Breaking News in Nigeria Today Monday 18th December 2023
Here are some of the Breaking News in Nigeria Today Monday 18th December 2023 on some of the nation newspapers .
Read also
Nigerian Breweries chairman quits board
Nigerian Breweries Plc has said that its Chairman, Board of Director, Asue Ighodalo, will be resigning on December 31, 2023 to enable him devote his full attention to the new cause. The company also appointed the longest serving Director, Sijbe Hiemstra, to act as the chairman in the interim effective January 1, 2024. During this…
New Telegraph.
PTAD presents N134.8bn budget for pension, gratuities to lawmakers
The Executive Secretary, Pension Transitional Arrangement Directorate (PTAD), Dr. Chioma Ejikeme, has presented a budget of N134.8 billion for the payment of pension, gratuities and unfunded liabilities for the year 2024. The presentation was done before members of the Senate Committee on Establishment & Public Service and House Committee on Pension, at a joint sitting…
New Telegraph.
Ex-worker files N492m suit against Nicon Insurance
Akintunde, former Assistant General Manager (AGM), Technical of NICON Insurance Company Limited, has filed a N492 million suit against the company over allegations bordering on backlog of unpaid salaries and other entitlements. Akintunde, in an amended suit marked: NICN/ABJ/264/2023 filed at the National Industrial Court, Abuja, prayed the court to declare that his former employer…
New Telegraph.
Nigeria’s social commerce platform raises $2.65m
Nigerian fashion and beauty e-commerce platform, MAKA, has raised a $2.65 million pre-seed round. The investment was co-led by prominent investors 4DX Ventures and Janngo, with additional backing from Palm Drive Capital. Notably, the round also includes angel investor Jonathan Shipman (Former EVP and Twitch founding member) and executives from delivery platform Wolt. Founded by…
New Telegraph.
Digital Trade: IMF expresses concern over Nigeria, others falling behind
A new report on digital trade by the International Monetary Fund (IMF) has explored opportunities and challenges for developing economies with regard to digital trade According to a blog by the Fund, despite the opportunities, many developing economies, in particular low-income countries, risk falling behind. It identified the reasons to include gaps in connectivity, information…
New Telegraph.
US bank stocks drop as Fed policymaker plays down rate-cut expectations
U.S. bank stocks fell on Friday after a U.S. Federal Reserve policymaker dashed market expectations of interest-rate cuts early next year but were still trading close to the level last seen before the sector’s crisis in March. Expectations that a rate cut in early 2024 would help loan growth and lower deposit costs had powered…
New Telegraph.
What vehicle owners’ll gain from new Third Party cover
Following unending crisis among vehicle owners over crashes on the roads, indications have emerged that most Nigerians motorists are yet to take full advantage of their Third Party insurance policy pact with underwriters. Findings revealed that despite the aggressive campaigns by insurance operators to keep policyholders abreast of benefits in Third Party motor policy, which…
New Telegraph.
Rivers Crisis: Lawmakers Reject 2024 Budget
The Martins Amaehwule-led faction of the Rivers State House of Assembly has expressed its disapproval of the passage of the 2024 budget by the four members of the assembly led by Edison Ehie. It was reported last week that the four-man House of Assembly approved the N800 billion budget, shortly after it was presented by…
New Telegraph.
Rivers Crisis: Pro-Wike Lawmakers Reject 2024 Budget
Martins Amaehwule-led faction of the Rivers State House of Assembly on Sunday expressed its disapproval of the passage of the 2024 budget by the four members of the state assembly led by Edison Ehie. Sunday Telegraph had last week reported that the four-man House of Assembly members approved the sum of N800 billion budget, shortly…
New Telegraph.
Market Women, Others To Benefit As Sanwo-Olu Launches N750m Lagos Tradermoney
Lagos State Governor, Mr Babajide Sanwo-Olu, on Sunday announced a N750 million intervention to assist a total of 15,000 market men and women in the state. Dubbed “Lagos Tradermoni ”, the Governor said the assistance to traders was part of measures to address the effects of inflation in the country. Sanwo-Olu made this known during…
New Telegraph.
Read also
You can also check
