6 h. ago CBN Denies Purported Introduction Of N5,000, N10,000 Banknotes

The Central Bank of Nigeria has denied a viral claim circulating on social media, saying that it has introduced two new denomination, N5,000 and N10,000 notes. In a statement on Thursday, CBN described the report as fake. The purported Whatsapp message quoted one Deputy CBN Governor, Ibrahim Tahir Jr., saying that the move is aimed […] The post CBN Denies Purported Introduction Of N5,000, N10,000 Banknotes appeared first on Information Nigeria.

Politics

44 h. ago Foreign Reserve Hits $23bn, Highest In Over Three Years — CBN

Central Bank of Nigeria has announced the highest Net Foreign Exchange Reserve (NFER) position as of the end of 2024. In a statement by CBN on Tuesday, the report marked an increase from $3.99 billion at year-end 2023, $8.19 billion in 2022, and $14.59 billion in 2021. The growth in reserves reflects a combination of […] The post Foreign Reserve Hits $23bn, Highest In Over Three Years — CBN appeared first on Information Nigeria.

Politics

3 d. ago Electricity consumption up, production growth down in Q4 – CBN report

The Nigerian electricity sector slowed in the fourth quarter of 2024, with the electricity production index declining by 1.64% year-on-year. Data from the Central Bank of Nigeria says this marks a reversal from the 5.55% growth recorded in the third quarter of 2024 (Q3 2024). Average estimated electricity generation, according to a Channels TV report Read More

Politics

4 d. ago Nigeria secures ¥12bn loan from Japan to enhance food production

From Okwe Obi, Abuja The Federal Government has secured a 12 billion Japanese Yen loan through the Japan International Cooperation Agency (JICA) to boost food production under the National Agricultural Growth Scheme and Agro-Pocket (NAGS-AP). Minister of Agriculture and Food Security Abubakar Kyari, in a statement at the weekend by the Chief Information Officer, Eremah […] The post Nigeria secures ¥12bn loan from Japan to enhance food production appeared first on The Sun Nigeria.

Politics

5 d. ago Firm Reinforces Commitment To Expand Financial Access For SMEs

Sage Grey Finance Limited and its sister company, Sage Grey Technologies, have reaffirmed their commitment to driving financial inclusion, SME growth and technological innovation through strategic partnerships and product development. At a press briefing held in Lagos, the executives detailed their ongoing efforts to expand financial access for SMEs, drive technological advancements, and contribute to […]

Politics

1 week ago Govt aid to farmers vital for food security, economic growth –Ojone Farms CEO

By Ogechi Ogbochukwu The need to unlock the full potential of  the agricultural sector in sustainable food production as well as impact economic growth has been highlighted by a stakeholder in the sector. The Chief Executive Officer of Ojone Farms, Mr. Ojone Shaibu, a Lagos-based hatchery farmer, made this known in a recent chat with […] The post Govt aid to farmers vital for food security, economic growth –Ojone Farms CEO appeared first on The Sun Nigeria.

Society

2 w. ago FG’s creative partnership paves way for investors, content creators to explore — Minister

Tribune Online FG’s creative partnership paves way for investors, content creators to explore — Minister The Minister noted that under her leadership, the Ministry has already forged strategic partnerships that will drive growth, enhance cultural diplomacy, and boost gross domestic product (GDP) contribution from the Ministry to the nation’s economy. FG’s creative partnership paves way for investors, content creators to explore — Minister Tribune Online

Politics

3 w. ago Nigeria sees higher oil production doubling GDP growth in 2025

Nigeria aims to double its economy in 2025 buoyed by increased oil production and more involvement of the private sector read more Nigeria sees higher oil production doubling GDP growth in 2025

Politics

3 w. ago Pharmacists blame FG policies for poor local drug production

Pharmacists have identified weak government policies on the pharmaceutical sector as major factors hindering the growth of local drug production and the availability of affordable drugs to Nigerians. They also linked the challenge to the proliferation of fake drugs in the country and its attendant health consequences. According to them, the economic hardship is forcing Read More

Politics