Breaking News in Nigeria Today Wednesday 1st February 2023
Here are some of the Breaking News in Nigeria Today Wednesday 1st February 2023 on some of the nation newspapers .
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Kalu extols virtues of late Emir of Dutse, Sanusi
Former Governor of Abia State and Chief Whip of the Senate, Dr. Orji Kalu has commiserated with the government and people of Jigawa state over the demise of the Emir of Dutse, Alhaji Nuhu Sanusi. Acknowledging the no-ble contributions of the late Emir to his community, Jigawa State and Nigeria, Kalu stressed that the late
What do the Fulani want?
You must have watched the video trending on social media titled “Who handed over Nigeria to the Fulani?” Some answered by saying the departing British colonial masters handed over Nigeria to the Fulani. There is some truth in that assertion. But others have said the Southern political leaders who preferred to accept worthless positions from
Boosting financial inclusion with national domestic card scheme
The recent launch and brand unveiling of the national domestic card scheme, known as “AfriGo,” by the Central Bank of Nigeria (CBN) and the Nigeria Interbank Settlement System (NIBSS), is a significant development given that it will further enhance financial inclusion in the country, writes Tony Chukwunyem In her address at the Zenith Bank Tech
‘2023 as new dawn for market, Nigerian economy’
Nigerian Exchange Limited (NGX) made a strong showing with its performance in the year 2022 as it recorded landmark transactions. At the NGX 2022 Market Recap and 2023 Outlook held on Wednesday, January 25, 2023, the Chief Executive Officer, NGX, Mr Temi Popoola said: “In 2022, the equities market performance was evidenced by the 19.98
Illicit maritime activities threaten regional development
Illicit maritime activities, such as illegal fishing, pollution, trafficking and other crimes threatening precious ocean resources for economic growth and security would make United States and other navies domiciled in Nigeria and other West African waters to stay beyond 2024, BAYO AKOMOLAFE reports In December 2021, a United Nations report said that the surge of
Lekki Port to reduce cost of importation, demurrage
The Managing Director of Lekki Port LFTZ Enterprise Limited (LPLEL), Mr. Du Ruogang, has assured that there would be drastic reduction in delays in the supply of raw materials, equipment, reduced costs of importations and charges such as demurrage, among others at Lekki Ports. He stressed that the port would drive external trade competitiveness through
‘States should avoid over-reliance on FAAC distributions’
In order to ensure more resilience against future shocks, state governments in the country should depend less on the funds they receive monthly from the Federation Account Allocation Committee (FAAC) and diversify their revenue base, analysts at the Research Department of Coronation Merchant Bank have said. The analysts stated this while reacting to the latest
PMS: Vessels arrive Lagos fuel jetties with 181,750 tonnes
As Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) put the nation’s petrol stock at 1.6 billion litres, eight vessels have berthed at Lagos fuel jetties to offload 181,750 tonnes (181.75million litres) of the scarce petroleum Motor Spirit (PMS). The authority said that it would engage and collaborate with the Nigeria Customs Service (NCS) to
Bank loans to government rise by N10.82trn in 1 year
Financial institutions’ total loans to the government rose by N10.82trillion or 78.18 per cent, to N24.66trillion as at December 2022, from N13.84rillion in December 2021, latest data released by the Central Bank of Nigeria (CBN) shows. New Telegraph’s analysis of updated “money and credit statistics,” released by the apex bank, over the weekend, indicates that
SEC advocates more investments in commodity sector
The Securities and Exchange Commission has urged the need for more investments especially by the private sector in the commodity trading ecosystem. Director-General, SEC, Mr. Lamido Yuguda, stated this during an interview on the recently commissioned 32 metric tonnes per hour Lagos Rice Mill in Imota, Ikorodu, Lagos State. Yuguda stated that the capital market
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