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The Minister of Finance, Budget and National Planning, Zainab Ahmed, and the Director General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, on Wednesday, differed on the nation’s debt-to-Gross Domestic Product ratio. While Ahmed put the debt-to-GDP ratio at 29 per cent, Okojo-Iweala said it had risen to 35 percent. Both the minister and the WTO boss spoke at the African Development Bank High Level Knowledge Event with the theme: […]
Zamfara State has the highest number of the poor and vulnerable people in Nigeria, with a record of 3,836,484 people from 825,337 households, according to data from the National Social Registry. The Communications Manager of the National Social Safety-Net Coordinating Office, Joe Abuku, made the data available through email in response to enquiries made by our correspondent. NASSCO was established in 2016 through a partnership between the Federal Government and […]
The President, Muhammadu Buhari, inaugurated on Tuesday the National Steering Committee of the National Poverty Reduction with Growth Strategy, chaired by Vice-President Yemi Osinbajo. He said this re-echoed his commitment to lifting 100 million Nigerians out of poverty in 10 years, with a well-researched framework for implementation and funding. The Special Adviser to the President on Media and Publicity, Femi Adesina, disclosed this in a statement on Tuesday titled, ‘President […]
Investors lost N360bn on Tuesday at the end of trading on the floor of the Nigerian Exchange Limited as the stock market extended its decline. The NGX All-Share Index fell by 1.81 per cent to close at 37,847.07 basis points from 38,545.3bps on Monday, while the market capitalisation dropped to N19.73tn from N20.09tn. A total of 218.27 million shares valued at N2.73bn were traded by investors in 3,524 deals, compared […]
Private jet owners risk having their airplanes impounded by the Nigeria Customs Service if they fail to verify their documents before July 6, 2021 when a month grace period would have expired. The Public Relations Officer of NCS, Joseph Attah, disclosed this on Monday in Abuja at a media briefing to update the public on the ongoing audit of privately-owned aircraft operating in Nigeria. Attah said, within two weeks into […]
Nick Cannon is expecting his 7th child with his WildNOut co-star, Alyssa Scott. This confirmation comes less than a week after Nick welcomed twins with Abby De La Rosa. Alyssa Scott posted a maternity photo on her Instagram story on Father’s Day with Nick Cannon cradling her baby bump. This posts confirms the rumors that began a few weeks ago after Scott posted a maternity photo with her unborn child’s […]
Actress, Damilola Adegbite, has advised single mothers to allow their kids to have access to their dads. In commemoration of the Father’s Day celebration on Sunday, the actress took to Instagram to address single mothers about the involvement of a father in their children’s lives. She said There are three categories of single mothers: the ones whose children’s fathers cannot be in their life (maybe dead, incarcerated etc.); the ones […]
The World Bank has said Nigeria is likely to make N462bn the electronic money transfer levy as a source of stable revenue in 2021. The multilateral institution said this in its ‘Resilience through Reforms’ report. According to the report, the EMT levy was introduced in the Finance Act 2020, which amended the Stamp Duty Act and taps into the growth in electronic funds transfer in Nigeria, and can be administered […]
Investors in the Nigerian stock market lost N270bn last week as 25 equities recorded price declines. The Nigerian Exchange Limited All-Share Index and market capitalization depreciated by 1.30 per cent to close the week at 38,648.91 basis points and N20.14tn respectively. All other indices finished higher with the exception of NGX ASI, NGX-Main Board, NGX MERI Growth and NGX Industrial Goods, which depreciated by 1.30 per cent, 3.26 per cent, […]
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