The Central Bank of Nigeria (CBN) has ordered all banks to start charging a 0.5 percent cybersecurity levy on all electronic transactions within the country, excluding 16 listed banking deals. The levy shall be applied at the point of electronic transfer origination, then deducted and remitted by the financial institution. The deducted amount ...
•Atiku and Tinubu Phrank Shaibu, Special Assistant to former Vice President Atiku Abubakar, has tackled the Minister of Works, David Umahi, for failing to immediately disclose the full cost of the Lagos-Calabar highway project. Atiku, who was the Presidential candidate of the Peoples Democratic Party (PDP) in the last election, had yesterday a...
•David Umahi The federal government has promised to disclose to the public the total cost and breakdown of the ongoing Lagos-Calabar coastal highway project on Friday. The Minister of Works, David Umahi, said this in a statement signed by his Special Adviser on Media, Orji Uchenna, yesterday in Abuja. Umahi also explained that despite the [&he...
•Tinubu and Atiku The presidential candidate of the Peoples Democratic Party in the 2023 general election, Atiku Abubakar, has dared President Bola Tinubu to disclose the full cost of the Lagos-Calabar highway project. Atiku said in a statement today that the Tinubu administration could not continue to keep silent on how much public funds woul...
•Sanitary pad A public health worker Patricia Nkem-Innocent has launched a campaign to enlighten young girls on personal hygiene and sexual health initiatives. Patricia said the campaign becomes necessary following the prevailing economic hardship in the country,which has forced many young girls to resort to the use of rags and other unsanitar...
•Some doctors performing a surgery Doctors under the auspices of the National Association of Public Health Physicians of Nigeria have lamented the high cost of drugs in the country. The association said the high prices of drugs would compound the woes of Nigerians, particularly those suffering from one ailment or the other, as many of [&hellip...
•Bags of cement Nigerians, especially the low and middle-income earners, have cried out over the present high cost of cement saying they will no longer be able to own their houses in the country. This is just as the Real Estate Developers Association of Nigeria, REDAN, declared that unless a sustainable solution was found to […]
As the economic downturn continues, all areas of Nigerian lives and plans are also striving to grapple with the situation, as areas like housing and rent are also being affected. Nigerians are used to building with cement, but now have to go for other alternatives, as the price of cement is now on the high […]
•Protest Protest broke out in Oyo State, South-West Nigeria, today, over high cost of living, food inflation and the current economic hardship in the country. Staged in the Mokola area of Ibadan, the state capital, placard-carrying youths in their droves chanted songs to drive home their points, reports Channels TV. Some of the placards have [...
•Signs of social unrest The African Development Bank (AfDB) has warned that Nigeria, Ethiopia, Angola and Kenya risk social unrest owing to the rising prices of fuel and other commodities. The AfDB gave the warning in its macroeconomic performance and outlook for 2024 wherein it projected the continent’s economy to grow higher than the 3.2 [&h...