The President, Major General Muhammadu Buhari (retd.), and security chiefs are meeting at the Presidential Villa at present. The agenda of the meeting is unknown. However, sources at the Presidential Villa say it may be unconnected with a review of the security situation in the country. Punch Pix: President Muhammadu Buhari
The poverty rate in Nigeria could become worse, with up to 30 million more people falling into the extreme poverty trap in the next 10 years, unless Federal Government policy reforms bring about robust productivity and inclusive growth. The World Bank disclosed this in its latest Nigeria Economic Update, obtained from its website. “Nigeria’s population […]
The Central Bank of Nigeria has reduced charges on current account and some other services. It stated that card maintenance fee on current account had been removed as the accounts already attracted account maintenance fee. The CBN clarified charges that depositors should know about their accounts with their lenders in its revised guide to charges […]
Nigerian telecoms group IHS Towers said on Monday it has agreed to buy Brazilian telecoms infrastructure company Cell Site Solutions (CSS) from Goldman Sachs and Centaurus Capital LP for an undisclosed amount, to expand in Latin America. The acquisition is part of IHS’s strategy to become the leading owner, operator and developer of shared telecommunications […]
Nigeria’s excess crude account stood at $324.54 million as of November 20, the accountant general said on Thursday. Ahmed Idris gave the figure during a meeting of the country’s National Economic Council. The oil savings account, which holds dollar reserves from sales of crude above the assumed benchmark price, contained $1.92 billion as of June […]
By Foster Obi Federal Airports Authority (FAAN) has praised the path chosen by one of its staff that was honoured recently by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). Mrs. Josephine Ugwu was on Tuesday bestowed with an Intergrity Award by the ICPC for her honesty and integrity in the discharge of […]
The Nigerian government has fast-tracked a law that would render billions in planned offshore oil investments unprofitable and cut nearly 30% from the potential offshore output, an industry group said. The measure, which aims to add some $1.5 billion to government coffers in just two years, is the latest to target additional cash from offshore […]
South African President Cyril Ramaphosa will host Nigerian President Muhammadu Buhari for talks, weeks after xenophobic violence strained economic ties between the two nations. Nigeria recalled its high commissioner and evacuated some of its citizens last month after a spate of attacks in South Africa left at least 12 people dead, two of them foreigners. […]
By Foster Obi ….To take more deliveries before year end Nigerian carrier, Dana Air has given its strategic route expansion plan a push with the arrival in Lagos of one of its newly acquired Boeing 737 aircraft. The Managing Director / Chief Executive officer of Dana Air Jacky Hathiramani in a statement said the aircraft […]
The Inspector-General of Police (IGP), Mohammed Adamu, says the Federal Government is to recruit 40,000 Community Police Constables across the federation as part of the measures to strengthen community policing in the country. Adamu said this on Thursday in Enugu during the launch of the Police Campaign Against Cultism and Other Vices (POCACOV). He said: […]