Barely a week after President Bola Tinubu announced his nomination for appointment as Acting Governor of the Central Bank of Nigeria (CBN),Dr. Olayemi Cardoso, has formally assumed duty at the apex bank. In a statement issued on Friday, the apex bank’s Director, Corporate Communications, Dr. Isa AbdulMumin, confirmed that Cardoso together with his designated deputies […]
….Highlights Achievements So Far In Kano The national target to achieve 70% broadband penetration by 2025 is receiving renewed attention from the Nigerian Communications Commission (NCC), which promises 50 per cent before the end of 2023, the commission’s Executive Vice Chairman (EVC), Prof. Umar Danbatta, has assured. The promise was one of the highlights […]
The Pension Transitional Arrangement Directorate (PTAD) at the weekend stated that it had paid N846,146,987.71 to 2,730 pensioners of the Civil Service Pension Department as accrued arrears and gratuity owed them over the past years. The agency made this disclosure in a statement signed by its Head, Corporate Communications Department, Mr. Olugbenga Ajayi, on Friday. […]
President Bola Tinubu on Friday nominated Dr. Olayemi Cardoso as the Governor of the Central Bank of Nigeria (CBN) for a five-year tenure subject to the appointee’s confirmation by the National Assembly. The Legislature’s mandatory confirmation is in compliance with Section 8 (1) of the Central Bank of Nigeria Act, 2007. In addition to Cardoso, […]
The Michael Imoudu National Institute of Labour Studies (MINILS) has decorated the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, with the award of Fellowship of the Nigeria Institute of Labour (NIL) under the Federal Ministry of Labour and Employment. At the conferment ceremony in Abuja, which was part of the […]
The African Development Bank (AfDB) has expressed its readiness to support the Nigerian government’s ongoing power reforms through technical advisory and other areas in order to boost power generation, transmission and distribution in the country. The development finance institution made the pledge during a meeting with the Nigerian delegation, led by the Minister of Power, […]
…..asks CBN to review currency swap arrangement with China ….carpets FTSE Russell on downgrade of NSE index The Association of Capital Market Academics of Nigeria (ACMAN) has advocated sundry fiscal and monetary measures for implementation by the President Bola Tinubu’s administration in order to mitigate the current whirlwinds in the economic space and properly position […]
….as President solicits bankers’ support for growth The Chartered Institute of Bankers of Nigeria (CIBN) on Wednesday commended President Bola Tinubu’s economic reform initiatives tagged ‘Renewed Hope Agenda’, saying the ongoing implementation of the agenda will help grow the economy. The President and Chairman of Council of the professional body, Ken Opara, gave this scorecard […]
….as NBS adopts global methodology for survey The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s statistical system, reported on Thursday that the nation’s unemployment rate remarkably dropped from 33.1% reported in March 2021 to 4.1% for the first quarter of 2023. The statistics agency attributed the huge drop in the unemployment rate […]
The Nigerian Content Development and Monitoring Board (NCDMB) in partnership with Founder Institute (FI) has unveiled its plans to launch new 17 portfolio companies that have been trained in its Technology Incubation and Innovation Centre (TIIC) Information from the Board indicated that the launch of the companies would hold this Thursday at the Nigerian Content […]