The Governor of the Central Bank of Nigeria, Godwin Emefiele, has announced that the President will on Wednesday unveil the newly designed naira notes. Emefiele disclosed this in Abuja during the Monetary Policy Committee monthly meeting on Tuesday. The newly designed naira notes to be unveiled are N1,000, N500 and …

President Muhammadu Buhari on Tuesday inaugurated the commercial production of crude oil and gas from the Kolmani Integrated Development Project. Located along the fields of Gombe and Bauchi, the Kolmani project, with Oil Prospecting Licence 809 and 810, lies in the Gongola Basin of the Upper Benue Trough, straddling the …

The Vice President, Yemi Osinbajo, on Monday in Ottawa, the Canadian capital, said although a few citizens dent the country’s reputation abroad, the vast majority of Nigerians are honest, hardworking and straightforward people who are making positive impact globally. “The vast majority of Nigerians all over the place are honest, …

The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 15.1 percent to 16.5 percent to tame rising inflation. Last week, Nigeria’s inflation rate reached a five-year high at 21.09 percent amid soaring food prices. The monetary policy …

A Federal High Court, Abuja, on Tuesday, ordered the Independent National Electoral Commission to immediately resume the Continuous Voters Registration until 90 days before the 2023 general elections. Justice Inyang Ekwo, in the judgment, also directed INEC to ensure that eligible Nigerians were not deprived the opportunity to have their …

No fewer than 17 passengers were killed in a fatal road crash in the early hours of Tuesday along the Kwali-Abaji expressway, within the Federal Capital Territory. The road crash also injured four passengers, leaving one uninjured. According a statement signed by the Federal Road Safety Corps Spokesperson, Bisi Kazeem …

The African Union Commission (AUC) and the African Development Bank have signed a grant agreement to implement Phase 1 of the Upstream Project for Digital Market Development in Africa. The signing ceremony took place on November 17 at AUC Headquarters in Addis Ababa, Ethiopia. The AUC Commissioner for Economic Development, …

The crisis rocking the Ogun State chapter of the Peoples Democratic Party deepened on Monday with the Supreme Court dismissing an appeal filed before it on the nomination of the party’s governorship candidate. The Apex Court consequently ordered that the suit instituted by a governorship aspirant, Jimi Lawal, be remitted …

Kenya is set to benefit from a US$3 billion Country Programme from African Export-Import Bank (Afreximbank).  This was announced during a meeting between Kenya’s President, His Excellency Dr William Ruto, and Professor Benedict Okey Oramah, President and Chairman of the Board of Directors of Afreximbank. During the meeting held at …

The Secretary-General of the International Maritime Organisation, Kitack Lim,  has described Nigeria as a very important country not only to Africa but to the global economy. This is contained in a statement signed by the Assistant Director, Public Relations, Nigerian Maritime Administration and Safety Agency, Osagie Edward, in Lagos, and …