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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…
Lagos State has recorded another landmark in its plan to cut down the use of dirty fuels responsible for carbon emission and air pollution. Governor Babajide Sanwo-Olu, on Thursday, commissioned a 40 metric tons Liquified Petroleum Gas (LPG) Refill Plant in Ikorodu division. The Governor, in company of his Deputy, Dr. Obafemi Hamzat, opened the…
Nigeria and Pakistan on Thursday signed trade agreements on affordable cardiovascular pharmaceuticals and other antibiotics at the ongoing trade exhibition by Pakistani companies in Lagos. The agreements were signed on the last day of the 2nd Pakistan-Africa Trade Development Conference and Single Country Exhibition. The Deputy Managing Director, Assene Laborex Eurapharma, Mr Renaud Beauchamp, after…
Sen. Tanko Al-Makura, Chairman, Senate Committee on Solid Minerals, Mine, Steel Development and Metallurgy, has called for special funding towards reactivating the Ajaokuta Steel Company in Kogi. He stated this on Thursday while presenting the 2022 budget report of his committee to the Senate Appropriation Committee. Al-Makura (APC-Nasarawa) stressed the importance of the solid minerals…
Information, Communication and Technology (ICT) sector has contributed N8.13tillion to real Gross Domestic Product (GDP) in the nine months to September 2021. According to data collated from the National Bureau of Statistics (NBS’) reports the sector is composed of the four activities of telecommunications and information services; publishing; motion picture, sound recording and music production;…
Lagos State has earmarked huge capital expenditure of N1.39 trillion in the 2022 fiscal year to service key growth areas in order to consolidate the recovery of the State’s economy and positively transform residents’ livelihoods. Presenting the budget to the House of Assembly on Wednesday, Governor Babajide Sanwo-Olu said the State would be spending N325…
The 2022 Appropriation Bill will be passed on December 14, president of the senate, Ahmad Lawan, has said. Lawan, who made the announcement during plenary on Tuesday said that this was to enable the upper chamber maintain the January to December budget cycle. He said that it was essential for the senate to stick to…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 per cent for the umpteenth time. Reading a communiqué after the committee’s 282nd meeting on Tuesday, Mr Godwin Emefiele, the CBN Governor, said the MPC also unanimously agreed to hold all…
