Category: Business
Nigeria Youth Investment Fund (NYIF) Receives N110bn from Federal Government
Nigeria Youth Investment Fund (NYIF).
The Federal Government of Nigeria has dedicated N110 billion to the Nigeria Youth Investment Fund (NYIF), marking a significant effort to support youth entrepreneurship and innovation.
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Federal Government Approves Salary Increase for Civil Servants
Federal Government Approves Salary Increase for Civil Servants.
The Federal Government of Nigeria has approved workers’ salary increase across various sectors in the country. This decision, which comes into effect on January 1, 2024, involves a range of salary structures to bolster public service employees’ financial well-being.
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REMITA Was Selected Based on Merit – CBN
REMITA Was Selected Based on Merit – CBN.
The Director of Banking Services, Central Bank of Nigeria (CBN), Hamisu Abdullahi, highlighted the merit-based selection of Remita to provide an electronic platform essential for facilitating payments from Ministries, Departments, and Agencies (MDAs) to beneficiary accounts across commercial banks.
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Binance Tax Evasion Case Intensifies as Executive Nadeem Anjarwalla Escapes Detention
Binance Tax Evasion Case Intensifies as Executive Nadeem Anjarwalla Escapes Detention.
Nadeem Anjarwalla, one of the Binance executives detained in Nigeria on charges of tax evasion and other offenses, has reportedly escaped lawful custody, according to sources familiar with the situation according to PREMIUM TIMES.
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Niger Republic Reopens Border with Nigeria After Recent Closures
Niger Republic Reopens Border with Nigeria After Recent Closures.
The Niger Republic has taken a great step by reopening its borders with Nigeria in specific regions such as Diffa, Tahoua, Maradi, and Dosso. This move comes after a period of closure following the coup d’état on July 26 and subsequent ECOWAS sanctions.
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Meet the Alleged Black Son of Elon Musk from Kenya Who Looks Exactly Like Him
Son of Elon Musk from Kenya.
A man from Kenya has stirred up social media by claiming to be the son of billionaire entrepreneur Elon Musk, founder of SpaceX and Tesla.
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The Recent CBN Monetary Policy Will Further Worsen the Economy – Peter Obi
The Recent CBN Monetary Policy Will Further Worsen the Economy – Peter Obi.
I am of the strong opinion that the recent decision of the Monetary Policy Committee to increase the Monetary Policy Rate, MPR, to 22.5% and the Cash Reserve Ratio, CRR, to 45% will further worsen the economic situation of most Nigerian households as it is bound to cause more job losses in the productive sector, especially manufacturing and other sectors that rely on bank loans and credit facilities for their funding needs.
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Forex Crisis: Nigeria Now Pays N907.5b Monthly on Petrol Subsidy
Forex Crisis: Nigeria Now Pays N907.5b Monthly on Petrol Subsidy.
The forex crisis in Nigeria has reached alarming levels, with the country now paying a staggering N907.5 billion in petrol subsidy every month. This comes as the depreciation of the naira has pushed the actual cost of a litre of fuel to N1,202.7. Despite government denials, it is clear that the subsidy burden is taking a toll on the economy.
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Wigwe’s Death: US Identifies Possible Cause of Helicopter Crash
Wigwe’s Death: US Identifies Possible Cause of Helicopter Crash.
US authorities have identified possible reasons behind the helicopter crash that tragically claimed the lives of Herbert Wigwe, CEO of Access Bank PLC, his wife and son, and Abimbola Ogunbanjo, former Chairman of the Nigerian Exchange Group Plc.
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Access Bank Issues Statement Over the Death of CEO – Herbert Wigwe
Access Bank Issues Statement Over the Death of CEO – Herbert Wigwe.
The future of Access Bank hangs in a delicate balance amidst reports of its CEO, Herbert Wigwe, death in a helicopter crash in the United States.
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How this Viral TikTok Tip Could Earn You N13k Daily
How this Viral TikTok Tip Could Earn You N13k Daily
Move over, cubicles, and commutes! A recent TikTok video by @makemoneyonlineinnigeria has opened a portal to a world where thoughtful insights translate into cash, and all it takes is your couch and a knack for engaging comments. Yes, you read that right – we’re talking about becoming a professional “blog commenter,” and the potential earnings, according to the video, could leave you speechless: N13k (US$15) a day, right from your PJs.
