•Tinubu at NASS The Senate has released the sectoral allocations of the N27.5 trillion budget for 2024 fiscal year. This is coming amid the controversy over the sketchy details of the budget President Bola Ahmed Tinubu presented to the National Assembly on Wednesday, reports Daily Trust. Our correspondent observed that lawmakers were only prov...
•Tinubu at NASS Stakeholders have begun to worry about the paltry 12.5 per cent allocation for both health and education in the 2024 Appropriation Bill, predicting that the social sector of the economy may suffer acute funding in the coming years, that will aggravate the poor living conditions of the people. The bill, which was […]
•Photo caption: Group Managing Director/CEO, Zenith Bank Plc, Dr. Ebenezer Onyeagwu and the President/CEO, CFA Institute, Margaret Franklin during the signing of an MOU between Zenith Bank and the CFA Institute to develop human capital in finance and investment, recently. Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the ...
•Jonathan Oppenheimer A South African billionaire family popularly known as Oppenheimer has acquired a controlling stake in one of Nigeria’s prominent can makers, GZ. The acquisition was completed by Jonathan Oppenheimer, one of the sons of the second richest man in Africa, Nicky Oppenheimer, who reportedly secured the full control of GZ Indus...
The Nigeria Employers’ Consultative Association, NECA, and the Manufacturers Association of Nigeria, MAN, have said government agencies, ministries, departments, MDAs, have become undertakers of businesses in the country. They also lamented that rising inflation, multiplicity of taxes and threats of strike and protests, among others, have cont...
The Federal Airports Authority of Nigeria (FAAN) yesterday failed to reopen the runway 18R/36L of the Murtala Muhammed International Airport (MMIA) in Lagos, which it promised to achieve by the end of the month. This is despite the huge inconveniences the foreign airlines are going through since March 11th 2023 when the runway was shut [&helli...
Except something dramatic happens, no fewer than 94.5 Nigerians will face insufficient food consumption as the estimated 88.5 million already experiencing the pangs of hunger would be joined by six million others by the end of this month. Senior Special Assistant to the President on Agribusinesses and Productivity Enhancement (SSAP), Kingsley ...
•Adejumo Isaac A Finance and Investment Analyst, Adejumo Isaac, has made some suggestions on the short run win for the naira exchange rate This is as he called on the Tinubu-led federal government through the Central Bank of Nigeria (CBN) to declare cashless policy on forex, reports Daily Trust. This, according to the finance expert, […...
•Aduku The Chairman, Arewa Consultative Forum, (ACF), Arch Gabriel Aduku, has said that States governors should have nothing to do with the 13 percent derivation revenue accruing from oil producing states in the country. Aduku was an elected member of the General Sani Abacha’s Constitutional Conference between 1994 to 1995 where he was the cha...
•Bismarck Rewane Renowned economist, Bismarck Rewane, says Nigerians are not interested in budgetary figures if the prices of basic commodities like rice, bread, and garri don’t go down. Rewane, the Managing Director of Financial Derivatives Company Limited, made this known today during a live appearance on Channels Television today. He said, ...
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