Economy

October 1st Protest Targeted At Embarrassing President Tinubu – Group

October 1st Protest Targeted At Embarrassing President Tinubu – Group

October 1 Protest Target To Embarrass Tinubu – Groups Say Frontline leaders representing over 60 youthful organisations on Thursday promised the office of the Presidential Amnesty Programme that their members would steer clear of the October 1 nationwide protest. The groups alleged that the demonstration being planned by some agitated youths and civil society movements was targeted at embarrassing the administration of President Bola Tinubu. The delegation led by the President of Nigeria Youth Organization, Duke Alamboye, gave the assurance during a courtesy visit to the Administrator of the Presidential Amnesty Programme, Dr Dennis Otuaro, in Abuja. This was contained…
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Tinubu’s Government Inherited Hardship From Buhari’s Administration – Emir

Tinubu’s Government Inherited Hardship From Buhari’s Administration – Emir

Tinubu’s Govt Inherited Hardship From Buhari’s Administration – Emir Alhaji Umar Farouk Bahago, the Emir of Minna has stated that the current economic challenges faced by Nigerians were inherited from the Buhari administration. He made this assertion during a sensitisation event on federal government intervention programmes organised by the Office of the Minister of Information and National Orientation, held in Minna, Niger State. Represented by the Hadinin Minna, Alhaji Maikudi Achaza, the emir commended President Bola Tinubu for his efforts to address the issues stemming from past corruption. He emphasised that many citizens remain unaware of the Tinubu administration’s initiatives…
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Minimum Wage: Private Employers Paying Below N70,000 Risk Jail – FGN

Minimum Wage: Private Employers Paying Below N70,000 Risk Jail – FGN

Private Employers Paying Below N70,000 Risk Jail – FG The Federal Government has called on agencies recruiting for the private sector to adhere to the N70,000 minimum wage, warning that any deviation would not be tolerated. According to the FG, the new minimum wage is necessary to address the current economic reality, emphasising that no Nigerian worker, whether in government or private employment, should be paid less than the minimum wage. The Permanent Secretary, Federal Ministry of Labour and Employment, Alhaji Ismaila Abubakar, stated this on Wednesday while speaking at the 13th Annual General Meeting of the Employers Association for…
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NNPCL/Dangote: Fresh Dispute Emerges Over Supply Volume

NNPCL/Dangote: Fresh Dispute Emerges Over Supply Volume

NNPCL/Dangote: Fresh Dispute Emerges Over Supply Volume More controversy has emerged in the execution of a sale-purchase deal on premium motor spirit, otherwise known as petrol, between the Nigerian National Petroleum Company Limited, NNPCL, and Dangote Refinery. Findings by Vanguard yesterday indicated that while the NNPCL believes Dangote cannot supply an adequate quantity of the product, Dangote told Vanguard it had already delivered 111 million litres of the product within three days (last Sunday to yesterday), adding that loading was still ongoing steadily.NNPCL last weekend said Dangote could only deliver 16.8 million litres out of the 25 million litres it…
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Presidency Reacts To Reports Of CBN Governor, Yemi Cardoso’s Resignation

Presidency Reacts To Reports Of CBN Governor, Yemi Cardoso’s Resignation

Presidency Reacts To Reports Of CBN Governor, Yemi Cardoso’s Resignation The presidency has dismissed a viral report claiming that President Bola Tinubu asked Central Bank of Nigeria (CBN) Governor Yemi Cardoso to resign. An online business publication had alleged that the President requested Cardoso’s resignation due to his failure to revive the economy and stabilize the naira, a year after assuming the role. The report further stated that Cardoso had allegedly promised to shore up the value of the naira to a range of N700 to N900 per dollar by May 2024, a target that was not met, leading to…
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FGN Unveils $100 Billion Creative Economy Growth Plan, Target 2 Million Jobs

