Benue: Attacks at onset of cropping season to discourage farming activities – Ubwa

May 3, 2021 John Shiaondo 0

President of the Benue Chamber of Commerce, Industry, Mines and Agriculture (BECIMA), Dr Paul Ubwa, Sunday said the attacks on the farming communities at the onset of the cropping season in Benue state were premeditated attempt by the attackers to discourage farmers from working on their farmlands. Ubwa equally said the attack if not promptly curbed would destroy agriculture which Read More

NYSC: HURIWA backs call for youth trust fund

The Human Rights Writers Association (HURIWA) has  thrown their weight behind the call by the Director-General of NYSC, Brig,-General Shuaibu Ibrahim , to establish youth trust fund for Nigerian graduate youths in order for then to actualise their entrepreneurship  dreams. The rights group commended President  Muhammadu Buhari  and the  management of National Youth Service Corps (NYSC) for their efforts in Read More

Time to revive Nigeria’s manufacturing sector

April 28, 2021 Blueprint 0

The Purchasing Managers’ Index (PMI) for the manufacturing sector released recently by the Statistics Department of the Central Bank of Nigeria (CBN) which stood at 49.4 index points, indicating a reversal of five consecutive months of contraction from May, indeed, portends a good omen for the nation’s economy. The result of the PMI survey showed that the manufacturing PMI for Read More

Addax: Senator Magnus Abe Affronted Buhari, Goofed, By Yamai John

April 28, 2021 Yamai John 0

By curiously questioning the wisdom of President Muhammadu Buhari, who is also the substantive Minister of Petroleum Resources, in canceling the revocation by the Department of Petroleum Resources (DPR) of four oil mining leases belonging to Addax Petroleum Exploration Nigeria Ltd., Senator Magnus Abe goofed and exceeded his brief. Here is why. In a position which can only be interpreted Read More

PDP, other hired contractors can’t blackmail Pantami to resign – Forum

April 28, 2021 Bode Olagoke 0

A group of the ruling All Progressives Congress (APC) on the platform of Progressives Professionals’ Forum (PPF) has asked President Muhammadu Buhari and Nigerians at large to ignore the Peoples Democratic Party (PDP) and other “hired contractors” calling for the sack of Minister of Communication and Digital Economy, Dr. Ibrahim Isa Ali Pantami. The forum said the opposition party and Read More

Somalia signs treaty, MoU with ARC to address extreme weather impacts

April 27, 2021 David Agba 0

The government of the Federal Republic of Somalia has signed the Treaty and a Memorandum of Understanding (MoU) with the African Risk Capacity (ARC) to work together towards helping the country better prepare, plan and respond to extreme weather events and natural disasters. The ARC Treaty and MoU were signed in Addis Ababa, Ethiopia by Khadija Mohamed Diriye, the country’s Read More

CBN’s window to boost naira value

April 27, 2021 Blueprint 0

The expectation expressed by the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, to the effect that if Nigeria is able to receive even $2 billion monthly Diaspora remittances the exchange rate of the naira will be boosted is apt albeit speculative. The minister’s permutation is probably borne out of the inability of the nation’s monetary authority, namely, Read More

Nigeria businesses lose $29bn annually to poor electricity

April 25, 2021 Blessing Anaro 0

Epileptic power supply costs businesses in Nigeria about $29 billion yearly, the World Bank hassaid. The bank says an average Nigerian consumes four times less energy than their counterpartsin a typical lower middle-income country. The bank’s conclusion was drawn from its Power Sector Recovery Programme factsheetpresented during the World Bank’s virtual meeting with journalists last week.The bank’s practice manager, West Read More

Banditry: Uba Sani wants service chiefs to redouble efforts

April 24, 2021 Chamba Simeh 0

Senator Uba Sanii (APC, Kaduna Central) has tasked the service chiefs to redouble the fight against banditry with all seriousness in order to ensure a defeat of all bandits and other criminal elements. This, according to the lawmaker, is one sure means of saving the country from the painful daily bloodletting. Senator Sani said the National Assembly also restated the  Read More

Reps ‘fight’ over call for Pantami’s ouster

April 23, 2021 Joshua Egbodo 0

Exchange of words has ensued between spokesman of the House of Representatives, Hon. Benjamin Kalu, the Minority Caucus, over the recent move on the floor, to the effect that Minister of Communication and Digital Economy, Dr. Isa Pantami should resign over allegation of terrorism links, of be sacked. Minority Leader, Ndudi Elumelu had on Wednesday during plenary, raised a point Read More

Nigerians shun naira for foreign currencies to protect wealth

April 23, 2021 Blessing Anaro 0

Nigerians who are afraid that the value of the naira may become worthless and inflation might reck further havoc have been accumulating foreign currencies to protect their wealth from naira volatility and surging inflation, according to a research paper in a journal published by the Central Bank of Nigeria. “Higher real-exchange rate volatility is associated with an increased level of Read More

Ghana edges out Nigeria in FDI earnings for 2020

April 22, 2021 Segun Odunewu 0

Just as global foreign direct investment (FDI) collapsed in 2020, falling 42 per cent from $1.5 trillion in 2019 to an estimated $859 billion, latest UNCTAD Investment Trends Monitor showed that Ghana edged out Nigeria in value of earnings by $.1bn. Otherwise, whereas Ghana received a total of 279 FDI projects valued at $2.7 billion in 2020 despite the COVID-19 Read More

