The Central Bank of Nigeria and Nigerian Communications Commission have jointly approve the introduction of new charges for customers using the Unstructured Supplementary Service Data services (USSD). This was contained in a statement released on Tuesday and jointly signed by the apex bank’s Acting Director, Corporate Communications, Osita Nwanisobi; and …
Read More »AfCFTA: We Will Deal Decisively With Predatory Trade Practices, Adebayo Tells LCCI
The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo said the government has put measures place to protect manufacturing and service sectors of Nigeria against threat and trade manipulations that may stem from the African Continental Free Trade (AfCFTA) Agreement. According to Adebayo, who is the Chairman of …
Read More »EFCC Gives Nigerian Bankers 3-month Ultimatum to Declare their Assets
The Economic and Financial Crimes Commission, EFCC, has said that it expects all operators in the Nigerian financial system especially bankers to declare their assets latest June 1, 2021. The Commission’s Executive Chairman, Abdulrashed Bawa, dropped this hint today March 16, while speaking with journalists at the State House, Abuja …
Read More »Nigeria’s Unemployment Rate Hits 33.3% in Q4 2020
Nigeria’s unemployment rate rose from 27.1 per cent in the second quarter of 2020 to 33.3 per cent in the fourth quarter of 2020, latest figures from the National Bureau of Statistics showed on Monday. The NBS stated in its report on ‘Labour force Statistics: Unemployment and underemployment report- Abridged …
Read More »39 million Africans at Risk of Falling into Extreme Poverty– AfDB
Thirty-nine million Africans are at risk of falling into extreme poverty by 2021. This was announced by the African Development Bank (AfDB) in a report published last week. In its African Economic Outlook 2021, the institution said the Covid-19 pandemic will continue to affect the most fragile segments of the …
Read More »Oil Prices Drop Amid Worrying Developments on COVID-19
Oil prices extended losses on Tuesday, amid worrying developments on the COVID-19 front. Major European nations, including Germany, France, Italy, and Spain, reportedly suspended the use of AstraZeneca’s COVID-19 vaccine Monday over reports of dangerous blood clots in some recipients. In China, meantime, there were 13 new virus cases on …
Read More »Nigeria Allocates 0.5% of GDP to Development of Science, Technology
President Muhammadu Buhari, said that the Federal Government has allocated 0.5% of the country’s annual GDP (Gross Domestic Product), to improve investment and aid the development of Science, Technology and Innovation in the country. The president disclosed that the investment in STI is in line with the African Union resolution …
Read More »Despite Debt Burden, COVID-19 Constraints Hope Rises for Africa’s Growth in 2021
Despite the challenging backdrop of a global pandemic and external economic shocks, Africa is expected to recover from its worst recession in half a century and reach 3.4 percent growth in 2021, the African Development Bank said in its 2021 African Economic Outlook report. The outbreak of the novel coronavirus …
Read More »Graduate of Benin, Niger, Cameroon Banned from participating in NYSC
The National Youths Service Corps, NYSC, has delisted graduates of eight foreign universities in Benin Republic, Niger and Cameroon from participating in the 2021 Batch A orientation course. In a circular containing the ban, dated March 5, 2021, which was addressed to State/FCT Coordinators and sighted by Daily Nigerian, the …
Read More »Ghana to Raise $5bn on International Money Market
The Ghanaian government will soon carry out a new operation on the international capital market, the Finance Ministry reported on a March 9 note. For this new fundraising, the country is seeking $ 5 billion to finance the 2021 budget, whose deficit is expected this year at 8.3% of GDP. Before …
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