The Bank ultimately awarded N1.3 trillion in T-Bills at an interest rate of 21.49 percent. These funds will be used by the CBN to intervene in the forex market, buying dollars and selling Naira.
Author: Abdoulaye Kay
ASHENEWS reports that the Kano State Governor, Abba Kabir Yusuf on Friday, empowered 1,000 female farmers with agricultural inputs, including fertilizer, rice and maize seeds, goats, and water pumping machines for irrigation farming. The women farmers, according to a statement by the spokesperson to the governor, Sanusi Bature Dawakin Tofa on Friday, were chosen from neighbouring communities of the renowned Falgore forest, to mitigate the impacts of climate change and enhance the livelihoods of the rural women farmers. The empowerment program for International Women’s Day 2024 was facilitated through the Kano State Agro-Climatic Resilience in Semi-Arid Landscapes Project (ACReSAL). ALSO…
In an industry dominated by men, especially in Nigeria, some women are leaving their footprints and reconstructing the oil and gas sector with innovative ideas and exemplary leadership. Here are women who are inspiring inclusion and breaking gender biases in the oil and gas sector. Catherine Uju Ifejika Catherine Ifejika is the chairman and chief executive officer of Britannia-U, an indigenous integrated company that provides subsurface engineering, exploration and production, and consulting services in the energy sector. After graduating from Ahmadu Bello University in Zaria, Kaduna State, with a law degree, she was admitted to the Nigerian Bar in 1986. ALSO READ [VIEWPOINT] COP28:…
The event, which held at the Chida Events Center in Abuja, Nigeria, is in commemoration of the International Women’s Day, with the theme: “Invest in Women: Accelerate Progress,” brought together agribusiness actors to honor influential women advocating for economic empowerment in the country.
Every one-in-three women has been beaten or assaulted in her lifetime, and this does not include online/internet violence, sexual harassment and other forms of violence against women. On average, more than 133 women or girls are killed every day by someone in their own family in what is otherwise known as ‘honour killing’. By Hawwah Gambo Rach year, 12 million girls under the age of 18 are married off without sufficient education, or skill or consent. Rape remains a widespread and underreported issue across the world, sex and labor trafficking remain rife, women and girls continue to be subjected to…
Terrorists on Thursday morning, kidnapped 100 Primary School, in Kuriga village of Chikun local government area of Kaduna state. Kuriga is located along Kaduna-Buruku-Udawa-Birnin Gwari Road. According to a resident of the area, the terrorists, who stormed the town in large numbers, also abducted the head teacher of the school as well as other staff. Penultimate Thursday, bandits invaded the Gonin-Gora the troubled same Chikun LGA, forcing residents to barricade the Kaduna-Abuja Expressway protesting the abduction of an unspecified number of people in the area. The residents had stormed the highway protesting and urging the government to do something about…
The Nigerian government has threatened it would revoke licenses of power Distribution Companies (DisCos) owing to the ongoing outrages across the country. The Minister of Power, Adebayo Adelabu issued the warning on Wednesday. “The purpose of this meeting is to discuss the worsening power supply in their respective regions and to collectively find lasting solutions,” “The ministry has been exerting pressure on the Generating Companies to enhance their performance, resulting in a recent increase in generation to over 4000MW. ALSO READ GenCos lose ₦27.14bn on 4,724.76MW stranded power “Despite this progress, certain distribution companies are failing to adequately distribute the…
The Electricity Distribution Companies (DisCos)’s unwillingness to offtake available 4,724.76MW power in January and February 2024, left the Generating Companies (GenCos) with a loss of ₦27.14 billion. According to data posted by the Association of Power Generation Companies (APGC), in January, while available power generation capacity was 6,444.05 Megawatts, actual average daily generation was 4,293.86MW, leaving 2,150.37MW of power stranded at a loss of N13.04 billion. In February, available power generation capacity was 6,384MW while actual average daily generation was 3,809.96MW leaving 2,574.39MW of capacity unutilized at a cost of N14.10 billion. ALSO READ Power: Minister summons DisCos, TCN over…
The military regimes in Mali, Burkina Faso and Niger Republic Niger, have agreed to set up a joint force to fight insurgents’ threats across their territories. Burkina Faso, Mali and Niger have recently blamed the Economic Community of West African States (ECOWAS)’s “deviation from its founding ideals” for their exit. The announcement sent shockwaves through the 15-member ECOWAS, with concerns about the potential for heightened political and economic instability in the already fragile Sahel region The Niger’s armed forces chief, Moussa Salaou in a televised statement on Wednesday after a meeting with his counterparts, said the joint force would be…
The Nigeria’s stock market has recently surge, courtesy of President Bola Tinubu-led Renewed Hope administration, that has projected a positive trend for the country’s economy, resulting from intentional wholesale economic reforms. Recently, Nigeria’s stock market jumped to the top position globally, surpassing even Argentina, further solidifying its status as a leading player in the global investment landscape. The performance of the stock market serves as a barometer of Nigeria’s economic health and its ability to attract investment, which bodes well for sustained growth and development in the long run. ALSO READ Why Nigeria’s stock market is undergoing positive trends -…