The World Bank has decried the continued spending by the Nigerian government on petrol subsidy, which it said is on track to gobble up N2.9tn this year.

The World Bank has decried the continued spending by the Nigerian government on petrol subsidy, which it said is on track to gobble up N2.9tn this year.

The World Bank has decried the continued spending by the Nigerian government on petrol subsidy, which it said is on track to gobble up N2.9tn this year. Its Country Director for Nigeria, Shubham Chaudhuri, who spoke on Monday at a panel session during the 27th National Economic Summit, said the country could channel the money being spent on subsidies to primary healthcare, basic education and rural roads. Also speaking at […]

October 26, 2021 20

BUSINESS

The Nigerian Bulk Electricity Trading Plc on Thursday provided statistics on misalignments in the power value chain, saying that about 14,000 megawatts of electricity was contracted to power generation companies.

The Nigerian Bulk Electricity Trading Plc on Thursday provided statistics on misalignments in the power value chain, saying that about 14,000 megawatts of electricity was contracted to power generation companies. Managing Director, NBET, Nnaemeka Ewelukwa, gave a breakdown of the quantum of Nigeria’s electricity demand, what was contracted, available capacity, what was produced, among others. He provided these statistics while speaking during a plenary session at the World Energy Day […]

October 22, 2021 14

BUSINESS

Telecommunication service subscribers in 47 local government areas in Zamfara, Katsina, Sokoto and Kaduna states have been affected by the ban on telecom services in the areas by the Federal Government, findings have revealed.

Telecommunication service subscribers in 47 local government areas in Zamfara, Katsina, Sokoto and Kaduna states have been affected by the ban on telecom services in the areas by the Federal Government, findings have revealed. This is as bank customers and Point of Sale operators in the affected areas groan over lack of access to banking services as the ban continues in the four states. The Federal Government had imposed a […]

October 22, 2021 35

NEWS

Real Madrid and the Rivers State Government have signed a cooperation ratification agreement for promotion of sports amongst children and youths at the Real Madrid Academy, Port Harcourt.

Real Madrid and the Rivers State Government have signed a cooperation ratification agreement for promotion of sports amongst children and youths at the Real Madrid Academy, Port Harcourt. According to a statement on Sunday signed by Kelvin Ebiri, Special Assistant on Media to the Rivers State Governor, the signing took place over the weekend at the auditorium of the Real Madrid Sport City, Madrid, Spain. Governor of Rivers State, Nyesom […]

October 18, 2021 127

NEWS

The International Monetary Fund has said the growing adoption of cryptocurrencies pose risks to the global economy.

The International Monetary Fund has said the growing adoption of cryptocurrencies pose risks to the global economy. The IMF said this in its ‘Global Financial Stability’ report released on Tuesday. It said the adoption of crypto assets and stablecoins in emerging markets and developing economies could pose a challenge to those countries’ macroeconomic and financial stability. According to the fund, while the risks are contained for now, regulators have to […]

October 13, 2021 22

NEWS

The Federal Government has imposed a travel ban on no fewer than 2,000 Nigerians and foreigners, restricting their movement in and out of the country.

The Federal Government has imposed a travel ban on no fewer than 2,000 Nigerians and foreigners, restricting their movement in and out of the country. This was disclosed the National Incident Manager of the Presidential Steering Committee, Mukhtar Muhammad, at a briefing in Abuja. A statement from the PSC on COVID-19 said it had banned more than 2,000 Nigerians and foreigners from travelling out and into the country […]

September 29, 2021 27

NEWS

The Director General of the Nigerian Meteorological Agency, Prof. Mansur Matazu, has said that the newly established meteorological institute in Katsina will boost the agency’s technical manpower support and serve as a centre to provide refresher training on impact of climate on different sectors of the economy.

The Director General of the Nigerian Meteorological Agency, Prof. Mansur Matazu, has said that the newly established meteorological institute in Katsina will boost the agency’s technical manpower support and serve as a centre to provide refresher training on impact of climate on different sectors of the economy. A statement from the agency said it had received support from the Ministry of Aviation, adding that degrees in meteorology and climate change […]

September 22, 2021 9

NEWS

Vice President Yemi Osinbajo has said that despite the monumental challenges posed by climate change, especially energy transition and related issues, the coming decade anchored on the African Continental Free Trade Area offers great opportunities for Africa’s socioeconomic transformation.

Vice President Yemi Osinbajo has said that despite the monumental challenges posed by climate change, especially energy transition and related issues, the coming decade anchored on the African Continental Free Trade Area offers great opportunities for Africa’s socioeconomic transformation. This is as he said that a slight reduction in the customs procedures could drive up Nigeria and other members’ revenues by at least $250bn. Osinbajo stated this on Wednesday in […]

September 9, 2021 12

NEWS

The United Nations Children’s Fund has ranked Nigeria and Chad the second worst countries where children are at the most risk of climate change.

The United Nations Children’s Fund has ranked Nigeria and Chad the second worst countries where children are at the most risk of climate change. UNICEF in a report titled ‘Children’s climate risk index’ used data to generate new global evidence on how many children were currently exposed to climate and environmental hazards, shocks and stresses. It noted that one billion children globally were at risk. The CCRI helps to understand […]

August 23, 2021 52

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