Former President Dr. Goodluck Ebele Jonathan yesterday congratulated Kenya’s president-elect, Mr. William Ruto on his emergence as the winner of Kenya’s August 9, 2022, presidential election, urging him to run an inclusive government and seek to unite Kenyans. The former President of Nigeria who stated this in a goodwill message to Ruto shortly after the […]
Tag: Nigeria
The federal government said yesterday that many of Nigeria’s developmental challenges could be traced to suboptimal performance by the country’s public service. The Secretary to the Government of the Federation (SGF), Mr. Boss Mustapha, made the comment yesterday when he led an entourage to the Nigerian Electricity Management Services Agency (NEMSA), for the formal presentation […]
The Nigerian ports industry seems to be undergoing some strategic repositioning spanning regulatory and operational reforms, stakeholder engagements and emplacement of general efficiency mechanism which have all started yielding results. In this interview with the Business Editor, EMEKA ANAETO, Economy Editor, BABAJIDE KOMOLAFE and Maritime Correspondent, GODWIN ORITSE, the Managing Director of the Nigerian Ports […]
Africa’s financial-technology company revenue may soar to $30.3 billion by 2025, eight times higher than in 2020, as a growing, young and under-banked population gets more access to internet, McKinsey & Co, has said. The anticipated increase is part of a rapid expansion in financial services income that’s expected to grow to $230 billion from […]
The Deputy Governor, Financial System Stability Directorate of the Central Bank of Nigeria (CBN), Mrs. Aisha Ahmad and the Deputy Governor, Economic Policy Directorate, CBN, Dr. Kingsley Obiora have disclosed that the banking system remains resilient, stating that the industry’s total assets grew by 22.07 per cent from N53.64 trillion in May 2021, to N65.48 […]
President Muhammadu Buhari, yesterday, mandated the armed forces to quell the gale of insecurity across the country by the end of the year. Minister of Interior, Alhaji Rauf Aregbesola, disclosed this in Abuja at a Joint World Press Conference. The session, which focused on Nigeria’s effort to tackle the terrorist-induced insecurity wreaking death, destruction, and […]
The recent resolution of the Ajaokuta Steel dispute after 14 years of international litigation, is an attestation to President Muhammadu Buhari’s efforts at freeing Nigeria from foreign debts occasioned by wrongful contractual Agreements. Alex Enumah writes There’s a swirling belief that most of Nigeria’s foreign debt are attributable to bad contracts entered into by the […]
The Nigerian Navy’s renewed fight against crude oil theft through the ongoing Operation Dakatar Da Barawo has denied criminals over N30 billion stolen products from illegal refinery sites in the Niger Delta. Also, over 100 suspects have been arrested and handed over to the prosecutory agencies like the Nigeria Security and Civil Defence Corps (NSCDC) […]
The federal government has bowed to the pressure from the Ministry of Communications and Digital Economy, the Nigerian Communications Commission (NCC), telecom operators and subscribers that refused the planned imposition of five per cent excise duty on telecom operations. The federal government yesterday announced the suspension of the proposed five per cent excise duty and […]
The Nigerian economy continued to bleed from shut-in of crude oil production as a result of vandalism, workers’ strikes, depreciating upstream infrastructure as well as force majeure in July, with the loss of 7.56 million barrels during the month. Data from the Nigerian National Petroleum Company Limited (NNPCL) indicated that the losses came from nine […]
Economic activities in the manufacturing sector of the Nigerian economy experienced a fall in output levels in August as the productivity of the Nigerian private sector reduced marginally during the month when compared to the output in the preceding month. This was reported by the Stanbic IBTC Bank’s Purchasing Manager Index (PMI) for the month […]
The federal government has announced an immediate suspension of the five per cent excise duty it planned to impose on telecommunications services in 2022 even as it set up a committee chaired by the Minister of Communications and Digital Economy, Isa Ali Pantami, to review the policy immediately. Pantami, who inaugurated the Presidential Committee on […]
To support the growth and sustainability of Nigeria’s livestock industry, IFC yesterday, announced a $4.5 million financing package to support Nigerian subsidiary of Bar Magen LTD, Agro Bar Magen Nigeria (ABMN), a livestock feed manufacturing company, to increase production of livestock feed and the development of feed storage facilities in the country. IFC’s $4.5 million […]
Academic Staff Union of Universities (ASUU) on Monday said it would resist any effort by the federal government to turn intellectuals to slaves of irresponsible leadership and sacrifice her members’ welfare. It declared that lecturers in Nigerian public universities had been using their blood to run universities and sustain it. The chairman of ASUU, University […]
As basic and secondary schools in Lagos resumed yesterday, September 5, 2022, with other schools set to resume next week nationwide, parents and guardians are groaning over hike in school items for pupils and students, thus, reflecting the harsh economic realities, LEADERSHIP learnt. LEADERSHIP surveyed the markets across Lagos, Ogun, Oyo, Osun among other states […]
No fewer than 183 Nigerians have died from Lassa Fever and Yellow Fever as cases of the two diseases have risen to 7, 650 in the 36 states of the federation and the Federal Capital Territory (FCT). The Nigeria Centre for Disease Control (NCDC’s) Lassa Fever Situation Report showed that suspected cases of Lassa fever […]
The UN report added that approximately one in eight people who inject drugs lives with HIV while half live with Hepatitis C. The World Drug Report 2022 has revealed that more than 11 million people worldwide inject drugs. Published by the United Nations Office on Drugs and Crime (UNODC), the report explained that injecting drug […]
Job creation is vital to countering Boko Haram, and successful business practices in the region point the way. Protracted conflicts cause far-reaching damage to the social, economic and political affairs of affected areas. They create a negative reinforcing loop because they make it difficult to deal with the underlying causes of the problem. Violence in […]