The first Open Market Operations (OMO) bills auctions for 2024 have recorded mixed subscriptions with the 363-day bills recording N157 billion. However, the 97-day and the 181-day bills were not as attractive to investors, thereby leading to their under-subscription by N53 billion and N39.8 billion respectively. Although N300 billion in OMO bills were made available […]
…Says Misinformation, Disinformation Pose Biggest Short-Term Risks Drawing on nearly two decades of original risks perception data, the World Economic Forum (WEF) has warned the global community of a global risks landscape in which progress in human development is being chipped away slowly, leaving states and individuals vulnerable to new and resurgent risks. The Forum, […]
…..Announces New CEOs For Lenders The apex bank’s Acting Director, Corporate Communications, Mrs. Sidi Ali Hakama, in a statement on Wednesday indicated that the dissolution of the deposit money banks’ boards and management became necessary due to the non-compliance of the affected banks and their respective boards with the provisions of Section 12(c), (f), […]
Ogun State Governor, Prince Dapo Abiodun, has appealed to the Federal Government to approve the operation of the Remo Economic Zone as a Free Trade Zone in order to improve the state’s Gross Domestic Product (GDP) and the nation’s economic development. The governor, who made the plea when he received the Minister of Industry, Trade […]
The Economic and Financial Crimes Commission (EFCC) has taken custody of the travel documents of suspended Minister of Humanitarian Affairs and Poverty Alleviation Dr. Betta Edu and her predecessor, Hajiya Sadiya Umar-Farouq, as its investigations of allegation of fraud levelled against the duo and others continued. The anti-graft agency also impounded the international passport of […]
The Federal Government on Tuesday restated its commitment to find solution to the lingering volatility in the nation’s foreign exchange (FX) markets with a view to making investment planning easier for business owners and other investors in the nation’s economic space. The Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, stated this on Tuesday […]
The International Labour Organization (ILO) on Tuesday predicted that in spite of the global labour markets’ surprising resilience despite deteriorating economic conditions, but recovery from the pandemic remains uneven as new vulnerabilities and multiple crises are eroding prospects for greater social justice, the world unemployment rate would marginally increase to 5.2% in 2024, from the […]
The Nigerian Content Development and Monitoring Board (NCDMB) and the National Insurance Commission (NAICOM), have commenced moves to review and operationalize the insurance services regulations jointly issued by both agencies in June 2022, with a view to encouraging oil and gas operators in the country to patronize local insurance firms. The Executive Secretary of NCDMB, […]
The International Air Transport Association (IATA) in its recently published report on the air passenger market for November 2023, disclosed that there was a robust recovery globally, with African region reaching 96.4% air passenger recovery pre-pandemic levels According to the global body, in the month under review global air travel demand surged to an impressive […]
The Nigerian National Petroleum Company Ltd (NNPCL) on Tuesday reported that 157 incidents of crude oil theft were recorded in the Niger Delta region between December 30, 2023 and January 5, this year In a documented post on X on Tuesday, company listed the incidence sources as including the Nigeria AGIP Oil Company, Pipeline Infrastructure […]