The naira, on Friday, depreciated against the dollar at the parallel section of the foreign exchange market. Bureaux De Change (BDC) operators in Lagos told TheCable on Friday that the naira exchanged for N545 per dollar at the street market. This represents N15 or 2.8 percent depreciation when compared to the N530 it traded last […]
The Minister of Foreign Affairs, Geoffrey Onyeama, has said that the Buhari administration is prudent with the loans it receives from China while looking for the best deal for the country. This is as he said concerns of China’s increasing influence in Nigeria holds no water. Onyema said this on Thursday evening while briefing a […]
f National Bureau of Statistics, has declared that the nation’s economy grew by 4.03 per cent in the Third Quarter of 2021. He made the announcement on Thursday in Abuja at a media conference on the present state of the nation’s Gross Domestic Product (GDP). Harry explained that the negative GDP figures recorded in 2020 […]
The Senate has passed a bill to establish the real estate regulatory council of Nigeria. The bill is tagged: The Real Estate Regulatory Council of Nigeria (Establishment) Bill, 2021. The passage of the bill followed the consideration of a report by the Committee on Establishment and Public Service. The report was laid during plenary by […]
The World Bank has raised alarm over the threat of insecurity and COVID-19 pandemic on Nigerian households’ food security. In a new report, “COVID-19 in Nigeria: Frontline Data and Pathways for Policy”, released in Washington, last night, the bank said Nigeria “already faced complex development challenges, the pandemic continues to affect health outcomes, human capital […]
The International Monetary Fund (IMF) says there is a need to manage cyber security and operational risks associated with the eNaira, Nigeria’s new central bank digital currency (CBDC). IMF said the eNaira is expected to increase financial inclusion and facilitate remittances, but potential risks will need to be addressed. Jack Ree, an economist at the […]
The Ogoni Liberation Initiative (OLI) has urged the federal government and Nigerians to intensify efforts from dependence on oil to other renewable products as a source of fuel. At a graduation ceremony for Ogoni youth trained on solar energy production in Abuja, Dr. Douglas Fabeke, noted that this is for Nigeria to be competitive in […]
The National Judicial Council on Tuesday said the current galloping inflation in the country was affecting the administration of justice in the country. The Executive Secretary of NJC, Ahmed Saleh stated this when he appeared before the Senate Committee on Judiciary, Human Rights and Legal Matters, chaired by Senator Opeyemi Bamidele. Saleh was in the […]
The Federal Ministry of Communications and Digital Economy, has directed the National Communications Commission (NCC), to provide grants for tertiary institutions to enhance research on robotics and emerging technologies. The Minister of Communications and Digital Economy, Prof. Isah Pantami, disclosed this during the International Conference on Computing and Advances in Information Technology, organised by Ahmadu […]
Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, Monday issued a 14-day nationwide strike notice, accusing Chevron Nigeria Limited, CNL, Nigeria Agip Oil Company, NAOC, National Petroleum Development Company , NPDC, among others, of unfair Labour practices including indiscriminate sack of members without payment of their benefits. NUPENG lamented that some of the issues […]
