2 mn read The National Chairman of the All Progressives Congress (APC), Abdullahi Ganduje, has called on the people of Ondo State to support Governor Lucky Aiyedatiwa in his re-election campaign, advocating for continuity in his progressive leadership. Ganduje made this appeal during the inauguration of the APC Governorship Campaign Council in Akure, which is led by Lagos […]
< 1 mn read Inconsistent policies and poor implementation are significant obstacles to Nigeria’s industrialization efforts, making investment planning challenging for manufacturers. This observation was made by the President of the Lagos Chamber of Commerce and Industry (LCCI), Gabriel Idahosa, along with other experts at the recent LCCI symposium titled “Industrial Symposium: Industries as the Catalyst for Growth and […]
< 1 mn read In its latest World Economic Outlook, the International Monetary Fund (IMF) has highlighted a major shift in global manufacturing from advanced economies to emerging markets, with India and China leading the change. This trend underscores the growing influence of emerging economies in the global manufacturing landscape. The IMF report forecasts India’s GDP growth will moderate […]
< 1 mn read The Nigerian art scene is thriving, with emerging talents making waves. One such standout is Adetola Odunlami, a self-taught artist preparing for his first exhibition, SOUGH, set to open on Monday, October 28, and run through November 4, 2024, at Esoteric Design in Victoria Island, Lagos. Odunlami’s journey to art is as unconventional as it […]
< 1 mn read The Naira is facing a significant depreciation trend, closing at N1,740/$1 in the parallel market over the weekend, which indicates a reversal of the gains recorded earlier this year. While the Nigerian Autonomous Foreign Exchange Market (NAFEM) rate showed slight stability at N1,600/$1, there is anticipation that the Central Bank of Nigeria (CBN) might step […]
< 1 mn read Police in Lagos have arrested a 33-year-old woman, Ms. Alice Udey, accused of stealing over $60,000 worth of jewelry from her employer just hours after being hired as a maid. Authorities believe Udey’s actions may be linked to an organized crime ring targeting wealthy households. The theft, which took place over a year ago, prompted […]
< 1 mn read Former President Olusegun Obasanjo has urged wealthy Nigerians to play a crucial role in alleviating the economic hardships faced by the less privileged in the country. He made this appeal during the 25th Omo Olowu Day celebration, which took place at Oba Odeleye Park in Abeokuta. Obasanjo emphasized the importance of community support and collaboration, […]
< 1 mn read The Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, addressed key economic challenges at the 2024 Global Policy Agenda briefing, part of the ongoing IMF/World Bank Annual Meetings in Washington, DC. She emphasized the strain high prices continue to place on families globally, despite a decline in inflation. Georgieva warned that the […]
< 1 mn read The Association of Corporate Treasurers of Nigeria (ACTN) is set to host its 2024 Treasury360 Conference & Exhibition, focusing on inflation and interest rate uncertainties impacting businesses across Nigeria. Scheduled for November 14, 2024, at the Muson Center, Onikan, Lagos, the conference will be held under the theme, “Policy Implications & Building Sustainable Treasury Strategies: […]
< 1 mn read Following allegations of N3 billion fraud against the National Assembly chapter leadership of the Parliamentary Staff Association of Nigeria (PASAN), the Federal Ministry of Labour and Employment has summoned both PASAN’s executive and some aggrieved members to a meeting. The meeting invitation, signed by Amos Falonipe, Director/Registrar of Trade Union Services and Industrial Relations on […]
< 1 mn read The International Finance Corporation (IFC), a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have signed an agreement to increase local currency financing for private businesses in Nigeria by $1 billion. This partnership aims to support priority sectors like agriculture, housing, infrastructure, energy, small and medium enterprises (SMEs), and the […]
2 mn read There are indications that the Nigerian Sugar Master Plan (NSMP) has been revitalized after approximately 12 years of underperformance since its establishment. The NSMP, designed by the National Sugar Development Council (NSDC) to boost local sugar production and develop the entire value chain for self-sufficiency, has struggled, particularly in the area of backward integration, since […]
2 mn read The Senate has directed the Nigeria Deposit Insurance Corporation (NDIC) to maximize value from the remaining assets of the defunct Heritage Bank. This charge was issued by Senator Adetokunbo Abiru, Chairman of the Senate Committee on Banking, Insurance, and Other Financial Institutions, during the NDIC retreat in Lagos, themed “Building Resilient Financial Systems through Effective […]
2 mn read “He is a fool who trusts to luck; one should play a safe game.” — Leo Tolstoy, VANGUARD BOOK OF QUOTATIONS. “Fools rush in where angels fear to tread.” — Alexander Pope, VBQ In times of economic uncertainty, the wisdom of past sages becomes essential. Throughout history, there have always been those willing to exploit […]
2 mn read Nigeria’s decision to halt Shell’s $2.4 billion onshore asset sale to Renaissance Group has drawn concern from foreign investors, as noted by Reuters. This comes at a time when President Bola Tinubu’s administration is actively seeking foreign investment to spur economic growth and enhance Nigeria’s international business profile. Despite these intentions, the government’s recent decision […]
< 1 mn read President Bola Tinubu recently transmitted four bills aimed at overhauling Nigeria’s tax system to the National Assembly, sparking discussions on the potential impacts on citizens. Concerns arose about whether these bills might raise tax rates, increasing financial burdens. However, proponents argue that the bills are designed to create a more efficient, supportive tax system, addressing […]
< 1 mn read A coalition of Nigerian youth, student, and civil society organizations is calling for the immediate dismissal of Inspector-General of Police (IGP) Kayode Egbetokun, citing increasing allegations of police brutality and misconduct under his leadership. This demand follows the arrest of Peace Corps of Nigeria (PCN) Commandant Dickson Akoh and 16 officers, which the coalition views […]
< 1 mn read A coalition of Nigerian youth, student, and civil society organizations has demanded the immediate dismissal of Inspector-General of Police (IGP) Kayode Egbetokun, citing alleged police brutality and misconduct. This call follows the arrest of Peace Corps of Nigeria (PCN) Commandant Dickson Akoh and 16 officers, an incident the coalition views as emblematic of escalating abuse […]
< 1 mn read The National Inland Waterways Authority (NIWA) has announced plans to phase out wooden boats to enhance waterway safety in Nigeria. During an interactive session in Lagos, NIWA Managing Director Bola Oyebamiji highlighted that wooden boats, which make up over 90% of the vessels on Nigeria’s inland waterways, are responsible for most of the country’s waterway […]
< 1 mn read Moving from a “Change” agenda to a “Renewed Hope” vision can indeed be costly, both in terms of finances and resources. These transitions often require substantial investments to fulfill new promises, establish fresh programs, and improve upon previous initiatives. A significant increase in budget allocations, like Zamfara’s 2025 budget, reflects this shift. While such expenditure […]
