The Minister of Information and National Orientation, Mohammed Idris, has said the vision of President Tinubu is to create an enabling environment where businesses can thrive through streamlining regulations, investment incentives, provision of infrastructure, and robust policies aimed at fostering economic stability and prosperity. The Minister stated this in Kano on Friday at a town hall meeting with the Business Community at the Bristol Hotel. “As part of the Ease of Doing Business, the Corporate Affairs Commission (CAC) has been mandated to operate a 24-hour online registration timeline for new businesses. “To ensure that Nigeria retains more foreign exchange from…
Author: Emmanuel Olawale Akanji
I didn’t even see this coming. The day a politician doing iftar with his followers will become a talkshow on radio and former senate president Senator Bukola Saraki will become a gateman in Kwara. But “the come has come to become,” apologies to late 1st republic minister and nationalist Kingsley Ozumba Mbadiwe, and it is a comedy of comedies. Over the course of the week, some members of the Peoples Democratic Party (PDP) took over the media with salacious tales of how Senator Saraki wined and dined with them. They said he ate with them on the same chair, shook…
The Rivers State House of Assembly made a big decision on Friday during a sudden meeting. This is the second time this year they’ve gone against the governor to pass a law. Back in January, they did the same thing and passed four bills into law despite the governor’s objections. This latest clash happened after the Speaker, Martin Amaewhule, read four letters from the governor. In those letters, the governor said he didn’t agree to the new bills. But the House didn’t back down. They used a rule called Section 100, Subsection 5, which says they don’t need the governor’s…
The National Chairman of the Labour Party, Comrade Julious Abure, has leveled allegations against the Joe Ajaero-led Nigeria Labour Congress (NLC) and their followers who stormed the party’s national secretariat during Wednesday’s attack, accusing them of misappropriating funds intended for staff salaries and other valuables. Breaking his silence since the picketing of the party’s secretariat, Abure condemned the actions of the labour leaders as disgraceful and unruly. In a statement issued yesterday in Abuja, signed on his behalf by the party’s National Publicity Secretary, Obiora Ifoh, Abure asserted, “What we witnessed was a shameful display, an act of lawlessness, an…
STATE HOUSE PRESS RELEASE President Bola Tinubu has approved the appointment of Mr. Olugbile Holloway as the Director-General of the National Commission for Museums and Monuments. Mr. Holloway is the Managing Director of Evoke Communications Limited, a creative brand/consultancy agency. He holds a Bachelor of Arts in Politics and International Relations and a Master’s degree in Business Administration. The President expects that the new Director-General will bring life into this important agency and ensure the preservation, promotion, and development of Nigeria’s diverse tangible and intangible cultural heritage. Chief Ajuri Ngelale Special Adviser to the President (Media & Publicity)
The House of Representatives recently passed a pivotal bill, ushered in by President Bola Tinubu, signaling a significant milestone in the ongoing efforts to enhance the compensation packages for judicial officers across Nigeria. This legislation, aimed at revising salaries, allowances, and fringe benefits, particularly targets the judiciary’s workforce and seeks to bolster their financial well-being. The decision comes after careful consideration and reflects a broader commitment to fortify the judiciary’s integrity and efficacy. Under the provisions outlined in the bill, judges stand to receive substantial increases in their compensation. Notably, the Chief Justice of Nigeria is slated to enjoy a…
Governor Yemi Cardoso’s tenure at the Central Bank of Nigeria (CBN) has been marked by a steadfast commitment to economic reform, particularly in the realm of foreign exchange (FX) management. His administration’s successful resolution of the $7 billion FX backlog is a testament to this dedication, resulting in a significant boost to Nigeria’s external reserves, which reached $34.11 billion by March 7, 2024. The clearing of the FX backlog, a move confirmed by Mrs. Hakama Sidi Ali, the Acting Director of Corporate Communications at CBN, has infused a sense of optimism into the market. This optimism is not unfounded; it…
The Federal Government has designated 20 states to initiate its Open Schooling Programme (OSP). This decision was revealed during a two-day preparatory session involving stakeholders, including SUBEB Chairmen, organized by UBEC in Abuja. The meeting, attended by the acting Executive Chairman of Yobe State SUBEB, Alhaji Isa Shettima Buni, aimed to familiarize participants with their roles and responsibilities in the programme. The Open Schooling Programme, an initiative of the federal government, aims to boost enrolment, retention, and completion of basic education through a flexible education system. This system allows learners to study in a conducive local environment at agreed times,…
The current exchange rate in Nigeria’s official market stands at N1,560.57 for one US dollar, indicating a strengthening naira attributed to recent foreign exchange reforms. Analysis of Tuesday’s FX trading activity revealed a notable 0.79 percent appreciation of the naira, with the dollar quoted at N1,560.57, surpassing the previous day’s rate of N1,572.86 at the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data compiled from the FMDQ Securities exchange shows that the naira has appreciated by 4.28 percent against the dollar since hitting its lowest point of N1,627.40 per dollar on March 8, 2024. On Tuesday, the intraday high and low…
In a bid to enhance stable power supply across Nigeria and other African nations, the federal government is calling upon investors to allocate more resources towards small hydropower projects, akin to the strides made in solar power technology. This call to action was articulated by the Minister of Power, Adebayo Adelabu, during a capacity building training session on small hydropower development standards. The event, held in Abuja, welcomed participants from the Economic Community of West African States (ECOWAS) and East African Commission (EAC), aiming to bolster small hydropower development standards in the West and East African regions. Adelabu underscored the…