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Category: Economy

Business Economy headline

Hunger Alleviation: Dangote’s over 1 million rice gets to 17 states  

Iheanyi Ejiofor April 2, 2024 No Comments #Dangote#Hunger alleviation#rice

So far, 17 states have received their shares of the over 1 million 10kg rice, being distributed by the Aliko Dangote Foundation (ADF), across the 774 local governments in Nigeria…

Read More Hunger Alleviation: Dangote’s over 1 million rice gets to 17 states  
Business Economy headline

World Backup Day: NITDA urges Nigerians to ensure backup of data

Iheanyi Ejiofor April 1, 2024 No Comments #Data#NITDA#World backup day

The National Information Technology Development Agency (NITDA) has advised Nigerians to prioritise data backup to avoid information loss in commemoration of World Backup Day. Hadiza Umar, the agency’s spokeswoman, gave…

Read More World Backup Day: NITDA urges Nigerians to ensure backup of data
Business Economy headline

Nigeria’s economy records over $1.5bn inflow – CBN

Iheanyi Ejiofor March 30, 2024 No Comments #CBN#Forex inflow

Our reporter/ The Central Bank of Nigeria on Friday said the Nigerian economy had an inflow of over $1.5bn in the past few days, a development it says indicates its…

Read More Nigeria’s economy records over $1.5bn inflow – CBN
Business Economy headline

Nationwide blackout as national grid collapses again

Iheanyi Ejiofor March 29, 2024 No Comments #Blackout#national grid

Our reporter/ Electricity distribution companies (DisCos) have pleaded for understanding from their customers as the country plunged into another blackout due to grid collapse – the second time this year.…

Read More Nationwide blackout as national grid collapses again
Business Economy headline

CBN pegs minimum capital base for Banks at ₦500bn

Iheanyi Ejiofor March 29, 2024 No Comments #Bank recapitalisation#CBN

Our reporter/ The Central Bank of Nigeria (CBN) on Thursday unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at ₦500…

Read More CBN pegs minimum capital base for Banks at ₦500bn

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