Apparently convinced that the current reform efforts of the President Bola Tinubu-led administration would impact the nation’s socio-economic system positively in the months ahead, the Central Bank of Nigeria (CBN) has projected that the rising inflation and foreign exchange (FX) rates would decline in 2024. Similarly, the CBN also predicted that there would be less […]
Managing Director of International Monetary Fund (IMF), Kristalina Georgieva, has urged Central Banks globally against rushing to relax their current policy measures aimed at curbing surging inflation rates of the economies even with the Federal Reserve signalling its policy pivot next year. Georgieva, was quoted to have given the warning in a report by Bloomberg […]
The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has again warned that the introduction of a carbon border tax by the European Union (EU) could push Africa back into exporting raw commodities and undermine its industrialisation gains. The European Union recently launched the initial phase of a Europe-wide carbon tax on imported goods […]
Delta State House of Assembly, on Thursday passed the 2024 Appropriation Bill of N724.9 billion about a fortnight after the state governor, Sheriff Oborevwori, laid it before the lawmakers for its passage. The passage of the Appropriation Bill followed the adoption of the report of the House Committee on Finance and Appropriation during plenary in […]
The Securities and Exchange Commission (SEC) has sealed the office of Ready Finance Investors Limited, which is located at Flat 5, AYA Memorial Plaza, Nkwere Street, Area 11, Garki, Abuja for engaging in illegal investment and other capital market activities. A statement issued by the capital market regulatory commission on Thursday indicated that firm was […]
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has pledged that transparency will form the bedrock of his leadership as Nigeria’s chief telecom regulator as this will enable a solid foundation in building a resilient, accountable and efficient institution. Maida made the promise during a courtesy visit to the Minister […]
Global reinsurance firm, Swiss Re, on Wednesday announced its acquisition of Fathom, Bristol, UK-based provider of water risk intelligence and flood models, under an arrangement that make the firm retain its own brand and work closely with the firm’s Reinsurance Solutions division to further develop and distribute its innovative flood and climate risk data, maps, […]
The Organization of Petroleum Exporting Countries (OPEC) has retained its oil market forecast in 2023 for 2024 amid forecasts by analysts of bright economic outlook. In its Monthly Oil Market Report (MOMR) released on Wednesday, the oil cartel maintained that for 2024, world oil demand would grow at 2.2 million barrels per day (b/pd), for […]
The Nigerian National Petroleum Company Limited (NNPCL) on Wednesday told lawmakers in the National Assembly that the projections on crude oil production and price benchmark used for the 2024 budget computation were realizable. The Group Chief Executive Officer (GCEO) of the company, Mr. Mele Kyari, gave the assurance on Wednesday during an interactive session with […]
President Bola Tinubu has replaced five Managing Directors and Directors-General of parastatals in the Ministry of Aviation and Aerospace Development. The President also suspended the Director-General of Nigeria Civil Aviation Authority, Capt. Musa Shuaibu Nuhu, to enable him face an “unfettered investigation” by the Economic and Financial Crimes Commission. The changes in the leadership positions […]