The Economic and Financial Crimes Commission (EFCC) has taken custody of the travel documents of suspended Minister of Humanitarian Affairs and Poverty Alleviation Dr. Betta Edu and her predecessor, Hajiya Sadiya Umar-Farouq, as its investigations of allegation of fraud levelled against the duo and others continued. The anti-graft agency also impounded the international passport of […]
The Federal Government on Tuesday restated its commitment to find solution to the lingering volatility in the nation’s foreign exchange (FX) markets with a view to making investment planning easier for business owners and other investors in the nation’s economic space. The Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, stated this on Tuesday […]
The International Labour Organization (ILO) on Tuesday predicted that in spite of the global labour markets’ surprising resilience despite deteriorating economic conditions, but recovery from the pandemic remains uneven as new vulnerabilities and multiple crises are eroding prospects for greater social justice, the world unemployment rate would marginally increase to 5.2% in 2024, from the […]
The Nigerian Content Development and Monitoring Board (NCDMB) and the National Insurance Commission (NAICOM), have commenced moves to review and operationalize the insurance services regulations jointly issued by both agencies in June 2022, with a view to encouraging oil and gas operators in the country to patronize local insurance firms. The Executive Secretary of NCDMB, […]
The International Air Transport Association (IATA) in its recently published report on the air passenger market for November 2023, disclosed that there was a robust recovery globally, with African region reaching 96.4% air passenger recovery pre-pandemic levels According to the global body, in the month under review global air travel demand surged to an impressive […]
The Nigerian National Petroleum Company Ltd (NNPCL) on Tuesday reported that 157 incidents of crude oil theft were recorded in the Niger Delta region between December 30, 2023 and January 5, this year In a documented post on X on Tuesday, company listed the incidence sources as including the Nigeria AGIP Oil Company, Pipeline Infrastructure […]
….Estimates GDP To Grow By 3.7% The World Bank in its just published ‘Global Economic Prospects For January 2024’ has projected that Nigeria’s per capita income will return to its pre-pandemic level by 2025. The Bretton Woods institution hinged its latest forecasts on current reforms initiatives of the Nigerian government which, it also noted, would […]
President Bola Tinubu on Tuesday summoned the Minister of Interior, Mr Olubunmi Tunji-Ojo, to the Presidential Villa, Abuja over alleged award of a consultancy contract of N438 million by the embattled Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, to a company in which the minister allegedly has interest in. News reports indicated […]
The Nigerian Exchange (NGX) on Tuesday recorded its highest single-day gain since June 13, 2023 as the All-Share Index (ASI) appreciated by 3.57%, gaining 2,867.31 points to reach a total of 83,191.84 points at theend of the day’s trading session. The feat came barely 24 hours after the ASI peaked at 80,000 mark on Monday. […]
Despite promises by the BUA Cement’s management to deliver cement at lower prices to consumers this year, a new report by Cardinal Stone, a full-service investment banking and multi-asset management firm, has projected that prices of the commodity may further soar this year. The just published report titled “Nigeria Cement Rebounding from a Tumultuous Year” […]