Economy
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Our neglect of agricultural sector responsible for food insecurity- Shettima
By Mosunmola Ayobami,Ilorin Nigeria’s Vice President, Sen. Kashim Shettima has said the country’s reliance on oil since the early 70s and the neglect of the agricultural sector were responsible for food insecurity. Shettima said the challenge assumed a disturbing proportion as a result of policy inconsistencies, mismanagement of resources, corruption, climate change, insurgencies, and natural disasters, among others. The VP…
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Competition key in telecom sector, says Maida
Executive Vice Chairman (EVC) of the Nigeria Communications Commission, Dr. Aminu Maida, has said competition is key to the healthy growth of the telecoms sector. Maida, who spoke on Wednesday when he received a delegation of management of Airtel Networks Limited in Abuja, said the Commission will give closer attention to managing the competition in the industry. “We are more…
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We’re removing encumbrances to more investments, Tinubu tell visiting Shell management
President Bola Tinubu, on Thursday, in Abuja expressed optimism about the prospects of increased investments from Shell Petroleum Development Company of Nigeria (SPDC), emphasizing Nigeria’s long-term relationship with the company, which discovered the first commercial oil field at Oloibiri in the Niger Delta in 1956. Receiving the management of Shell Group, led by its Global Integrated Gas and Upstream Director,…
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Minister rallies advertising, marketing professionals to amplify awareness on FG’s economic reforms
Minister of Information and National Orientation, Mohammed Idris, has urged members of the Advertising and Integrated Marketing Communication industry, to actively engage in sensitising Nigerians on the transformative economic reforms initiated by the Tinubu administration, which aimed at engendering economic growth and fostering a prosperous nation. Idris made the call in Abuja on Thursday while declaring open the National Advertising…
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FMDQ seeks improved action on $30trn sustainability fund
The Head Research FMDQ Group Plc, Dr Vincent Nwani, has expressed that there is a need to improve efforts to attract some of the $30trillion sustainability fund available globally into the Nigerian capital market. Nwani stated this at the Capital Market Correspondents Association of Nigeria 2023 workshop with the theme: ‘Leveraging Capital Market in Financing the National Development Plan. Nwani…
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New minimum wage must reflect economic realities – NLC
Ahead of next year’s negotiation of a new minimum wage for workers in the country, the Nigeria Labour Congress has said only an amount reflective of the current economic realities will be accepted. The NLC President, Mr Joe Ajaero, stated this on Tuesday in Abuja at the 19th edition of the NLC 2023 Harmattan School. The News Agency of Nigeria…
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Maida promises support for Meta on undersea cable initiative
Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has said the support of the Commission awaits law-abiding investors like Meta, (formerly Facebook), which responds positively to Nigeria’s desire for investments that promote the agenda of government to achieve a robust digital economy. Maida, who spoke when he received a delegation…
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Afreximbank’s President Oramah emerges FORBES AFRICA’s 2023 Person of the Year
The President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, today in Cairo received the FORBES AFRICA magazine 2023 Person of The Year award. At a well-attended award ceremony, which also included the unveiling of the cover for FORBES AFRICA’s December 2023/January 2024 edition featuring Prof. Oramah as Cover personality, Dr. Rakesh Wahi, FORBES AFRICA Founder and Publisher, and…
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Edun hails infracorp led consortium for securing 1GW Solar PV plant deal
The Nigerian government has taken a significant step towards addressing the country’s power challenges by signing a historic memorandum of understanding (MOU) to launch a 1GW Solar PV Manufacturing plant in Nigeria at the COP28 summit. The Coordinating Minister for the Economy, Chief Adebayo Edun, commends the Infracorp-led consortium for successfully securing a manufacturing plant in Nigeria. The signing of…
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NIS begins inquiry to passport racketeering in South East
In response to claims of illicit dealings in passport issuance within the south-eastern offices, The Comptroller General of the Nigeria Immigration Service’s (NIS), Wuraola Adepoju has initiated an inquiry. The NIS’s spokesperson, Adetoun Aridegbe, announced the investigation in a statement. The probe follows a report accusing regional control officers of demanding unauthorized fees on top of the standard charges for…
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