By Aderogba George The National Action on Sugar Reduction (NASR), a coalition, has said that the current tax rate of N10 per litre on Sugar Sweetened Beverages (SSB) falls below the World Health Organisation (WHO) recommendations. Spokesperson of the coalition, Omei Bongos, stated this in a statement to commemorate the inauguration of the powerful Public […]
By Grace Alegba Dr Muda Yusuf, founder of the Centre for the Promotion of Private Enterprise (CPPE), says the upward adjustment of capital requirements for banks will improve their ability to manage risks and withstand economic shocks. Yusuf said this in a statement on Friday while responding to CBN’s announcement on recapitalisation requirements for banks. […]
By Deborah Coker The Ijaw National Congress (INC), has condemned the raid by the Nigerian Army on the country home of Ijaw leader, Chief Edwin Clark in Kiagbodo, Burutu Local Government Area of Delta. This is contained in a statement by Prof Benjamin Okaba, President, INC in Abuja on Saturday. Okaba said the raid by […]
By Sumaila Ogbaje The Chief of Defence Staff (CDS), Gen. Christopher Musa, says that sacrifice and courage are at the core of the professional calling as members of the Armed Forces of Nigeria (AFN). Musa said this in his Easter Message on Friday in Abuja. He expressed profound gratitude to God for granting them […]
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN), has increased the minimum capital requirement for Deposit Money Banks (DMBs) with national licences from N25 billion to N200 billion. The apex bank also increased capital requirement for banks with regional licences from N15 billion to N50 billion , and those with international licences from N100 […]
African countries are predicted to dominate the world’s top 10 highest growing economies in 2024, Economic Commission for Africa (ECA) says in its Economic and Social Developments in Africa report. Mr Adam Elhiraika, Director, Macroeconomics and Governance Division at ECA, said this in a statement issued on the commission’s website. Elhiraika said the most notable […]
By Stanley Nwanosike The Enugu Electricity Distribution Company (EEDC), says at least 170 incidents of electrical installation vandalism were reported within two years and two months in the South-East. The company also said that about 135 suspected vandals were arrested and handed over to the police at different stations, out of which over 100 […]
By Taiye Olayemi Lagos, March 29, 2024 (NAN) Spotify, a global streaming platform, says Nigeria’s Podcast listenership and gospel music streams have increased from 2022 to 2024 by 482 per cent and 1228 per cent respectively. Phiona Okumu, Spotify’s Head of Music, Sub-Saharan Africa, who disclosed this in a statement on Friday, said this was […]
By Sumaila Ogbaje The Defence Headquarters (DHQ) has declared eight persons wanted in connection with the gruesome murder of 17 officers and soldiers of the Nigerian Army on March 14 in Okuama community in Delta. The wanted persons include seven men and one woman. They were identified as Akevwru Daniel Omotegbono (Amagbem); Prof. Ekpokpo Arthur; […]
Bulgaria is facing the possibility of its sixth general election in just three years after talks to form a new government cabinet failed again on Wednesday. The second-strongest parliamentary group of the pro-Western liberal-conservative PP-DB alliance on Wednesday returned the government mandate it had just received from head of state Rumen Radev. This was the […]