Home Topics Economics

Economics

Former central bank governor alleges plots to kidnap his children during banking consolidation

A former governor of the Central Bank of Nigeria (CBN), Prof. Charles Soludo, has said his family went into exile because of several threats to their lives when he introduced the banking consolidation policy in 2004.
3. President Muhammadu Buhari, on Thursday, met with the new Chairman of Economic and Financial Crimes Commission (EFCC), Mr Abdulrasheed Bawa, at the State House, Abuja.

President meets new EFCC chairman

President Muhammadu Buhari, on Thursday, met with the new Chairman of Economic and Financial Crimes Commission (EFCC), Mr Abdulrasheed Bawa, at the State House, Abuja.

IPMAN: Petrol price may rise to N195 per litre

Members of the Independent Petroleum Marketers Association of Nigeria, IPMAN, have advised Nigerians to expect a higher petrol pump price in the coming days, saying the price may rise to N195 per litre.
Ngozi Okonjo-Iweala

Ngozi Okonjo-Iweala salutes young women taking part in #BeLikeNgoziChallenge

Director General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, has applauded the hundreds of young, mostly Nigerian women, who have hopped on the #BeLikeNgoziChallenge on social media.

AIFCE lecturer slumps, dies in classroom

The Management of Alvan Ikoku Federal College of Education (AIFCE) has confirmed the death of a senior lecturer, simply identified as Mr Echetama, who slumped and died in a lecture hall on Tuesday.
President Muhammadu Buhari has written formally to the Senate seeking its confirmation of Mr Abdulrasheed Bawa as substantive Chairman of the Economic and Financial Crimes Commission (EFCC).

President Buhari names new EFCC chairman, seeks senate confirmation

President Muhammadu Buhari has written formally to the Senate seeking its confirmation of Mr Abdulrasheed Bawa as substantive Chairman of the Economic and Financial Crimes Commission (EFCC).
Abdullahi Ganduje

Kano governor: Mallam Sanusi was deposed for not watching his tongue, destroying institutions

The Governor of Kano State, Abdullahi Ganduje, on Friday, said the former Emir of Kano, Muhammad Sanusi, was ousted because he did not understand the responsibilities of a traditional ruler.
The Board of Trustees and Management Committee of the Yorùbá Academy has announced the appointment of Kọ́lá Túbọ̀sún as the Programme Director.

Yoruba Academy appoints new programme director

The Board of Trustees and Management Committee of the Yorùbá Academy has announced the appointment of Kọ́lá Túbọ̀sún as the Programme Director.
AbdulSamad Rabiu

BUA advocates liberalisation of cement policy to crash price

The Chairman and Founder of the BUA Group, Alhaji Abdulsamad Rabiu, has called for the liberalisation of Nigeria’s cement policy to boost production and subsequently crash the price of the commodity.
Myanmar authorities should immediately release Sean Turnell, an economist and adviser to deposed leader Aung San Suu Kyi, following his weekend arrest, Australia’s Foreign Minister Marise Payne said on Monday.

Australia calls for immediate release of economist detained in Myanmar

Myanmar authorities should immediately release Sean Turnell, an economist and adviser to deposed leader Aung San Suu Kyi, following his weekend arrest, Australia’s Foreign Minister Marise Payne said on Monday.
Dr Ngozi Okonjo-Iweala, a former Minister of Finance and Chairman, Global Alliance for Vaccines and Immunisation (GAVI), has urged the Federal Government to improve on immunisation coverage.

WTO: US backs Ngozi Okonjo-Iweala as main challenger quits

At last, the United State government yesterday gave its formal approval to the emergence of Nigeria’s former Minister of Finance, Ngozi Okonjo-Iweala as the next Director General of the World Trade Organization, removing the final obstacle to her bid to be the first woman and the first African to run the Geneva-based trade body.
FILE PHOTO - A policeman walks past the Supreme Court building in Islamabad, Pakistan October 31, 2018. REUTERS-Faisal Mahmood-File Photo

Pakistan court orders release from prison of mastermind in U.S. journalist’s murder case

Pakistan’s Supreme Court ordered the release from prison on Tuesday of a British-born militant who had been convicted in the kidnapping and murder of U.S. journalist Daniel Pearl by al Qaeda and Pakistani Islamist militants in 2002.
Mr Adolphus Aghughu has emerged the Acting Auditor-General of the Federation, AuGF as the erstwhile auditor-general, Mr Anthony Ayine, retires from service.

President Buhari appoints Adolphus Aghughu as the Auditor-General of the Federation

President Muhammadu Buhari has nominated Adolphus Aghughu for appointment as the Auditor-General of the Federation pursuant to Section 86(1) of the Constitution of the Federal Republic of Nigeria (as amended).
FILE PHOTO - A 3D printed oil pump jack is placed on dollar banknotes in this illustration picture, April 14, 2020. REUTERS-Dado Ruvic-Illustration

Oil rises as U.S. crude stockpiles drop, new Chinese coronavirus cases decline

Oil prices climbed on Wednesday after industry data showed U.S. crude stockpiles fell unexpectedly last week and China, the world’s second-biggest oil user, recorded its lowest daily rise in COVID-19 cases in more than two weeks.

IPOB: Emmanuel Iwuanyanwu among those behind woes of Ndigbo

The leadership of the proscribed Indigenous People of Biafra (IPOB) has bemoaned Chief Emmanuel Iwuanyanwu over his comments that IPOB is endangering Ndigbo and their investments in Nigeria.

Akwa Ibom professor cautions ethnic groups against seeing NDDC as national cake

A Professor of Economics, University of Uyo, Akwa Ibom State, Chris Ekong, has cautioned against the entitlement sense of some States in the Niger Delta over the ownership of the resources sharing in the region.
FA Women's Championship club Lewes have confirmed the acquisition of Nigeria striker Ini Umotong, on an 18-month deal, Goal can exclusively report.

