Thursday, July 09, 2020
Reps decry unending power sector crisis, failed privatisation
The House of Representatives has decried the perennial crisis in Nigeria’s power sector. They, at the beginning of a two-day investigative hearing on the Nigerian Power Sector in Abuja on Wednesday, also declared that various efforts by successive governments to resolve the issues had failed…Read more.
The naira resumed trading on the official market at 381 to the dollar after no quotes for two straight sessions, as the central bank unified the country’s multiple exchange rates, Reuters reported on Wednesday…Read more
Currency in circulation dropped to N2.29tn, says CBN
Currency in circulation dropped by N52.5bn from N2.35tn at the end of May to N2.29tn in June, the latest figures from the Central Bank of Nigeria showed on Wednesday.Recent figures showed that there was a steady rise in cash in circulation during the lockdown introduced.…Read more.
Electronic payment deals hit N50.3tn in five months
The value of transactions via the Nigeria Interbank Settlement System Instant payment system and on Point of Sales terminals across the country rose to N50.3tn from January to May this year…Read more.
Rotary plans N50 million loans for MSMEs to boost trade
About 40 Micro, Small & Medium Enterprises (MSMEs) will benefit from a N2 million facility each, offered by the Rotary District 9110, Nigeria, covering Lagos and Ogun states, respectively…Read more.
Nigeria strategizes to regulate bid rounds as 600 firms jostle for 57 marginal fields
The Federal Government, yesterday, said about 600 companies have applied to be pre-qualified for the ongoing bid rounds of 57 marginal oil fields…Read more.
Nigeria’s property title problems persist as 71% of landlords are without occupancy certificate
According to the 2018-2019 Nigeria Living Standards Survey (NLSS) report by the National Bureau of Statistics (NBS), 71.4 percent of landlords sampled across the 36 states and the Federal Capital Territory (FCT) are without titles…Read more.
The United Kingdom (UK) has nominated Dr. Liam Fox for the position of the Director General of the World Trade Organisation (WTO). According to the timetable announced by the Chair of the General Council, David Walker, the nomination period closed yesterday…Read more.
PACE, Stanbic IBTC Introduce HiFL Masterclass Series
PACE Sports and Entertainment Marketing, organisers of Higher Institutions Football League, has announced the introduction of the Masterclass Series as a part of efforts aimed at creating more opportunities for its stakeholders across board…Read more.
‘Technology, SMEs Key to Climate Change Adaptation’
Experts in sustainability and climate change have stressed the need for innovation as well as the full participation of SMEs in order to achieve low carbon and a resilient global economy….Read more.
Firm Offers N20m Scholarship to Varsity Students
HiiT, an information and communications technology (ICT) training service provider in Nigeria, will be offering scholarship worth N20 million to interested Nigerian students at the tertiary education level, designed to support students…Read more.
