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…]
Kano Assembly abolishes Emirates created by Ganduje The Emirs of Rano, Karaye, Gaya, and Bichi, who were installed in 2019, may be stripped of their titles and powers, following the Assembly’s decision to revert to the original emirates structure. The affected Emirates include those of Gaya, Rano, Karaye[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…]
Again, Labour rejects FG’s N54,000 new minimum wage offer The organized labour led by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have rejected the N54,000 offered by the federal government as the new minimum wage. The offer was made to representatives of labour[Read More…]
Nigeria’s ADVAN Awarded for Championing Better Marketing Locally By The World Federation of Advertisers In recognition of its efforts to enhance the marketing industry, the Advertisers Association of Nigeria (ADVAN) has been honoured with a special award for its brief writing Proogrammeme during the Global Marketer Week in[Read More…]
AfDB to support Nigeria’s power sector reforms with $1bn loan The African Development Bank announced its plans to support Nigeria’s power sector with a $1 billion policy-based operation (PBO) fund to boost electricity access. Kevin Kariuki, AfDB vice-president, power, energy, climate change and green growth complex, revealed the[Read More…]
Ecobank MySME Growth Series: Erhabor advocates for AI in Business Development Small and Medium Enterprises (SMEs) in the country have been advised to embrace Artificial Intelligence (AI) technology to grow their businesses. Founder AI Nigeria, Ehia Erhabor, made this submission in his presentation titled “ Using AI[Read More…]
