Business Archives - Page 42 of 46

Nov

25

2022

AEDC announces fresh blackout in Abuja

Business, Economy, Lifestyle, MetroAbuja, AEDC, Business, Economy, Lifestyle, Metro, Nigeria

Abuja Electricity Distribution Company (AEDC), has announced that there will be power interruption in some parts of the Federal Capital Territory (FCT) starting from Friday, 25th to Saturday, 26th of November 2022. AEDC, in a public notice signed by its management, noted that the interruption would enable the Transmission Company of Nigeria (TCN) to carry out maintenance exercises at Suleja – Katampe 132kv transmission line from 7 am to 6 pm daily. According to the company, the affected areas are Dawaki Village, Dawaki Extension, Sokale Village, part of Dutse, part of Kubwa, and the environs. The company, however, assured that…

Nov

23

2022

By Amos Oge Kalu

See redesigned naira notes FG unveiled to general public

Business, Economy, Metro, PoliticsEconomy, Lifestyle, Metro, Nigeria, Politics

The Federal Government has unveiled the redesigned naira notes to the public. It was unveiled at the Federal Executive Council meeting presided over by President Muhammadu Buhari a few minutes ago. The Governor of the Central Bank of Nigeria, Godwin Emefiele warned Nigerians against hoarding of the old notes, saying there is no going back on the January 31st 2023 deadline to completely render the old notes useless. The redesigned notes are in denomination of N1000, N500 and N200.

Nov

17

2022

By Amos Oge Kalu

NBS reveals that 133 million Nigerians are poor

Business, Economy, Lifestyle, Metro, OpinionEconomy, Lifestyle, Metro, Next Level, Nigeria, Opinion

The National Bureau of Statistics, NBS, has disclosed that 133 million Nigerians are multidimensionally poor. In its latest National Multidimensional Poverty Index Report launched on Thursday, the NBS said that 63 percent of Nigerians are poor due to a lack of access to health, education, and living standards, alongside unemployment and shocks. The MPI offers a multivariate form of poverty assessment, identifying deprivations across health, education, living standards, work, and shocks. According to the Statistician-General at the NBS, Semiu Adeniran, it is the first time they will conduct a standard multidimensional poverty survey in Nigeria. How We Juggled Schooling With…

Nov

17

2022

By Amos Oge Kalu

Presidency: Peter Obi envisages generating over $1bn by 2025.

Business, Economy, Opinion, PoliticsBusiness, Economy, Next Level, Nigeria, Peter Obi, Politics

The 2023 presidential candidate of the Labour Party, Dr Peter Obi has explained how Nigeria can get her economy back on track . First, our focus will be on agriculture and production-centered growth for food security and export, with more emphasis on exporting finished products instead of commodities and raw materials. This relates mainly to food and textiles. Nigeria has over 84 million hectares of arable land. Nigeria has over 84 million hectares of arable land. And barely 40% of our arable land is cultivated today. Nigeria’s arable land is her new oil and gold. We will incentivize the resuscitation…

Nov

14

2022

By Amos Oge Kalu

Buhari weak in managing Nigeria’s economy, governance – Report

Business, Economy, Lifestyle, Metro, Opinion, PoliticsEconomy, Lifestyle, Metro, Mohammadu Buhari, Next Level, Nigeria, Opinion, Politics, Security

Nigeria under President Muhammadu Buhari has performed poorly in governance, economic and political transformation, according to the BTI 2022 Country Report. The Bertelsmann Transformation Index (BTI) measures the development status and governance of political and economic transformation processes in developing and transition countries. Founded in 1977, the report is published biennially by Bertelsmann Stiftung, an independent establishment based in Gütersloh, Germany. More than 250 experts from leading academic institutions and civil society organizations worldwide assessed 137 nations. Nigeria is 108th overall: 86th spot for political transformation, 113th for economic transformation, and 99th for governance index. The 31-page report warns that…