
Victor Enengedi
754 articles published since 04 Oct 2022
754 articles published since 04 Oct 2022
Obi Cubana has launched tricycles powered by Compressed Natural Gas (CNG) through his company, Enviable Transport, in collaboration with DAG Bajaj Auto Nigeria.
The federal government of Nigeria is set to distribute more than 2,000 CNG-powered tricycles as part of efforts to empower young people in Nigeria.
Nigerian commercial and merchant banks terminated 23.3 million customer accounts in July 2024, according to data from the Nigerian Interbank Settlement System.
The naira depreciated to N1,700 per dollar at the parallel section of the foreign exchange (FX) market on Friday, signaling continued woes for the Nigerian currency.
The CBN governor, Olayemi Cardoso, has reassured investors and Nigerians of the banking sector's robustness and stability amid economic headwinds.
The Central Bank of Nigeria (CBN) has announced plans to inject N1.4 trillion into the banking system over the next three months to improve cash flow.
The CBN's Monetary Policy Committee (MPC) has increased the monetary policy rate (MPR), which sets the benchmark for interest rates, from 26.75% to 27.25%.
The Presidential Initiative on CNG has begun distributing 1,000 vehicle conversion kits in various states to help alleviate the effects of the fuel subsidy removal.
Rising complaints over the accessibility of the federal government's N40,000 subsidised rice program have started to emerge from every part of the country.
Victor Enengedi
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