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The United Nations High-Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI Panel) has solicited global support to strengthen financial integrity for sustainable development. The call was among the 14 recommendations made by the UN panel at the launch of its new report titled “Financial Integrity for Sustainable Development”. […]
In what seems to be call for the moderation of the Central Bank of Nigeria’s (CBN’s) policy stance on the raging cryptocurrencies’ controversies in the country, the Vice President, Prof. Yemi Osinbajo, on Friday canvassed the regulation of cryptocurrencies rather than outright outlawing the digital currency in the country. Osinbanjo, in his speech at the […]
India’s economy grew 0.4 per cent year-on-year in the final quarter of 2020, ending the country’s first recession since independence. The country’s exit from recessionary slide and modest recovery is partly linked to measures by the government which as eased coronavirus restrictions. A news report by AFP indicated that the country had struggled to claw […]
Borno State Government on Friday warned Ministries, Departments and Agencies (MDAs) to avoid spending out their budgetary provisions and threatened that any defaulting agency will be penalized. The warning came on the heels of the payment of the sum N12 billion by the state government to offset gratuities of 4,862 retirees in the state and […]
The President of the African Energy Chamber (AEC), NJ Ayuk, on Friday urged the Nigerian Government to fast-track the Legislature’s ongoing deliberations on the Petroleum Industry Bill 2020 and enact it in view of its positive implications for improved investments in the continent’s energy sector. Ayuk, in an opinion article titled ‘Africa needs Pragmatic Free […]
The Nigerian Shippers’ Council (NSC), Nigerian Ports Authority (NPA), Nigeria Customs Service (NCS), Nigerian Immigration Service (NIS), the Department of State Security Service (DSS)and other relevant agencies on Thursday harped on the need for collaboration on boarding, inspection of vessels calling at Nigeria seaports. This proposal was among the key considerations during the agencies’ meeting […]
The Federal Government on Wednesday hinged Nigeria’s exit from economic recession on the gains from its ongoing economic diversification agenda, particularly the value addition from the implementation of the Economic Sustainability Plan (ESP). The Minister of Finance, Mrs. Zainab Ahmed, made this known while chatting with State House correspondents at the end of Federal Executive […]
President Muhammadu Buhari and the 36 states governors will on Thursday decide on a new petrol pump price at a meeting to be held at the Presidential Villa, Abuja. Minister of Labour and Employment, Senator Chris Ngige, who disclosed this on Sunday after a bipartite meeting at the Villa said the government had finished discussions […]
After two consecutive sluggish performances which plunged the economy into recession, Nigeria’s economy rebounded in the last quarter of 2020 with the Gross Domestic Product (GDP) growing by 0.11 percent year-on-year. The National Bureau of Statistics (NBS) reported the positive trend in its published on Thursday. The report stated: “Nigeria’s gross domestic product (GDP) grew […]
The Manufacturers Association of Nigeria (MAN) has described the rising general price level in the economy with the January 2021 inflation rate peaking at 16.47 percent as a threat to current efforts to revitalize the nation’s manufacturing and industrial sector and position it on the path of sustainable growth. The Director General of the association, […]