Breaking News in Nigeria Today Wednesday 13th November 2024
Here are some of the Breaking News in Nigeria Today Wednesday 13th November 2024 on some of the nation newspapers .
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Self-Deceit And Inherent Dangers
ShareNigerians, as a people, are arguably wallowing in the bondage of self-deceit, which unequivocally remains one of the greatest diseases bedevilling mankind. In my church, Catholic precisely, a prayer for ‘Nigeria in distress’ was being said for decades sometime ago. I grew up to join the chorus. It suffices to assert that the prayer was…
New Telegraph.
Tackling Nigeria’s Epileptic Power Situation
ShareReflecting the painful paradox of the scarcity of the processed products obtained from some significant natural resources Nigeria is abundantly blessed with, we cannot but mention that of Premium Motor Spirit (PMS) which we often queue for in an oil-producing country. Baffling also is that of insecurity in the same nation that spends trillions of…
New Telegraph.
FBN Holdings Sets N730bn Capital Base By Early 2025
ShareFBN Holdings is on track to raise its capital base to N730 billion by the first quarter of 2025, a strategic move aimed at surpassing the Central Bank of Nigeria’s (CBN) minimum capital threshold of N500 billion for banks with international operations. The Group Managing Director and Chief Executive Officer, Mr. Nnamdi Okonkwo, shared this…
New Telegraph.
Property Tax: IMF Acknowledges Exemplary Status Of Lagos, Delhi
ShareFor low-income countries to boost their development, the International Monetary Fund (IMF) has advocated that the governments adopt an efficient property tax into their revenue generation scheme. The trio of Martin Grote, Mario Mansour, and Jean-François Wen in a blog released yesterday, said the world’s governments must raise an additional $3 trillion to achieve sustainable…
New Telegraph.
Financial Services Hold 87.6% Trades On NGX
Share…as investors position for dividends As the fiscal year winds down to a close, equities investors are fast positioning in dividend paying stocks in expectation for mouth – watering returns. Consequently, the banking subsector of the market has seen unprecedented inflow in investments leading to spike in turnover volume of transactions. At the close of…
New Telegraph.
SystemSpecs’ Children’s Day Essay Competition Commences February 2025
ShareSystemSpecs has announced the 2025 edition of its Children’s Day Essay Competition (CDEC) to be opened on February 3, 2025. According to a press release, for the sixth consecutive year, the CDEC will provide Nigerian children aged nine to 16 a platform to showcase their creativity, critical thinking and problem-solving skills through the application of…
New Telegraph.
Irish President Seeks Global Collaboration For Africa’s Devt
SharePresident Michael Higgins of Ireland has emphasised the urgent need for global collaboration to tackle the intertwined crises of climate change, mounting debt, and food insecurity in Africa. He stated this in an address during the 2024 Kofi Annan Eminent Speakers Lecture. “The Global North is responsible for 92% of overshoot emissions, that is the…
New Telegraph.
CBN, Ministry Intensify Coordination To Tackle Illegal Forex Holdings
ShareThe flurry of developments in the financial sector, in recent weeks, clearly indicates that the Central Bank of Nigeria (CBN) is actively collaborating with the Federal Ministry of Finance to ensure exchange rate stability. For instance, the CBN Governor, Olayemi Cardoso, and the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun,…
New Telegraph.
Agents Blame 43% Rise In Freighting Cargoes On Port Delays
ShareAs festive season approaches, clearing agents are complaining that bottle – necks and unnecessary delays at the ports have raised the cost of transporting cargoes from Lagos ports to other parts of the metropolis by 43 per cent from N400,000 to N700,000 since the beginning of this month. Worried by this, the Association of Nigerian…
New Telegraph.
Study: Banks’ Huge Investment In GenAI Paying Off
ShareA new global report on the use of GenAI in banking finds that financial services lead other industries in implementing the technology. A recent survey found that 17 per cent of banking leaders have fully integrated GenAI into their regular processes. Further, three in fiive currently use GenAI to some degree – and nearly all…
New Telegraph.
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