It is a pedestrian information that in his effort to cushion the effects of the rising cost of living in the country triggered by the recent removal of subsidy on petroleum products in the country, the Edo state governor, Godwin Obaseki, raised the minimum wage for workers on its payroll from N30,...
BUSINESS
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has written to the military high command, alleging illegal lifting of petroleum product by Exxon Mobil at Bonny River Terminal in Rivers State. The letter, signed by the Authority’s Chief Executive, Mr Farouk Ahmed, and addressed to the Chief of...
Sen. Hadi irika, the former Minister of Aviation and Aerospace, has said that the three billion naira released by the Federal Government towards establishing Nigeria Air is not completely spent. Sirika made this known on Sunday in Abuja during a programme on Arise TV. According to him, from 2016...
Fuel station owners and pump attendants in Kano are lamenting low patronage as patrons have reduced volume of purchases following pump price increases. Pump price of petrol was increased from N195 per litre to between N540 and N570 per litre upon the pronouncement of fuel subsidy withdrawal by President...
INTRODUCTION With the abysmal fall in oil prices, high rise in oil bunkering and consequent decline of government revenue, compounded by the near nosedive of most economic activities occasioned by high profile corruption and financial leakages in the public service, I commend the president for his foresight in taking...
Dr Samuel Nzekwe, a financial expert, says the suspension of Central Bank governor, Godwin Emefiele, is expected and over due. Nzekwe, a former president of Association of National Accountants of Nigeria (ANAN), made this known in an interview with the News Agency of Nigeria (NAN) on Sunday in Ota,...
I am an angry Nigerian and those who know me must know why I have to be! As the pioneer Administrative Secretary of the Afenifere Renewal Group (ARG), one of the major organizers of the famous ‘Occupy Nigeria’ in 2012, yours sincerely can conveniently align his thoughts with a...
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Ahmed Tinubu over “the failure to probe the allegations that USD$2.1 billion and N3.1 trillion public funds of oil revenues and budgeted as fuel subsidy payments are missing and unaccounted for between 2016 and 2019.” The...
*Says Emefiele Failed to Redeem Himself Senior Special Assistant to former Vice President Yemi Osinbajo, Laolu Akande, has called for thorough investigation of the suspended Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele. President Bola Ahmed Tinubu had on Friday suspended the CBN Governor sequel to the...
An economist, Prof. Hassan Oaikhenan, has advised the Federal Government to consider a seasoned policy-oriented economist as the next Governor for the Central Bank of Nigeria (CBN), following the suspension of Godwin Emefiele. Oaikhenan gave the advice in a telephone interview with the News Agency of Nigeria (NAN) on...
A financial expert, Mr Okechukwu Unegbu, says the suspension of erstwhile governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, is a step in the right direction. Unegbu, a past president of the Chattered Institute of Bankers of Nigeria (CIBN) said this in an interview with the...
Dr Muda Yusuf, Chief Executive Officer, Centre for the Promotion of Private Enterprise (CPPE), says the suspension of Mr Godwin Emefiele as the CBN Governor is not a surprise. Yusuf in an interview with the News Agency of Nigeria (NAN) on Friday in Lagos, said the suspension showed that “President...
A financial expert, Prof. Uche Uwaleke, says the suspension of the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele was long foretold. Uwaleke, a Professor of Finance and Capital Market at the Nasarawa State University, Keffi, said this in an interview with the News Agency of ...
By DAVID IORJA, Abuja – President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect. The Secretary to the Government of the Federation (SGF), Sen. George Akume, made this known in a statement on Friday in Abuja. According to the...
By CALLISTUS OFFOR, Abuja – The telecommunications and Information Services sector in Nigeria has, in the first quarter 2023, delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s gross domestic product (GDP), representing 14.13%. This is contained in a statement by the Director, Public...
Forum of Commissioners for Finance of Nigeria has called on the Federal Government to ensure that all accruals from the removal of fuel subsidy go to the Federation Account. Outgoing Chairman of the Forum, Mr David Olofu made the call at a valedictory session for outgoing State Commissioners for...
Dazzles stakeholders with growth across key metricsRising from a lower profit margin of N10.2billion and a debilitating Non-Performing Loan portfolio of 45 per cent in 2015, to an impressive profit of N147billion and a significantly lowered NPL rate of 5.6 per cent in 2022, FirstBank has proven that its back-to-back...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says its focus is to exceed the Organisations of Petroleum Exporting Countries (OPEC)’s oil production quota of 1.74 million barrels per day (bpd). Its Chief Executive, Mr Gbenga Komolafe, made the assertions shortly after he received an Award of Excellence from the...
By EZEKIEL OBI, Abuja- The Federal Government has approved the ratification of six maritime conventions and protocols that promote cleaner marine environment, ship-breaking criteria, global standard for fishing crew and response to oil pollution casualties. The approved instruments for ratification are: Hong Kong International Convention for Safe and Environmentally...
Ecobank has partnered with Ethiopia’s Dashen Bank to enable Ethiopians living in Europe to send money instantly using Ecobank’s Rapidtransfer International app (RTI). This is contained in a statement issued by BrandComms agency on Thursday. The statement said Ethiopians in Europe could use the Ecobank RTI to send money...