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The statement said, “The US Mission to Nigeria is aware of websites and messages advertising the U.S. visa lottery. All of these sites are FAKE! The only accurate information on the visa lottery is available at ng.usembassy.gov and travel.state.gov. Addresses with .gov are the only accurate source of visa information.’’. The Immigration Act of 1990 established the Diversity…
In 2016, the ban on the provision of foreign exchange for milk importation by the Central Bank of Nigeria (CBN) led to the closure of many dairy firms, especially those producing Yoghurt. Many players could not get enough milk which is the major raw material for their products. In spite of this challenge, one man…
The latest data from the national bureau of statistics show that Nigeria’s active internet subscribers dropped by a whopping 6% to 111.9 million in Q1 2021, from the 154.3 million in Q4, 2020. Pooling data from the Nigerian Communications Commission (NCC), Intelligence by Techpoint also reveals that Nigeria lost 15.5 million subscribers between December 2020…
According to data released recently by the National Bureau of Statistics (NBS), the Consumer Price Index (CPI), which measures inflation, grew by 17.93% (year-on-year) in the fifth month of 2021, The cost of almost all foodstuffs is gradually rising at an alarming rate on a daily basis. This might have a significant and disastrous impact on low-income…
The World Bank has predicted that Nigeria is heading into its worst recession in 40 years. It also projects that the Nigerian economy will shrink between 3.2% and 7.4% in 2021. According to the report, 89 million (43%) Nigerians live below the poverty line while another 53 million (25%) are vulnerable. The organisation, while presenting…
The Nigeria LNG Limited (NLNG) is one of the most important economic projects that the Nigerian government has undertaken in recent years. The Train 7 project which is ongoing at present, involves the construction of a 614km gas pipeline. The pipeline from Ajaokuta to Kano will run through several communities thereby creating jobs along the way during the…
The recent announcement by the Saudi Arabian Kingdom, barring foreign countries from participating in the 2021 Hajj has come as a rude shock to pilgrims globally who are suffering such restrictions for the second year. The Kingdom of Saudi Arabia, founded in 1932, indeed dashed the hope of over 2 million prospective pilgrims across the…
Highly respected African statesman, Kenneth Kaunda passed away at 97, on the 18th of June 2021. Zambian President Edgar Lungu revealed this and declared 21 days of national mourning in honour of the “loving founding father” of Zambia Kenneth Kaunda, popularly known as KK was a courageous leader who actively participated in the independence movement…
Some governors from the opposition party, after a recent meeting in Uyo, have raised alarm over what they call Nigeria’s rising debt profile. The grumbling governors were raising an alarm that Nigeria’s debt to GDP ratio is becoming very unhealthy. The debt to GDP ratio is defined as a benchmark that compares “a country’s public…
Owoeye Oluseyi Stephen Dr. Owoeye Oluseyi Stephen is an outstanding financial controller with years of experience at the top levels of the accounting profession in Nigeria. He is the current Managing Director and Chief Executive Officer of Preciousgate Technologies Limited, which was birthed in the month of October 2020. The company represents one of the…
