Mr. Zacch Adedeji, the Special Adviser to President Bola Tinubu on Revenue, affirmed the administration’s unwavering commitment to the prudent utilisation of the nation’s revenue and resources. Adedeji made this assertion during a hybrid sensitisation workshop in Abuja organised by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). The workshop aimed to raise Read More…
Shubham Chaudhuri, the World Bank Country Director for Nigeria, has praised President Bola Tinubu’s reform policies. Speaking at a symposium in Ibadan, Chaudhuri commended the policies while urging the prompt implementation of palliative measures to mitigate their impact on Nigerians. The symposium’s theme was “Economic Opportunity Pathways to Navigating Post-Reform Challenges in Nigeria,” which the Read More…
Dr. Reuben Abati, a former spokesperson for President Goodluck Jonathan, and Mr. Daniel Braie, the Managing Director of Linkage Assurance Plc, alongside a group of 100 others, were formally inducted as Fellows of the Nigerian Institute of Management Chartered (NIM) on Thursday. The announcement was made by Dr. Christiana Atako, the President of NIM, during Read More…
In a startling incident, Seplat Energy’s drilling rig, the Depthwize Majestic Rig, capsized and partially sunk during a delicate move in the swampy Delta region. This happened around 5:00 AM on a Tuesday, leading to urgent efforts to rescue the rig’s crew. The Nigeria Upstream Petroleum Regulatory Authority (NUPRC) quickly confirmed the news and stated Read More…
Nigeria’s international dollar-denominated bonds experienced a decline on Wednesday in response to remarks from the president’s spokesperson, who emphasised that petrol prices need not escalate further. The spokesperson attributed foreign exchange shortages to what he termed “gross mismanagement” at the central bank. Of note, bonds with extended maturity dates witnessed more pronounced drops. The 2051 Read More…
In a significant commitment to empowering Nigerian women and youth, Google has unveiled plans to train 20,000 individuals in digital skills while also extending a substantial grant of 1.2 billion naira ($1.6 million) to support the government’s ambitious target of generating one million digital jobs across the country. This announcement was made by Google’s Africa Read More…
Nigeria finds itself grappling with a severe dollar liquidity crisis within its foreign exchange market, a predicament stemming from years of “gross mismanagement” at the central bank, as underscored by a statement from a presidential spokesperson on Tuesday. President Bola Tinubu’s tenure has ushered in an investigation into the operational practices of the central bank, Read More…
As part of the Lagos COVID-19 Action Recovery and Economic Stimulus Programme (Lagos-CARES), a total of 1,531 processing and producing farmers have received diverse farm assets. The distribution took place at the Lagos Farm Service Centre in Agege on Tuesday. Mr Jonathan Obayemi, the State Project Coordinator for FADAMA, announced that the assets would be Read More…
The National Bureau of Statistics (NBS) has revealed a striking surge in Nigeria’s headline inflation rate, which has vaulted to 24.08% in July 2023. This alarming revelation was underscored by the NBS Consumer Price Index (CPI) and Inflation Report for July, disclosed in Abuja on Tuesday. The report spotlights the primary catalysts of this escalation: Read More…
Nigeria’s central bank is poised to shake up the currency markets with imminent measures, as disclosed by Acting Governor Folashodun Shonubi after his meeting with President Bola Tinubu. Discussions centred on strategies to enhance dollar liquidity within the official market. The backdrop to Shonubi’s meeting is the central bank’s recent announcement of a substantial $19 Read More…
