Economy Archives - Page 20 of 95

May

21

2025

Federal Ministry of Art, Culture, Tourism and Creative Economy Partners With AFRIFF to Launch Groundbreaking Film Market

Business, Column, Economy, Metro, News, Sponsoredculture, Economy, Nigeria

Cannes, France, May 18, 2025 – In a bold move to reinforce Nigeria’s leadership in the global creative economy, the Federal Ministry of Art, Culture, Tourism and the Creative Economy has signed a landmark Memorandum of Understanding (MoU) with the Africa International Film Festival (AFRIFF), establishing the AFRIFF Film and Content Market (AFCM), a pioneering marketplace poised to reposition Africa as a major player in the global film, television and digital content industries. The official signing took place at the prestigious Cannes Film Festival, where the Honourable Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musa Musawa, Esq.,…

May

15

2025

By Amos Oge Kalu

Nigerians Cry Out Over Tariff Hike – “TELECOM, NCC Are Killing Us”

Business, Economy, Metro, NewsBusiness, Economy, Metro

The recent 50% increase in telecom tariffs has sparked widespread outrage among Nigerians, particularly in the north. The Nigerian Communications Commission (NCC) approved the hike, citing operational pressures faced by telecom operators. For many, the increase has made staying connected a luxury they can no longer afford. Zainab Idris, a single mother and food vendor in Kano, relies on her phone for business. "Now I spend twice as much for half the access," she lamented. Students, small-scale vendors, and office workers are also feeling the pinch. Fatima Yusuf, a final-year student, said the increase is affecting her academic performance. "I'm…

Apr

27

2025

By Amos Oge Kalu

Ekiti: A path to economic emancipation

Column, Economy, News, Opinion, PoliticsBiodun Oyebanji, Economy, Ekiti State, Opinion, Politics

By Damilola Adeniran Since the creation of Ekiti State on October 1, 1996, various administrations have beenfocused on achieving rapid socio-economic development. The quest for development wasundoubtedly a fundamental factor driving the calls for the state's creation. This isunderstandable, given the historical context: the old Ondo State was dominated by theOndo clan, while Ekitis were marginalized from governance. Governor Biodun Oyebanji assumed office at a time when order and efficiency ingovernance were crucial for Ekiti State. The state is often characterized as an "agrarianstate," reflecting its rural agricultural lifestyle, subsistence farming system, and historicalpolitical decentralization. In this context, agriculture and…

Apr

03

2025

By Amos Oge Kalu

CBN declares report on N10,000, N5,000 banknotes as fake

Business, Economy, NewsBusiness, CBN, Economy

The Central Bank of Nigeria (CBN) has dismissed as false a circulating report claiming that it has introduced new N5,000 and N10,000 banknotes to enhance cash transactions. In a post on its official X handle, formerly Twitter, the apex bank said, “The content is not from the Central Bank of Nigeria. Kindly note that the official website of the CBN is cbn.gov.ng.” A statement from the CBN’s communications department further clarified, “The only official sources for releasing statements to the media are our website or statements from our department. There is also no Deputy Governor by such name. We are…

Mar

30

2025

By Amos Oge Kalu

Abia Airport Project and the Alex Otti’s Strategy of Holistic Fairness

Abia State, Economy, Metro, News, Politics, SponsoredAbia State, Alex Otti, Economy, Metro, Next Level, Politics

Governor Alex Otti has left no one in doubt that even in his passionate quest to develop every part of Abia State, the principles of equity, fairness and justice for all must be applied as the most potent driving force in the actualisation of his laudable vision for the people of Abia State. A few months ago there was an unprecedented uproar over the government's decision to site the proposed Abia Airport at Nsulu Community in Isialangwa North LGA of the state. The concerns raised stemmed from unverified but instigated rumour that the government was going to grab the land…