Breaking News in Nigeria Today Wednesday 11th December 2024
Here are some of the Breaking News in Nigeria Today Wednesday 11th December 2024 on some of the nation newspapers .
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target=_blank>Bridging Trust And Capital: Banks’ Recapitalisation Dilemma
ShareAs Nigeria marches toward its goal of becoming a $1 trillion economy by 2030, the intricacies of banking recapitalisation and investor engagement have taken center stage. In a nation where the financial ecosystem is both the bedrock of economic ambitions and a crucible of challenges, the prolonged delay in share allotments by the Central Bank…
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target=_blank>SDGs: SystemSpecs Advocates Academia-Industry Alliances
ShareCollaboration between academia and industry is pivotal to advancing the Sustainable Development Goals (SDGs) across Africa, Tereigh Ozakpo, Head of Sales and Business Development at SystemSpecs Technology Services Limited (STSL) has said. Ozakpo made this statement while speaking at the Industrial Trust Fund & Trinity University Conference/Workshop 2024, held recently, at Drapers Hall, Institute of…
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target=_blank>AfDB Signs Agreement For $24m Equity Investment In BOAD
ShareThe African Development Bank Group (AfDB) has signed an agreement with the West African Development Bank (BOAD) for a $24 million equity investment that will enable the regional development bank to support businesses in member countries. According to a press release, Mr. Solomon Quaynor, African Development Bank Vice President for Private Sector, Infrastructure and Industrialisation,…
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target=_blank>Nigeria’s External Reserves’ll Sustain Upward Momentum– Analysts
ShareCiting a likely increase in foreign portfolio inflows, occasioned by the Central Bank of Nigeria’s (CBN) hawkish monetary policy stance, analysts at Cowry Asset Management Ltd have said they expect the country’s external reserves to continue to head north. The analysts, who stated this in a report released over the weekend, noted that the recent…
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target=_blank>CBN’s EFEMS Bolsters Naira As Speculators Retreat
ShareClearly, if analysts had known that the Electronic Foreign Exchange Matching System (EFEMS) for foreign exchange transactions launched by the Central Bank of Nigeria (CBN), last Monday, would have such an immediate impact on the value of the naira, they would have paid a lot more attention when the apex bank first announced in early…
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target=_blank>Non-Oil Export: Customs Processes 27,595 Containers In 11 Months
ShareNo fewer than 27, 595 containers laden with agricultural produce, goods, solid minerals among others have been processed for export by the Nigeria Customs Service (NCS) from the nation’s ports to various destinations this year. The non-oil exports were processed at the seaports and shipped out between January and November this year as Lilypond Export…
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target=_blank>Safety: Companies Plan 9% Increase In IT Security Budget
ShareCompanies are planning to increase their investments in information security against the background of growing financial losses from cyber incidents. This trend was revealed in the recent Kaspersky’s IT Security Economics report. Kaspersky IT Security Economics is an annual report that unpicks the changes in budgets, breaches and business challenges affecting IT Security decision makers….
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target=_blank>Foreign Liners Earn $9bn From Shipping Nigerian Oil, Others
ShareForeign shipping lines are earning $9 billion annually from the carriage of Nigeria petroleum products due to lack of ships by local operators. The amount is the money paid to transport the product to various destinations across the world. Findings revealed that between 2018 and 2023, the country paid $45 billion as freight charges. Also,…
The post Foreign Liners Earn $9bn From Shipping Nigerian Oil, Others appeared first on New Telegraph.
target=_blank>Govt Declares Unauthorised Installed Gates, Barriers Illegal
ShareThe Lagos State Ministry of Transportation, has said all gates and barriers installed within Lagos metropolis without prior authorisation were illegal and would be removed. The Commissioner for Transportation, Mr Oluwaseun Osiyemi, said this in a statement on Monday in Lagos. Osiyemi said any unauthorised gate or barrier should be dismantled within seven days of…
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target=_blank>…Inaugurates Rehabilitated Road Network In Ikoyi
ShareDetermined to reduce travel time and enhance productivity, the Lagos State Governor, Babajide Sanwo-Olu, yesterday inaugurated a new network of roads at Ikoyi, in the Eti-Osa Local Government Area of the state. He said the upgrading and rehabilitation of the network of roads in Ikoyi reflects his administration’s commitment to transforming Ikoyi into a model…
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