A total of 42 microfinance banks have lost their operating licenses after an action taken by the Central Bank of Nigeria to revoke them. This was made known in an announcement on the Nigeria Deposit Insurance Corporation (NDIC) website. The header titled ‘Notice of closure of 42 microfinance banks’ had reeled out the list of…
The President, Muhammadu Buhari has approved the reopening of four major land borders in Nigeria. Zainab Ahmed – the Minister of Finance had announced the reopening of these borders, after the Federal Executive Council (FEC) meeting which held on Wednesday. The borders which are Seme in the south-west part of the country, Ilela in the…
The Federal Government of Nigeria has suspended the issuance of licences for the operation of free trade zones (FTZs) across the country. The Minister of Industry, Trade and Investment, Niyi Adebayo revealed the development during the inauguration of the panel set up to evaluate the performance of Free Trade Zones; which was held on Monday.…
The Federal Government has disclosed that Nigerians can now convert their cars using petrol to gas, which is cheaper compare to petroleum, starting from October, 2020. The Minister of State for Petroleum Resources, Timipre Sylva, disclosed this during a press briefing with newsmen in Abuja on Thursday, September 11, 2020. Sylva said, “To give it…
Tim Draper a Billionaire and venture capitalist has praised bitcoin cash after purchasing the coin. Emphasizing the ease of use as well as buying it, by doing so his followers will be encourage to do the same. Draper’s endorsement comes as the Bitcoin Cash (BCH) community braces for a fork instigated by Bitcoin ABC’s infrastructure…
For the gas sector in Nigeria the Central Bank of Nigeria has finally set N10 billion as the maximum loan an obligor can access under its N250bn intervention fund. In the new guide line tilted ‘Framework for the implementation of an intervention facility for the national gas expansion programme’ the apex bank disclosed this. READ:…
Fola Fagbule, Senior VP and Head Advisory at Africa Finance Corporation said this amazing opportunity for Nigerians and what he said is this “investment and legitimate export trade is a feasible way out of Nigeria’s economic burdens which could move Nigeria as a country away from crude oil dependence”. READ: Amaechi believes Chinese loan probes…
The united kingdwom in there recent updates for travel advice presented some flexibility into there policies for international students applying for student visa due to the current global restriction as a resultant effect of the corona virus pandemic. The immigration and visa office said students who cannot travel to the UK due to the pandemic…
The Four compnies that have been given immediate approval by CBN to imports 262,000 tons of maize into Nigeria has been confirmed by the Nigeria Custims Service. The four companies are Chi farms Limited, Crown Flour Mills Limited, Wacot Limited and Premier Feeds Company Limited. This was annouced in a memo with reference number: NCS/T&T/I&E/021/S.93/VOL…
President Muhammadu Buhari says the Federal government will make 30,000 tons of maize available from the national reserves to animal feed producers to deal with the high cost of poultry production after the ban on importation of maize. This was revealed by the statement he made on his official Twitter handle.“To ease the current high…
The UAE’s Abu Dhabi National Oil Co (ADNOC) has told its customers in Asia that it has sufficient supplies of crude oil as demand begins to return, according to S&P Global Platts on Monday. The announcement came late last week, Platts reported citing market sources. Asian market participants said that ADNOC’s statement gave the Gulf…
Facebook announces: Regardless of how the COVID-19 pandemic plays out in the coming weeks and months, it has already been brutal for small businesses, with some forced to close for public safety, while others are taking a big hit in both revenue and access to credit. So Facebook announced today that it’s creating a $100 million grant program for small businesses.…
Facebook and Instagram: Starting today, you’ll be able to browse and buy products directly from a business’ Facebook Page or Instagram profile. Both Facebook and Instagram already supported a degree of e-commerce — for example, Facebook has its Marketplace and will likely make a bigger push through its Libra cryptocurrency initiative, while Instagram allows users to buy products featured in posts and ads. But…