The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMB) to provide bank gurantees to Nigeria Bulk Electricity Trading (NBET) and Transmission Company of Nigeria (TCN) on behalf of Distribution Companies (DISCos). The CBN gave the directive in a letter written to DMBs obtained by the News Agency of Nigeria (NAN) in Abuja […]
Politics
politics
Zamfara to begin gold refining in 3 Months, halts illegal mining
Zamfara State said it has acquired equipment for gold mining that will turn the state into a hub of gold business in Nigeria within the next three months. Already, a state of the art gold refinery equipment has been mounted in Baka Lori Dam, with more refining facilities coming before the end of 2020, on […]
Coca-Cola drives partnerships towards plastic waste reduction by creating green recycling hubs across Abuja and Lagos
Coca-Cola, through its philanthropic arm, The Coca-Cola Foundation (TCCF) has recently provided a grant to the Initiative For The Advancement of Waste Management in Africa (W.A.S.T.E AFRICA), a non-governmental organisation, to promote waste as a valuable currency for social good and economic inclusion through the establishment of green recycling hubs across Abuja.
Nigeria suffers highest inflation rate since March 2018
Nigeria’s inflation rate grew to 12.82% (year-on-year) in July, compared to 12.56% recorded in June 2020, the statistics office said on Monday. The National Bureau of Statistics report shows that July Consumer Price Index rose by about 0.26 percent points higher than the 12.56 per cent recorded in June, indicating the highest rate since March […]
36.4 million Nigerian students affected by school closures
…experts call for investments in infrastructure to aid virtual learning In Nigeria, 36.4 million primary and secondary school children have been out of school on the back of the Coronavirus pandemic, which caused havoc globally since its influx into the ecosystem. In all, 73.8 percent of the world’s school population were affected by school closures […]