Nigeria Economy

Senate

Senate Screening Committee lauds Danbatta’s 5-year Scorecard set to confirmation his second term

The Executive Vice Chairman (EVC) and Chief Executive Officer (CEO) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, is set to be confirmed by the Senate for his reappointment by the President for another five-year term in office as the country’s chief telecoms regulator. This followed the acknowledgement of his outstanding performance in […]

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Eco

Ecobank Group Wins Euromoney Award

Pan African financial institution, Ecobank said it recently won the prize of Africa’s Best Bank for Corporate Responsibility in the Euromoney Awards for Excellence 2020. Euromoney recognises Ecobank’s focus on sustainability and partnerships and its core capabilities in delivering positive social and environmental outcomes across Africa. Chief Operating Officer of the Ecobank Foundation, Carl Manlan, […]

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Nbs

Nigeria’s inflation rate hits 12.56%

The National Bureau of Statistics (NBS) says Consumer Price Index, (CPI) which measures inflation, increased to 12.56 per cent year-on-year in June, 2020. The NBS made this known in its CPI and Inflation Report for June released on Friday. It stated that the report showed that June inflation was 0.16 per cent points higher than […]

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FAAC: FG, states, LGs share N651.18bn

The Federation Accounts Allocation Committee (FAAC) has shared N651.18 billion Federation Account Revenue to the federal, states and local governments councils and relevant agencies for the month of June. Mr Henshaw Ogubike, Director Information, Press and Public Relations of FAAC announced the figures in a statement on Sunday in Abuja. Ogubike said the monthly meeting, […]

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Danbatta promises to accelerate further growth of telecommunications industry in Nigeria

The Executive Vice-Chairman, and Chief Executive Officer, Nigerian Communications Commission (NCC),Prof. Umar Garba Danbatta, says he is committed to further accelerate the growth of telecommunications industry in Nigeria. Dr Ikechukwu Adinde, Director, Public Affairs of NCC, said in a statement on Sunday in Lagos, that Danbatta’s assertion was in view of the agency’s role as […]

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Bashir Jamoh

Boat mishaps: NIMASA to take tough actions against untrained, uncertified boat skippers

As part of measures to forestall boat mishaps in the country’s inland waterways, as recently witnessed, Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has said the Agency would get tough with untrained and uncertified boat skippers, who often ignore safety procedures and endanger the lives of passengers. Jamoh stated […]

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Okonjo

WTO: Okonjo-Iweala Promises backing for poor Countries

Dr. Ngozi Okonjo-Iweala, who is Nigeria’s candidate for the position of Director General of the World Trade Organisation (WTO), has assured least developed countries (LDCs) and Small Vulnerable Economies (SVEs) that are members of the global trade body of her support if given the job. She said she would provide opportunities for them to participate […]

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Who

WHO Chief Scientist sees possibility of coronavirus vaccine in mid-2021

Widespread coronavirus vaccination could begin in the middle of next year, the chief scientist of the World Health Organisation (WHO), Soumya  Swaminathan, has said. She expressed cautious optimism about the state of the research and development process in an interview with dpa. “We have now over 20 candidates in clinical studies. “So, we are hopeful […]

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Who

WHO Chief Scientist eyes mid-2021 as possible date for unveiling Coronavirus vaccine

WHO Chief Scientist eyes mid-2021 as possible date for unveiling Coronavirus vaccine

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UTME: Institutions to commence admissions August 21

The Joint Admissions and Matriculation Board (JAMB) has directed all tertiary institutions to commence the conduct of the first and second choice admissions from August 21. The board gave the directive in the 2020 admission guidelines released in Abuja by the board spokesperson, Dr Benjamin Fabian. Fabian, in the guidelines, warned institutions against duplication of […]

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UTME: Institutions to commence fadmissions August 21

The Joint Admissions and Matriculation Board (JAMB) has directed all tertiary institutions to commence the conduct of the first and second choice admissions from August 21. The board gave the directive in the 2020 admission guidelines released in Abuja by the board spokesperson, Dr Benjamin Fabian. Fabian, in the guidelines, warned institutions against duplication of […]

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Cbn

CBN seeks Exclusive powers on issuance and revocation of banks’ licenses

The Central Bank of Nigeria (CBN) is seeking legislative powers through the Senate Committee on Banking, Insurance and other Financial Institutions to grant it exclusive rights to issue and revoke banking licenses. The apex bank Governor, Godwin Emefiele said that licensing of banks and revocation of the same when a bank goes distressed will bring […]

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