CBN sacks 200 workers amid hardship The Central Bank of Nigeria has reportedly sacked 200 of its workers amidst the prevailing economic hardship faced by Nigerians. A senior member of staff who preferred anonymity at the Apex bank, confirmed this development to the press on Friday night. “Over 200[Read More…]
Nigeria’s GDP growth drops to 2.98% in Q1 2024, says NBS The National Bureau of Statistics (NBS) on Friday said Nigeria’s Gross Domestic Product (GDP) declined by 2.98 percent in the first quarter (Q1) of 2024. In its latest report, the bureau put the nation’s[Read More…]
Tinubu orders review of governing boards of tertiary institutions President Bola Tinubu has directed a comprehensive review of the newly announced governing boards of tertiary institutions. On May 18, the federal ministry of education announced the appointments of 500 persons to serve as pro-chancellors and members of the[Read More…]
Court orders interim forfeiture of N830m, $4.7m, properties linked to Emefiele The federal high court in Lagos has ordered an interim forfeiture of $4,719,054, N830,875,611, and other assets linked to Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN). The Economic and[Read More…]
BOI announces impressive financial results, with N153b profit, creates two million jobs The Chairman, Shareholders Committee, Bank of Industries (BOI), Mallam Muhammed Bala, on Wednesday described as “remarkable” the bank’s financial performance in spite of the local and economic challenges. Bala, made this remarks at the BOI’s 64th[Read More…]
CBN orders BDCs to reapply for licenses, sets 6-month deadline The Central Bank of Nigeria (CBN) has directed Bureau De Change (BDC) operators to re-apply for new licenses This was revealed on Wednesday in a revised guideline for BDC operations, signed by Haruna Mustafa, director of the Financial[Read More…]
Tinubu sets up 15-man governorning board for NEITI President Bola Tinubu, on Tuesday, reaffirmed Nigeria’s commitment to the implementation of the Extractive Industries Transparency Initiative by inaugurating the newly constituted 15-member National Stakeholders Working Group, also known as the Governing Board of the Nigeria Extractive Industries Transparency Initiative.[Read More…]
Minister advocates for concessions for cement manufacturers The Minister of Industry, Trade and Investment, Mrs. Doris Nkiruka Uzoka-Anite, has advocated for extending gas concessions currently given to electricity companies to cement manufacturers to help address rising prices. She made this statement during an investigative hearing by the House[Read More…]
NDDC launches N248m substation to boost power supply in Edo The Niger Delta Development Commission (NDDC) inaugurated the 1x15MVA 33/11KV electricity injection substation worth N248 million at Amufi in Ikpoba-Okha Local Government Area of Edo State on Monday. NDDC’s Director of Corporate Affairs, Pius Ughakpoteni, disclosed this in[Read More…]
IIM gets FG’s nod to certify data protection professionals The Nigeria Data Protection Commission (NDPC) has granted a license to the Institute of Information Management (IIM) to administer exams and certify future data protection professionals in the country. The NDPC National Commissioner and Chief Executive Officer,[Read More…]
