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VP Osinbajo: Nigeria needs $3 trillion to bridge infrastructure gap
The Vice President, Prof. Yemi Osinbajo, on Thursday, said Nigeria requires about $3tn over the next 30 years to bridge the infrastructure gap across the country.
Nigerian government targets 625,000 jobs through establishment of 35,900 hectares of irrigable land
The Federal Government on Thursday announced that it is targeting to create 625,000 jobs in the country through the establishment of 35,900 hectares of Irrigable land.
Nigerian government, labour engage stakeholders on way forward over electricity tariff
Following the recent introduction of the revised service reflective electricity tariff, the Federal Government in conjunction with the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), yesterday, engaged the stakeholders on the right way to fully implement the tariff.
CBN releases banks’ excess CRR to spur economic recovery
As part of efforts to support economic recovery and propel the quest to return to the growth path, the Central Bank of Nigeria (CBN) has approved the release of banks’ excess cash reserve requirement (CRR), which is above the regulatory minimum.
Experts identify free zones as key route for economic recovery
As policymakers and investors explore all options available to revive the post-COVID-19 economy, a group of experts have recommended an increased focus on the industrialisation and vibrant trade flows found in Nigeria’s free trade zones.
10 FCT communities, university to benefit from OSSAP-SDGs water project
The Senior Special Assistant to the President on SDGs, Princess Adejoke Orelope-Adefulire and the Minister of State, FCT, Dr. Ramatu Tijjani Aliyu during the commissioning of the water project on Tuesday in Abaji
Reddit reveals daily active user count for the first time
Reddit revealed that it now has 52 million daily users, and the number appears to be growing quickly. Reddit told The Wall Street Journalthat daily usage grew 44 percent year over year for October, a sizable increase on a metric that speaks to just how essential a product it is to its users.
Official: Digital technology will enhance Nigeria’s socio-economic development
Permanent Secretary, Ministry of Communications and Digital economy, Musa Istifanus, has maintained that digital technology will help enhance the socio-economic development of the country by increasing the contribution of ICT to the GDP.
Malawi farmers protest cannabis license fees
Malawi’s new Cannabis Regulatory Authority this week said the country is ready to become the latest in Africa to produce the plant for medicinal and industrial use.
Stanbic IBTC Bank commits to economic growth
During the session, panellists discussed the challenges which confronted Nigeria-China trade relations as a result of the COVID-19 pandemic, as well as the impact of recent regulatory pronouncements on trade between both countries.
Moderna to seek US, EU authorization for coronavirus vaccine on Monday
Moderna Inc will apply for U.S. and European emergency authorization for its COVID-19 vaccine on Monday after full results from a late-stage study showed it was 94.1% effective with no serious safety concerns, the company said.
VAR: Football has lost its soul – Tony Cascarino
Former Republic of Ireland international striker Tony Cascarino claims that VAR is destroying the soul of football.
Sudan inflation soars, raising spectre of hyperinflation
Inflation in Sudan has risen to one of the highest levels in the world, and the country risks slipping into hyperinflation unless it gets its budget deficit and money supply under control, economists say.
Governor Uzodinma: If you’re in opposition, fasting is your hope of survival
Imo State Governor, Hope Uzodinma, yesterday in Abuja boasted that only members of the ruling party had accelerated access to federal resources, saying members of the opposition, on the other hand, could only rely...
Nigerian government seeks new Eurobond
On the same day, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, while speaking at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, predicted a two per cent growth in the country’s Gross Domestic Product (GDP) in 2021.
How to avoid online shopping scams
The holiday season is already a booming time for online shopping. The COVID-19 pandemic only increases the likelihood that when people shop this holiday season, they will choose online shopping over brick-and-mortar stores. However, this also means there is likely to be a boom in online scams.
Pharma firm in India to make Russia’s Sputnik V coronavirus vaccine
Indian pharmaceutical company Hetero will manufacture over 100 million doses of the Russian Sputnik V COVID-19 vaccine per year under the terms of a deal unveiled on Friday between it and Russia’s RDIF sovereign wealth fund.
We deliberately shut down refineries – NNPC chief
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, says the corporation deliberately shut down the nations refineries because they no longer make sense to be operated.
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No official data of persons living with disability – minister
The Federal Government has said the country does not have an official data of persons living with disability, maintaining that the 25 million number being bandied around should be taken with a pinch of salt.
Lagos bye-election: APC, PDP bicker over ‘vote buying’
Ahead of forthcoming Lagos East Senatorial District bye-election that will hold on December 5, both the All Progressives Congress (APC) and the Peoples’ Democratic Party (PDP) in Lagos State have engaged each other on allegations of voting buying.
Borno holds bye-election for state assembly
The Independent National Electoral Commission (INEC) in Borno said it has concluded necessary preparations to hold bye-elections for the two vacant seats in the state House of Assembly on Saturday.
Cross River bye-election: Court affirms Stephen Odey as PDP candidate
A Federal High Court sitting in Calabar on Thursday affirmed Dr Stephen Odey as candidate of the People’s Democratic Party (PDP) in the Cross River North Senatorial bye election.
Governor Ortom: Nigeria leaders have abandoned path of truth
Governor Samuel Ortom of Benue state Thursday said Nigeria has been plunged into several security, socio-economic challenges because those entrusted with the leadership of the country have abandoned the path of truth, equity, fairness and justice.
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CBN directs banks to close naira accounts for IMTO proceeds
Following its new policy that grants unfettered access to forex from Diaspora and other money transfer remittances, the Central Bank of Nigeria (CBN) yesterday directed all banks to close all naira ledger accounts opened for receiving International Monetary Transfer Operators’ (IMTOs’) proceeds.
President Buhari condemns ‘insane’ killing of farmers by Boko Haram in Borno
President Muhammadu Buhari has expressed grief over the killing of farmers on rice fields at Zabarmari in Jere Local Government of Borno, describing the terrorist killings as insane.
Delta governor decries oil companies’ neglect of host communities
The governor expressed the displeasure with the development when he received the Youths of Ndokwa nation in the state led by their President-General, Comrade Anslem Nzete, at Government House, Asaba.
NAFEST: NCAC chief advises golfers to use local fabrics to promote arts, culture
The Director-General, National Council for Arts and Culture (NCAC), Otunba Olusegun Runsewe, has advised golfers to use locally made fabrics to play the game to promote arts and culture in the country.
Former NCAA chief Muhtar Usman passes on
Former Director-General of the Nigerian Civil Aviation Authority, Capt. Muhtar Usman, is dead.