the initiative would…
Some customers of Stanbic IBTC bank in the Federal Capital Territory (FCT), have decried the epileptic services of the bank’s mobile Application (App). Some of the bank customers, who spoke with the News Agency of Nigeria (NAN) and on X, said the epileptic services had made them lose money. Mr Destiny Irabor (pseudo name) said…
Bank customers have decried the upward review of Automated Teller Machine (ATM) transaction fees by the Central Bank of Nigeria (CBN). Some of the customers who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday, said the new policy negated the financial inclusion and cashless policies of the CBN. Mrs Catherine Itoha,…
The Minister of Interior, Dr Olubunmi Tunji-Ojo, says the Federal Government is set to establish a National Paramilitary Academy. Tunji-Ojo said this on Wednesday when the Managing Director of the News Agency of Nigeria (NAN), Malam Ali Muhammad Ali, led a delegation on a courtesy visit to his office in Abuja. The minister said that…
The South-East Development Commission SEDC) has said it intends to grow the economy of the region from the present $40 billion to $200 billion by 2035. Mr Mark Okoye, Managing Director of SEDC, said this in his inaugural speech made available to journalists in Awka on Wednesday. Okoye said that the inauguration SEDC was the…
OPEC has downgraded the forecast for the U.S. oil and condensate production in 2025 by 50,000 barrels per day. Now it expects an increase of 240,000 barrels per day to 13.47 million barrels per day, according to its new report released on Wednesday. According to the table for the report, the figure in 2024 averaged…
The Niger State Government says it will provide incentives that will crash prices of food items during the Ramadan season. Gov. Mohammed Umaru-Bago disclosed this on Wednesday when he received a delegation from the Gates Foundation on a courtesy visit to the Government House. Minna. The governor said the move is to ensure that foodstuffs…
The Shell Nigeria Exploration and Production Company Ltd. (SNEPCo) says Nigeria’s target of over 2.4 million barrels per day can be met, if ongoing reforms are sustained. Ronald Adams, the Managing Director, SNEPCo, made this known in a statement signed by Mrs Gladys Afam-Anadu, Media Relations Manager of the energy firm, on Wednesday. According to…
