Economy

Economy

Jul
03
2023
By Amos Oge Kalu
Hot: Wema Bank Rewarding Customers with N90,000,000 in Cash Prizes in 5 for 5 Promo

Hot: Wema Bank Rewarding Customers with N90,000,000 in Cash Prizes in 5 for 5 Promo

Business, Economy, News, Sponsored
...Launches Season 3 of the Wema Bank 5 for 5 Promo, Rewarding Customers with N90,000,000 in Cash Prizes Wema Bank PLC, the leading financial institution in Nigeria and the pioneer of Africa's first fully digital bank, ALAT, yesterday announced the launch of the highly anticipated 3rd season of the Wema Bank 5 for 5 promo. This reward program, initiated by Wema Bank, aims to recognize and reward customers across Nigeria for their unwavering loyalty to the bank. Commencing July 1st, 2023, Season 3 of the 5 for 5 promo will distribute a total of N90,000,000 in cash prizes to Wema…
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Jun
28
2023
By Amos Oge Kalu
Due to flooding, FCTA declares Trademore Estate a disaster zone.

Due to flooding, FCTA declares Trademore Estate a disaster zone.

Economy, Lifestyle, Metro,
The Trademore Estate region was deemed a disaster zone on Tuesday by the Federal Capital Territory Administration, or FCTA, who also urged immediate action to prevent further losses of lives and property. The call, according to OHAFIATV News, came days after the fatal flooding that submerged no fewer than 116 homes in Abuja's Lugbe District. The flooding incident at Trademore Estate was one of the issues discussed at the FCT monthly security committee meeting, according to FCTA Permanent Secretary Olusade Adesola, who made this statement on Tuesday while leading senior FCTA officials and heads of security and paramilitary agencies based…
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Jun
28
2023
By Amos Oge Kalu
Subsidies Removal: World Bank estimates that more than 7 million Nigerians may fall into extreme poverty.

Subsidies Removal: World Bank estimates that more than 7 million Nigerians may fall into extreme poverty.

Economy, Lifestyle, Metro, News, Opinion, , , , ,
If the federal government doesn't offer temporary solutions after fuel subsidies are eliminated amid the current economic difficulties, at least 7.1 million Nigerians could fall into extreme poverty. This information was released by the World Bank on Tuesday in Abuja in the Nigeria Development Update for June 2023. President Bola Ahmed Tinubu implemented some economic policies upon taking office, including the elimination of fuel subsidies and the unification of the foreign exchange window, which increased the cost of transportation as well as the prices of goods and services. Insecure households will lose at least 5,700 in monthly income if no…
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Jun
22
2023
By Kalu Odinakachi
Ohanaeze to Tinubu: “Seme border reopening, end of chokehold on Igbo businesses”

Ohanaeze to Tinubu: “Seme border reopening, end of chokehold on Igbo businesses”

Business, Economy, Metro, News, Opinion, , , , ,
In his efforts to improve the lives of many Nigerians, a group of the Ohanaeze Ndigbo Worldwide applauded President Bola Tinubu for reopening the Seme border for the importation of vehicles and urged for more encouraging government initiatives. Ohanaeze said that the decision to reopen the Seme land border marked the end of a period in which Igbo firms in Nigeria were politically and economically stifled. The organization's Secretary-General, Mazi Okechukwu Isiguzoro, said that the choice would promote economic growth. Igbos anticipate increased infrastructure development in the Southeast, according to a statement by Isiguzoro. Isiguzoro declared: "Ndigbo appreciates such promising…
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Jun
21
2023
By Amos Oge Kalu
High Court reserves ruling on Emefiele’s bail application

High Court reserves ruling on Emefiele’s bail application

Economy, Lifestyle, Politics, , , , ,
The High Court of the Federal Capital Territory sitting in Abuja has reserved its ruling in the bail application of the suspended Governor of the Central Bank of Nigeria, Godwin Emefiele, to July 13, 2023. The presiding judge, Justice Hamza Muazu, gave the order after hearing the arguments of all parties in the matter. Emefiele, through his counsel, is challenging his detention by the Department of State Services (DSS) and the denial of access to members of his family and counsel. Counsel to both DSS and the Office of the Attorney General of the Federation opposed the bail application of…
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