Business

Ecologistics partners Zoetic Global, Tesla Carbon Bank to facilitate growth of African Carbon Market At the FESTAC Africa 2023, Ecologistics Integrated Services announced the company has signed a Memo of Understanding with Zoetic Global and Tesla Carbon Bank, a voluntary carbon credit program, to facilitate the growth of Africa’s carbon market. FESTAC AFRICA is a […]

Naira value drops  to N664.04/$ at official market as CBN liberalizes market By Eyo Nsima The Naira lost almost half of its value in the official market as the exchange rate in the Investors and Exporters, I&E window rose to   N664.04 per dollar from N471.67 per dollar on Tuesday, following the adoption of new

The Central Bank of Nigeria (CBN) has announced the unification of all segments of the forex market collapsing all windows into one. This was part of a series of immediate changes to operations in the Nigerian Foreign Exchange (FX) Market, in a bid to improve liquidity and stability. In a statement signed by the Director

CPPE LAUDS THE UNIFICATION OF EXCHANGE RATE The Centre for the Promotion of Private Enterprise [CPPE] welcomes the bold step taken by the Tinubu administration towards the unification of the naira exchange rate. The liberalization of the foreign exchange market would unlock the huge potentials for investment, jobs and capital flows.  Investors’ confidence would be

Nigeria’s Telecom Access Gaps Drop by 53% The number of identified areas of clusters across Nigeria without access to the telecommunications services has been reduced by 53.1 per cent as at the end of 2022. The Executive Vice Chairman and Chief Executive Officer of the Commission, Prof. Umar Garba Danbatta, disclosed this at a recent

PREMIUM TIMES Books Unveils New Title on Cyber Politics, Nigerian Elections Premium Times Books, the book publishing arm of the Premium Times Group, has released a new book, Cyber Politics: Social Media, Social Demography and Voting Behaviour in Nigeria. The book, written by Omoniyi P. Ibietan, is officially making its way to physical and online bookshop

Democracy Day : What is the Nigerian Dream? By Godman Akinlabi A few years ago, I saw a post on the popular social networking site Twitter asking Nigerians what the “Nigerian Dream” means to them. Curious, I checked the comments to see what Nigerians consider the Nigerian Dream. Most respondents said the Nigerian Dream is

Arla Foods (www.Arla.com), maker of Dano Milk, has inaugurated its state-of-the-art dairy farm in Kaduna as part of the company’s efforts to ensure sustainable milk production in Nigeria. The farm located in Damau village, Kubau Local Government Area, Kaduna State, was inaugurated on Thursday, May 25, 2023, by the Executive Governor of Kaduna State, Mallam

By Our Correspondent Russia has concluded plans to export natural gas through the North Sea Route, connecting the Arctic to Asia starting in 2024, according to FleetMon. It stated: “This venture is being planned by Russia’s state nuclear energy corporation, Rosatom, and its largest natural gas producer, Novatek. The opening of this new trade route