Business

The 2019 Global Multidimensional Poverty Index has indicated that “multi dimensionally poor” Nigerians increased from 86 million to 98 million between 2007 and 2017. The report released in New York on Thursday by the United Nations Development Programme and the Oxford Poverty and Human Development Initiative, noted that the proportion …

The Federal Government has cancelled the printing of e-passports by companies other than the Nigerian Printing and Minting Company. The Presidency, in a statement just released by the Special Adviser to President on Media and Publicity, Femi Adesina, said all existing contracts for printing passports elsewhere would not be renewed …

forty-three days after the 2019 budget was signed into law by President Muhammadu Buhari, the Federal Government has yet to release funds to Ministries, Departments and Agencies for the implementation of capital projects. Buhari had on 27th May signed the 2019 budget of N8.91tn, made up of capital expenditure of …

Amidst concerns by the Bretton Woods Institutions, including the International Monetary Fund (IMF), and World Bank over Nigeria’s ability to repay its foreign debt, which has continued to rise, the Debt Management Office (DMO), has put the country’s public debt at N25 trillion. Although the institutions said conditions were favourable …

The South-East Governors Forum has said movement of cattle into the geopolitical zone through the bush paths by foot will no longer be allowed. A statement by the Director General, South-East Governors Forum, Prof. Simon Ortuanya, said that was an agreement reached with herdsmen living in the zone, adding that …

President Muhammadu Buhari has solicited the support of the Islamic Development Bank to address Nigeria’s infrastructure deficit. The President’s spokesman, Femi Adesina, said this in a statement. Adesina said the President made the call during a bilateral meeting with Dr Mansur Muhtar, Vice President, Islamic Development Bank on the margins …

Nobel Laureate, Prof. Wole Soyinka and Ooni of Ife, Oba Adeyeye Ogunwusi, Ojaja II, have called on Nigerians to defend the sanctity of their ancestral land. They urged the people to recognise that the internal colonisation project is ever recurrent, as there are backward, primitive, undeveloped minds that have failed …

The Nigerian National Petroleum Corporation (NNPC) has inaugurated a modern multi-media studio to enhance its communication strategies. The Group Managing Director of the Corporation, Dr Maikanti Baru, applauded the leadership of the corporation’s Group Public Affairs Division (GPAD) for efficiently managing resources to build an ultra-modern multi-media studio. Baru gave …

President Muhammadu Buhari on Sunday(Today) finally signed the African Continental Free Trade Area (AfCFTA) agreement. The signing comes several months after the Nigerian leader initially refused to sign the agreement which has already been signed by about 52 other African countries. Buhari signed the agreement in Niger Republic on Sunday. …

A Federal High Court sitting in Abuja, while dismissing the suit filed by the Miyetti Allah Kautal Hore challenging the 2017 Open Grazing Prohibition and Establishment Law passed by the Benue State House of Assembly, awarded a cost of N100,000 against the plaintiff to be paid to all the defendants …