President Tinubu says his administration is committed to providing the necessary support for Micro, Small, and Medium Enterprises (MSMEs) to unlock their full potential and ensure their long-term success. Tinubu said this at the 2023 Edition of the Lagos International Trade Fair (LITF) organised by the Lagos Chamber of Commerce and Industry (LCCI) on Friday…
The Federal High Court in Abuja has given former Governor of the Central Bank of Nigeria, Godwin Emefiele, till January 25 to appear in court to explain the circumstances surrounding the $53m judgment debt arising from the Paris Club refund. Justice Inyang Ekwo, in a short ruling on Wednesday, gave Emefiele another opportunity to appear…
The Central Bank of Nigeria has denied claims that it plans to redenominate the country’s currency, Naira, with effect from January 2024. Isa AbdulMumin, CBN’s Director of Corporate Communications, made this known today in a statement. The reaction of the apex bank comes following a claim suggesting that it plans to redenominate the country’s legal…
By Fatimah Akinade A Former Commissioner for Ondo State Ministry of Agriculture and Rural Development, Honourable Olaoye Olohungbogbo has urged Nigerians, especially the youth to return to farming, for food security. Honourable Olohungbogbo made this known while featuring on “The Grey Hair ”, Pensioners’ FM programme which profiles the past life of the elderly. According…
The naira continued its downward trend against the dollar at the official and parallel foreign exchange market on Thursday. According to FMDQ, the naira exchanged at N837/$1 on Thursday, a marginal increase from the N802/$1 traded on Wednesday. Similarly, in the parallel market, the country’s currency also depreciated. According to a Bureau De Operator in…
As the nation continues to grapple with economic hardships occasioned by soaring inflation, many Nigerians are running out of patience. Report had that rising inflation; debt management and a forex crisis are headaches for the barely five-month-old administration of President Bola Ahmed Tinubu. According to the National Bureau of Statistics, NBS, millions of Nigerians were…
The Nigerian Association of Liquefied Petroleum Gas Marketers has accused terminal operators of incessantly increasing the price of gas, exploiting and limiting its availability to Nigerians. The marketers, led by the association’s president, Oladapo Olatunbosun. on Monday, told the Senate that the Nigeria Natural Liquefied Gas has been consistent with its supply but the cabals…
The Federal Government has said it is facing enormous challenges and revenue deficit amid a growing population. The Minister of Budget and National Planning, Atiku Bagudu, lamented that the Federal Government was struggling to pay salaries because there is no money. He urged non-governmental organisations to help the government to cover the spaces it could…
President Bola Ahmed Tinubu has approved the sum of N35,000 as wage award to all Federal civil servants. The new pay will be effective from September 1, 2023, as contained in a memo from the Presidency and signed by the Chairman, Chief Executive Officer, CEO of National Salaries, Incomes and Wages Commission, Ekpo U. O….
President Bola Ahmed Tinubu has said that the era of exporting raw gold, lithium and other minerals is gone for good. The Nigerian leader said that many local companies have already adjusted their business plans to the new normal, urging others to do same. The President said the creation of the policy of value addition…