President Muhammadu Buhari will Thursday lay before the joint session of the National Assembly the 2022 Appropriation Bill for the lawmakers’ consideration. The Deputy President of the Senate, Ovie Omo-Agege, disclosed this on Tuesday while presiding over the plenary of the upper chamber of the Legislature. The Senate President, Ahmad Lawan, was absent. Before the […]
Economy News Extra
NCC’s Outreach Programme – Campus Conversation – Debuts In Abuja
Following the re-structuring and re-branding of its existing consumer outreach programmes, the Nigerian Communications Commission (NCC) has held the maiden edition of the Campus Conversation at the University of Abuja. The Campus Conversation is featured as an important part of NCC’s new Telecom Consumer Conversation (TCC). Speaking at the event, which held at the Main […]
LCCI Lauds FG’s Monetary Policies, Calls For Improved Non-Oil Revenue, Infrastructure
The Lagos Chamber of Commerce and Industry (LCCI) on Tuesday commended the monetary authorities on recent policy measures adopted to manage the economy and canvassed the need for improved non-oil revenue and infrastructure development to sustain the current growth trajectory in the nation’s economy. The President of the organized private sector (OPS) umbrella body, Mrs. […]
Lagos Governor Proposes 42% Revenue Allocation To States
Lagos State Governor, Babajide Sanwo-Olu, on Monday canvassed 42% share of the revenue in the Federation Account to states in order to correct the fiscal imbalances in the nation’s political structures. The Governor made the submissionat the 2-Day South-West Zonal public hearing organized by the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) to flag off […]
IMF Revises Global Economic Growth Below 6% In 2021
The International Monetary Fund (IMF) on Tuesday stated that it expected global economic growth in 2021 to fall slightly below the 6% in earlier projected in July. The Managing Director of the IMF, Kristalina Georgieva, cited growing risks associated with debt, inflation and divergent economic trends in the wake of the COVID-19 pandemic as the […]
US Economy Will Slide Into Recession Unless Debt Ceiling Is Lifted – Yellen
US Treasury Secretary, Janet Yellen, on Tuesday warned that failure to raise the country’s debt limit could hurt the dollar reserves level and by implication push the economy on a recessionary trend. This is even as she maintained that she still regarded October 18 as the debt limit deadline, adding that it is now up […]
Nigeria’s Data Centre Market Value To Hit $218Mn By 2026 – Experts
As internet usage across the global geo-political zones deepens with increasing intensity, especially in Africa and Middle East zones, a new research report by Arizton Advisory & Intelligence, has projected that social media usage and smart initiatives in the regions will continue to drive the market over the next few years. The new research findings […]
Nigeria Spends $2Bn Yearly On Wheat Importation – CBN
The Central Bank of Nigeria (CBN) has reported that Nigeria spends around $2 billion annually on the importation of wheat. The apex bank’s Director, Development Finance Department, Yila Yusuf, made this disclosure, at the Wheat Conference and Stakeholder Engagement with the theme ‘Improving and Sustaining the Wheat Value Chain Development in Nigeria’ held in Abuja. […]
Insurers Must Be Adaptive Or Risk Stifling Sharing, Mobility Sector – Marsh
Insurance broker and risk advisor, Marsh, has asserted that insurers must create new forms of coverage, including programmes to support gig-workers at scale, in order to support changes in the global sharing economy and mobility sector. Analysts at Marsh in a new report found that the COVID-19 pandemic had already accelerated mobility changes such as […]
Whatsapp, Facebook, Instagram Reactivated After Hitches
WhatsApp, Instagram, Facebook and other platforms came on stream as communication channels late Monday after over 8 hours of hitches in their operations on Monday. The online platforms, especially Facebook and Instagram, recovered from the technological hitches Monday night around 11pm Nigerian time. Confirming its recovery, the official Facebook Twitter feed announced: “To the huge […]