Economy
Why we imposed levy on every loaf of bread in Kogi – official
The Kogi State Government has contracted a consultant to levy every bread baked, with the Ministry of Commerce and Industry. The post Why we imposed levy on every loaf of bread in Kogi – official appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
NIGCOMSAT host first space-sector innovative challenge
Nigerian Communications Satellite Limited (NIGCOMSAT) have on Friday launched the first edition of Hackathon ActinSpace Challenge to help drive innovative ideas in the Nigerian space sector. The post NIGCOMSAT host first space-sector innovative challenge appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Minister: Broadband subscriptions increased by 4,061,731 in October
Home Telecom Broadband penetration in Nigeria increased to 45.43 per cent by the end of October 2020, the Federal Government announced on Wednesday. Minister of Communications and Digital Economy, Isa Pantami, said the rise was due to an increase of 4,061,731 broadband subscriptions between September and October 2020. He said the implementation of the National Digital Economy Policy led to the rise in broadband subscriptions across the country during the review month. Pantami, who disclosed this in a statement issued in Abuja by his Technical Assistant, Information Technology, Femi Adeluyi, observed that the Nigerian National Broadband Plan 2020-2025 had impacted significantly on broadband penetration. The minister noted that the plan was implemented alongside the harmonisation of Right-of...
Broadband penetration hits 45.43 percent in Nigeria
The Minister of Communications and Digital Economy, Dr Isa Pantami, says broadband penetration in Nigeria increased to 45.43 per cent in October. Dr Femi Adeluyi, Technical Assistant on Information Technology to the minister, said this in a statement on Wednesday in Abuja. Adeluyi said that this was due to an increase of 4,061,731 broadband subscriptions between September and October 2020. “This increase in broadband penetration has been as a result of conscientious implementation of the National Digital Economy Policy for the overall benefit of the economy to achieve a Digital Nigeria. “The Nigerian National Broadband Plan (2020-2025), along with the harmonisation of Right of Way charges across the states and protection of critical national infrastructure across the country, had a signifi...
NLC demands end to medical tourism by government officials
The Nigeria Labour Congress, NLC, on Thursday called for an end to all forms of medical tourism especially by elected and appointed government officials. The NLC also said that with the quantum of resources available to government, Nigeria can afford to build and effectively equip some of the best hospitals in the world, with global best practices and personnel. President of the NLC, Comrade Ayuba Wabba, stated this in Abuja in his address on this year’s Global Day of Action on Care. Briefing, Wabba reiterated that the government must be ready to invest heavily in the health sector, saying no country survives without effective health care. He lamented that apart from the open fact that the country’s health care sector has been neglected for too long, health care workers have been subjected...
Oil prices slide in lockdown-driven rout
Oil prices dived Thursday on demand fears as more nations go into lockdown to staunch the spread of the coronavirus, while stock prices attempted a modest rebound. Both main oil contracts fell five percent for part of the day before clawing back some of their losses, extending this week’s meltdown to plumb four-month lows on virus-driven demand fears. “The new lockdowns have since yesterday caused a carnage in the oil market,” said Bjornar Tonhaugen, head of oil markets at Rystad Energy. “Oil demand will lose ground as a result of the new lockdowns… Prices now naturally decline on this grim prospect,” he added. The drop in oil prices will increase the pain on oil companies. Exxon Mobil announced Thursday it was eliminating 1,900 US jobs as part of a cost-cutting drive necessitated in part ...
Eid-el-Maulud: President Buhari preaches love, honesty
President Muhammadu Buhari has urged all Nigerians to seize the opportunity of this year’s Eid-el-Maulud to reflect on the virtues of the Holy Prophet by showing love and understanding for fellow citizens. He also urged Nigerians to avert second wave of COVID-19 in Nigeria, saying the nation’s economy cannot bear another round of lockdown. Buhari’s position was contained in a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu, titled “President Buhari welcomes Maulud, urges love and understanding among citizens.” The statement read, “As Muslims in Nigeria join others all over the world to mark the Eid-el-Maulud, President Muhammadu Buhari has urged all citizens to use the occasion to reflect on the virtues of the Holy Prophet by showing love and understanding for...
