Economy

The Southern and Middle-Belt Leaders Forum (SMBLF) has berated the Independent National Electoral Commission (INEC) over its conduct of the presidential and National Assembly elections and also faulted the Federal Government’s naira redesign policy. In an open letter signed by the leaders of the Forum – Edwin Kiagbodo Clark, OFR, …

The Federal Executive Council has also approved the Nigeria Agenda 2050, a plan aimed at increasing real GDP growth by seven per cent, creating 165 million new jobs and reducing the number of people living in poverty to 2.1 million in 2050. This is coming about 29 months after President …

The Nigeria Labour Congress has suspended its ongoing industrial action in Imo State. The suspension of the strike was announced by a statement issued by the NLC National President, Joe Ajaero. The statement disclosed that the suspension of the strike was due to interventions made by “highly respected and well- …

Delta Government called on residents of the state to comply with the Central Bank of Nigeria CBN’s directive that the old N1,000, N500 and N200 notes remain legal tenders till December 31, 2023. The State Commissioner for Information, Mr. Charles Aniagwu made the call in a statement in Asaba wherein …

The Federal Airports Authority of Nigeria (FAAN) on Monday the runway at the Murtala Muhammed International Airport (MMIA) in Ikeja, Lagos State is being shut for eight weeks to carry out maintenance work. In a tweet on Monday, the Authority reiterated its commitment to safety, security and comfort – its …

The National Bar Association has condemned the stance of the Federal Government on its naira redesign policy. The association in the statement signed by its president, Yakubu Maikyau, is demanding compliance with the judgment of the Supreme Court in suit no: SC/CV/162/2023 delivered on March 3. The NBA disclosed that …

Governor Biodun Oyebanji of Ekiti has said the government would arrest and prosecute traders and service providers who reject the old N500 and N1,000 denominations. In a statement issued by his Special Adviser on Media, Mr Yinka Olubode and made available to newsmen on Saturday in Ado-Ekiti, Oyebanji appealed to …

The African Development Bank has issued a two billion dollar five-year Global Benchmark bond due March 14, 2028. The continental bank revealed this in a statement on Thursday, describing the bond as its first of the year. The bond was issued on March 7, 2023. AfDB said that the bond …

Britain’s economy rebounded in January, official data showed Friday, after it narrowly avoided recession in the fourth quarter despite soaring inflation. Gross domestic product grew 0.3 percent, the Office for National Statistics (ONS) said in a statement, as the services sector offset a poor performance by construction and manufacturing. GDP …

The Nigerian Railway Corporation (NRC) has explained why train service along the Warri-Itakpe corridor has not resumed over six weeks after its suspension. The service was suspended on 22nd January by the Corporation after the train derailed at Km30 Ajaokuta-Itakpe section in Kogi State with 148 passengers and 30 crew …