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The Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Dr. Adesola Adeduntan, had his tenure extended last year as part of efforts to ensure the stability of the financial institution. In this media interview, he speaks about the intervention of the Central Bank of Nigeria, the future of the bank, trends that shaped the…
Renowned Economist Doyin Salami has been appointed by President Muhammadu Buhari as Chief Economic Adviser. Currently, Salami is Chairman of the Presidential Economic Advisory Council (PEAC). Femi Adesina, special adviser to the president on media and publicity, made the announcement in a statement on Tuesday. According to the statement, “Doyin Salami, 59, is Managing Director…
Governor of Nigeria’s Apex Bank, Godwin Emefiele has revealed that that the Central Bank of Nigeria (CBN) will increase access to loans for Nigerian small and medium-sized enterprises (SMEs) in 2022. At an event in Lagos Godwin Emefiele stated that it was necessary for stakeholders to strive in order to build a stronger economy able…
Adamu Lametek, a member of the Monetary Policy Committee of the Central Bank of Nigeria, has urged the Federal Government to focus on the growth of the Nigerian economy as it remains delicate. The CBN deputy governor, pointed this out in his personal statement at the last MPC meeting. He highlighted the struggles that were…
According to World Bank analysis, Nigeria’s inflation rate for the year 2022 is projected to be among the highest in the world and the seventh in Sub-Saharan Africa. The World Bank stated that the inflation rates in Nigeria have diminished the welfare of Nigerian households. The World Bank also pointed out that a high inflation…
Serious hitches in the production of oil in Nigeria, as well as Libya and Ecuador this week, hiked the price of oil globally to $80 per barrel.This was due to maintenance issues and oilfield shutdowns. Apart from Nigeria, other oil producers including Ecuador and Libya also declared forces majeures this month on part of their…
In a move that sent shocking waves across the business world, one of the new financial institutions in the country, Titan Trust Bank, established barely two years ago, has taken over one of the old generation banks, Union Bank of Nigeria Plc. A bank that is 104 years old. Only First Bank is older. Union…
In a renewed determination to reduce carbon emission by 50% come 2050, the Nigerian Government has launched a Deep Decarbonization Pathway Programme (DDPP). The effort is to meet the eventual goal of net-zero carbon emission levels. DPP is a national research and capacity-building project for the implementation of a Deep Decarbonization Pathway Programme (DDPP) in…
The Nigerian Civil Aviation Authority (NCAA) has explained why the country’s airspace may be closed sometimes this Harmattan period and flight operations disrupted. Director General of the NCAA, Capt Musa Nuhu in a directive titled “NCAA :‘Aviation Weather in Dry Season” which he personally signed, informed pilots that, as a result of the seasonal climate prediction…
Over N300m Generated from Abuja-Kaduna Train Service monthly -Amaechi By Ime Okon The Nigerian Government is generating over N300 million from the Abuja-Kaduna train service every month. The Minister of Transportation, Rotimi Amaechi, made this known while speaking as a guest on a television programme in Abuja. The minister also revealed that the operation of…