Ansar-ud-deen in support of COVID-19 vaccine – Ajani Bello

April 18, 2021 Abdulrahman A. Abdulrauf 0

The Ansar-ud-deen Society of Nigeria  has thrown its weight behind the COVID-19 vaccines, urging all Nigerians to get vaccinated. The society hinged its position on a verse in  the Holy Quran where members of the Muslim community are directed to obey Allah, his prophets and those in authority. Popular Islamic cleric and chairman, northern states’ council missioners of the society, Sheikh Muhydeen Read More

China’s Q1 GDP grows 18.3% y-o-y, the fastest in three decades

April 17, 2021 Editor 0

China’s GDP grew 18.3 percent year-on-year in the first quarter of 2021, the fastest in three decades since the data was released, with key economic indicators all expanding at over 20 percent, setting an encouraging start for the whole year that is buoyed by a low base, soaring overseas demand and rebounding consumption at home. The stellar data offers a Read More

China to raise proportion of middle-income earners

April 15, 2021 Editor 0

China’s consumption has been on a continuous rise in recent years, and its consumption structure is also being optimized.Last year, the country’s total retail sales of consumer goods reached 39.2 trillion yuan ($6 trillion), and final consumption contributed 54.3 percent to China’s GDP. As a result, China maintained its position as the second largest consumption market of the world. New Read More

Shell’s yearly payment to FG down 42.5%, lowest in 6 years

April 8, 2021 Blessing Anaro 0

Economic financial indicators appear to conspiring against the country’s economy, forcing investors to either reduce their stakes in the economy or out rightly exit. Shell, with a long standing business relationship with Nigeria last year reduced its annual payment to the country’ coffers by as much as 42.45 per cent. This is as the Godwin Obaseki, government of Edo state Read More

Anxiety in US as China creates first major digital currency

April 7, 2021 Editor 0

A cyber yuan gives Beijing power to track spending in real time. Importantly, it’s money that isn’t linked to the dollar-dominated global financial system. Cyber Yuan vs Bitcoin and Altcoins The cyber yuan is a government-sponsored digital currency designed to track the movement of every penny. Bitcoin promotes anonymity. Apps like Apple Pay, Venmo, Paypal, and Google Pay just facilitate Read More

Reviving Nigeria’s tourism after COVID-19

April 6, 2021 Blueprint 0

Since it broke out in China more than a year ago, the deadly Coronavirus pandemic has hit every aspect of life, halting progress in every human endeavour. Total lockdowns, social distancing, wearing of facemasks and other measures taken to mitigate its spread have impacted negatively on all sectors of global economy with some suffering devastating blows.Tourism, a gold mine that Read More

Breaking: Banks end row with MTN, reconnect customers on USSD

April 4, 2021 Editor 0

Some commercial banks on Sunday reconnected MTN customers to banking channels, after row which made it impossible for anyone to recharge or carry out any other online business with the country’s most popular network The crisis was resolved following the intervention of the Minister of Communications and Digital Economy, Isa Pantami; and the Governor of the Central Bank of Nigeria, Godwin Read More

Banks/ MTN dispute: FG wades in, assures resolution

April 3, 2021 Editor 0

The federal government has assured that trade dispute between commercial banks and mobile network operator, MTN Nigeria will soon be resolved. Vommercial banks had early Friday disconnected MTN customers from banking channels using the Unstructured Supplementary Service Data (USSD) and banking apps. But the Minister of Communications and Digital Economy, Isa Pantami, speaking via his verified Twitter handle Friday night Read More

Kaduna seeks NITT support to build light rail system

April 1, 2021 AbdulRaheem Aodu 0

  Kaduna state government is set to build a light rail system to transverse Kaduna metropolis, and will require the support of National Institute of Transport Technology (NITT) on the feasibility studies, Governor Nasir el-Rufai has said. Speaking when the Minister of State for Transportation, Senator Gbemisola Saraki, and management of NITT paid him a courtesy visit on Thursday, el-Rufai said that NITT will Read More

Breaking: DBN disburses N191.7bn as loans to SMEs in 2020

April 1, 2021 Benjamin Umuteme 0

A total of N191.7 billion was disbursed as loans by the Development Bank of Nigeria Plc to Small and Medium Enterprises (SMEs). In its 2020 financial report released Thursday, the amount represents a 89% rise from N101.5 billion disbursed by the Bank in 2019.  This growth is in line with its core mandate of facilitating sustainable socio-economic development by improving Read More

NEDC and Alkali’s leadership with a human face

March 30, 2021 Solomon Audu 0

It is no longer news that the Boko Haram crisis in North-East Nigeria has devastated economy of the region, and humanitarian crisis is the order of the day. The North East region of Nigeria is made up of Borno, Adamawa, Yobe, Bauchi, Gombe and Taraba States. These states are ravaged by the Boko Haram insurgency since 2009. In this violent Read More

A powerless legislature made by a weak constitution

March 25, 2021 Mon-Charles Egbo 0

One of the major tragedies of Nigeria’s chequered political history is a legislature that is marked by stunted development when compared to other democracies world over. For those long years of military incursion in national politics, the legislature suffered the most because each time there was a forceful take-over of government, the legislature was disbanded. Although the elected as well Read More