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Employees Remuneration Protection Bill Will Send Some Boss to Jail Who Refuse to Pay Salaries on Time When Passed to Law – Details
Employees Remuneration Protection Bill Will Send Some Boss to Jail Who Refuse to Pay Salaries on Time When Passed to Law – Details
The days of employers getting away with delayed or unpaid salaries in Nigeria may be numbered. The House of Representatives has proposed a bold new bill, the “Employees Remuneration Protection Bill, 2023,” that aims to criminalize such practices and protect workers’ hard-earned income.
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Federal Fire Service opens recruitment portal 2023/2024
Federal Fire Service opens recruitment portal 2023/2024.
The Federal Fire Service (FFS) has opened its portal for suitably qualified candidates to be recruited to fill existing vacancies in different positions.
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Join the WFF Youth Policy Board 2024-2026 Apply Now!
Join the WFF Youth Policy Board 2024-2026 Apply Now!
Deadline: January 30, 2024
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Fast-Track Your Career to Key Roles at MTN: Apply Now for MTN Graduate Development Programme!
Apply Now for MTN Graduate Development Programme.
MTN Nigeria is on the hunt for talented Nigerian graduates to join its prestigious Graduate Development Programme! This isn’t just another entry-level opportunity; it’s a fast-track to critical roles within the organization, propelling you to shape the future of connectivity across Africa and the Middle East.
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FG Releases Application Portal for Grants, Loans for Petty Businesses and Others
FG Releases Application Portal for Grants, Loans for Petty Businesses and Others.
The federal government of Nigeria has officially launched an application portal for its N150 billion presidential grant program to support nano businesses. This initiative is part of the wider presidential palliative program designed to financially assist businesses nationwide.
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Benue State – Governor Rev. Fr. Hyacinth Iormem Delivers 100 Buses For Transport In Benue State
Benue State, Governor Rev. Fr. Hyacinth Iormem Delivers 100 Buses For Transport In Benue State.
In a move to alleviate the ongoing hardship experienced by the people of Benue State, Governor Rev. Fr. Hyacinth Iormem Alia PhD has fulfilled one of his promises by acquiring 100 buses for the state.
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Access, Zenith, UBA, and Others Must Boost Capital Base Under New CBN Rule
Access, Zenith, UBA, and Others Must Boost Capital Base Under New CBN Rule.
The Central Bank of Nigeria (CBN) is set to spearhead a surge in the capital base of Nigerian banks, aiming to boost it from the current N25 billion threshold.
Governor Olayemi Michael Cardoso announced this move, citing the necessity to align the nation with its ambitious target of achieving a $1 trillion Gross Domestic Product (GDP). This declaration came during the 58th Annual Bankers Dinner hosted by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos.
Cardoso emphasized the insufficiency of the current bank capitalization in supporting the GDP expansion initiatives under President Tinubu’s administration. Notably, the last recapitalization in 2004 had escalated banks’ capital base from N2 billion to the existing N25 billion mark. However, analysts have pointed out that this amount no longer meets the demands of present economic realities.
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Just in 5,000 federal civil servants may not get Nov, Dec salaries
Just in 5,000 federal civil servants may not get Nov, Dec salaries.
Anxiety grips federal civil servants as the fate of salaries for approximately 5,000 of them hangs in the balance. The affected individuals may not receive their November and December salaries due to discrepancies in their employment records.
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Nigeria-Germany Partnership Expands As President Tinubu Witness Signing of $500M Renewal Energy Pact And Gas Export Agreement
Nigeria-Germany Partnership Expands As President Tinubu Witness Signing of $500M Renewal Energy Pact And Gas Export Agreement.
The burgeoning economic partnership between the Federal Republic of Nigeria and the Federal Republic of Germany witnessed further expansion and strengthening as two important agreements were signed between Nigerian and German businesses on Tuesday.
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Application Opens for Admission to One-year Free Training Program in Modern and Sustainable Agriculture 2024 Session
Free Training Program in Modern and Sustainable Agriculture 2024 Session.
The Leventis Foundation (Nigeria) is a charitable company dedicated to the training of youth and farmers in modern and sustainable agricultural practices and rational use of natural resources.
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