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Buhari launches NSCDC command, training college in Jos
News

Buhari launches NSCDC command, training college in Jos

The NSCDC Command and Training College in Jos, Plateau State, has officially opened under the leadership of The President, Major General Muhammadu Buhari. The Guardian reported that the event happened on Friday, according to a statement made by NSCDC spokesperson, Mr. Olusola Odumosu on Saturday. According to the spokesperson, Buhari also officially opened the institution for 500 […]

President of the Nigerian Association of Resident Doctors of Nigeria, Dr Emeka Orji
Business

Resident doctors, FG sign MOU to end strike

The Nigerian Association of Resident Doctors and the Federal Government have reached an agreement, as they signed a Memorandum of Understanding to bring an end to the ongoing strike. A five-day warning strike started on May 17 to emphasize their demands after the 14-day ultimatum given to the government elapsed. The doctors are requesting an […]

FG vows to proceed with cabotage fund distribution
News

FG vows to proceed with cabotage fund distribution

The Federal Government has stated that the Cabotage Vessels Financing Fund disbursement cannot be halted. The Punch reported that according to a release, the minister of transportation, Mu’azu Sambo, said this over the weekend in Lagos during the investiture and inauguration of the seventh president of the Nigerian Chamber of Shipping,  Mr. Aminu Umar. Recall […]

Business

Ondo agency hails Akeredolu’s administration over Deep Seaport approval

The Ondo State Development and Investment Promotion Agency has commended the state government and other stakeholders who have contributed to the Federal Government’s approval of the deep seaport to be established in the state. According to The PUNCH, the operating license for the port was approved during the recent Federal Executive Council meeting held at […]

News

FRCN privatization will boost economy, create jobs – FG

The Federal Government has handed over, the Federal Radio Corporation of Nigeria to the Fish Valley Investments and Properties Ltd, in a Public Private Partnership.   The Minister of Information and Culture, Lai Mohammed, made this known during the handing over ceremony of six hectares of land to MESSRS Fish Valley Investments and Properties Ltd, […]

10 facts about late FCMB founder Subomi Balogun
News

10 facts about late FCMB founder Subomi Balogun

  Nigerians especially the banking sector was thrown into a state of mourning following the death of prominent Nigerian business man and banker, Otunba Subomi Balogun, on Friday. AM Business reported that the founder First City Monument Bank was reported to have died in a London Hospital after a brief illness. Below are some facts […]

FCMB Founder Otunba Subomi Balogun is dead
News

FCMB Founder Otunba Subomi Balogun is dead

    He dead on Friday morning at a London hospital after a brief illness. He was 89. Otunba Balogun was a direct descendant of Oba Tunwase of Ijebu-Ode. He was until his death held many chieftaincy titles, and the most prominent is Tunwase of Ijebuland. More details later…

PenCom recovers N25.45bn unremitted contributions
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How pension assets hit N15.58tn – PenCom

The total pension assets of the National Pension Commission, PenCom, is currently over N15.58 trillion. The Director-General of the commission, Aisha Dahir-Umar, revealed this at a workshop organized for the Labour Writers Association of Nigeria, LAWAN, with the theme, “Securing the Future: The Benefits of the Contributory Pension Scheme to the Nigerian Workers,” in Lagos […]

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Africa’s growth rate to hit 3.4% in 2023 – UN

The United Nations reported that global growth in 2023 is likely to hit 3.4%, which is less severe than originally anticipated because of resilient household spending in rich nations and China’s economic recovery. Nairametrics reported that they announced that the global growth prediction has been revised upward by 0.4 percentage points from the January forecast. […]

IMF backs CBN on interest rate hike
News

IMF grants Ghana $3bn loan

The International Monetary Fund approved a $3 billion loan for Ghana on Wednesday, with the first immediate disbursement amounting to around $600 million. According to Leadership, Ghana is a West African nation suffering from severe economic crisis. The Extended Fund Facility will fund the 36-month program, which was approved by the IMF board. In an IMF […]

FG reiterates ban on raw ore exportation
Business

FG reiterates ban on raw ore exportation

The Minister of Mines and Steel Development, Architect Olamilekan Adegbite, has warned industry participants that the restriction on the export of raw ore remains in effect and that any violation of it will be treated as economic sabotage by the government. Nigerian Tribune reported that the Minister stated that small-scale miners will be empowered through the […]