Naira Redesign: CBN has some issues to consider before final printing – ICAN
The Institute of Chartered Accountants of Nigeria, ICAN, has reacted to the move by the Central Bank of Nigeria, CBN, to redesign the Naira. EGALITARIAN VOICE reports that the Apex accounting body listed issues such as the impact on inflation and exchange rates, the cost of designing and printing the new currency notes, and the […]
UK entices care workers from Nigeria with £20,480 Salary
Because of the growing effect of Covid-19 and workers shortage, the United Kingdom government is desperately searching from anywhere in the world ‘care assistants and nursing home staff’ with little or no professional training, to come in for a minimum £20,480 salary per year. The UK Department of Health and Social Care announced in a […]
Job: SMEs Is The Backbone of many Developed Countries – CISLAC
THE Civil Society Legislative Advocacy Center (CISLAC) has expressed that small and medium-sized enterprises (SMEs) are the backbone of many developed economies. Executive Director of CISLAC, Auwal Rafsanjani, at a stakeholders sensitization and consultation meeting on fiscal support opportunities for mutual economic growth of SMEs and private corporations, said that SMEs are important contributors to […]
Nigeria Refineries Remained Dormant as Petrol imports Gulp N17tn
The regime of Nigeria’s President, Major General Muhammadu Buhari (retd.), has spent over N16.9tn on the importation of not less than 132.24 billion litres of Premium Motor Spirit, popularly called petrol, despite the President’s campaign promises to halt PMS imports. Figures obtained from the National Bureau of Statistics and the Nigerian National Petroleum Company Limited […]
Fuel Scarcity Begins In Abuja as Pump Price hits N285
Many fuel stations within the Abuja metropolis of the Federal Capital Territory have adjusted pump prices to between N180 and N285 per litre. Our correspondent observed that queues had returned to many filling stations, especially within the central business district of the FCT. While queues were noticed at NNPC filling stations, other stations were shut […]
Naira to Dollar hits N885/$ despite EFCC’s raids on BDC hubs
THE naira has dropped to a new low of N885 per dollar at the parallel section of the foreign exchange (FX) market, popularly called the black market. The figure represents a depreciation of N70 or 8.6 percent from the N815 it traded last week. Speaking to TheCable on Monday, some Bureaux De Change (BDC) operators […]
Nigeria Wouldn’t have any Economy if PDP is still in Power- Lai Mohammed
Lai Mohammed, minister of information and culture, says Nigeria’s economy would be in shambles if the Peoples Democratic Power (PDP) were in power. Mohammed spoke on Monday, at the second edition of the PMB Administration Scorecard 2015-2023 in Abuja. The minister condemned the PDP for engaging in “a deliberate campaign of calumny and falsehood” on […]
Just like Twitter, Facebook is planning to layoff ‘thousands of workers’
FACEBOOK is planning a major job cut that could affect “thousands” of workers, The Wall Street Journal (WSJ) is reporting. The WSJ said the layoffs could begin as soon as Wednesday. On Friday, its counterpart, Twitter laid off about 3,700 people — half of its global workforce. The Facebook and Instagram parent company had reported […]
JAPA: The Rate at which Nigerians Are Leaving Nigeria is Worrisome – NIS Boss
THE Nigerian Immigration Service (NIS) has described as worrisome the alarming rate at which Nigerians are leaving the country in search of greener pastures abroad. Speaking at a sensitization campaign on the scourge of Smuggling of Migrants (SOM) for stakeholders in Enugu State on Thursday, November 3, The NIS boss in Enugu state Joachim Olumba […]
Kwara Generates N3.9bn Internal Revenue in Three Years
THE Management of Kwara State Internal Revenue Service, KWIRS, says it generated a whopping sum of N3.9billions as Internal Generated Revenue (IGR) between 2019 to 2021. Also,the State-owned revenue collection agency debunked allegations against its Chief Executive, Mrs Shade Omoniyi. This was contained in a statement signed by the Head of Corporate Affairs of the […]