The Central Bank of Nigeria (CBN), has asked Nigerians to embrace the electronic currency, eNaira, as it is a legal tender representing the naira. Mohammed Musa, a Deputy Director in the apex bank, stated this on Thursday in Kaduna at a sensitisation campaign of traders on the use of the electronic currency. He said the electronic…
The Nigeria National Petroleum Company (NNPC ) Limited is partnering with stakeholders to enhance the accessibility and affordability of liquified petroleum gas (LPG) in Nigeria. The Group Chief Executive Officer of the NNPC, Mele Kyari, disclosed this on Wednesday at the WLGPA India-Nigeria LPG summit in Abuja. The summit, themed, ‘Energising the future: leveraging the…
The House of Representatives has passed for second reading, a bill seeking to establish an Entrepreneurship Development Bank of Nigeria, aimed at providing soft loans for small and medium-scale enterprises in the country. The consolidated bill was jointly sponsored by Messrs Benjamin Kalu and Olalekan Afolabi The legislation is titled ‘A Bill for an Act…
Tomato Jos Farming and Processing Limited, at the weekend in Kaduna, launched its much-anticipated Tomato Jos paste variant into the Nigerian market. Speaking at the event which held at the weekend in Kaduna, the Managing Director of the company, Mira Mehta described the introduction of the product into the Nigerian market as “a dream come…
The Nigerian Deposit Insurance Corporation (NDIC) has said that it has sufficient funds to pay depositors whose monies were trapped in 23 distressed banks across the country. The Managing Director of the NDIC, Bello Hassan, disclosed this in an address on Thursday at the “NDIC Day” at the ongoing 43rd Kaduna International Trade Fair. Represented…
In the past six months, Nigerians have witnessed an uncontrolled increase in the price of cement, a key material in the construction industry. TEMILOLUWA O’PETERS writes on the impact on building projects Mid-April 2020, Mr Idowu Adesina, an accountant, started the expansion of his family house to a two-storey building. Trying to take advantage of…
