Breaking News in Nigeria Today Wednesday 12th February 2025
Here are some of the Breaking News in Nigeria Today Wednesday 12th February 2025 on some of the nation newspapers .
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target=_blank>Security Enhanced At Lekki Port, Host Communities Axis Security Enhanced At Lekki Port, Host Communities Axis
ShareLekki Port LFTZ Enterprise Limited (LPLEL), the promoter of Lekki Deep Sea Port, has said that the new divisional police station built at the port will serve as a central hub for policing operations and boost security within the host communities. It noted that the station was equipped with the necessary resources to address diverse…
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target=_blank>Streamlining Export Procedure For Efficiency
ShareThe Nigerian Ports Authority (NPA), Central Bank of Nigeria (CBN), Trucks Transit Parks Ltd (TTP), and stakeholders have successfully integrated to modernise and streamline Nigeria’s export operations for transparency, efficiency at the seaports, BAYO AKOMOLAFE reports Exporters are now mandated to secure an approved Central Bank of Nigeria (CBN)’s Nigeria Export Proceeds (NXP)…
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target=_blank>Pharmaceuticals: Resilient Amid Headwinds
ShareThe Nigerian pharmaceutical sector on the NGX (Nigerian Exchange) is currently showing remarkable resurgence and moderate growth potential with a rising demand for locally produced generic drugs and other healthcare products targeted to meet local demand. Although challenges remain like high import dependence, foreign exchange volatility and competition from multinational companies, notwithstanding, the sector is…
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target=_blank>BIS: Trump’s Policies Pose Risks To Economies, Monetary Policy
ShareThe world’s leading central bank umbrella group, the Bank for International Settlements (BIS), has delivered its first public warning about the risks posed by U.S. President Donald Trump’s trade war and deregulation plans. BIS head, Agustin Carstens, said trade developments were a prominent worry now, while fiscal policy, regulation, immigration policy and the broader geopolitical…
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target=_blank>Moody’s Affirms AFC’s A3 Rating, With Stable Outlook
ShareAfrica Finance Corporation (AFC) has received an upgrade to its credit ratings outlook from Moody’s Ratings, with the assignment of a stable outlook. The Corporation, which announced this in a statement, said that the upgrade to its credit rating solidifies, “its position as one of the highest investment-grade African institutions, with Moody’s affirming the Corporation’s…
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target=_blank>Report: Accenture Scraps Diversity, Inclusion Goals
ShareAccenture has scrapped its global diversity and inclusion goals after an evaluation of the U.S. political landscape, the Financial Times has reported, citing a memo to the company’s staff from CEO Julie Sweet. According to Reuters, the report said that the company will start “sunsetting” the diversity goals it set in 2017, along with career…
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target=_blank>CBN Steps Up Measures To Sustain Naira Stability
ShareAs part of its ongoing foreign exchange reforms, the Central Bank of Nigeria (CBN) has in the last few days rolled out new measures to ensure that the naira maintain its recent uptrend, writes Tony Chukwunyem Although the Trade and Exchange Department of the Central Bank of Nigeria (CBN) has been quite busy since…
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target=_blank>Multiple Charges To Affect Annual 700,000-Vehicle Imports
ShareThe implementation of the four per cent charge on the Free On Board (FoB) value of imports and other charges is to further reduce annual importation of 700,000 units of vehicles this year. Findings revealed that with annual imports estimated at N71 trillion, the new four per cent customs administration charge on FoB value has…
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target=_blank>Gaming: Cybercriminals Target Children Through Popular Platforms
ShareAs the world marked Safer Internet Day yesterday, February 11, 2025, experts have highlighted the growing risks children face online by analysing threats associated with one of the most popular gaming platforms — Roblox. The Kaspersky experts shed light on the alarming rise in cyberthreats disguised as Robloxrelated files: the immense popularity of the game…
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target=_blank>Report: E-Payment Transactions Down 3.14% To 119.84trn In January
ShareTransactions through electronic payment (e-payment) channels in the country declined by 3.14 per cent to N119.84 trillion in January 2025 from the N123.72 trillion recorded in the previous month, a report by Financial Derivatives Company Limited (FDC) has shown. Although the firm, which cites e-payment transactions data obtained from the Nigeria Interbank Settlement System (NIBSS),…
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