The World Bank has advised the Federal Government to tackle spiralling inflation in the country within the next six and 10 months. Its Lead Economist for Nigeria, Dr. Marco Hernandez, who spoke during a virtual roundtable organised by the Nigerian-British Chamber of Commerce (NBCC) said Nigeria should, in the next six to 10 months, bring […]Read More
The social network platform which rose to prominence over two decades ago announced Thursday that it is renaming itself. The Mark Zuckerberg company will now be known as Meta, a nod to its future digital frontier Metaverse, a fusion of different digital worlds. Speaking at a virtual event to showcase Facebook’s technological plans for the future, […]Read More
The Lagos State Ministry of Energy and Mineral Resources has informed residents of Lekki, Ibeju and environs of a new power supply plan to the areas, noting that the State Government has entered a partnership with African Development Bank and Eko Electricity Distribution Company (EKEDC) to improve the present power situation within Lekki and its […]Read More
Less than 48 hours after its official launch by President Muhammadu Buhari, the individual wallet for eNaira has recorded more than 100,000 thousand downloads on Google Playstore alone. Apple’s App Store does not readily show an estimate of downloads. The Nigerian official Central Bank Digital Currency (CBDC) was initially scheduled for launch on October 1 […]Read More
The Lagos State Government has pledged continued support to Small and Medium Enterprises (SMEs), particularly players within the agribusiness space. The State Commissioner for Agriculture, Ms. Abisola Olusanya, gave the assurance in Lagos today at the flag-off of the 4th edition of the State Ministry of Agriculture Entrepreneurship Development Institute’s Training Programme. Ms. Olusanya, who was […]Read More
The federal government has reassured Nigerians of its commitment to make the country self-sufficient in food production, employment and wealth creation. The Minister of Water Resources, Suleiman Adamu gave the assurance in Ilorin, Kwara state capital on Tuesday during the North-Central regional workshop on establishment /strengthening of water association for management of public irrigation schemes. […]Read More
The projection is contained in the bank’s Africa Pulse, a biannual analysis of the near-term macroeconomic outlook for the region. In June, the World Bank had set the GDP growth rate at 1.8 percent. The higher growth rate published this month is expected to be supported by the service sector. However, the rate remains low […]Read More
Nigerian and other African airlines will see a very slow pace of recovery in financial performance from a $1.9bn loss in 2021 to a $1.5bn loss in 2022, bringing the continent’s total loss in two years to $3.4bn (N1.4tn), the International Air Transport Association has said. According to the Geneva-based airline body, low vaccination rates […]Read More
Oil prices climbed above $81 on Monday as the Organisation of Petroleum Exporting Countries and its allies announced that it would maintain its steady output increase by 400,000 barrels per day in November, its highest since 2014. OPEC also said Nigeria’s crude oil production slipped by 130,000 barrels per day in the third quarter of […]Read More
ADVERTISEMENT The Nigeria Customs Service (NCS) has intercepted 15 sacks of pangolin scales weighing 1,014.5kg with a value of over N1.7 billion. The National Public Relations Officer, NSC, DC Joseph Attah, disclosed this to journalists on Monday. He said two suspects were arrested with the items. “This criminality was not essentially a Nigerian thing, sadly some foreigners […]Read More