The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta and the Ambassador of the Republic of Senegal to Nigeria, Babacar Matar Ndiaye, last Thursday jointly hoisted the national flag Senegal at the Secretariat of West Africa Telecommunications Regulators Assembly (WATRA) during an event of historical significance in Maitama, Abuja […]
Economy News Extra
Danbatta Harps On Female Digital Education Benefits To Family, Economy
The Executive Vice Chairman (EVC) of the Nigeria Communication Commission (NCC), Prof. Umar Danbatta, has stressed the need for digital training of women to uplift their socio-economic standards and bridge the gender gap among professionals in the country. The telecom industry chief, who made this remark recently in Lagos at the maiden edition of the […]
SERAP Urges N/Assembly To Reject Buhari’s Fresh Loan Request
Worried by the potential negative social and economic implications of the rising debt stock of Nigeria, the Socio-Economic Rights and Accountability Project (SERAP) has asked the leadership of the National Assembly to decline approval for the latest President Buhari’s request for a fresh $4 billion and €710 million foreign loans. Specifically, SERAP appealed to the […]
Fitch Ratings Revises Global GDP Growth Forecast To 6.0%
Fitch Ratings, one of the world’s leading ratings agencies, has revised down its 2021 global GDP growth from 6.3% predicted in June to 6.0% by the end of the year as disruptions to supply chains amid growing demand continue to characterize the global economic space. In its press statement issued on Global Economic Outlook (GEO) […]
Nigeria’s Debt Stock Hits N35.465Trn In June
Director-General of the Debt Management Office (DMO), Ms. Patience Oniha, on Wednesday said Nigeria’s public debt stock rose to N35.465 trillion as of June 30, representing N2 .358 trillion higher than the stock value at the end of the first quarter this year. Available data by the DMO on the nation’s debt stock indicated that […]
Ghana Records 3.9% GDP Growth In Q2, 2021
The Ghanaian economy recorded 3.9% year-on-year (YoY) growth in the second quarter of this year, up from 3.1% growth in the preceding quarter. According to data by the Ghana Statistical Service (GSS), the Q2,2021 performance, however, showed that when compared with the 5.7% (yoY) growth recorded in the corresponding quarter of last year (Q2,2020) the […]
Tax Credit Scheme: Globacom To Reconstruct 64 Km Ota-Idiroko Road
Globacom Nigeria, Nigeria’s leading telecommunications services provider, has been granted the permission to reconstruct 64 kilometres Ota-Idiroko road in 2022, under the Federal Government’s Tax Credit Scheme. Minister of Works and Housing, Mr Babatunde Fashola, gave this hint on Wednesday during an inspection tour of the ongoing reconstruction of Lagos-Ibadan expressway. According to news report […]
DPR Generates N2.24Trn, Targets N5Trn By Year End 2021
The Director of the Department of Petroleum Resources (DPR), Engr. Sarki Auwalu, has disclosed that the department generated N2.24 trillion as at August this year, representing 70 percent of its earlier N3.2 trillion revenue target. Auwalu, who disclosed this when he led a team of DPR management on a courtesy visit to the Executive Secretary […]
FG Launches Youth Employment Plan, Targets 3.7Mn Jobs Yearly
The Federal Government has launched the Nigerian Youth Employment Action Plan (NIYEAP 2021-2024) as part of its sustained efforts to create more jobs, boost economic activities and reduce the incidence of banditry and other crimes in the country. Specifically, the Plan aims at mobilizing the energies and capacities of the youth to reduce the risks […]
RBDAs Are Catalyst For Food Security, Job Creation – Minister
The Minister of Water Resources, Engr. Suleiman Adamu, has said that ongoing partial commercialisation of the nation’s 12 River Basin Development Authorities (RBDAs) is aimed at attracting private sector investments for their revitalization and ensuring efficient service delivery by them. Adamu described the RBDAs asstrategic to the actualization of national food security, jobs and wealth […]