President Muhammadu Buhari has declared that full utilization of Nigeria’s gas resources has the capacity to uplift the nation’s economy. President Buhari made the declaration at the launch of the “The Decade of Gas in Nigeria”, which is to achieve a gas-powered economy by 2030. The launch was done alongside the opening of a conference in Abuja,…
The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at eleven point five percent. The Governor of the Central Bank of Nigeria, Godwin Emefiele, made the announcement at a media briefing after the meeting of the MPC. Emefiele said the MPC expects to see improvement in the economy through sustained…
The World Trade Organisation has confirmed Nigeria’s former Finance Minister, Ngozi Okonjo-Iweala as its first African and first female Director General. The WTO had been without a leader for nearly six months, and Okonjo-Iweala became the sole contender for the top job after her South Korean rival withdrew from the race. In a televised acceptance address from…
The Federal Government has extended the deadline for Nigerians to link their National Identity Number to mobile phone SIM by eight weeks. This means that instead of the initial expiry date of February 9, mobile phone subscribers who are yet to link their SIM to their NIN would be allowed to enjoy services until April 8, 2021.…
On the foreign scene; a new report has revealed that billionaires around the world have made more money during the Covid-19 pandemic. According to the report from Swiss bank UBS, the world’s richest people saw their wealth climb by 27.5% from April to July this year. UBS also said the number of billionaires increased to a new…
The Federal Government has granted a two-month licence-fee waiver for terrestrial broadcast stations in the country as part of efforts to ease the negative effect of the COVID-19 pandemic on the broadcast industry. The Minister of Information and Culture, Lai Mohammed, announced the waiver during a meeting in Abuja between the National Broadcasting Commission, NBC, and the…