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The Minister of Industry, Trade and Investment, Mr Niyi Adebayo, revealed last Thursday that the current security challenges in some parts of the country were the main reasons Nigeria fell off the list of top 10 preferred investment destinations in Africa in recent years. The minister said this while briefing State House correspondents at the weekly Ministerial briefing organised…
Governor Babajide Sanwo-Olu of Lagos State wants the Federal Government to grant the Lagos a special consideration in the implementation of the National Development Plan, (NDP) to enhance the state’s capacity as the leadig driver of the nation’s economic growth. The governor, speaking at the third Nigeria Public-Private Partnership, Network, NPPN, hosted by the Lagos State…
A menace has slammed itself into the atmosphere of Nigeria. It is one of the most threatening monstrous plagues in our civic space right now. It has drained life from thousands of vibrant youths in eastern Nigeria. Early September, I saw a picture of a substance on social media, the substance looked more like bits…
N118 billion has been remitted into Federal Capital Territory Administration coffers as at November with a projection of N202 billion in 2022 the Federal Capital Territory Internal Revenue Service (FCT-IRS) has said. Mr Haruna Abdullahi, Acting Executive Chairman of the service, who disclosed this to newsmen in Abuja on Wednesday said that, the figure meant the…
Nigeria recorded N3 trillion negative foreign trade balance in the Third Quarter(Q3) of 2021 as total import hits N8.2 trillion against N5.1 trillion in the period under review National Bureau of Statistics(NBS) has revealed. Dr. Simon Harry, the Statistician General of the Federation and Chief Executive Officer of National Bureau of Statistics, made this disclosure during a…
Economic and Medical experts have warned that Nigeria’s economy could be under intense pressure as more people become exposed to newer and deadlier variants of COVID-19. Only 3,774,203 Nigerians, that is 1.887 per cent of the country’s 200 million population and about three percent of eligible persons fully vaccinated against COVID-19. The latest SARS-CoV-2 variant,…
In order to guide the implementation of the 2022 appropriation, President Muhammadu Buhari has written the Senate again, seeking the consideration and subsequent passage of the 2021 Finance bill. This was contained in a letter dated 7th December and addressed to the President of the Senate, Senator Ahmad Lawan, and read Tuesday during plenary.In the letter, President…
In recent times more positive reports have been coming from Nigeria’s apex regulatory body in banking with the recent revelation by The Deputy Governor, Financial System Stability, Central Bank of Nigeria (CBN) and Chairman FITC Board, Mrs. Aisha Ahmad, that the Loan-to-Deposit ratio (LDR) has hit about N7 trillion on bank savings. Mrs Ahmad stated that…
Nigerian Communications Commission (NCC), has listed Subscriber Identity Module (SIM) swaps and Unstructured Supplementary Service Data (USSD) e-payment frauds as some of the biggest cyber threats confronting the telecom industry. According to the Commission, attackers target telecom networks with the intent of getting access to consumers’ information in the databank of service providers. Director, Consumer…
The federal government of Nigeria has lifted the ban on the operations of Emirates Airlines, saying the flights from the United Arab Emirates to Nigeria has commence immediately. The minister of Aviation, Hadi Sirika, announced the lifting of the ban on Friday night, adding that the ban was lifted after the stringent conditions put by…