S&P cuts Zambia to default after Eurobond payment missed
File Photo S&P Global Ratings Services cut its assessment of Zambia’s debt to selective default after it said it couldn’t meet payments and skipped a coupon on its Eurobonds last week. The ratings company didn’t wait for the 30-day grace period after the missed coupon payment to expire. This is the latest blow to Zambia, which is trying to convince bondholders to give it a six-month interest payment holiday while it drafts debt restructuring plans. S&P forecast that the nation will remain in default at least through the six months. “We view the nonpayment of debt service and the statement that the government will not make debt service payments as a default on its commercial debt obligations,” the company said in a statement Wednesday. Get more stories like this on Twitter You Deser...
Nigeria to begin business sample census October 12
File Photo The National Bureau of Statistics, NBS, is to commence National Business Survey after 22 years. The statistician General of the Federation, Dr. Yemi Kale, announced this on Monday while delivering a keynote address at the Training of Trainers for the National Business Sample Census (NBSC) 2020 in Abuja. Kale said the information emanating from the census activity would be primarily useful in understanding the nature and structure of the economy, as well as providing a sound business frame for the conduct of economic surveys in the country. The Business Census also known as an Economic Census is a statistical exercise that involves the enumeration of formal and informal business establishments across the country. During this process, commercial and industrial business operations ...
Lagos Assembly urges Governor Sanwo-Olu to create MSMEs hubs
Pool Photo Lagos State House of Assembly has called on the Governor, Babajide Sanwo-Olu, to create Micro, Small, and Medium Enterprises, MSMEs, hubs in the three senatorial districts in the state. The call was part of the Motion entitled; “Call on the State Government to Establish Micro, Small and Medium Enterprises MSMEs, Commercial Hubs In All The Senatorial Districts of Lagos State,” raised by a member representing Kosofe Constituency 1, Mr. Ganiyu Okanlawon, during yesterday plenary. Moving the motion, Okanlawon opined that, life will become bearable if MSMEs grow, stating that the idea of SMEs as conceived by China brought about growth in the nation’s economy. According to him, establishing commercial hubs in places including Epe, Ibeju Lekki among others would grow the economy of t...
Nigeria’s Hauwa Ojeifo wins Gates Foundation changemaker award
A Nigerian gender and disability rights advocate, Hauwa Ojeifo, has won the Bill & Melinda Gates Foundation changemaker award for 2020. According to the Gates Foundation, the award celebrates an individual who has inspired change using personal experience or from a position of leadership. Ms Ojeifo, who heads “She Writes Woman,” a women-led movement giving mental health a voice in Nigeria, was recognised for her work in promoting gender equality (Global Goal #5), a statement by the foundation said on Tuesday. The awardee, who is a sexual and domestic abuse survivor, founded her platform in 2015 to provide “mental health support through a helpline, teletherapy and virtual support groups serving as a first point of contact to ensure that survivors of gender-based violence and those livin...
Governor Fayemi: Traditional institution agent of grassroots development
The Ekiti State Governor, Dr. Kayode Fayemi, has promised to always accord the traditional institution with respect, describing it as agents of grassroots development, hence the desire of his administration to always fill vacant stools promptly Fayemi’s said this on Tuesday, at the presentation of the staff of office and instrument of appointment to the new Olorin of Orin Ekiti, Oba Olufemi Adeniran Ajibewa. The ceremony was held at the Conference Hall of the Governor’s Office, Ado Ekiti in line with COVID-19 protocols. Fayemi urged Oba Ajibewa to see his new position as a call to duty to serve his people and move the town forward. Represented by the Deputy Governor, Otunba Bisi Egbeyemi, the Governor described the throne as a sensitive position that calls for considerable wisdom, diligenc...
