President Muhammadu Buhari has said that a recent directive he gave the country’s Armed Forces and all uniformed organisations to use Nigerian-produced garments for their uniforms was meant to create many jobs and boost the economy. “As a starting point, I recently directed all government uniformed institutions to patronise the use of locally-produced garments. Already, […]
The Central Bank of Nigeria has added three new banks to the list of Deposit Money Banks and financial holding companies operating in Nigeria. This raised the number of lending institutions from 21 to 23 on its DMB’s list. Titan Trust Bank Limited got a commercial banking licence with national authorisation, increasing the commercial banks […]
Neymar will travel on an upcoming tour of China with Paris-Saint Germain, the club said Tuesday, as the troubled Brazilian superstar’s future remains up in the air amid mounting signs he is unhappy at the French champions. The 27-year-old, who has been repeatedly linked to a move to Barcelona, failed to show up to PSG’s […]
Nigeria’s central bank is to begin monthly reviews of bank loan-to-deposit ratios as part of a bid to increase lending and stimulate growth in Africa’s biggest economy, its governor said on Tuesday. Godwin Emefiele announced the move at a news conference in the capital, Abuja, after telling reporters rate setters voted unanimously to hold the […]
Two members of the House of Representatives from Ebonyi State, Messrs Laz Ogbee and Anayo Nwonu, have described as mischievous, malicious and cheap propaganda, the allegations on the social media that some members of the national Assembly from the state have constituted “Abuja group” to fight and foist a successor on the State Governor, Dave […]
The Coalition for Whistleblowers Protection and Press Freedom (CWPPF) condemns the fatal attack on ChannelsTV reporter, Precious Owolabi, an attack that has resulted in his death. The group demands immediate action to be taken to investigate and bring to justice the perpetrators of this heinous act. Mr Owolabi, a corps member serving with Channels Television, […]
Stakeholders in the agriculture sector say the signing of the African Continental Free Trade Agreement (AFCFTA) by President Muhammadu Buhari calls for urgent and massive investment in the sector. They emphasised that massive and unprecedented investment in the sector would boost domestic consumption, rural infrastructural development and export promotion with many opportunities for the country […]
A sub-station of the National Emergency Management Agency (NEMA) at the federal secretariat, Abuja, is currently on fire. Two vehicles of the agency were set ablaze while firefighters are currently battling to put out the inferno. A witness told The Cable that aggrieved members of the Islamic Movement in Nigeria (IMN) better known as Shi’ites […]
Oil prices rallied as market trading resumed globally on Monday following the seizure of a British-flagged tanker by Iran on Friday, adding to tensions in the Middle East. Brent gained 2.3 per cent and was trading at $63.92 per barrel at 12.26pm UAE time as the markets recovered from a decline over the previous week, […]