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Dollar deposit by Nigerians in banks has exceeded the 30 per cent threshold approved by International Monetary Fund (IMF), a Central Bank of Nigeria (CBN) report has said. The report by CBN economists said Nigerians have been accumulating foreign currencies to protect their wealth from naira volatility and surging inflation. “Higher real-exchange … [Read more…]
The Federal Federal Government, yesterday, acknowledged the nation’s precarious security situation and came up with a grim verdict: Nigeria is bleeding. The government confessed that with the death of veteran Chadian president Idriss Deby, the absence of Chad’s influence on the border may worsen Nigeria and other neigbouring countries’ security situation. … [Read more…]
THE Nigerian National Petroleum Corporation, NNPC, Tuesday, increased the daily loading of Premium Motor Spirit, PMS across the country from 550 to 1,661 trucks in order to eliminate long queues in Abuja and other parts of Nigeria. A statement by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, quoted the Managing … [Read more…]
A move to cut the skyrocketing costs of cement began yesterday at the National Assembly. The Senate urged the Federal Government to introduce liberal policies to stimulate more investment in the manufacturing of the product. The upper chamber said such policies should include provision of industrial and larger tax incentives to encourage local … [Read more…]
Secretary to the Government of the Federation (SGF) Boss Mustapha has said incessant attacks on schools especially in the North East has put pressure on the country’s fragile educational system. Mustapha, who was a special guest at a peace walk against incessant invasion and kidnapping of students, organised by the Peace Corps of Nigeria … [Read more…]
Amazon has announced plans to locate its African headquarters in South Africa. Authorities in Cape Town confirmed this, saying the City of Cape Town has greenlit the R4 billion River Club mixed-use development, which will be the new home of retail giant Amazon in Africa. This is coming one week after Twitter picked … [Read more…]
Just In: Nkanu East Stakeholders Appeal to Ugwuanyi to Pick Successor From Their LG. …Lauds the Gov. for his spirit of equity, justice and fairness Special Report: Prince Ejeh Josh As the clamour for zoning of the governorship seat to Enugu East Senatorial zone in 2023 continues to gain momentum in Enugu … [Read more…]
The Federal Government is working hard to improve national security and prevent all secession tendencies. Minister of Information and Culture, Alhaji Lai Mohammed, who spoke in Lagos when he appeared on radio programme, yesterday, urged Nigerians not to listen to promoters of secession. He pointed out that what united Nigeria was more … [Read more…]
Remita, an electronic payment platform, has started the sale of Universal Tertiary Matriculation Examination (UTME) ePINs to candidates seeking admission into tertiary institutions. This follows a recent announcement by the examination body, the Joint Admission and Matriculations Board (JAMB), of the sale of ePINs for UTME and Direct Entry registrations till May 15, 2021. Prospective … [Read more…]
Most Federal Government workers that retired from March 2020 to March 2021 have not been paid their pensions. The Director-General, National Pension Commission, Aisha Umar, disclosed this while presenting her welcome remarks during the oversight visit of the Senate Committee on Establishment and Public Services to the commission in Abuja. In … [Read more…]
Project 2023: Forward Ever, Backward Never….. Obiozor. The Igbos of all walks of life resident in Abuja and the 19 States of Northern Nigeria, on Friday, April 16, played host to the President General of Ohanaeze Ndigbo Worldwide, Ambassador Professor George A Obiozor and a few members of his executive. The Abuja visit … [Read more…]