In furtherance of its sustained efforts to boost foreign direct investment (FDI) inflows into the country, the Federal Government has given approval to some Indians to invest new $25 million into the Nigerian economy. The India Consul-General to Nigeria, Shri Chandramouli Kumar Kern, gave this hint during the inauguration of Artemis Laboratories Limited’s new pharmaceutical […]
Nigerians spent about $98.7 billion in foreign exchange (FX) for education, healthcare and Personal Travel Allowances (PTAs) between years 2010 and 2020 even in the face of dwindling FX earnings by the country during the period. The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, who made this disclosure in his speech […]
The World Bank on Tuesday reported that food prices continued to spike across low, middle, and high-income nations, despite its sustained interventions along with other development partners to boost food production across the global geopolitical zones, The development finance institution, in its latest Food Security Update report published on Tuesday reflected that food prices remained […]
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 […]
Barely three months after the issuance of approval in principle by the National Insurance Commission (NAICOM), the management of Crown Takaful Insurance Limited on Monday, December 18, received the operating licence from the industry regulator authorizing the company to commence business for the benefits of Nigerians nationwide. As a modern concept of ethical insurance, Crown […]
In its renewed efforts to combat the menace of drug and substance abuse in Nigeria, particularly amongst the teeming youth population, the National Agency for Food and Drug Administration and Control (NAFDAC) has put in place effective mechanisms to track and trace narcotic products across the manufacturing and consumption value chain nationwide. The Director-General of […]
The Minister of Budget and Economic Planning, Sen. Abubakar Atiku Bagudu, has urged states in the country to immediately access the outstanding $329.52 million balance from the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) programme. Bagudu, who made the call while inaugurating a Federal Cares Steering Committee (FCSC) for the programme in Abuja, lamented […]
Governor Babajide Sanwo-Olu on Monday signed the N2.267 trillion 2024 Appropriation Bill of Lagos State into law at a ceremony in the State House, Alausa Ikeja. Tagged the “Budget of Renewal”, the state government listed the key thrusts of the capital expenditures as infrastructure, environment, education and technology, just as it significantly raised allocation to […]
…Says Misinformation, Disinformation Pose Biggest Short-Term Risks Drawing on nearly two decades of original risks perception data, the World Economic Forum (WEF) has warned the global community of a global risks landscape in which progress in human development is being chipped away slowly, leaving states and individuals vulnerable to new and resurgent risks. The Forum, […]
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, […]