Category: Economy
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CSO condemns video threatening President’s wife over economic woes
A rights group, Save Nigeria Movement (SNM), a famous Civil Society Organisation (CSO) in Nigeria has condemned in strong terms a video in which an acclaimed Islamic cleric is seeing attacking Nigeria’s First Lady, Senator Oluremi Tinubu by over the hardship experienced in the country. In a video which has already gone viral on the…
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Economic Hardship: Wike Appeals to Nigerians to Support Tinubu and Pray for Relief
In light of the current economic challenges facing Nigerians, the Minister of the Federal Capital Territory, Nyesom Wike, has called on citizens to extend their support and prayers to President Bola Tinubu. Wike emphasized that leading the nation during such difficult times is a daunting task, and Tinubu deserves understanding and encouragement. Addressing the public…
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Food Scarcity: Reps Urge FG to Investigate Privatisation of Food Reserves, Silos Across Nigeria
From Lateef Taiwo The House of Representatives has urged the Federal Government to urgently investigate the process where 22 out 33 Silos owned by government across the country were privatized. The House also mandated it Committees on Agricultural Production and Services as well as Privatization and Commercialization of Public Assets among others to investigate the…
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Naira Free Fall: Expert counsels FG to jettison US Dollar for international trade transactions
Stephen Olufemi Oni, Ilorin An Economic Expert, Professor AbdulGafar Ijaiya, has admonished the Federal Government of Nigeria to bypass the US dollar in its international trade transactions to save the economy from its over-reliance on the US dollar. The erudite Professor, who lectures in the Department of Economics, University if Ilorin, gave the admonition in…
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Zulum, Bakari Pledge To Strengthen Nigeria/Cameroun Trade Relations.
***Commission Int’l Market, lay foundation For Cattle market In Banki Borno State Governor, Prof Babagana Umara Zulum and his counterpart from the far North Region of Cameroon, Midjinyawa Bakari, have commissioned the Banki International market and a teachers’ quarters. The two leaders equally laid the foundation for a new cattle market in Banki town. Governors…
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NLC Advocate for N1 Million as Minimum Wage in Nigeria
The Nigeria Labour Congress (NLC) has called on the Nigerian government to consider N1 million as the minimum wage in the country. The request was made by the NLC President, Ayuba Wabba, during an event organized by the NLC and Trade Union Congress (TUC) to mark the 2024 Africa Industrialization Day in Abuja. Wabba highlighted…
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Nigeria, World Bank, and Others Forge Path for Economic Transformation and Job Creation
A collaborative effort between Nigeria, the World Bank, and other stakeholders has culminated in a strategic roundtable for economic transformation held in Abuja. Ministers of finance from 12 countries in West and Central Africa, alongside representatives from the World Bank, convened to explore avenues for sustainable growth, job creation, private sector mobilization, and economic transformation…
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Nigeria Joins Global Effort to Enhance Trade Facilitation with Launch of Time Release Study
The Nigeria Customs Service (NCS) has taken a significant step towards enhancing trade facilitation and cargo clearance by launching the Time Release Study (TRS) in collaboration with the World Trade Organization (WTO). This initiative aligns Nigeria with European countries, the United States, and Asian nations, showcasing its commitment to improving efficiency in port operations. The…
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Nigerians Urged to Exercise Patience with Tinubu’s Economic Policies, Especially on Food Security
Ugochukwu Nnam, the President of the Initiative for Leadership Development and Change (ILDC), has appealed to Nigerians to remain patient and composed amidst the current challenges in food availability. Speaking in Abuja, Nnam emphasized the need to trust President Bola Tinubu’s long-term strategies aimed at enhancing food security in the country. Nnam underscored that Tinubu’s…
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FG Commends Dangote Cement for Vital Roles in Economic Diversification
From Lateef Taiwo The Federal Government has commended the leading roles being played by the Dangote Group to complement government’s efforts to diversify the nation’s economy and the company’s dedication to promotion of best practices in all its operations. The commendation came even as the Ogun State government said the Dangote Cement is a key…