News as it breaks
The Central Bank of Nigeria (CBN) has approved the temporary use of expired National Agency for Food and Drug Administration and Control (NAFDAC) licences for import documentation, following operational challenges affecting licence renewals. In a circular issued by its Trade and Exchange Department and published on the apex bank’s…
The Federal Executive Council (FEC) has approved four major reforms aimed at overhauling Nigeria’s ageing national electricity grid, in a renewed push to boost supply reliability and meet growing demand. Minister of Power, Adebayo Adelabu, announced the approvals after the FEC meeting at the State House, Abuja, presided over by…
The United States has approved a potential $346 million arms sale to Nigeria, aimed at bolstering the country’s defence and counter-terrorism operations. In a statement released on Wednesday and quoted by Reuters, the U.S. Defence Security Cooperation Agency (DSCA) confirmed that the State Department had authorised the sale of munitions,…
The University of Ibadan proposed 200; University of Benin proposed 200; University of Lagos proposed 200; and the Federal University of Technology proposed 180, among others.
