The Federal Government has mulled a new plan to reform the National Youth Service Corps (NYSC) and make it one of the revenue generation agencies for the country. The Minister of Youth Development, Dr. Jamila Bio Ibrahim, who gave this hint when he featured as a guest on Channels Television’s Sunday Politics programme, said, while […]
The National Agency for Food and Drug Administration and Control (NAFDAC) has commenced the enforcement of its ban on alcoholic beverages produced in sachets of less than 200ml effective from February 1, 2024 The agency hinged its latest action on the fact that the deadline set for manufacturers to cease production of the drinks in sachets […]
Nasarawa State Governor, Engr. Abdullahi Sule, has commended Ogun State Governor, Prince Dapo Abiodun for his giant strides in road construction and infrastructure development in the last four and a half years of his administration. Sule, who gave the commendation on Monday when he paid a courtesy call on Governor Abiodun at the Governor’s Office, […]
The Organization of Petroleum Exporting Countries (OPEC) released the sum of $1.7 billion to support 55 projects from its Fund for International Development in 2023, according to a report from the global oil cartel. Aligned with the multilateral development finance institution’s Climate Action Plan, the oil cartel’s support for renewable energy projects constituted nearly 60 […]
Investment researchers at Bancorp Securities Limited, one of Nigeria’s investment research and consulting services providers, have projected a sustained bullish price correction momentum in the Nigerian Exchange (NGX) this week as investors brace up for investment earnings from expected dividend declarations. The researchers, in the firm’s ‘Weekly Stock Recommendation for Feb. 05 – Feb. 09, […]
The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, on Monday said that about $2.4 billion foreign exchange (FX) backlog was not valid for settlement by the Federal Government. Cardoso, in an exclusive interview with Arise Television, clarified that out of the initially reported $7 billion FX liabilities of the Federal Government, […]
Standard and Poor’s (S&P), a global rating agency, at the weekend affirmed its ‘B-/B’ long- and short-term foreign and local currency sovereign credit ratings for Nigeria. The leading ratings agency in a statement on Friday, also affirmed its ‘ngBBB+/ngA-2’ long- and short-term Nigeria national scale ratings, stating that “the outlook is stable.” It stated: “The […]
The Federal Inland Revenue Service (FIRS) has announced plans to ensure that social media content creators and influencers in the country always file their annual tax returns. The Special Adviser on Media to the FIRS chairman, Dare Adekanmbi, who gave this hint, noted that the social media influencers constituted a significant group of tax evaders […]
The Nigerian Exchange Limited (NGX) has listed Ellah Lakes Plc’s 753,786,788 ordinary shares of 50 kobo each for Rights Issue on its Daily Official List. The Exchange, in its Weekly Report, indicated that the additional shares listed on NGX arose from Ellah Lakes’ Rights Issue of 1 billion ordinary shares of 50 Kobo each at […]
The Federal Government and the Central Bank of Nigeria (CBN) have debunked milling rumour being peddled by some media organisations that there were plans to convert $30 billion domiciliary deposits to Naira as part of measures to solve the foreign exchange (FX) supply shortfall and stabilize the Naira, saying the rumour is baseless. The Minister […]