By Ismail Abdulaziz President Bola Tinubu has said that the Federal Government would implement a new national living wage for industrious workers in 2024. He said that the decision was not only for good economic sense but “because it is the morally and politically correct thing to do”. In aContinue Reading
By Lucy Ogalue The Nigerian Investment Promotion Commission (NIPC) has urged the media to be good ambassadors and promote the country positively to enable it to attract more investments. The NIPC Executive Secretary/Chief Executive Officer (CEO), Aisha Rimi, said this at a media “Meet and Greet” organised by the CommissionContinue Reading
By Gregg Mmaduakolam The Management of Council For the Regulation of Freight Forwarding in Nigeria (CRFFN) says the Council targets to generate over N5 billion as its revenue in 2024. The Acting Registrar/ Chief Executive Officer of CRFFN, Mrs Chinyere Uromta, said this at the two-day workshop for the staffContinue Reading
By Deborah Coker Sen. Ned Nwoko (PDP-Delta) on Monday said strategic import policies to bolster local production and drive economic growth must take center stage in the ongoing discussions about Nigeria’s economic future. Nwoko, representing Delta North Senatorial District, said this in an interview with the News Agency of NigeriaContinue Reading
By Constance Athekame The Nigerian Electricity Regulatory Commission (NERC), said that a total of 148,389 meters have been installed in Quarter 3, 2023, across the country. According to NERC, this represents a decrease of 32,670 installations compared to the 181,059 meters installed in Q2, 2023. The commission said this inContinue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) has lifted the ban it imposed two years ago on cryptocurrency transactions in the Nigerian banking system. The CBN announced the reversal of the policy in a circular by Haruna Mustapha, its Director, Financial Policy and Regulation. Mustapha said that theContinue Reading
By Victor Nwachukwu The Raw Materials Research and Development Council (RMRDC) has called on apiculturists to explore innovations in beekeeping value chain development for Nigeria’s economic growth. The Director-General of RMRDC, Prof. Hussaini Ibrahim, made the call on Thursday at a workshop on beekeeping, organised by the council in collaborationContinue Reading
By Esenvosa Izah The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has attributed the current naira scarcity to panic withdrawals by bank customers. Its President, Mr Olusoji Oluwole, in a statement on Wednesday in Lagos, said such withdrawals were done out of fear of the sufferingsContinue Reading
By Kadiri Abdulrahman Nigeria’s total public debt stock hit N87.91 trillion (114.35 billion dollars) as of Sept. 30, according to a statement by the Debt Management Office (DMO) on Wednesday in Abuja. The DMO said that the amount represented the domestic and external debts of the Federal Government, the 36Continue Reading
By Philip Yatai The Federal Capital Territory Internal Revenue Service (FCT-IRS) is to deploy artificial intelligence to facilitate voluntary tax compliance in 2024. The acting Executive Chairman of the service, Mr Haruna Abdullahi, made this known during the FCT-IRS end-of-year media briefing, in Abuja on Wednesday. Abdullahi added thatContinue Reading
