Nigeria has improved on its global ranking in cyber security, the Minister of Communications and Digital Economy, Prof. Isa Pantami, has said.Mr Pantami made this known on the sideline of the Stakeholder’s Consultative Forum on Emerging Technologies organised by Nigeria Communication Commission, NCC,...
Borrowing through Ways and Means Advances from the Central Bank of Nigeria (CBN) by the federal government has risen from N17.46 trillion as of December 2021 to N19.01tn as of April 2022, according to data from the apex bank.The figure represents an increase...
Nigeria Deposit Insurance Corporation (NDIC) has stated that the banking sector is now immunized to withstand shocks that may impact the economy and the financial system.Mr Bello Hassan, Managing Director of NDIC stated this at a retreat for members of the Senate Committee...
African Export Import Bank (Afreximbank) has announced the disbursement of a $150 million finance facility to First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider.The funding was provided under Afreximbank’s Pandemic Trade Impact Mitigation Facility (PATIMFA).
President Muhammadu Buhari Friday in Abuja inaugurated the Presidential Council on Digital Economy and E-government, promising that his administration will continue to take advantage of digital technologies to transform every sector of the economy.The president directed the Minister of Communications and Digital Economy,...
With COVID-19, a major threat to air travel and economic growth, Nigeria may spend over $1.5 billion on international travel in 2022, THISDAY investigations has revealed.In 2021, Nigeria spent about $1 billion on international travel despite and COVID-19 pandemic, which had negative impact...
Last Friday, bee farmers celebrated the World Bee Day with a reflection on the many challenges confronting the honey value chain potentials in Nigeria.Currently, a litre of honey in Nigeria sells between N3,000 and N4,000, whereas a litre of petrol (premium motor spirit)...
As part of its contribution to address the scourge of unemployment in the country, the National Agricultural Mechanization Cooperative of Nigeria, NAMCON, is set to create Nigeria agro extension service centres in 528 local government areas across 36 states of the federation and the Federal Capital Territory,...
A new World Bank Report titled: ‘Stagflation risk rises amid sharp slowdown in growth’, has predicted production challenges in Nigeria’s oil sector will persist and affect growth.The report released in Washington DC on Tuesday said the country’s growth is projected to edge up...
Capt. Rabiu Yadudu, the Managing Director, Federal Airports Authority of Nigeria (FAAN), in this interview with OLUSEGUN KOIKI, speaks on various issues on the Nigerian aviation industry, including the challenge of sunset airports in Nigeria. Excerpts:There has been agitation for Nigerian airports to...