The National Agency for Science and Engineering Infrastructure (NASENI) has announced its first-ever investment in Powerstove, a pioneering Nigerian company specializing in the production of cookstoves and carbon credit projects. A statement by Mr. Olusegun Ayeoyenikan, Director of Information, reveals that this strategic investment marks a significant milestone in NASENI’s […]
press statement
As the world marks the 2024 World Day for Cultural Diversity for Dialogue and Development, also known as World Culture Day, Otunba Biodun Ajiboye, Executive Secretary/CEO of the National Institute for Cultural Orientation (NICO), has called for Nigerians to prioritize culture in the nation’s developmental processes. In a statement issued […]
The National Information Technology Development Agency (NITDA) is intensifying efforts to transform Nigeria into a global hub of technology and innovation by extending digital technology benefits to all local governments across the country. This initiative aligns with the current administration’s priority to reform the economy and promote inclusive growth. According […]
The Central Bank of Nigeria (CBN) has rescinded its directive to banks and other financial institutions to impose a cybersecurity levy on electronic transfers. Initially issued on May 6, the directive required commercial, merchant, non-interest, and payment service banks, as well as mobile money operators and payment service providers, […]
The Tinubu-led administration has inaugurated the Nigerian Academy for Cultural Studies (NACUS), a specialized institution aimed at fostering innovative studies and the development of Nigeria’s culture and history. A statement released by Caleb Nor, Media Assistant to Executive Secretary/CEO NICO says the academy, accredited by the National Board for Technical […]
The Central Bank of Nigeria (CBN) has instructed banks to cease charging customers for cash deposits until September 30, 2024. Concerns were raised by customers of some Deposit Money Banks regarding the imposition of processing fees for cash deposits starting May 1. These banks had planned to levy two percent […]
The Nigeria Labour Congress (NLC) strongly denounces the recent directive issued by the Central Bank of Nigeria (CBN) to impose a 0.005 percent Cybersecurity Levy on electronic transfers. This levy, set to be deducted at transaction origination, adds yet another burden to the already strained finances of hardworking Nigerians. The […]
The Federal Government has announced a significant increase in electricity tariffs, approved by the Nigeria Electricity Regulatory Commission (NERC). The new tariff, set at ₦225 per kilowatt-hour, marks a threefold increase from the previous rate of ₦66 for customers under the Band A category. Read Also: Federal Government Girls’ College (FGGC) […]
The Association of Licensed Telecoms Operators of Nigeria (ALTON) has announced that some subscribers of the network will be experiencing challenges accessing data services as well as low Internet speed as a result of multiple damage to the international undersea cable across east and west africa coastline. In a statement […]
In response to recent revelations uncovered during a comprehensive investigation into the financial activities of the Rural Electrification Agency (REA), President Bola Tinubu has taken decisive action by approving the indefinite suspension of the Managing Director/CEO of the Rural Electrification Agency (REA), Ahmad Salihijo Ahmad, along with three Executive Directors […]