Ogun State Governor, Prince Dapo Abiodun, on Monday assured the state’s indigenes and residents that his administration would continue to fulfil all promises made to the public service by ensuring the provision of adequate working tools for the workforce. Abiodun gave the assurance during the swearing-in of the newly appointed Head of Service, Mr. Kehinde […]
Researchers at the Centre for the Study of Economies of Africa (CSEA), a leading economic research firm with primary focus on developments in African economies, have advocated the need for the Federal Government to review its debt management procedures and framework to ensure that borrowing is resorted to only when necessary and that borrowed funds […]
Nigeria’s Consumer Price Index (CPI) or inflation rate increased in March 2024 to 33.20%, up from the 31.70% recorded in February this year. The National Bureau of Statistics (NBS) in its CPI and Inflation Report March 2024’ published on its website on Monday, indicated that the March 2024 headline inflation rate showed an increase of […]
Nigeria has become the first country globally to launch Men5CV vaccine, which is recommended by the World Health Organization (WHO) for the prevention of meningitis globally. The Men5CV vaccine rollout by the country represented a major milestone in the global efforts targeted at combating meningitis outbreak, as it provides broader protection than the previous vaccines. […]
The latest Purchasing Managers’ Index (PMI) report on Nigeria released by Stanbic IBTC for March this year showed that the headline PMI was unchanged at 51.0 in March, indicating no change in manufacturing activities from the index recorded in February. Analytically, the report implies that major activities in the manufacturing sector for the month remained […]
The Centre for Promotion of Private Enterprise (CPPE), a leading advocacy organization championing the interests of the organised private sector (OPS) in Nigeria, has set some key issues for the Central Bank of Nigeria (CBN) for consideration in its latest moves to strengthen the financial system through its just published recapitalization requirements for banks in […]
The Ogun State Government has unveiled plans to conduct household surveys to develop a framework that will assist in planning, management, and evaluation of the multi-dimensional poverty human development index in the state. The survey is expected to go one step further than the NBS’ Multi-dimensional poverty index by allowing the Prince Dapo Abiodun-led administration […]
The Association of Corporate and Marketing Communication Professionals of Banks (ACAMB) has welcomed the latest guidelines of the Central Bank of Nigeria (CBN) on the banking sector recapitalization and assured the public of the capacity of the banks to meet the required targets within the two-year timeline set by the apex bank. The President of […]
The Central Bank of Nigeria (CBN) has announced a significant inflow of over $1.5 billion foreign investments into the Nigerian economy, describing the surge in inflows to the effectiveness of its monetary policy strategies. The apex bank’s Acting Director of Corporate Communications Department, Mrs Hakama Sidi Ali, in a statement on Thursday, attributed the increasing […]
In furtherance of its sustained policy reforms in the nation’s financial system, the Central Bank of Nigeria (CBN) on Thursday announced new minimum capital requirements for Deposit Money Banks (DMBs) based on their size licence categories. A statement issued by the Acting Director, Corporate Communications Department of the apex bank, Mrs Hakama Sidi-Ali, the latest […]