Economy

The Central Bank of Nigeria, CBN, said it has extended its Naira 4 Dollar Scheme until further notice. The apex bank disclosed this in a circular titled: “Re: Introduction of the CBN’s “Naira 4 Dollar Scheme’’, for Diaspora Remittances.”

The Nigerian Communications Commission (NCC) and the Nigerian Communications Satellite (NIGCOMSAT) have signed a Memorandum of Understanding to facilitate the deployment of 5G technology in the nation’s telecommunication sector.

Despite the improving revenue in the power sector, the federal government is set to effect another tariff increase on July 1, following a notice by the Nigeria Electricity Regulatory Commission, NERC, to that effect.

The Federal Government is partnering with Microsoft Corporation to accelerate Nigeria’s resolve towards a more digital economy.

Governors will back withdrawal of petrol subsidy to end fleecing of the country, newsmen learnt yesterday.


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