Monday, June 5, 2023

Economy

President Tinubu Ends Fuel Subsidy in Inaugural Speech

  During his inaugural speech, President Tinubu declared the end of fuel subsidy in Nigeria. He emphasized that the 2023 Budget does not allocate any funds for fuel subsidy, indicating a shift in the government's stance on this matter. He...

Neveah Ltd secures N20b to support business growth

Mr Ibidapo Lawal, CEO, Neveah Ltd By Aderogba George Neveah Ltd., a leading indigenous export company in Nigeria, has secured N20 billion to help in supporting business growth in the country, Mr Ibidapo Lawal, Chief Executive Officer (CEO), Neveah, said in...

FG expresses commitment to reposition mining cadastre to improve productivity

The Federal Government has expressed its commitment to repositioning Mining Cadastre Office (MCO) through transformation, to improve productivity across the country. The Director-General of the MCO, Mr Simon Nkom, made the commitment at a one-day Review for Development (R4D) Retreat,...

Indomie noodles banned from Being imported into Nigeria – NAFDAC

Indomie noodles banned from Being imported into Nigeria - NAFDAC   By Lateef Taiwo The Director General of the National Agency for Food and Drug Administration and Control has said that Indomie noodles have been banned from being imported into the country...

Scarcity of new Naira notes hits FCT, residents cry out

Scarcity of new Naira notes hits FCT, residents cry out   New naira notes Joy Madaki/ Favour Ukabiala Some residents of Abuja and environs have lamented the scarcity of the new naira notes. The Central Bank of Nigeria (CBN) has restored the old 200,...

Silicon Valley Bank: NDIC tasks regulators on risk management

Silicon Valley Bank: NDIC tasks regulators on risk management     By Lydia Ngwakwe The Nigeria Deposit Insurance Corporation (NDIC) has urged regulators in the banking industry to draw supervisory lessons from the failure of Silicon Valley Bank and Credit Suisse by ensuring...

We never claimed to be pension consultant, ASSOPEP replies PENCOM

We never claimed to be pension consultant, ASSOPEP replies PENCOM   By Rukayat Adeyemi Association of Pension Desk Practitioners of Nigeria (ASSOPEP) on Tuesday denied an allegation by the National Pension Commission (PenCom) that it was parading itself as a pension consultant. Mr Nelson...

SMEs crucial to surmounting nation’s challenges – Arunma Oteh  

SMEs crucial to surmounting nation’s challenges – Arunma Oteh   By Deborah Coker A former treasurer and also former Vice-President of the World Bank, Dr Arunma Oteh, (2015 – 2018) says Small and Medium Enterprises (SMEs) are capable of bailing Nigeria out...

Calabar Port on course for economic prosperity- Port Manager

Calabar Port on course for economic prosperity- Port Manager   Activities at the Calabar Port By George Odok Mr Festus Olumati, Port Manager, Nigerian Port Authority (NPA), Calabar Port, has said that the volume of vessels berthing at the Calabar Port has led...

Afreximbank proposes creation of “Domestic Financial System’’ for Africa’s development

Afreximbank proposes creation of “Domestic Financial System’’ for Africa’s development             By Lydia Ngwakwe   Prof. Benedict Oramah, President/Chairman, Board of Directors of African Export-Import Bank (Afreximbank), has proposed creation of a Domestic Financial System that would allow Africa develop, prosper and earn...
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Latest News

Real Madrid set to offer £100m for Kane as Benzema’s replacement

Real Madrid poised to make £100m offer for Tottenham's Harry Kane as they seek to replace Karim Benzema Real Madrid...
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Magui Corceiro, girlfriend of Joao Felix, reportedly ends relationship with Chelsea star.

Reports have emerged stating that Magui Corceiro, the girlfriend of Portuguese footballer Joao Felix, has decided to end her relationship with a Chelsea star...

Osimhen leaves decision on Napoli departure to club president

Napoli striker Victor Osimhen has acknowledged that the final decision regarding his future lies with the club's president, Aurelio De Laurentiis. Osimhen showcased his scoring...

Mbappe voices disappointment with PSG’s season: “I don’t expect anything from this club”

Kylian Mbappe, the superstar of Paris Saint-Germain (PSG), expressed his lack of expectations for the club. Despite winning the Ligue 1 title, the 2022-23...

Youth Party criticizes fuel subsidy removal without social safety net.

The Youth Party (YP) supports fuel subsidy removal but demands a social safety net. It urges gradual removal of subsidies, subsidizing public transport, increasing...