Business Archives - Page 44 of 46

Oct

11

2022

Nigeria has world-class talents to dominate digital economy – Osinbajo

Business, Economy, Metro, Opinion, PoliticsEconomy, Lifestyle, Metro, Nigeria, Opinion, Politics, Yemi Osinbajo

Vice President Yemi Osinbajo said Nigeria has the requisite talents, creativity, and acumen to become a world leader in the digital economy. The VP made the comment on Monday at the Nigeria Digital Economy Summit (NDES) themed “Web 3.0, Blockchain & DeFi: Impact on Africa’s Digital Economy”. Osinbajo highlighted the future of technology, the digital economy, and what it means globally but especially for Nigeria. The vice president urged the nation to use the right approach and policy to harness its human capital and potential. He told the gathering that a new world is unfolding, unlike Web 1 and 2…

Oct

09

2022

By Amos Oge Kalu

PCN seals 19,059 illegal pharmaceutical premises in four years

Business, Health, Lifestyle, MetroHealth, Metro, Nigeria

A total of 19,059 illegal pharmaceutical premises have been shut down in the last four years across the country by the Pharmacy Council of Nigeria (PCN). Pharm Ibrahim Babashehu Ahmed, the Registrar PCN, on Saturday disclosed this during the presentation of the gazetted PCN (Establishment) Act 2022. He explained that “From 2018 to the 8th of October 2022, a total of 27, 262 facilities were visited for enforcement activities. Out of this number, we have closed down a total of 19, 059 of them.” The registrar pointed out that 16, 502 were sealed as patent medicine shops, saying that 1,780…

Oct

06

2022

By Amos Oge Kalu

Federal Government issues fresh loan to 1.4million Nigerians

Business, Economy, Metro, PoliticsBusiness, Economy, Metro, Next Level, Nigeria, Politics

The Federal Government said it has targeted over 1.4m Nigerian for the second phase of the government Empowerment and Enterprises Program, GEEP, loan. Minister of Humanitarian Affairs and Disaster Management, Sadiya Umar Faruk, stated this on Thursday at the official flag-off of the program in Dutse, the state capital of the state. Represented by Permanent Secretary of the ministry, Nasiru Sani Gwarzo, said, the program is in line with the Federal Government’s effort to lift millions of Nigerians out of poverty. According to him “when President Muhammadu Buhari took over the mantle of leadership in 2015, over 70 percent of…

Oct

06

2022

By Chimamanda

Long queues resurface at Abuja fueling stations over suspected scarcity

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

Long queues have resurfaced in Abuja filling states as motorists struggle to purchase Premium Motor Spirit, also known as petrol. Checks by our reporters showed that most fuel stations were locked while long queues were noticed in retail outlets in Wuse, Gwarimpa, Wuye, and Kubwa expressway on Tuesday. No official explanation has been given for the long queues, but motorists were seen making efforts to get the product and black market operators have also started to sell in jerricans A private car owner, Mr. Emmanuel Eze, said that there was fuel but does not know the reason for the queues.…

Oct

04

2022

By Chimamanda

FG sues Meta, owners of Facebook, Whatsapp, seeks N30bn

Business, EconomyBusiness, Economy, Facebook, Metro, Nigeria

The Advertising Regulatory Council of Nigeria has lodged a suit against Meta Platforms Incorporated, the parent company of Facebook, Instagram, and WhatsApp platforms and its agent – AT3 Resources Limited – at the Federal High Court, Abuja Judicial Division. This was disclosed in a statement by the highest regulatory body for Nigeria’s advertising, ARCON. ARCON is arguing that Meta Platforms Incorporated has continued to expose the Federal Government to loss of revenue adverts. It is seeking N30bn in sanction for the violation of the advertising laws and for loss of revenue. The statement read in part, “ARCON reiterates that it…