CBN CLARIFIES NO DEADLINE FOR CIRCULATION OF OLD NOTES
The Central Bank of Nigeria (CBN) has clarified that there is no deadline for the circulation of old Naira notes, dispelling rumors that the N200, N500, and N1,000 banknotes will cease to be legal tender by December 31, 2024.
FEDERAL GOVERNMENT SAYS GAS PRODUCTION NEARS 12 BILLION CUBIC FEET
Gas production in Nigeria is growing from 7.5 billion cubic feet per day and is inching to 12 bcf per day, the Federal Government has said.
PRESIDENTIAL AIDE ONANUGA SAYS NNPCL WILL GO BANKRUPT IF IT CONTINUES TO PAY PETROL PRICE DIFFERENTIAL
Presidential aide, Bayo Onanuga, says the Nigerian National Petroleum Company Limited (NNPCL) Limited admitted to having financial constraints because it can no longer subsidise petrol.
Viral Incident of Toddler Locked in Plane Toilet Sparks Debate in China
A controversial incident involving two women locking a crying toddler in an airplane toilet has ignited a heated debate in China about managing children in public spaces.
NPA and Belgium to Strengthen Seaport Efficiency
Nigerian Ports Authority (NPA) and the Kingdom of Belgium have committed to strengthening bilateral ties to enhance efficiency at Nigeria’s seaports and boost international trade volumes between the two nations. This commitment was made during a meeting between NPA Managing Director, Abubakar Dantsoho, and the Belgian Ambassador to Nigeria, Pieter Leenknegt.
OANDO PLC COMPLETES 783 MILLION DOLLARS ACQUISITION OF NIGERIAN AGIP OIL COMPANY
Oando Plc has completed the acquisition of Eni’s subsidiary, Nigerian Agip Oil Company (NAOC), for 783 million dollars.
EAGLES OPEN TRAINING CAMP SEPTEMBER 1
The Super Eagles are expected to resume camping in Uyo on September 1 ahead of their 2025 AFCON qualifiers against Benin and Rwanda
AUSTRALIA SET TO INVEST $570 MILLION IN DOMESTIC MISSILE PRODUCTION
Australia unveiled a $570m deal to build missiles domestically.
FEDERAL GOVERNMENT PLANS FRESH 100 BILLION INVESTMENTS TO CURB ECONOMIC CRISIS
The Federal Government is planning to invest $100bn annually to tackle the economic challenges in Nigeria, the Minister of Budget and Economic Planning, Atiku Bagudu, declared on Wednesday.
LAWMAKERS WANT CBN TO BOOST EXTERNAL RESERVES WITH GOLD
Senators are proposing to increase the powers of the Central Bank of Nigeria to enable it to use gold to strengthen the country’s reserves.