Posts in category

Economy/Business


WTO: US’ objection stalls Okonjo-Iweala’s emergence as Director General

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How Akinwumi Adesina got re-elected as AfDB’s President

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Oyo Govt Presents N1.3 Billion Gratuity Cheque To 573 Pensioners

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President Muhammadu Buhari, GCFR, President of the Federal Republic of Nigeria, Presidential Villa, Abuja. Your Excellency, MEMO TO 1.0 INTRODUCTION   1.1 It fills me with great pleasure to wish you a happy and prosperous 2021 as we, Nigerians and the rest of the world, cross the threshold of the past year into another new …

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Lagos-Ibadan rail By Fadairo Olufemi I took the lagos-ibadan train ride on the second day after it was officially opened for commercial business. It was a wonderful experience. I know many people would write about the train as more people get to use it, so i would only focus on salient points that people may …

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  Chief Harry Akande, the Agba Oye of Ibadanland and one-time Presidential Aspirant was born in 1943 in Ibadan. He was aged 77. According to a statement by a member of the family, Olumide Akande, Chief Akande died, “in the early hours of Saturday, December 5, 2020. “Our patriarch Chief Harry Ayodele Akande passed away …

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  According to United Nations’ Committee, “Food Securit- FS” is a situation where people at all times, have physical, social, and economic access to sufficient, safe, and nutritious food that meets their food preferences and dietary needs for an active and healthy life. Apparently, climate change, insecurity, pandemic, low or no famers motivation, growing global …

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A former Nigerian minister of finance, Ngozi Okonjo-Iweala, on Wednesday won the overwhelming support of the World Trade Organisation’s 164 members. However, Mrs Okonjo-Iweala’s chances of being declared the next director general of the trade body suffered setbacks as the United States failed to endorse her for the top job. The UK Guardian reported that …

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Earmarks N500m Compensation Fund For #ENDSARS Victims, To Employ 5000 Youths      They Oyo State Governor, Engineer Seyi Makinde remarks at the post-protest meeting with traditional rulers and other stakeholders in Oyo state. In his statement, He said, “This is the first time we will be meeting like this after the events of the …

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As World Bank predicts Nigeria’s impending recession will be worst in 40 years   WATCH (video): HOW TO SURVIVE RECESSION |12 Realistic Ways To Thrive & Survive Economic Downturn. | watch this video: Share and subscribe for more….. https://youtu.be/m_yZH2DoaD0 A new world bank report  has painted a very grim picture of the economy today and …

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Nigeria’s  Akinwumi Adesina has been re-elected as the President of the African Development Bank (AfDB), for another five-year term. The re-election took place electronically during AfDBs’ 2020 Annual Meeting. It was reported Mr. Adesina  disclosed his intentions to run as the multilateral bank’s President for a second time yesterday. Mr. Adesina stressed the need for unity …

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Pensioners in Oyo State have been presented gratuity cheques amounting to N1.3billion, on Monday. The beneficiaries, that include 449 pensioners living and next-of-kins of 124 dead pensioners, are drawn from those primary school teachers that retired in 2011 and 2012 and from those local government workers that exited service in 2014 making a total of …

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  The Oyo state government has approved screening of Oyo state pensioners in diaspora through virtual calls otherwise known as video calls. Sunrisebulletin.com reports. The Honourable commissioner for Information, Culture and Tourism, Dr Wasiu Olatunbosun, made this disclosure on Tuesday while speaking with governor’s office correspondents shortly after arising from the 21st state executive council …

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The Association of Online Media Practitioners of Nigeria (AMPON) has discontinued its banking relationship with a popular commercial bank in the country, First Bank of Nigeria Limited. This decision, according to a prominent member of the association, was not unconnected with the poor network being experienced lately by the numerous customers of the bank, especially …

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The Nigerian government, on Thursday, extended the second phase of the COVID-19 eased lockdown by another four weeks. This extension is the third for the second phase of lockdown currently observed across Nigeria. The extension was disclosed by Boss Mustapha, the Secretary to the Government of the Federation, SGF, during the daily briefing of the …

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On August 1, a new policy that will deny serial bad debtors any cover to operate went live in the Nigerian banking system. The Central Bank of Nigeria (CBN) says the Global Standing Instruction (GSI) policy will facilitate improved credit repayment culture in the country; reduce non-performing loans (NPLs), and promote watch-listing of chronic loan defaulters in …

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The Country Director for Chastex Consult, Ini Archibong, in a telephone conversation with Vanguard, said: “Shoprite is not leaving Nigeria. “We have only just opened to Nigerian investors which we have also been talking to just before now. We are not leaving, who leaves over a $30billion invest and close shop? It doesn’t sound right. “We …

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Bond to Take Care of Construction and Upgrade of Hospitals, Ibadan Dry Port and Rail Corridor Development  – Commissioner The Oyo State Executive Council on Tuesday approved the issuance of a N100 billion private bond tagged “Oyo Prosperity Bond” to facilitate the execution of priority projects that will further drive economic development in the State. …

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