Nigerian economy
14 Jun
VFD Microfinance Bank, a leading microfinance institution in Nigeria, is proud to announce the appointment of acting key members to its management team, pending CBN’s confirmation. This strategic move underscores the bank’s commitment to its vision of becoming the number one provider of financial solutions to critical sectors of the economy and the retail segment.…
12 Jun
Chairman, Federal Civil Service Commission (FCSC), Prof. Tunji Olaopa, yesterday, outlined some measures to develop the nation’s economy.
3 Jun
A coalition of Civil Society Organizations has commended Gbenga Komolafe, the chief executive officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for his transparency, efficiency and developmental strides in the growth of the Nigeria’s oil sector. The coalition include, Rising-Up for a United Nigeria; National Coordinator, Guardians of Democracy and Development Initiative; Rural Empowerment…
28 May
Prophet Joshua Iginla, founder and general overseer of Champions Royal Assembly, has urged the Nigerian government to focus on job creation as a means of sustaining the nation's economy. This call was made during the joint birthday celebration of Iginla and his wife, Stella Iginla, at the City of Wonders Cathedral in Kubwa, Abuja. Iginla…
23 May
ActionAid Nigeria has warned that the Tuesday increase in the monetary policy rate by the Central Bank of Nigeria (CBN) would lead to higher borrowing costs for businesses and small and medium-sized enterprises (SMEs) and stifle economic growth.
4 May
Nigerians are fuming as they grapple with an unprecedented surge in inflation, which reached a staggering 31.7% in February 2024. The economic strain on its citizens is becoming increasingly unbearable and a new report titled “The Price Is Everything” from SBM Intelligence does a great job of tracking the trajectory taken by inflation for a…
2 May
Australia-based Nigerian publisher of 9News Nigeria and CEO of Nine Communications Nigeria Limited, Mr. Obinna Ejianya has urged President Bola Ahmed Tinubu’s government to rethink the annulment of the fuel subsidy removal policy in order to save the Nigerian economy and stabilize the foreign exchange value of the Naira. In his article published on 9News Nigeria on Tuesday, Mr.…
28 Apr
Even before President Bola Tinubu assumed office, we needed to understand the root cause analysis of why we were where we were in the energy space beyond crude theft.
23 Apr
Dangote Petroleum Refinery has announced another significant reduction in the prices of diesel and aviation fuel to ₦940 and ₦980 per litre, respectively. This follows an earlier reduction to ₦1,000 per litre. The new pricing is designed to help mitigate the effects of economic hardship in Nigeria and comes just a week after the company,…
19 Apr
The Lagos Chamber of Commerce and Industry (LCCI) is deeply worried about the various economic headwinds confronting the stability of the Nigerian economy.
16 Apr
In a groundbreaking development for consumers across Nigeria, Dangote Petroleum Refinery has made a historic announcement by further reducing the price of diesel from ₦1,200 to ₦1,000 per litre. This move comes in the wake of the refinery's recent introduction of diesel at a remarkably discounted rate of ₦1,200 per litre just three weeks ago.…
10 Apr
The president of Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA), Sir Odeiga Jideonwo, has commended the Dangote Group, led by its President, Aliko Dangote, for adding, “immense value to the Nigerian economy and still going stronger.” Mr. Jideonwo stated this at the 35th Enugu International Trade Fair, held Wednesday, 10th April, 2024 with…
Latest
11 mins ago
Excited spectators plodded through puddles Saturday to reach the most spectacular venue of the Paris 2024 Olympics, with beach volleyball kicking off in the shadow of a just-visible Eiffel Tower. After a rain-soaked opening ceremony the night before, the first day of sporting action was equally wet, and crowds at the purpose-built stadium huddled under…
25 mins ago
The Senate has confirmed the passing of Sen. Ifeanyi Ubah (APC- Anambra). The confirmation is in a statement by Senate Spokesperson, Sen. Yemi Adaramodu on Saturday in Abuja. He stated that “it is with deep sorrow and profound regret that the Senate announces the passing of our esteemed colleague, Sen. Ifeanyi Ubah, who, until his…
39 mins ago
Warns about failing aides in time of need The former southeast campaign spokesman to President Bola Tinubu, Denge Josef Onoh, has raised concern at the silence of a great number of the president's appointees at the most critical time the administration is facing anticipated mass protests. Onoh while quoting from the Holy Bible discribed the…
56 mins ago
A construction expert and Deputy President, International Federation of Consulting Engineers (FIDIC) Africa, George Okoroma, has expressed worry over the reoccurring building collapse in the country and called for appropriate measures to curb it. Okoroma, who attributed the incidents of collapsed buildings to poor adherence to professional ethics and standards, lamented that the unabated challenge…
1 hour ago
Reactions have continued to trail the recent Supreme Court judgment granting financial autonomy to the 774 local government (LG) councils in the country, as a prominent Niger Delta leader, Goodnews Abalagha, has disagreed with former Delta State Governor, James Onanefe Ibori for his opposition to the verdict. Abalagha expressed his disapproval of Ibori’s comments, questioning…
2 hours ago
The Cocoa Farmers Association of Nigeria (CFAN) has written an open letter to the European Union (EU) Commission requesting an extension of the European Union Deforestation Regulation (EUDR) implementation. The European market, which takes up about 70% of cocoa exports from Nigeria as major buyers, has set up regulations prohibiting cocoa harvested from deforested areas…
2 hours ago
Epic Nigerian superhero animation Iyanu has been announced for the screen. Iyanu is produced by Emmy-winning company behind Oscar-winning project, Hair Love, Lion Forge Entertainment. Award-winner Serah Johnson leads the all-African voice cast as Iyanu, alongside African Movie Academy Awards (AMAA) winner Adesua Etomi-Wellington, three-time AMAA nominee Stella Damasus, multi-award-winner Blossom Chukwujekwu, and Shaffy Bello…
2 hours ago
The Oyo/Osun Area Command of the Nigerian Customs Service (NCS) has successfully intercepted and seized a significant quantity of Petroleum Motor Spirit (PMS) along the Ayegun axis of Oyo State. The Command seized 94 drums, each containing 235 litres, and 44 kegs, each containing 25 litres, totalling 23,190 litres of PMS. The Customs Area Controller…
2 hours ago
Popular oil mogul and politician, Senator Ifeanyi Ubah, is reportedly dead. The Anambra-born lawmaker reportedly passed away in London. READ ALSO:South Africans Sign Petition Against Miss S.A. Finalist, Chidimma Adetshina Ubah, who joined the All Progressives Congress (APC) a few months ago, was planning to seek the party’s ticket ahead of the Anambra State governorship…
3 hours ago
The Miss South Africa (Miss SA) pageant has become the center of a controversy surrounding the eligibility of contestant, Chidimma Adetshina. In the latest development, some South Africans have launched a petition to oppose her participation. Debate on Chidimma’s citizenship Chidimma Adetshina, a 23-year-old born and raised in Soweto, South Africa, has faced questions about…