FGN Unveils $100 Billion Creative Economy Growth Plan, Target 2 Million Jobs

FG Unveils $100 Billion Creative Economy Growth Plan, Target 2 Million Jobs The Federal Government has launched an eight-point plan to generate at least $100 billion and create over two million jobs from Nigeria’s creative economy yearly. The plan, unveiled by the Minister of Art, Culture and the Creative Economy, Hannatu Musa Musawa, at a roundtable for local and international investors in Lagos, has the potential to grow Nigeria’s creative economy by 400% by 2027, positioning the sector to leapfrog in the long term. According to the Minister, the 8-Point Plan and Roadmap include initiatives such as skills development, policy…
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Meet Nigerian Woman Who Produces Over 10,000 Tons Of Cassava And Makes Over $12 Million Annually

Meet Nigerian Woman Who Produces Over 10,000 Tons Of Cassava And Makes Over $12 Million Annually

MEET A WOMAN WHO PRODUCES OVER 10,000 TONS OF CASSAVA AND MAKES OVER $12 MILLION ANNUALLY Meet Yemisi Iranloye, the Nigerian entrepreneur who has become the undisputed "Cassava Queen." Despite facing competition from multinational corporations, she has maintained her dominance in the cassava industry. With her company, Psaltry International, Iranloye produces an impressive 10,000 tons of cassava annually, generating an astonishing annual turnover of $12 million. Her success is a testament to her unwavering determination and business acumen. Iranloye's journey began in her hometown of Ilesa, Osun State, Nigeria. She started her business with a modest investment and a deep…
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It’s Very Misleading – Dangote Refinery Speaks On Selling Petrol At N898 Per Litre

It’s Very Misleading – Dangote Refinery Speaks On Selling Petrol At N898 Per Litre

It’s Very Misleading — Dangote Refinery Speaks On Selling Petrol At N898 Per Litre Dangote Petroleum Refinery says the claim by the Nigerian National Petroleum Company (NNPC) Limited that the refiner sold petrol at N898 per litre is misleading. In a statement on Sunday by Dangote Group, the company described the statement by NNPC as “mischievous”. There had been several news reports that NNPCL said it purchased fuel at N898 per litre from the Dangote Refinery in Lagos. But in a statement on Sunday by Dangote Group, the company described the statement by NNPC as “mischievous”. The Press statement reads:…
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Abia State Gov. Alex Otti Urges Traders To Relocate To ABIA, Assures Them Of Adequate Security And Business Friendly Atmospheres

Abia State Gov. Alex Otti Urges Traders To Relocate To ABIA, Assures Them Of Adequate Security And Business Friendly Atmospheres

ABIA STATE GOV. ALEX OTTI URGES TRADERS TO RELOCATE TO ABIA, ASSURES THEM OF ADEQUATE SECURITY AND BUSINESS FRIENDLY ATMOSPHERES: Governor Alex Chioma Otti OFR has assured leaders and traders of Alaba International Markets, Oyinbo, Ladipo, and United Market Leaders and Traders Association of Nigeria of adequate security measures, a business-friendly atmosphere, and a conducive environment to invest and do business in Abia State. Through his Special Adviser on Trade, Commerce, and Industry, Chief Nwaka Inem, Governor Otti expressed his administration's readiness to create physical infrastructural development and facilities that will serve as a one-stop business hub for investors and…
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Tapping Into The Next Frontier: Leadership And Imperatives Of New Development Paradigm For Africa – Being Gov. Otti’s Speech At 2024 Innovative Africa Conference Washington University

Tapping Into The Next Frontier: Leadership And Imperatives Of New Development Paradigm For Africa – Being Gov. Otti’s Speech At 2024 Innovative Africa Conference Washington University

Tapping into the Next Frontier: Leadership and the Imperatives of New Development Paradigm for Africa Being the Text of a Keynote Speech by Governor Alex C. Otti, OFR, at the 2024 Innovate Africa Conference 2024 on Friday, September 13, 2024, at the George Washington University, DC, United States. Protocols, There is a general consensus amongst development experts, scholars and investors that Africa offers two very strategic prospects for the future of our civilisation. Firstly, the vast deposits of highly-priced mineral resources buried in our soil are becoming increasingly critical in the continuing push to build a more sustainable future for…
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