Cost of living: More Nigerians may join Japa train as hardship worsens

Cost of living: More Nigerians may join Japa train as hardship worsens

Strong indications have emerged more Nigerians may relocate from the country in 2023 and beyond as the nation’s socio-economic conditions worsen, and hope remains bleak. This came on the heels of the recent removal of fuel subsidy, further depreciation of the naira, impending increase in electricity tariff, and the introduction of Value Added Tax on diesel amid an already battered economy. The Nigerian economy has been exposed to numerous economic […]

July 10, 2023 16

NEWS

NACCIMA hails Tinubu’s emergence as ECOWAS Chair

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has congratulated President Bola Tinubu on his election as the Chairman of the Economic Community of West African States. NACCIMA’s President, Mr. Dele Oye, made this known via a statement released on Sunday in Lagos. Recall that Tinubu emerged as the Chairman of ECOWAS at the 63rd Ordinary Session of the regional bloc in Guinea Bissau. Oye said the […]

July 10, 2023 14

NEWS

Ministerial appointment: N’Assembly awaits nominees as Tinubu sends list to DSS, EFCC, others

Expectations on the ministerial list have heightened as President Bola Tinubu clocks over 40 days in office. By law, Tinubu is required to name his cabinet within 60 days after taking the oath of office on May 29 and transmits it to the Senate for confirmation. With less than 18 days to submit his cabinet list to the National Assembly as recommended by the constitution, lawmakers and other Nigerians are […]

July 10, 2023 20

BUSINESS

The Nigeria Deposit Insurance Corporation says the deposits of directors and staff of defunct banks are excluded from its Deposit Insurance Scheme.

The Nigeria Deposit Insurance Corporation says the deposits of directors and staff of defunct banks are excluded from its Deposit Insurance Scheme. This was disclosed during the Financial Literacy Day Programme organized by the NDIC on Monday in Abuja While discussing the mandate and the operations of the corporation, Spokesperson of the agency, Tanko Yahaya, noted that the Deposit Insurance Scheme does not cover insider deposits, among others.

June 27, 2023 109

BUSINESS

Power distribution companies have stepped down on their earlier announcement of a tariff hike projected

Power distribution companies have stepped down on their earlier announcement of a tariff hike projected to take effect from July 1, 2023, as they stated that the Nigerian Electricity Regulatory Commission had yet to approve the hike. This is as various public notices from some of the Discos had stated that the electricity tariff would be raised by about 30 to 40 per cent for selected categories of consumers on […]

June 27, 2023 98

SPORTS

Okocha dazzles in Ronaldinho’s legends match

Super Eagles legend, Austin Okocha, was in Florida on Friday to honour a legends’ game organised by former teammate, Ronaldinho, and again reminded fans of his mesmerising skills. Tagged ‘The Beautiful Game’ the second edition of the exhibition game in Orlando City was a reunion of former stars and current players and an assortment of other celebrities at Exploria Stadium. The teams were captained by Brazilians Ronaldinho and Roberto Carlos with Nigeria’s […]

June 26, 2023 26

BUSINESS

FG seeks US support for energy transition

President Bola Tinubu, on Monday, in Abuja, called for an equitable balance between fossil fuel and green energy in the race for energy transition. He also urged the United States and other developed nations not to forget Nigeria and Africa’s challenge with poverty as the world transitions into clean energy. “The new energy we are talking about represents just 5 per cent of global energy requirements. We must find the […]

June 20, 2023 18

NEWS

Gunmen kidnap Kogi monarch, wife

Suspected gunmen have kidnapped the Oba of Idofin, Shedrack Durojaiye Obibeni, and his wife in Yagba East Local Government Area of Kogi. They were kidnapped along Makutu-Idofin road in Kogi State at about 5 pm on Monday, according to a report by the News Agency of Nigeria. Confirming the incident, Mr Abdulrasak Asiru, Yagba East Local Government Council Chairman described it as “very shocking” and “sad”. Asiru said that he […]

June 20, 2023 19

NEWS

PTDF shortlists 5000 Nigerians for foreign scholarships

The Petroleum Technology Development Fund said it has shortlisted over 5,000 applicants nationwide for the award of scholarships for the 2023/2024 academic session overseas scheme. The Head, Oversees Scholarship Scheme in the PTDF, Mrs Bolanle Kehinde-Agboola revealed this on Monday at a selected interview exercise for the shortlisted candidates for MSc and PhD postgraduate programmes. According to her, the selection interview was in continuation of the application process which commenced […]

June 20, 2023 21

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