Nigerians spent about $98.7 billion in foreign exchange (FX) for education, healthcare and Personal Travel Allowances (PTAs) between years 2010 and 2020 even in the face of dwindling FX earnings by the country during the period. The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, who made this disclosure in his speech […]
The Governor of Ogun State, Prince Dapo Abiodun, has approved the release of another N1 billion gratuity in fulfilment of his promise to cater to the welfare of pensioners. The Permanent Secretary, Bureau of State Pensions, Mr. Adesoji Adewuyi, gave this hinton Monday in his office at Oke-Mosan, Abeokuta Adewuyi explained that the money was […]
Lloyd’s, the global insurance and reinsurance marketplace, has unveiled its inaugural public asset fund, the USD Enhanced Yield Liquidity Fund, available on the Lloyd’s Investment Platform. The fund aims to present an investment alternative to long-term strategic cash reserves at Lloyd’s, focusing on higher returns, optimal liquidity, and efficient Solvency II capital charges. A news […]
The Nigerian National Petroleum Company Limited (NNPCL), is currently exploring collaborative options with the United States Department of State and leading global consultancy firm, Deloitte, on greenhouse gas emissions from OML 34 with a view to abating the rate. The company’s Chief Corporate Communications Officer, Mr. Olufemi Soneye, stated on Monday that the project, which […]
The Executive Vice Chairman of the National Communication Commission (NCC), Dr. Aminu Maida, has disclosed that the lingering interconnect debt imbroglio between MTN Nigeria and Globacom Nigeria had been amicably resolved through the supervisory mediation of the commission. Maida, who disclosed this on Tuesday at a media briefing in Abuja where he unveiled his vision […]
Nigeria’s Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has projected that Nigeria’s inflation rate would slow down to 21.4% this year, despite the surging prices of most commodities, particularly food items’ prices over the past months. Cardoso, who made this projection on Tuesday when he appeared before the House of Representatives during the sectoral […]
The World Bank on Tuesday reported that food prices continued to spike across low, middle, and high-income nations, despite its sustained interventions along with other development partners to boost food production across the global geopolitical zones, The development finance institution, in its latest Food Security Update report published on Tuesday reflected that food prices remained […]
….To Parley Governors On Excessive Taxes, Levies The Executive Vice Chairman of the National Communication Commission (NCC), Dr. Aminu Maida, on Tuesday unveiled a 5-pillar visionary agenda aimed at ensuring that stakeholders in the nation’s telecommunications industry were satisfied with the quality of services with the attendant implications for attracting more investments into the industry […]
The Federal Government has mulled a new plan to reform the National Youth Service Corps (NYSC) and make it one of the revenue generation agencies for the country. The Minister of Youth Development, Dr. Jamila Bio Ibrahim, who gave this hint when he featured as a guest on Channels Television’s Sunday Politics programme, said, while […]
The National Agency for Food and Drug Administration and Control (NAFDAC) has commenced the enforcement of its ban on alcoholic beverages produced in sachets of less than 200ml effective from February 1, 2024 The agency hinged its latest action on the fact that the deadline set for manufacturers to cease production of the drinks in sachets […]