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UN Panel Seeks Global Support For Financial Integrity

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”. […]

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India Exits Recession, Economy Up 0.4% In Q4, 2020

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 […]

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African Energy Chamber’s President Seeks Timely Passage Of PIB

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 […]

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Stockfish Dealers Seek Foreign Exchange To Boost Importation

The Stockfish Dealers Association on Thursday appealed to the Federal Government to grant its importer members access to the Foreign Exchange (forex) official windows to source foreign currencies needed to boost their stockfish importation business. A news report by the News Agency of Nigeria (NAN) indicated that the leadership of the association made the call […]

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Diversification Drive Catalyst To Nigeria’s Economic Recovery – Ahmed

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 […]

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Again, CBN Justifies Stance On Prohibition Of Cryptocurrencies In Nigeria

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Tuesday stoutly justified its monetary’ policy forbidding crypocurrencies transactions in Nigeria, saying trading in the virtual assets is illegal and has no place in Nigeria’s monetary system. Emefiele, who re-affirmed the apex bank’s policy stance against the virtual currencies when he appeared before […]

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Senate Orders Arrest Of NDDC Mgt Over Alleged N2.6Bn Misappropriation

The Senate has issued an arrest warrant for the management of the Niger Delta Development Commission (NDDC) over failure by the members to appear before it over alleged N2.6 billion palliative fund misappropriation perpetration by them. The Chairman of the Senate Committee on Public Petition, Ethics and Privileges, Senator Ayo Akinyelure, gave the order after […]

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Crypto Criminals Stole $1.9Bn In 2020 – Research Firm

A research conducted by Finaria.it last year on the global cryptocurrency market showed that malicious hackers and other scammers stole $1.9 billion as against the $4.5 billion in the preceding year. While the year witnessed a huge growth in the crypto market as many investors turned to digital coins as a store of value in […]

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COVID-19: NAFDAC Approves AstraZeneca Vaccine For Use In Nigeria

The National Agency for Food and Drug Administration and Control (NAFDAC) has approved the Oxford/AstraZeneca COVID-19 vaccine for use in the treatment and prevention of coronavirus in Nigeria. The Director-General of NAFDAC, Prof. Mojisola Adeyeye, who gave this hint during a live briefing on Thursday, said that the vaccine can be stored at 2 to […]

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Nigeria Exits Recession, Records 0.11% GDP Growth In Q4, 2020

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 […]