Category: Business
The Independent National Electoral Commission, INEC, has announced it will continue the Continuous Voter Registration and directed all Electoral Commissioners to continue the exercise pending further directives. INEC disclosed this in a statement issued on Thursday evening. The Commission also ordered all parties that have concluded governorship and state assembly elections to upload nominated candidates […]
The Federal Government has signed a deal for the concession of the Onitsha port with the Universal Elysium Consortium, stating that the concession will generate over N23 billion in 30 years. This was disclosed by Minister of State for Transportation, Sen. Gbemisola Saraki, during the signing of the concession of the port on Thursday in […]
Nigeria’s Independent National Electoral Commission (INEC) revealed that Nigerian youths led the demographic for completed new voter card registration at 6,081,456, out of a total of 10,487,972. INEC disclosed this in a statement on Monday evening, revealing new voter card registrations as of 7 a.m. on Monday, June 27. This comes after the agency had agreed last […]
The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has threatened to shut down filling stations selling fuel above the approved pump price of N165 per litre. Ahmed said the regulator has warned members of the Depots and Petroleum Marketers Association of Nigeria (DAPMAN) and Major Oil Marketers of Nigeria (MOMAN) […]
Lagos has been ranked as the state with the highest number of internet data subscribers in the country. The commercial city was followed by Ogun and Kano states as the three states jointly account for 23.8% of the total internet subscriber base in the country. The National Bureau of Statistics (NBS) revealed this on Tuesday […]
The Ogun State workers, who declared an indefinite strike on Tuesday, are expected to receive bank credit alerts in the next 24 hours for the month of June. This was disclosed by Governor Dapo Abiodun through the state’s Commissioner for Information and Strategy, Abdulwaheed Odusile, on Tuesday. According to the statement issued by the government, […]
The Governor of Lagos State, Babajide Sanwo-Olu has stated that the implementation of the African Continental Free Trade Area (AFCFTA) will open a new vista of opportunities through greater access to new markets and also lead to the creation of more employment opportunities which will also facilitate economic transformation process. The Lagos Governor disclosed this […]
Vice President, Yemi Osinbajo, has said the relentless drive, energy and creativity of young Nigerians, are the guarantee that the country will prosper and provide jobs and opportunities for millions of youths coming into the job market yearly. Osinbajo stated this on Monday evening at the fifth national Micro Small and Medium Enterprises (MSME) awards […]
The Senate yesterday set up an Ad-Hoc Committee to investigate Shell Petroleum Development Company (SPDC) over alleged non-compliance with the Petroleum Act and breach of the Joint Venture Agreement it signed with the Federal Government. The committee was mandated to probe the Oil Mining Lease granted to SPDC between 1959 and 1989, and 1989 and […]
Nigerians schooling abroad will not pay more overseas tuition fees from January 2023 as being speculated by a foreign tertiary institution, the Central Bank of Nigeria (CBN) announced yesterday. In a statement, the apex bank faulted reports suggesting that the payments of overseas schools fees would rise due to the withdrawal of the “Form A” […]
The President of African Development Bank (AfDB), Akinwumi Adesina, said on Wednesday the multilateral lender would soon establish investment banks for young entrepreneurs on the continent. Adesina, who stated this at the Commonwealth Business Forum in Kigali, Rwanda, criticized the structure of the existing commercial banks on the continent. He said the current financial institution […]
The Federal Government has approved the digitisation of the services of the National Social Insurance Trust Fund (NSITF), which is now to be known as the e-NSITF. This was approved by the FEC on Wednesday in a meeting presided by President Muhammadu Buhari at the Council Chamber of the State House, Abuja. Labour Minister, Chris […]
Sell pressure witnessed on shares of the top two Nigerian banks in market capitalisation Zenith Bank Plc and GTCO Plc since the beginning of the year has resulted in investors of both banks losing about N247.623 billion at the close of trading on 22nd June. Checks by Nairametrics showed that GTCO Plc dropped by 19.23% […]
President Muhammadu Buhari has said his administration cannot unify the naira exchange rates because the local unit is still “susceptible to external shocks” that can affect Nigerians. The president said this in a written response to Bloomberg after being why his government has not heeded calls from the International Monetary Fund and World Bank to unify the exchange rates […]
President Muhammadu Buhari has risen to the defence of the Central Bank of Nigeria’s monetary policy actions despite the inflation rate at 17.7% and the Naira continuing to plunge in the black market. The president disclosed this in an interview with Bloomberg, where he expressed confidence in the apex bank’s ability to tackle Nigeria’s economic […]
