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The Miners Affiliation of Nigeria has known as on the Nigerian Authorities to test the actions of Chinese language miners “scavenging” for Lithium. This was disclosed by Mr Dele Ayanleke, the Nationwide Secretary of the affiliation in an interview with the Information Company of Nigeria (NAN) on Wednesday in Abuja. Lithium is a mineral utilized […]

The Taliban has placed nationwide ban on cryptocurrencies and has begun arresting Afghans who defied the ban. Head of criminal investigations at the police headquarters in Herat, Sayed Shah Saadaat, disclosed to Bloomberg that Afghanistan’s central bank imposed a nationwide ban this month.  “The central bank gave us an order to stop all money changers, […]

The House of Representatives’ Committee on Finance has dismissed representatives of the Transmission Company of Nigeria over their failure to answer critical questions concerning a take-or-pay agreement with a power Generation Company, Azura Power West Africa Limited, forcing the country to pay the firm $33m monthly whether it supplies power or not. The committee, at […]

The exchange rate between the naira and the US dollar closed at N429.43/$1 at the official foreign exchange market. According to Nairametrics, the exchange rate dipped slightly to close at N429.43/$1 compared to N429.05/$1 recorded on Friday 19th August, 2022, representing a 0.09% depreciation. Meanwhile, forex supply surged by 222.3% to $161.94 million from 50.22 […]

The Nigerian Communications Commission (NCC) has issued a 5-month extension to Mafab Communications for the rollout of its 5G service. Mafab, a new player in the Nigerian telecommunications sector that won the 5G spectrum license alongside MTN in December last year, now has until January 2023 to launch 5G. Going by the conditions of the […]

The Federal Government has announced that it has successfully completed the takeover of struggling distribution companies, including Kaduna, Kano, Ibadan and Port Harcourt DISCOs This was announced by the Director-General of the Bureau of Public Enterprise, Mr Alex Okoh while briefing the National Council on Privatisation (NCP) chaired by Vice President Yemi Osinbajo on the […]

Alhaji Muazu Sambo, Minister of Transportation, has said that the Lekki Deep-Sea Port project would create 112,000 jobs for Nigerians upon its completion. Sambo gave the declaration on Sunday while speaking to newsmen in Jalingo. He said that the port, which was second in Nigeria after Onne Deep-Sea Port, has the potential to garner more […]

The federal government has barred all mobile network operators, telecoms service providers and digital payment systems providers in Nigeria from rendering services to unregistered online lenders in Nigeria. According to THISDAY, the restrictive order was announced yesterday by the Executive Vice Chairman/Chief Executive Officer of the Federal Competition and Consumer Protection Commission (FCCPC) Mr.  Babatunde […]

Construction giant Julius Berger Nigeria Plc will commission a cashew processing plant in Lagos next month, according to a statement by the firm seen by PREMIUM TIMES, the latest phase in its push to branch out into the agro-processing. According to Premium Times, the unveiling was earlier scheduled for the second quarter of this year, […]

The Nigeria Governors Forum (NGF) has disagreed with Abubakar Malami, the Attorney-General of the Federation and Minister of Justice on the payment of consultants for the Paris Club refund, calling such payments illegal. The NGF revealed this in a statement by its chairman, Gov. Kayode Fayemi, to State House correspondents on Wednesday after its meeting […]


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