Ad
Nigeria’s headline inflation has slowed down to 17.75 per cent year-on-year in June. It was the third consecutive month the inflation would decelerate. In May, the inflation rate was 17.95 per cent, which was 0.18 percentage points higher than the most recent figure contained in the consumer price index (CPI) released by the National Bureau…
July 16, 2021
Insists On 5% To Oil Host Communities The House of Representatives on Thursday has stepped down the adoption of the conference report on the age-long Petroleum Industry Bill (PIB), for the third reading and final passage. This followed a disagreement with the Senate on the conference report by both chambers. The New Diplomat earlier reported that…
July 15, 2021
The Senate, on Thursday has passed the conference report of the National Assembly on the Petroleum Industry Bill (PIB). The Conference Committee of the Senate and the House of Representatives on the PIB, in its report adopted the 3 per cent for oil producing communities as trust fund, which was passed by the red chamber…
July 15, 2021
Asks Body To Protect Domestic Fishermen The FishNet Alliance, an Africa-wide network of fishers has raised alarmed over overfishing, illegal, unreported and unregulated fishing allegedly perpetrated by some developed countries, calling on the World Trade Organisation (WTO) headed by Dr. (Mrs.) Ngozi Okonjo-Iweala to wade in. The alliance which engages in the promotion of sustainable…
July 15, 2021
The Federal Executive Council (FEC) has approved N8.6 billion for the construction of vaccine laboratory, text kits for HIV/AIDS and procurement of medical equipment. The Minister of Health, Dr Osagie Ehanire, announced this when he briefed State House correspondents on the outcome of the Council meeting chaired by President Muhammadu Buhari in Abuja on Wednesday.…
July 14, 2021
In a determined move to attract further global businesses including investment and trade to Nigeria positively, Nigeria's Ambassador to Thailand, His Excellency, Ambassador Oma Djebah recently hosted the President of Amazie World Business Group, Dr Parameewath Wistananant and the company's multinational Director, Arrington Simichai, at the Embassy of Nigeria, Bangkok. The high-level meeting focused on…
July 14, 2021
Mrs. Yemisi Edun has been confirmed as the substantive Managing Director/Chief Executive Officer of First City Monument Bank (FCMB), becoming the first female boss at the new generation bank. With the appointment, the bank's Board of Directors has finally eased out its former MD, Mr Adam Nuru, who was suspended in January over corporate governance…
July 13, 2021
A report by the Nigerian Investments Promotion Commission (NIPC) has revealed that the foreign investors' interest in Nigeria declined by 27.5% in the first quarter of 2021. According to the report, Nigeria received about $8.4bn investment announcement as of 4th March 2021. $5.46bn out of the total $8.4bn was pledged by foreign investors, while the…
July 12, 2021
The Federal Inland Revenue Service (FIRS) on behalf of the Nigerian Government has ordered some commercial banks in the country to freeze bank accounts belonging to Messrs Multi-Choice Africa (MCA), the parent Company of Multi-Choice Nigeria (MCN) over an alleged tax fraud up to the tune of N1.8 trillion. FIRS revealed that MCA owners of…
July 8, 2021
Advert
Ad
Nigeria’s headline inflation has slowed down to 17.75 per cent year-on-year in June. It was the third consecutive month the inflation would decelerate. In May, the inflation rate was 17.95 per cent, which was 0.18 percentage points higher than the most recent figure contained in the consumer price index (CPI) released by the National Bureau…
July 16, 2021
Insists On 5% To Oil Host Communities The House of Representatives on Thursday has stepped down the adoption of the conference report on the age-long Petroleum Industry Bill (PIB), for the third reading and final passage. This followed a disagreement with the Senate on the conference report by both chambers. The New Diplomat earlier reported that…
July 15, 2021
The Senate, on Thursday has passed the conference report of the National Assembly on the Petroleum Industry Bill (PIB). The Conference Committee of the Senate and the House of Representatives on the PIB, in its report adopted the 3 per cent for oil producing communities as trust fund, which was passed by the red chamber…
July 15, 2021
Asks Body To Protect Domestic Fishermen The FishNet Alliance, an Africa-wide network of fishers has raised alarmed over overfishing, illegal, unreported and unregulated fishing allegedly perpetrated by some developed countries, calling on the World Trade Organisation (WTO) headed by Dr. (Mrs.) Ngozi Okonjo-Iweala to wade in. The alliance which engages in the promotion of sustainable…
July 15, 2021
The Federal Executive Council (FEC) has approved N8.6 billion for the construction of vaccine laboratory, text kits for HIV/AIDS and procurement of medical equipment. The Minister of Health, Dr Osagie Ehanire, announced this when he briefed State House correspondents on the outcome of the Council meeting chaired by President Muhammadu Buhari in Abuja on Wednesday.…
July 14, 2021
In a determined move to attract further global businesses including investment and trade to Nigeria positively, Nigeria's Ambassador to Thailand, His Excellency, Ambassador Oma Djebah recently hosted the President of Amazie World Business Group, Dr Parameewath Wistananant and the company's multinational Director, Arrington Simichai, at the Embassy of Nigeria, Bangkok. The high-level meeting focused on…
July 14, 2021
Mrs. Yemisi Edun has been confirmed as the substantive Managing Director/Chief Executive Officer of First City Monument Bank (FCMB), becoming the first female boss at the new generation bank. With the appointment, the bank's Board of Directors has finally eased out its former MD, Mr Adam Nuru, who was suspended in January over corporate governance…
July 13, 2021
A report by the Nigerian Investments Promotion Commission (NIPC) has revealed that the foreign investors' interest in Nigeria declined by 27.5% in the first quarter of 2021. According to the report, Nigeria received about $8.4bn investment announcement as of 4th March 2021. $5.46bn out of the total $8.4bn was pledged by foreign investors, while the…
July 12, 2021
The Federal Inland Revenue Service (FIRS) on behalf of the Nigerian Government has ordered some commercial banks in the country to freeze bank accounts belonging to Messrs Multi-Choice Africa (MCA), the parent Company of Multi-Choice Nigeria (MCN) over an alleged tax fraud up to the tune of N1.8 trillion. FIRS revealed that MCA owners of…
July 8, 2021
