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Monthly Archives: September, 2024

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UNDP NIGERIA REPRESENTATIVE HIGHLIGHTS ENERGY SECTOR’S CRUCIAL ROLE IN NATIONAL DEVELOPMENT

pretty onyi -
Six months ago, I began my tenure as the United Nations Development Programme (UNDP) Resident Representative in the Federal Republic of Nigeria. During this...
News

UK COMPETITION WATCHDOG ACCUSES GOOGLE OF ANTI-COMPETITIVE PRACTICES IN ONLINE ADVERTISING

pretty onyi -
The UK's Competition and Markets Authority (CMA) has provisionally concluded that US tech giant Google engages in "anti-competitive practices" within the online advertising sector....
News

NIGERIAN PROFESSIONALS IN DIASPORA (NPID) CRITICIZE ECONOMIC MISMANAGEMENT, CALL FOR URGENT REFORMS

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The Nigerian Professionals in Diaspora (NPID) have voiced serious concerns over the worsening economic situation in Nigeria, particularly following the recent hike in fuel...
News

BISHOP KUKAH URGES APC-LED GOVERNMENT TO LOWER FUEL PRICES TO EASE SUFFERING

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Roman Catholic Bishop of Sokoto Diocese, Mathew Hassan Kukah, has called on the All Progressives Congress (APC)-led Federal Government to take immediate action to...
News

NANS THREATENS NATIONWIDE PROTEST OVER FUEL PRICE INCREASE

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The National Association of Nigerian Students (NANS) has issued a warning that it will occupy major cities across the country on September 15 if...
Business

MUTUAL BENEFITS ASSURANCE PLC CALLS FOR POLICY REFORMS TO BOOST INSURANCE PENETRATION IN NIGERIA

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Mutual Benefits Assurance Plc has expressed concern over the low insurance penetration in Nigeria and has called for policy reforms to increase insurance uptake...
Business

POWER GENERATION PLUNGES NATIONWIDE BY 45.4%, INDUSTRY STAKEHOLDERS CONCERNED

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Nationwide power generation in Nigeria declined by 45.4% to 2,777.04 Megawatts (MW) yesterday, following a peak generation of 5,040.72 MW recorded at the national...
Business

VICE PRESIDENT SHETTIMA INAUGURATES $115M UPGRADE PROJECT AT WEST AFRICA CONTAINER TERMINAL

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Vice President Kashim Shettima officially inaugurated a $115 million upgrade project at the West Africa Container Terminal (WACT) in Onne, Rivers State, on Wednesday....
Business

EXPERT WARNS NIGERIANS ABOUT RISKS IN CRYPTOCURRENCY SPACE

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Alternative finance and cryptocurrency expert, Rume Ophi, has cautioned Nigerians against being influenced by celebrity endorsements or promises of quick wealth. In a statement...
Business

TRADE UNION CONGRESS OF NIGERIA REAFFIRMS COMMITMENT TO WORKERS’ RIGHTS

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The Trade Union Congress of Nigeria (TUC) has reaffirmed its dedication to protecting the rights and interests of Nigerian workers. The TUC pledged to...
Business

CBN REPORTS FIRST EXPANSION IN ECONOMIC ACTIVITIES IN 13 MONTHS

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The Central Bank of Nigeria (CBN) announced that economic activities experienced their first expansion in 13 consecutive months, reaching 50.2 index points in August...
Business

STANBIC IBTC PENSION MANAGERS REAFFIRMS COMMITMENT TO RETIREES’ WELFARE

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Stanbic IBTC Pension Managers has reiterated its dedication to the welfare of retirees and the delivery of quality service. Following the circulation of a...
Business

WIND FALL TAX AS A PATHWAY TO ECONOMIC DIVERSIFICATION IN NIGERIA

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Industry experts suggest that the recently introduced windfall tax could be pivotal in diversifying Nigeria's economy, which has long depended on the oil and...
Business

QATAR AIRWAYS EXTENDS DISCOUNT PARTNERSHIP WITH ACCESS BANK UNTIL DECEMBER 2024

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In an effort to reduce financial barriers to air travel, Qatar Airways has extended its discount partnership with Access Bank until December 2024. The...
News

FLOODING IN KANO AND JIGAWA STATES: 68 DEAD, THOUSANDS DISPLACED, AND FARMLANDS DESTROYED

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Since the onset of rainfall in July, flooding in Kano and Jigawa states has resulted in the deaths of at least 68 people. The...
News

NIGERIAN ARMY NEUTRALIZES TERRORISTS AND RESCUES HOSTAGES IN MULTIPLE OPERATIONS

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The Nigerian Army announced that its troops, in collaboration with other security forces, successfully neutralized several terrorists during a raid on a terrorist base...
News

BORNO, YOBE, AND ADAMAWA RESIDENTS REACT TO FUEL PRICE INCREASE

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The residents of Borno, Yobe, and Adamawa have voiced their shock and disappointment over the recent increase in the pump price of Premium Motor...
News

NIGERIA CUSTOMS SERVICE DEPLOYS SMART TECHNOLOGY TO BORDER TOWNS

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The Nigeria Customs Service (NCS), in partnership with the Nigerian Immigration Service (NIS), is set to implement smart technology in the nation's border towns...
Business

NAIRA DEPRECIATES TO N1,640 PER DOLLAR IN PARALLEL MARKET

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The Naira depreciated to N1,640 per dollar in the parallel market yesterday, compared to N1,620 per dollar on Wednesday. In the Nigerian Autonomous Foreign Exchange...
News

AGRICULTURE SECTOR EXPERIENCES DECLINE IN GROWTH AND ECONOMIC CONTRIBUTION

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The growth and economic contribution of the agriculture sector saw a downturn in the second quarter of 2024 (Q2’24), largely due to ongoing security...
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