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Eterna PLC Becomes Official Distributor for Dangote Petroleum Products

Eterna PLC has been appointed as domestic distributor of Dangote Petroleum Refinery products. “We are proud to be appointed as an official distributor of Dangote Refinery domestic sales in Nigeria,” a statement signed by the company’s secretary Mandella Golkus says. This announcement by the leading integrated energy providers in Nigeria comes days after Dangote Refinery […]

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4 Nigerian Banks, Others To Launch cNGN Stablecoin

Four Nigerian banks – Access, Providus, Sterling and First Bank – are collaborating with others to unveil cNGN token, a new stablecoin aiming to take decentralized finance to a new level. They are to operate under the name, “Africa Stablecoin Consortium (ASC)”. ASC is a consortium of Nigerian financial institutions, fintechs, and blockchain experts. The

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Nigeria’s Central Bank Directs Banks To Support Crypto Transactions in Latest Rule

After 34 months of its anti-cryptocurrency policy, Nigeria’s apex bank has lifted ban on cryptocurrency ban, saying all financial institutions can now support and facilitate crypto-related transactions. Its latest operational guidelines on Virtual Assets Service Providers (VASPs) to all banks and other financial institutions (OFIs) is a shift from its autocratic policy against crypto, even

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Naira Crashes to N950 to USD at Parallel Market as FX Scarcity Persist

The Naira, on Wednesday, crashed to N950 to a dollar at the parallel market as the country battles the issue of foreign exchange (FX) scarcity. The figure represents a depreciation of N25 or 2.04% compared to the N925 it reported exactly a week ago (September 6) The operators of the parallel market and currency traders, Bureau De Change operators (BDCs), attributed the depreciation

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Nigeria's Government Lists Sabo Nano as Agriculture Minister, 23 Months After His Sack

Nigeria’s Government Lists Sabo Nano as Agriculture Minister, 23 Months After His Sack

The Office of the Secretary to the Government of the Federation (OSGF) is still listing former Nigeria’s Agriculture Minister Sabo Nano as a cabinet member, four days after Bola Tinubu’s cabinet was inaugurated. A check by InfomediaNG on OSGF official website on Thursday, August 24, 2023, showed that cabinet members of former President Muhammadu Buhari

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Tinubu signs Access to Higher Education Bill into law on June 12

Tinubu Bows To PANDEF Pressure, Appoints Minister of Niger Delta

President Bola Tinubu has redeployed Abubakar Momoh as the Minister of Niger Delta four days after ‘omitting’ the ministry specifically dedicated to placating the oil-rich region. On Wednesday, August 16, 2023, Tinubu released the portfolios for his cabinet members, but Niger Delta was omitted from the list of new and modified Federal Ministries in Nigeria. A

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Tinubu Redeploys Oyetola to Marine and Blue Economy

President Bola Tinubu has redeployed the Minister of Transportation Gboyega Oyetola to the Ministry of Marine and Blue Economy. Oyetola was initially assigned to the Ministry of Transportation when the president assigned a portfolio to his ministerial nominees on Wednesday, August 16, 2023. But in a statement by the Special to the President on Media

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