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The Nigerian Senate, on Wednesday has passed the 2022 budget appropriation bill. The red chamber during today's plenary passed N17.126 trillion as against N16.391 trillion which was presented by President Muhammadu Buhari in October 2021. The Senate while passing the bill also increased the benchmark price of crude from $57 to $62 per barrel. The…
December 22, 2021
Labour and civil society groups have called on the federal government to jettison privatization in the nation’s power and water sectors and instead, sustainably fund the sectors while building the capacity of the workers in the sector to improve service delivery. At a Trade Unions’ Press Briefing with the theme: Promoting Transparency and Decent Work…
December 22, 2021
The Ikoyi Club, an elite social organisation in Lagos has announced the suspension of Mr Modupe Alakija, the husband of billionaire and business mogul, Mrs. Folorunsho Alakija, for allegedly assaulting a fellow member. Mrs. Alakija, a woman of enormous wealth and power, had in 2019 emerged as the richest African woman, according to Forbes Black…
December 22, 2021
The appointment of Ahmad Abdullahi as a non-executive director and chairman of First Bank Holdings PLC has been approved by the Central Bank of Nigeria (CBN). Abdullahi's appointment follows the resignation of Remi Babalola as chairman of the company. Recall Babalola was appointed following the sack of Dr. Oba Otudeko as Chairman of FBN Holdings…
December 19, 2021
Nigeria’s inflation rate fell for the eighth consecutive month in November to 15.40 per cent from 15.99 per cent recorded a month earlier amid a continuing increase in food prices, the National Bureau of Statistics said Wednesday. The statistics office said the prices of goods and services, measured by the Consumer Price Index, increased by…
December 15, 2021
In a tit for tat move, the Nigerian government has announced decision to restrict airlines coming from Canada, United Kingdom, Saudi Arabia and Argentina into Nigeria starting from Tuesday, December 14. Nigeria's Minister of Aviation, Captain Hadi Sirika, stated this on Sunday in Lagos, explaining that it was to reciprocate restricted flights from Nigeria into…
December 13, 2021
Over 63 million telephone lines have been disconnected in about a year, data from the Nigerian Communications Commission has shown. The number of connected lines in the country as of October 2021 stood at 229,582,206. This represents a 23 per cent decline from the number of connected lines which stood at 300,042,650 in December 2020 before…
December 12, 2021
Equinix, a California-based internet provider has announced plans to acquire MainOne, the first private company to land a submarine cable company in West Africa with presence in Nigeria in a deal worth $320 million. The deal which is expected to be closed by first quarter of 2022 will contribute to the development of digital infrastructure in…
December 7, 2021
Scores of United Kingdom-bound travellers have been left stranded in Abuja and Lagos international airports as air carriers on Monday announced flight cancellation. It was gathered that the British Airways at the Murtala Muhammed International Airport, Lagos, announced flight cancellation in the early hours of Monday. Many travellers intending to travel to London Heathrow expressed their…
December 6, 2021
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The Nigerian Senate, on Wednesday has passed the 2022 budget appropriation bill. The red chamber during today's plenary passed N17.126 trillion as against N16.391 trillion which was presented by President Muhammadu Buhari in October 2021. The Senate while passing the bill also increased the benchmark price of crude from $57 to $62 per barrel. The…
December 22, 2021
Labour and civil society groups have called on the federal government to jettison privatization in the nation’s power and water sectors and instead, sustainably fund the sectors while building the capacity of the workers in the sector to improve service delivery. At a Trade Unions’ Press Briefing with the theme: Promoting Transparency and Decent Work…
December 22, 2021
The Ikoyi Club, an elite social organisation in Lagos has announced the suspension of Mr Modupe Alakija, the husband of billionaire and business mogul, Mrs. Folorunsho Alakija, for allegedly assaulting a fellow member. Mrs. Alakija, a woman of enormous wealth and power, had in 2019 emerged as the richest African woman, according to Forbes Black…
December 22, 2021
The appointment of Ahmad Abdullahi as a non-executive director and chairman of First Bank Holdings PLC has been approved by the Central Bank of Nigeria (CBN). Abdullahi's appointment follows the resignation of Remi Babalola as chairman of the company. Recall Babalola was appointed following the sack of Dr. Oba Otudeko as Chairman of FBN Holdings…
December 19, 2021
Nigeria’s inflation rate fell for the eighth consecutive month in November to 15.40 per cent from 15.99 per cent recorded a month earlier amid a continuing increase in food prices, the National Bureau of Statistics said Wednesday. The statistics office said the prices of goods and services, measured by the Consumer Price Index, increased by…
December 15, 2021
In a tit for tat move, the Nigerian government has announced decision to restrict airlines coming from Canada, United Kingdom, Saudi Arabia and Argentina into Nigeria starting from Tuesday, December 14. Nigeria's Minister of Aviation, Captain Hadi Sirika, stated this on Sunday in Lagos, explaining that it was to reciprocate restricted flights from Nigeria into…
December 13, 2021
Over 63 million telephone lines have been disconnected in about a year, data from the Nigerian Communications Commission has shown. The number of connected lines in the country as of October 2021 stood at 229,582,206. This represents a 23 per cent decline from the number of connected lines which stood at 300,042,650 in December 2020 before…
December 12, 2021
Equinix, a California-based internet provider has announced plans to acquire MainOne, the first private company to land a submarine cable company in West Africa with presence in Nigeria in a deal worth $320 million. The deal which is expected to be closed by first quarter of 2022 will contribute to the development of digital infrastructure in…
December 7, 2021
Scores of United Kingdom-bound travellers have been left stranded in Abuja and Lagos international airports as air carriers on Monday announced flight cancellation. It was gathered that the British Airways at the Murtala Muhammed International Airport, Lagos, announced flight cancellation in the early hours of Monday. Many travellers intending to travel to London Heathrow expressed their…
December 6, 2021
