Category: Business
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.
Professional freelancer and webmaster.
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.
Professional freelancer and webmaster.
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.
Professional freelancer and webmaster.
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.
Professional freelancer and webmaster.
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.
Professional freelancer and webmaster.
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.
Professional freelancer and webmaster.
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.
Professional freelancer and webmaster.
Join the WFF Youth Policy Board 2024-2026 Apply Now!
Join the WFF Youth Policy Board 2024-2026 Apply Now!
Deadline: January 30, 2024
Professional freelancer and webmaster.
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.
Professional freelancer and webmaster.
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.
Professional freelancer and webmaster.
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.
Professional freelancer and webmaster.
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.
Professional freelancer and webmaster.
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.
Professional freelancer and webmaster.
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.
Professional freelancer and webmaster.
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.
Professional freelancer and webmaster.
Nigeria Emerging Best Investment Hub for Agribusiness – Says VP Shettima During Norman Borlaug International Dialogue
Nigeria Best Investment Hub for Agribusiness.
The Vice President, Senator Kashim Shettima, has wooed foreign investors to invest in Nigeria’s agricultural sector, assuring them that the country is ready for agribusiness, During Norman Borlaug International Dialogue.
Professional freelancer and webmaster.
Top 11 Most Profitable Companies in Nigeria in the First Half of 2023
Top 11 Most Profitable Companies in Nigeria in the First Half of 2023
The Nigerian economy has faced its fair share of challenges in recent years, with inflation and a devalued currency causing hardships for businesses and citizens alike.
Professional freelancer and webmaster.
Bolt’s Innovative Accelerator Program Set To Empower Drivers With €25,000 Seed Capital – Application Opens
Bolt’s Innovative Accelerator Program: €25,000 Seed Capital for Empowering Drivers
Bolt, Africa’s leading ride-hailing operator, is embarking on an exciting journey to empower its drivers through an innovative Accelerator program. In partnership with the Nest Innovation Park (known as ‘the Nest’), Bolt is launching this program to support entrepreneurial aspirations among Nigerian drivers.
Professional freelancer and webmaster.
Naira Keeps Depreciating Against USD, Nearing ₦1,000 Per Dollar in Exchange Rate
Naira Keeps Depreciating Against USD, Nearing ₦1,000 Per Dollar in Exchange Rate.
The Nigerian Naira, ever since it began floating in the parallel market, has been on a downward spiral, and its exchange rate against the US Dollar is rapidly approaching the alarming ₦1,000 mark. This worrisome trend has raised significant concerns about the country’s economic stability and the well-being of its citizens.
Professional freelancer and webmaster.
NITDA Opens Applications for Free AI Training with $500 Million Boost for One Million Jobs; Age Limit and Google Partnership Announced
NITDA Opens Applications for Free AI Training with $500 Million Boost for One Million Jobs; Age Limit and Google Partnership Announced.
The National Information Development Agency (NITDA) has taken a great step towards advancing Nigeria’s digital landscape by launching a comprehensive Artificial Intelligence (AI) training program.
Professional freelancer and webmaster.
Wike Vows To Complet Abandoned 170-meter-tall Millennium Towers in Abuja With 1200 Capacity Auditorium, 5 Star Hotel, and Sports/Event Centre
Minister of the Federal Capital Territory, Nyesom Wike said on Monday that the ministry will deliver the Millennium Tower Abuja project in the next two years.
Wike stated this in Abuja after a closed-door meeting with contractors handling different projects in the FCT.
Professional freelancer and webmaster.
