FG Government committed to naira-based crude oil sales
The Federal government says it is committed to ensuring a successful implementation of the Naira-based sales of crude oil and refined products policy in the country. Minister of Finance and the Coordinating Minister of the Economy, Wale Edun alongside the Group Chairman of Dangote Petrochemicals, Aliko Dangote, who disclosed this after the review meeting of […]
Nigeria’s Economy Shows Signs of Progress, Finance Minister
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has stated that Nigeria’s economic reforms are showing progress, with inflation down from its peak, a reduced budget deficit, and lower debt servicing costs. Addressing reporters at the end of the IMF/World Bank Annual Meetings in Washington DC, US, Edun explained that […]
Nigeria Pushes for Solutions to Climate Change
The Federal Government has called for urgent and aggressive measures to combat the catastrophic impact of climate change in the country. Minister of Environment, Alhaji Balarabe Lawal, who made the call at the just concluded Commonwealth Heads of Government Summit (CHOGM) held in Apia, the capital of the Independent State of Samoa, emphasised that the impact of climate change was a global crisis that demanded immediate action.. The minister, who led the Nigerian delegation to the meeting, after technical flight issues prevented Vice-President Kashim Shettima from attending, spoke during the summit held between Oct. 21 and 26, and restated the Nigerian government’s support for the preservation of democracy, protection of civil rights across the Commonwealth. READ ANOTHER STORY HERE: https://classic94.fm/kwankwaso-calls-for-urgent-action-on-power-outages-in-northern-nigeria/
Kwankwaso Calls for Urgent Action on Power Outages in Northern Nigeria
Rabiu Kwankwaso, former governor of Kano and national leader of the New Nigeria Peoples Party (NNPP), expressed deep concern over widespread power outages in northern Nigeria caused by vandalism of transmission lines. In a statement made on Monday via X, he emphasized that many regions remain in total darkness due to the disruption of the 330 kilovolt […]
CBN working to take Nigeria off the anti-money laundering watchlist
By Raliat Adenekan As part of efforts to restore investors’ confidence and ease Foreign Exchange crisis in Nigeria, the Central Bank on Nigeria Governor, Olayemi Cardoso has said that the Apex bank is targeting Diaspora remittance inflows of $1 billion monthly. CBN Governor, Cardoso who stated this at a joint press briefing with the Minister […]
IMF says No Funding Request from Nigeria
The International Monetary Fund (IMF ’s regional economic outlook for Sub-Saharan Africa, released today (Friday), predicts that diversified economies like Senegal and Tanzania will experience growth above the regional average at 3.6percent, while Nigeria is expected to lag, with a growth rate of only 2.9% in 2024. Speaking at the African Department press briefing at the Worldbank/IMF […]
Experts Calls for Urgent Economic Reforms and Accountability Measures in Nigeria
The Executive Director of the Civil Society Legislative Advocacy Centre (CISLAC) and Chairman of Amnesty International, Nigeria, Auwal Musa Rafsanjani, has urged the Nigerian government to adopt stringent economic reforms to stabilize the country’s economy. Speaking on the sidelines of the World Bank Annual Meetings in Washington, Rafsanjani pointed out some systemic issues he believes […]
Canada cuts immigration Targets by 21%
Canada is slashing the number of immigrants it allows into the country from 500,000 over the next three years. Prime Minister Trudeau said his government “didn’t get the balance quite right” when it bolstered immigration post-pandemic to address labour shortages. Despite already announcing reduced targets for both international students and temporary foreign workers, Minister of Immigration, Marc Miller, yesterday announced that the permanent resident figures will be reduced to 395,000 in 2025; 380,000 in 2026 and 365,000 in 2027. According to Miller, the plan is to help pause population growth in the short term to achieve well-managed, sustainable growth in the long term.
No Deadline For The Circulation of Old Naira Note
The Central Bank of Nigeria (CBN) has clarified that there is no deadline for the circulation of old Naira notes. Its Acting Director of Corporate Communications, Hakama Sidi Ali, in a statement yesterday, dispelled rumors that the N200, N500, and N1,000 banknotes will cease to be legal tender by December 31, 2024, stressing that these claims are false and intended to cause confusion within the country’s payment system Mrs. Ali who reiterated that the CBN has instructed all branches to continue issuing and accepting both the old and redesigned denominations of the Naira, emphasized that all Naira banknotes will remain legal tender indefinitely, while encouraging Nigerians to embrace digital payment methods to reduce dependency on cash.
World Bank Aim To Implement Gender Strategy 2030
As the world grapples with the realities of gender inequality, the World Bank Group today (Thursday 24th October 2024), announced a set of actions and concrete goals that aim to boost economic opportunities for more women, toward implementing Gender Strategy 2030 President of the World Bank Group, Anjay Banga speaking at a flagship event on […]
