Browsing: Business

The Federal Government is committed to taking all necessary measures to curb inflation and enhance the value of the naira.

The federal government has disclosed its ongoing efforts to combat surging inflation and stabilize foreign exchange rates. Minister of Information and National Orientation, Mohammed Idris, made this assurance in a statement issued on Sunday, January 28, in Abuja. He highlighted President Bola Tinubu’s administration’s initiatives, emphasizing their commitment to enhancing the quality of life for…

The Transmission Company of Nigeria (TCN) announces a two-day power outage in three states.

The Transmission Company of Nigeria (TCN) has announced a scheduled power outage affecting electricity consumers in Gombe, as well as certain areas in Yola and Bauchi states. The outage is due to planned maintenance on the T1A 150MVA, 330/132/33kV transformer bay, scheduled to take place on Thursday and Friday, January 18 and 19, 2024. During…

PRESIDENT TINUBU RECEIVES BRIEF ON $10 BILLION INVESTMENT PROSPECTS IN NIGERIA’S STEEL SECTOR

President Bola Tinubu, on Thursday, at the State House in Abuja, held a meeting with the Minister of Steel Development, Prince Shuaibu Abubakar Audu, and the Minister of Defence, Alhaji Mohammed Badaru, during which he received briefing on investment prospects in the steel sector. The President emphasized that a revitalized steel development industry is both…

The Central Bank of Nigeria (CBN) has removed the boards of Titan Trust Bank, Union Bank, Keystone Bank, and Polaris Bank.

Following a meeting held in Abuja on Wednesday, January 10, the Central Bank of Nigeria has disbanded the boards of Titan Trust Bank, Union Bank, Keystone Bank, and Polaris Bank. These actions come in the context of ongoing special investigations into the management of the CBN during the tenure of the former governor, Godwin Emefiele,…

The Central Bank of Nigeria assures Nigerians that their funds are secure in banks.

The Central Bank of Nigeria has reassured the public that funds deposited in banks are secure, emphasizing the robustness of the country’s banking sector to provide optimal service. In response to unverified reports circulating, not originating from the CBN, regarding the health status of Nigerian banks, the apex bank urged the public to remain confident…

Devalued Naira has left lecturers in poverty and triggered a widespread departure, says UNILAG Vice-Chancellor.

Professor Folashade Ogunsola, the Vice-Chancellor of the University of Lagos, highlighted the impact of the weakened Naira on the mass departure of lecturers from the country. During a media briefing, she expressed the challenges faced by the education sector in 2023 due to the country’s economic downturn, resulting in a shortage of young educators. Ogunsola…

PRESIDENT TINUBU: WE WILL ALWAYS UPHOLD MEDIA FREEDOM, RESPECT DIVERGENT VIEWS

President Bola Tinubu says his administration will always uphold media freedom and respect opinions, whether they are adversarial or complimentary to his government. The President made the pledge on Monday in Abuja during a meeting with members of the Newspaper Proprietors’ Association of Nigeria (NPAN). President Tinubu assured NPAN members that he would carefully consider…

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