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Acting President, Yemi Oinbajo is expected to sign the 2017 budget into law on Monday. This announcement was made by the Special Adviser to the Senate President, Bukola Saraki on New Media, Bamikole Omisore, on his social media handle @MrBanksOmisore. According to Omisore, Saraki, the Speaker of the House of Representatives, Yakubu Dogara would join…
June 12, 2017
To reduce the strangulating high interest rates charged on loans by financial institutions in the country, the Senate Committee on Banking, Insurance and Other Financial Institutions has summoned the Central Bank of Nigeria, Nigeria Deposit Insurance Corporation and Deposit Money Banks to a meeting on Tuesday. The New Diplomat learnt the Senate panel has also…
June 12, 2017
South Africa slipped into technical recession for the first time since 2009 after the economy contracted in the first quarter, led by weak manufacturing and trade sectors, Statistics South Africa said on Tuesday. Africa’s most developed economy contracted by 0.7 percent in the first quarter after shrinking by 0.3 percent in the fourth quarter of…
June 7, 2017
Expert: Report Shows the Dawdling Response of Current Administration to Economic Matters By 'Dotun Akintomide Amidst the vagaries of an ailing economy, Nigeria added 3.5 million people to the unemployment pool between the second quarter of 2015 and the fourth quarter of 2016. The New Diplomat gathered from the National Bureau of Statistics (NBS) Underemployment/Unemployment report released for…
June 7, 2017
To fast-track the process of industrialization in Nigeria, Acting President Yemi Osinbajo on Tuesday inaugurated the board of the Nigerian Industrial Policy and Competitiveness Advisory Council. The 36-member Council, to be chaired by Acting President Osinbajo comprises representatives of the public and private sectors as well as a seven-member Technical Committee. The Council, which is…
May 31, 2017
The airline was hit by a worldwide computer system power failure on Saturday, causing cancellations and delays for thousands of passengers. Â All long-haul services left from Heathrow, but with delays, BA said. The airline has urged people to check the status of flights before travelling to the airport. The airline apologised to customers for the…
May 28, 2017
Following the destruction of several oil and gas infrastructures by militants leading to unrest and economy sabotage, Nigeria’s daily oil output still hovers around 1.5 million barrels, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has revealed. The New Diplomat gathered this in an interview Kachikwu had with Bloomberg as he reacted to…
May 26, 2017
Says govt did not pay militants money to ceasefire The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Monday said he would ‘walk’ (away) from his appointment as a minister of the federal government if in 2019 Nigeria does not quit importation of petrol. Kachikwu, who spoke in a BBC talk programme, ‘Hardtalk’…
May 23, 2017
Top banks in Nigeria have reported a rise in income from fees they charge customers for use of their various electronic banking services, including transaction alerts, Automatic Teller Machine (ATM) services and money transfers among others. The top 10 banks earned N138 billion as at end of 2016. Total industry figure is expected to be over N160…
May 22, 2017
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Acting President, Yemi Oinbajo is expected to sign the 2017 budget into law on Monday. This announcement was made by the Special Adviser to the Senate President, Bukola Saraki on New Media, Bamikole Omisore, on his social media handle @MrBanksOmisore. According to Omisore, Saraki, the Speaker of the House of Representatives, Yakubu Dogara would join…
June 12, 2017
To reduce the strangulating high interest rates charged on loans by financial institutions in the country, the Senate Committee on Banking, Insurance and Other Financial Institutions has summoned the Central Bank of Nigeria, Nigeria Deposit Insurance Corporation and Deposit Money Banks to a meeting on Tuesday. The New Diplomat learnt the Senate panel has also…
June 12, 2017
South Africa slipped into technical recession for the first time since 2009 after the economy contracted in the first quarter, led by weak manufacturing and trade sectors, Statistics South Africa said on Tuesday. Africa’s most developed economy contracted by 0.7 percent in the first quarter after shrinking by 0.3 percent in the fourth quarter of…
June 7, 2017
Expert: Report Shows the Dawdling Response of Current Administration to Economic Matters By 'Dotun Akintomide Amidst the vagaries of an ailing economy, Nigeria added 3.5 million people to the unemployment pool between the second quarter of 2015 and the fourth quarter of 2016. The New Diplomat gathered from the National Bureau of Statistics (NBS) Underemployment/Unemployment report released for…
June 7, 2017
To fast-track the process of industrialization in Nigeria, Acting President Yemi Osinbajo on Tuesday inaugurated the board of the Nigerian Industrial Policy and Competitiveness Advisory Council. The 36-member Council, to be chaired by Acting President Osinbajo comprises representatives of the public and private sectors as well as a seven-member Technical Committee. The Council, which is…
May 31, 2017
The airline was hit by a worldwide computer system power failure on Saturday, causing cancellations and delays for thousands of passengers. Â All long-haul services left from Heathrow, but with delays, BA said. The airline has urged people to check the status of flights before travelling to the airport. The airline apologised to customers for the…
May 28, 2017
Following the destruction of several oil and gas infrastructures by militants leading to unrest and economy sabotage, Nigeria’s daily oil output still hovers around 1.5 million barrels, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has revealed. The New Diplomat gathered this in an interview Kachikwu had with Bloomberg as he reacted to…
May 26, 2017
Says govt did not pay militants money to ceasefire The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Monday said he would ‘walk’ (away) from his appointment as a minister of the federal government if in 2019 Nigeria does not quit importation of petrol. Kachikwu, who spoke in a BBC talk programme, ‘Hardtalk’…
May 23, 2017
Top banks in Nigeria have reported a rise in income from fees they charge customers for use of their various electronic banking services, including transaction alerts, Automatic Teller Machine (ATM) services and money transfers among others. The top 10 banks earned N138 billion as at end of 2016. Total industry figure is expected to be over N160…
May 22, 2017
