The President of the World Bank Group, David Malpass, has warned against the parallel exchange rate, stating that it impedes foreign investment, affects the bank’s projects, as well as worsens debt problems in countries like Nigeria. In a statement reported on Thursday, Malpass said the parallel rate is also associated[Read More…]
The Lagos Chamber of Commerce and Industry (LCCI), the premier chamber of commerce in Nigeria has commended the Federal Government’s removal of fuel subsidy as it will grow the country’s economy. Unfortunately, previous regimes had shied away from this grave but nation-building decision. It is, however, noteworthy that industry regulators[Read More…]
President Bola Ahmed Tinubu has appointed former governor of Benue state and immediate past minister of special duties, George Akume as secretary to the government of the federation (SGF). This was contained in a statement signed by Abiodun Oladunjoye, Director of Information at the Presidency on Friday. June 2. The[Read More…]
A Civil Society group, Save Nigeria Movement has said the eligibility conditions and process for granting permanent residency status or Nigerian citizenship to a foreigner could only be reviewed through a constitution amendment. I will therefore urge the relevant institutions of state to reconsider this in the next effort at[Read More…]
The shareholders of one of Africa’s fastest growing companies, Sterling Bank, have commended the board of directors, executive management and staff of the bank on its remarkable financial performance for the 2022 year, resulting in a recommendation of dividends of 15 kobo per ordinary share; a fifty percent increase from[Read More…]
Organised labour, under the aegis of Trade Union Congress of Nigeria (TUC) and Nigeria Labour Congress (TUC) in solidarity with the Road Transport Employers Association of Nigeria, (RTEAN) on Wednesday staged a peaceful protest to the office of Governor Babajide Sanwo-Olu of Lagos State in Alausa, Ikeja to register their[Read More…]
The leadership of National Pension Commission (PenCom) has urged the general public to disregard an online publication of a recruitment exercise being circulated, saying that it’s misleading. PenCom in a release statement by it’s management titled: Disclaimer said the publication is entirely false, saying that no such exercise is underway.[Read More…]
… Commend Partnerships and bundled investment initiatives Nigeria’s leading Retail Bank, Polaris Bank has announced the launch of its exclusive banking product aimed at serving its High Net-worth Individuals (HNIs) seeking innovative investment options in challenging economic times. The unveiling which took place in Ikoyi, Lagos, on Tuesday[Read More…]
The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the Importers and Exporters’ (I&E) window. A top official of the apex bank, who told this medium that the report is completely false , warned[Read More…]
WhiteBIT, one of the leading European cryptocurrency exchanges, has announced its official launch in Nigeria. The launch in a release, signals a significant milestone in expanding it’s global presence. According to the company, it’s decision to open a representative office in Nigeria supports its goal of making blockchain technology widely[Read More…]
