Canada To Donate Excess Covid Vaccine To Poorer Countries
Canada, which has placed orders and options on more than 400 million doses of coronavirus vaccine, will share any excess doses with poorer countries once its population is inoculated, Prime…
FIRS Predicts Lower Oil tax Receipts For 2020
The Federal Inland Revenue Service (FIRS) has predicted that tax revenue from the sale of crude oil will be far less than what was realized in 2019. Executive Chairman of…
Diaspora Remittances: CBN Threatens To Sanction Operators Paying Local Currency
By Our Business Editor The Central Bank of Nigeria has warned operators against paying recipients of diaspora remittances in local currency. It warned that violators could lose their operational licences…
Nigeria’s External Reserve Slips to 8-Month Low
By Our Business correspondent Nigeria’s foreign reserves plummeted further at $34.85 billion on December 14, as the Central Bank of Nigeria (CBN) continues its interventions across the various foreign exchange…
BREAKING: Nigeria’s Inflation Rate Hits 14.89% in November -NBS
The consumer price index which measures inflation increased by 14.89 per cent (year-on-year) in November 2020. The National Bureau of Statistics disclosed in its Consumer Price Index November 2020 report…
World Bank Okays $1.5bn Loan For Nigeria
By Lukman Amusa The World Bank has approved Nigeria’s request for a $1.5 billion loan. In a statement on Tuesday, the Bretton Wood institution said the facility is a five-year…
Econet Begins Construction f $100m Data Centre In Lagos
The Founder, Econet Global and owner of Liquid Telecom, Strive Masiyiwa, says work has commenced on a new data centre facility in Lagos valued at $100m. Masiyiwa said the data…
Nigeria Needs More Currency Reform To Access $1.5bn Loan, Says World Bank Director
Shubham Chaudhuri, World Bank country director for Nigeria, says Nigeria needs more monetary reform in order to access $1.5 billion loan. In November, the naira weakened at N500 to the…
CBN Reveals Categorisation For Payment System
By Agency Report The Central Bank of Nigeria (CBN), in line with its commitment to promote a strong and credible payment system, has approved new license categorisations for the payments…
FG Reveals The Reduction Of Data Price
By Precious Fewemi The Federal government said on Thursday that the price of data has been reduced by more than 50 percent following a directive that the Nigerian Communications commission,…
