The Federal Government has started the implementation of the 20 per cent increment in pensioners monthly take-home under the Defined Benefit Scheme (DBS), according to retirees’ welfare group, Nigeria Union of Pensioners (NUP). The union hailed President Bola Tinubu for the increment and the introduction of a minimum pension of ₦32,000 for retirees. The 20…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has stressed the need for bold reforms and smarter investments to ensure sustainable development across member nations. #He urged the Islamic Development Bank (IsDB) to rethink its development financing approach to address current global economic realities. Edun spoke at the IsDB Governors’…
Nigeria government said it is working to put an end to the national embarrassment usually caused by incessant collapse of the national electricity grid. It added that the issue has come to stay for now but would be tackled in the long term. The Minister of Power, Adebayo Adelabu, who spoke during a budget defence…
After over a decade of stagnant telecom end user tariff regime, the Federal Government, yesterday gave an indication that indeed, there will be a review, but not the 100per cent pushed for the mobile network operators (MNOs), themorningstar.com.ng reports on the implications of the development. For most part of last year, the push for an…
Oil prices eased marginally by one per cent in volatile trade following weak economic news from the U.S. and Germany. Earlier in the day, crude prices were on track to close at 12-week highs on support from a weaker U.S. dollar and as a winter storm boosted demand for energy to heat U.S. homes and…
Nigerian private sector appears to have experienced improvement during the final month of last year, according to report on Purchasing Managers’ Index (PMI). The report explained that overall business conditions improved as new orders increased for the second month running and renewed expansions were seen in output, employment and purchasing. That said, rates of inflation…
By Aliyu Gaya Corporate blackmail is fast becoming the fancy of some netizens, corporate bodies, individuals, especially fly-by-night persons who target the rich and their businesses for diverse reasons. It’s not restricted to Nigeria, though. The likes of Aliko Dangote, Mike Adenuga, Leo Stan Ekeh, Segun Agbaje, Tony Elumelu, and corporates like GTCO (Guaranty Trust…
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have ordered banks to pay ₦212.5 billion—85per cent of a ₦250 billion debt owed to telecom operators for USSD charges—by December 31, 2024, to a December 20 memo.USSD stands for Unstructured Supplementary Service Data, a communication protocol that allows a phone to connect…
Global oil prices inched upward on Tuesday, rebounding slightly from earlier losses as an optimistic market outlook offered support despite subdued trading ahead of the Christmas holiday. Brent crude futures rose by 42 cents, or 0.6 per cent, settling at $73.05 per barrel, while U.S. West Texas Intermediate (WTI) crude gained 38 cents, or 0.6…
