Nigeria and other African nations are losing $50 billion a year to illegal financial outflows, according to the Nigerian Shippers’ Council. The Executive Secretary/Chief Executive Officer of the NSC, Pius Akutah, stated this in Lagos recently during a debate competition organised by some members of the National Youth Service Corps in collaboration with industrial trainees […]
The Management of Dangote Industries Limited has insisted that the international oil companies are still frustrating crude supply to its 650,000-capacity refinery. The management said this even as it commended the Nigerian Upstream Petroleum Regulatory Commission for its various interventions in the oil company’s crude supply requests from IOCs, and for publishing the Domestic Crude […]
Despite the harsh operating business environment in the economy, insurance companies were able to grow their total assets by 36.9 per cent year-on-year, YoY, to N3.3 trillion in Q1’24 from N2.4 trillion in the corresponding period of Q1’23. The National Insurance Commission, NAICOM, disclosed this yesterday, in its first quarter Q1’24 report of the insurance sector. […]
The Information and Communications Technology, ICT, the sector has shown great stability in recent years, holding off bad economic conditions, to contribute handsomely to the nation’s Gross Domestic Product, GDP. However, the sector, buoyed by the huge contribution of the telecommunications sub-sector is beginning to show weak signals which industry operators are not comfortable with. […]
Former Germany coach, Joachim Low wants the vacant England job, UK Sun reports. Recall that Southgate recently resigned as the manager of the Three Lions following the conclusion of the Euro 2024. Southgate had led England to the Euro 2024 final where they lost 2-1 to champions Spain. Former Germany coach, Joachim Low wants the […]
Sixteen people have died in China after a fire incident at a shopping centre. Reports had it Thursday morning that the incident occurred at the shopping mall on Wednesday in the southwestern Chinese city of Zigong. Firefighters got to the fire shortly after 6 pm at the 14-storey commercial building, pulling 75 people to safety, […]
Following the lifting of the visa ban on Nigeria, the United Arab Emirates Government has increased its visa fee by over 300 per cent, which has been condemned by air travellers in the country. Expressing anger over the development, a traveller at the international wing of the Murtala Muhammed International Airport, Lagos, Rose Aikigbe, said […]
The International Monetary Fund (IMF) says global growth is projected to remain unchanged at 3.2 per cent in 2024 and 3.3 per cent in 2025. This is according to the IMF’s latest World Economic Outlook (WEO) Update Report for July 2024: “The Global Economy in a Sticky Spot” released on Tuesday. The report said though […]
The Nigeria Employers’ Consultative Association, NECA, Manufacturers Association of Nigeria, MAN, and the Nigerian Association of Chambers of Commerce Industry Mines and Agriculture, NACCIMA, have blamed hastily implemented government policy shifts without corresponding plans to mitigate the negative effects of the inception of the present government for the socio-economic crises confronting the country currently. President […]
The Nigeria Centre for Disease Control and Prevention (NCDC) has issued a warning about the increasing number of yellow fever cases in the country, coinciding with the ongoing cholera outbreak that has affected nearly all states, News Agency of Nigeria (NAN) reported. This was announced by Dr Jide Idris, the Director-General of the NCDC, during […]
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