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COVID, macroeconomic instability dampen investmentin Nigeria — NESG CEO

COVID, macroeconomic instability dampen investmentin Nigeria — NESG CEO

By Providence Adeyinka The Chief Executive Officer, Nigerian Economic Summit Group, NESG, Mr. Laoye Jaiyeola, has said that the COVID-19 pandemic and macroeconomic instability have combined to create uncertainty in Nigeria’s investment environment. He spoke while presenting a paper titled: “The Role of the Financial Services Sector in the Economy,” during the Institute of Chartered Accountants […]

NNPC tasks NLNG on total HSE practice in all operations

NNPC tasks NLNG on total HSE practice in all operations

By Prince Okafor   The Nigerian National Petroleum Corporation, NNPC, has tasked the Nigeria Liquefied Natural Gas (NLNG) Limited, on constant Health Safety and Environment, HSE, practice in its activities.   Speaking at the 2021 NLNG Health Safety and Environment (HSE) Day yesterday, The Group Managing Director, NNPC, Mele Kyari, said HSE was a critical determinant of […]

CBN threatens to arrest, prosecute abusers of naira

CBN threatens to arrest, prosecute abusers of naira

By Babajide Komolafe The Central Bank of Nigeria (CBN) has said it is collaborating with the Nigeria Police and other law enforcement agencies to arrest and prosecute anyone found abusing the Naira. Disclosing this in a statement, Acting Director, Corporate Communications, CBN, Osita Nwanisobi, said: “The attention of the Central Bank of Nigeria (CBN) has again […]

Headline inflation falls to 17.38% in July

Headline inflation falls to 17.38% in July

As food index drops 0.80% By Elizabeth Adegbesan Headline inflation fell for the fourth consecutive months to 17.38 percent in July, 2021, representing a 0.37 percentage points when compared to 17.75 per cent recorded in the previous month of June. Similarly,  the food index fell by 0.80 percent to 21.03 per cent from 21.83 per cent  […]

Gov Emmanuel pays tribute to Gen IBB at 80

Gov Emmanuel pays tribute to Gen IBB at 80

…Says Ex Military President combines charter with charisma Akwa Ibom State Governor, Mr Udom Emmanuel has described former Military President, Gen. Ibrahim Babangida as a leader who has effortlessly combined character with charisma in his leadership and a leader with a Pan-Nigeria disposition. The Governor who made these remarks at Minna during the birthday celebration […]

NMA felicitates Babangida at 80

NMA felicitates Babangida at 80

The President of the Nigerian Medical Association, NMA, Professor Innocent Ujah, has praised the former military president and Elder Statesman, General Ibrahim Badamosi  Babangida, on the momentous occasion of his 80th birthday describing him as a quintessential  leader.

Global Banking Awards: CITITRUST bags three awards

Global Banking Awards: CITITRUST bags three awards

By Prince Okafor Pan African diversified investment Holding Company, CITITRUST, has won a trio of honours courtesy of the prestigious awarding body Global Banking & Finance Awards The investment holding company was awarded Best Financial Services Group Nigeria 2021, Decade of Excellence Holding Group Nigeria 2021, and Most Innovative Holding Group Nigeria 2021 by the […]

Igboho and Nigeria’s shaky unity

Igboho and Nigeria’s shaky unity

By Ladesope Ladelokun IF there is one thing that has again advertised Nigeria as a dangerously fragile country, it is the fallout of the eviction notice issued to herders to leave Igangan community in Ibarapa North Local Government Area of Oyo State by the Akoni Oodua of Yorubaland, Sunday Adeyemo, otherwise known as Sunday Igboho. […]

Derivation: Host communities lost N44trn in 22 years—HOSCON

Derivation: Host communities lost N44trn in 22 years—HOSCON

By Udeme Akpan THE CHAIRMAN, Host Communities of Nigeria, Producing Oil and Gas (Hoscon), Dr. Mike Emuh, Tuesday, said, the direct payment of derivation to States denied the host communities of funds, totalling N44 trillion in the past 22 years. He said it was the non-payment to the communities that accounted for the underdevelopment of […]

Farmers list forex, loan as key headache in agro-business

Farmers list forex, loan as key headache in agro-business

By Godfrey Bivbere The difficulties encountered by farmers in sourcing foreign exchange from the banks for importation of equipment for mechanisation of agro-business in the country is affecting production output, some farmers who spoke with Vanguard have said. The farmers alleged that they are forced to buy foreign exchange from the black market at a […]