…Orders Banks to Prioritize ATM Cash Disbursement Korede Abdullah in Lagos The Central Bank of Nigeria (CBN) has issued a directive to banks, prioritizing cash disbursement through automated teller machines (ATMs) to ensure efficient and responsible cash distribution to the public. “For the avoidance of doubt, it should be noted that DMBs to whom cash…
A report by the National Bureau of Statistics (NBS), has shown that Nigeria’s inflation rate rose sharply to 33.88% in October 2024, compared to 32.70% in September. This 1.18 percentage point increase within a month highlight growing economic challenges for millions of Nigerians. The report, released on Friday via the NBS website, highlighted that year-over-year…
The University College Hospital (UCH), Ibadan has been grappling with persistent power outages for over two weeks due to an unpaid electricity bill, estimated at N400 million. The disconnection by the Ibadan Electricity Distribution Company (IBEDC) on October 26 has severely disrupted hospital operations. In a statement released on social media, UCH management confirmed the…
The Nigerian government has proposed a total expenditure of N47.9 trillion for the 2025 budget, aiming for key economic growth targets. Minister of Budget and Economic Planning, Atiku Bagudu made the announcement on Thursday following the Federal Executive Council (FEC) meeting led by President Bola Tinubu in Abuja. “The approval is part of the Medium…
In a significant push toward revitalizing Nigeria’s oil production, the Nigerian National Petroleum Company Limited (NNPC Ltd.) has ramped up crude output to 1.8 million barrels per day (mbpd) as of November, with an ambitious goal to reach 2 million barrels by the end of the year. This milestone comes after concerted efforts by NNPC’s…
The Federal Government has revealed plans to position Nigeria as a player in the global aquaculture and fisheries sector through the adoption of science-based management measures and the implementation of best practices. This commitment was outlined by the Minister of Marine and Blue Economy, Adegboyega Oyetola, at the National Fishery and Aquaculture Policy validation workshop…
The National Drug Law Enforcement Agency (NDLEA) and the National Agency for Food and Drug Administration and Control (NAFDAC) have signed a Memorandum of Understanding (MoU) to combat drug abuse and counterfeit products in Nigeria. The Chairman and Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd), in a statement signed by the…
The Federal Government has set in motion a strategic plan to reclaim Nigeria’s Category ‘C’ seat on the International Maritime Organization (IMO) Council, ahead of the elections slated for November/December 2024. According to a statement sent to Africa Health Report (AHR) on Wednesday by the FMM&BE head of Press and Public Relations Muhammad Tahir Zakari…
Mele Kyari, Group CEO of NNPC Ltd., has reiterated the company’s commitment to resolving Nigeria’s energy debacle, ensuring energy security, sustainable growth, and energy affordability. Kyari made this announcement in a press release on Monday, while speaking at the 42nd Nigeria Association of Petroleum Explorationists Annual International Conference, Kyari outlined NNPC’s vision for Nigeria’s energy…
Korede Abdullah in Lagos The 2024 Lagos International Trade Fair came to a close Saturday, with Managing Director and Trade Commissioner of Japan External Trade Organization (JETRO), Tokashi Oku, highlighting the achievements made despite a decrease in participants. Oku noted that some Japanese firms have engaged with Nigerian companies to create business opportunities, demonstrating the…
