(Luke 19:1-10; 1 Timothy 6:6-10) In his book, The Christian in Business, John E. Mitchell asks “Will Christianity and Business mix? Is God interested in the way we do our work? Is He interested in a lathe operator and in the quantity and quality of his output? Is He interested in a watchman as he Read More…
Business
Tinubu seeks N620 bn WB loan to cut fuel subsidy removal impact
Nigeria’s President, Bola Tinubu, made a request to the Senate on Thursday to approve a N62 billion ($800 million) loan from the World Bank. The loan aims to fund a social programme aimed at easing the impact of high fuel prices following the removal of a popular but costly petrol subsidy. In a letter to Read More…
DMO Encourages Investors to Seize Opportunities with FGN Savings Bonds
The Debt Management Office (DMO) issued a call to investors on Thursday, urging them to seize the opportunities presented by the Federal Government of Nigeria (FGN) savings bonds, which are offered at a minimum investment amount. The call was made during the FGN Securities Awareness Programme held in Lagos, organized in collaboration with CSL Stockbrokers Read More…
Naira Shows Signs of Strength as it Appreciates Against the Dollar
The Nigerian Naira displayed a positive trend on Wednesday as it witnessed appreciation against the dollar, exchanging at N782.49 at the investors’ and exporters’ window. This marks a gain of 0.75 per cent compared to Tuesday’s exchange rate of N788.42. The open indicative rate, a reference point for currency exchange, closed at N775.75 to one Read More…
Tinubu Promises Palliatives After Fuel Subsidy Removal
President Bola Tinubu assured Nigerians on Wednesday in Abuja that the government was working on a framework for palliatives to address the consequences of fuel subsidy removal. He emphasized that the decision to phase out the subsidy was made in the country’s best interest and to secure future prosperity. During a courtesy visit by members Read More…
New FG car industry growth plan sets the stage for local electric car manufacture
The first-ever National Investment Policy for Nigeria (NInP) has been approved for execution, and a new National Automotive Industry Development Plan (NADIP) covering the years 2023 to 2033 has also been adopted by the Federal Government. This was revealed by Otunba Adeniyi Adebayo, Minister of Industry, Trade, and Investment, in a statement issued by Mrs. Read More…
Africa most exposed to climate risks – AfDB
The African Development Bank (AfDB) Group warns again that Africa is extremely vulnerable to climate hazards. The bank claimed in a statement published on its website on Tuesday that Africa contributed the least to global pollution. It was acknowledged in the declaration that African countries generally were experiencing difficulties in obtaining sufficient funding. “Thus, resources Read More…
Nigerian population too large; fertility rate too high – UNFPA study
A public survey by UNFPA for a 2023 report has found that the most commonly held opinion in India, as well as in Brazil, Egypt and Nigeria, is that the population in each country “is too large and fertility rates were too high.” The projected Nigerian population today stands at 221 million. Due to the Read More…
Aviation employees’ strike causes Lagos airport access roads gridlocks
Workers in the aviation industry began a warning strike on Tuesday, closing down offices of several aviation organisations in Lagos. The Nigerian Civil Aviation Authority, the Federal Airports Authority of Nigeria, and the Nigeria Airspace Management Agency were all closed. Union members surrounded Lagos’s Murtala Mohammed International Airport, causing traffic jams in the area. Unionists Read More…
Nigerian tin opportunity as Myanmar’s supply disruption bedevils global tin supply
As a result of reports that Myanmar, the third-largest producer of the soldering metal in the world, may suspend production, tin prices shot up on Monday, creating an opportunity for increased Nigerian tin supply. The price of three-month tin on the London Metal Exchange increased by 11% to a two-month high of $27,705 a tonne Read More…