The Lagos Chamber of Commerce and Industry (LCCI) has urged monetary and fiscal authorities to significantly address deep rooted challenges contributing to high inflation, particularly in cost of food and core categories. In a statement, its Director-General, Dr Chinyere Almona, acknowledged the many efforts of the government towards easing the monetary regime. She said the…
Minister of Marine and Blue Economy, Adegboyega Oyetola emphasised the Federal Government commitment to ensuring that maritime agencies under the ministry operate in line with global best standards. He spoke ahead of 2024 World Maritime Day with the theme “Navigating the Future: Safety First”. He said this year’s theme is particularly relevant, as safety is…
Nigeria’s data agency, the National Bureau of Statistics (NBS) yesterday said Nigeria’s unemployment rate increased from 5.0per cent in third quarter 2023 (Q3 2023) to 5.3per cent in Q1 2024. NBS, in statement on “Nigeria’s Labour Force in Focus: NBS Published the 2023 Annual and Q1 2024 Labour Force Survey Results,” said: “The unemployment rate…
Kuda has introduced a new feature allowing its customers to purchase eSIMs directly from the Kuda app. This innovative service provides users with virtual SIM cards for seamless internet access across more than 60 countries including the US, UK, Canada, and Saudi Arabia as well as top tourist and business destinations in Europe and Africa….
President Bola Tinubu has reiterated his administration’s determination to restore the Federal Government’s authority wherever it is under threat, as part of broader efforts to stabilize the ailing national economy.Director-General, Budget Office of the Federation, Tanimu Yakubu, who spoke during the commencement of the training for Ministries, Departments, and Agencies (MDAs) on the preparation of…
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to probe Ecological funds management in Borno State. It said the probe should begin from 2001. In an open letter signed by its Deputy Director Kolawole Oluwadare, it highlighted concerns over the management of the funds, particularly the N816 million collected from January…
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has expressed concerns over decision by the Central Bank of Nigeria (CBN) to increase the monetary policy rate to 27.25 per cent. In a statement yesterday, the National President of NACCIMA, Dele Kelvin Oye Esq., said the decision burdens businesses with higher loan…
Nigeria and Zipline, a company that specializes in autonomous delivery, have partnered to boost the country’s infrastructure, positioning it to leapfrog barriers to economic growth and development. The Federal Government will leverage the company’s drones to promote health access and equity for delivery. Tomorrow (Sept 26, at the United Nations General Assembly, Zipline and the…
THE Federal Government of Nigeria, through the Debt Management Office (DMO), has offered three FGN bonds valued at N150 billion for subscription at N1,000 per unit. According to a statement by the DMO yesterday, the first offer is an April 2029 FGN bond valued at N70 billion at an interest rate of 19.30 per cent…