Falcons striker Ini Umotong joins Lewes from Vaxjo

FA Women's Championship club Lewes have confirmed the acquisition of Nigeria striker Ini Umotong, on an 18-month deal, Goal reports.
The Kaduna State University (KASU) says it has expelled about 80 students for various forms of examination malpractices during the 2018-2019 academic session.

Kaduna varsity promotes 20 lecturers, dismisses one over ‘sexual harassment’

Ashafa identified the lecturers promoted to the rank of Professors as Dr Helen Andow, Professor of Entrepreneurship Management; Dr Upah Butari, Professor of English Language; and Dr Suleiman Suleiman, Professor of Arabic Grammar.

NECO: 233,000 candidates missed exams due to #EndSARS protests, will rewrite papers

A total of 233,000 candidates failed to write the 2020 National Examinations Council, NECO’s Senior Schools’ Certificate Examination due to the #EndSARS protests that rocked the country last year.
The Minister of State for Health, Senator Olorunnimbe Mamora, confirmed this during a chat with newsmen on Monday.

Nigerian government begins activation of non-functional oxygen plants

“Permit me at this juncture to specifically emphasise on the need to avoid crowding as we see in people under the guise of National Identity Number Enrollment. There is absolutely no cause for this, if only people would voluntarily comply with advisories and guidelines as issued by the Ministry of Communications and its relevant Agency. The Executive Director/CEO of the National Primary Health Care Development Agency (NPHCDA), Dr. Faisal Shuaib, explained the government is yet to zero in on the exact cost of the COVID-19 vaccines.

UBEC commits over N10 billion annually to teacher professional development – scribe

Executive Secretary of Universal Basic Education Commission, UBEC, Dr Hamid Bobboyi, has appealed to stakeholders to join hands with the federal government in ensuring that the quality of teaching and learning at the basic level of education in Nigeria is strengthened for the graduates of the system to be globally competitive.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AfDB appoints directors-general, deputy directors-general in regional offices

The African Development Bank Group has announced the appointment of directors-general for the East, Central and Southern Africa regions and deputy general for the East, Central, Northern, Southern and West Africa regions.

Recent Stories

Twitter is looking into adding subscription options to become less dependent on targeted ads, Bloomberg reported Monday. Several teams are apparently in the early stages of researching different approaches.

Twitter opens its audio chat room Spaces to Android users

Twitter introduced a limited version of the Clubhouse competitor on iOS in January. While any users of Twitter’s iOS app can join and listen to Spaces, only a few can host them at the moment.
Rivers State Governor, Nyesom Wike, on Tuesday, brokered a truce between the Governor of Benue State, Samuel Ortom and Governor of Bauchi State, Senator Bala Mohammed in Port Harcourt.

Bauchi, Benue governors reconcile in Port Harcourt

Rivers State Governor, Nyesom Wike, on Tuesday, brokered a truce between the Governor of Benue State, Samuel Ortom and Governor of Bauchi State, Senator Bala Mohammed in Port Harcourt.
FC Barcelona and Atletico Madrid will have to cut down the costs of their squads by more than 35 million euros ($42.14 million) following new salary limits imposed by La Liga on Tuesday to cope with the financial impact of the Covid-19 pandemic.

Barcelona, Atletico Madrid ordered to further tighten belts by La Liga

FC Barcelona and Atletico Madrid will have to cut down the costs of their squads by more than 35 million euros ($42.14 million) following new salary limits imposed by La Liga on Tuesday to cope with the financial impact of the Covid-19 pandemic.
Isu said the agency had earlier distributed food items meant for the 2019 flood victims, which was initially kept at its warehouse, following the approval of Gov. Douye Diri two weeks ago.

Bayelsa governor: 2.5% revenue for host communities ‘unacceptable’ to Niger Delta

Gov. Douye Diri of Bayelsa on Tuesday proposed that 10 per cent of derived oil revenue be provided in the Petroleum Industry Bill (PIB) for the host communities.
A Nigerian police officer holds a bunch of handcuffs in Abuja on October 3, 2020. Sodiq Adelakun-Channels TV

Police nab five ‘armed robbers’, recover fire arms in Nasarawa

Police in Nasarawa state Tuesday announced the arrest of two suspected notorious armed robbers who have been terrorising Nasarawa and its environs and recovered fire arms from them.

Most Popular

NCC highlights role of telecoms in Nigeria’s exit from recession

The Nigerian Communications Commission (NCC) has highlighted the role played by the telecommunications sector in lifting the country out of recession in the recently released fourth quarter Gross Domestic Product (GDP) figures for the fourth quarter of 2020.

MSF mobile clinics provides healthcare services in Borno despite insecurity

Médecins Sans Frontieres MSF teams are providing healthcare services to residents living in the remote areas of Borno State in spite of the insecurity in the region.

TASS: Russia jails man for eight years for handing over secrets to China

A Russian court sentenced a man to eight years in prison on Thursday after finding him guilty of state treason for allegedly handing over secrets to China, the TASS news agency reported.
3. Shola Shoretire made his Manchester United debut in the Premier League win over Newcastle.

Dimitar Berbatov warns Manchester United’s Shola Shoretire not to relax

The 17-year-old came off the bench to make his senior debut against Newcastle at the weekend, playing the final minutes in what he described as a “dream come true”.
American golfing icon Tiger Woods has been taken to hospital with what reports called “multiple leg injuries” after his car somersaulted in a crash.

Tiger Woods transferred to Los Angeles hospital for further treatment

Golf superstar Tiger Woods has been transferred to a Los Angeles medical facility for further treatment, according to a statement Thursday from the hospital where he underwent surgery for serious leg injuries after his car crash.