Economy Archives - Page 26 of 69

Jun

29

2024

The naira sees its first gain against the dollar in nine days.

Business, Economy, Metro, NewsBusiness, Economy, Metro, Next Level

After nine days of depreciation, the Naira strengthened against the dollar on Friday at the foreign exchange market, capping off a positive week. According to FMDQ data, the Naira strengthened against the dollar on Friday, trading at N1505.30 as opposed to N1510.10 on Thursday. Concerning the N1510.10 exchanged the day before, this signifies a gain of N4.8 against the US dollar. Similarly, on Friday at the foreign exchange market, the Naira saw a gain and traded at N1515 against the US dollar. Since June 18, 2024, when it traded at N1482.72 per dollar on the official forex market, this is…

Jun

28

2024

By Amos Oge Kalu

Three months of work have found N10bn worth of stolen crude oil – DHQ

Economy, Metro, NewsArmy, Crime, Economy, Insecurity, Next Level, Nigeria, Politics, Security

The Defence Headquarters says that N10 billion worth of stolen crude oil has been found in the Niger Delta. This is part of the fight against oil theft and vandalism in the area. Maj. Gen. Edward Buba, who is in charge of defence media operations, said this at the DHQ's twice-weekly briefing in Abuja on Thursday. DHQ said that in the North alone, troops have killed 2,245 terrorists in the last three months. Buba said, "During the second quarter of this year, troops killed 2,245 terrorists, arrested 3,682 suspected terrorists and other criminals, freed 1,993 hostages, and stopped the theft…

Jun

28

2024

By Amos Oge Kalu

Tinubu grants N50,000 to 3.6 million Nigerian families

Economy, Metro, PoliticsBola Ahmed Tinubu, Economy, Metro, Next Level, Nigeria, Politics

The approval of an uplift grant for 3.6 million Nigerian families has been given by President Bola Tinubu. The National Construction and Household Support Programme will be used to distribute the grant. Each state will receive N50,000 for three months, benefiting roughly 100,000 families. This was verified in a statement by Ajuri Ngelale, the presidential spokesman. The text said, in part, "Furthermore, additional items covered by the National Construction and Household Support Programme comprise: "A one-time N10 billion grant to the states and the Federal Capital Territory for the purchase of buses and the CNG upgrade programme." "Provision of three…

Jun

23

2024

By Amos Oge Kalu

National Youth Alliance Appoints Mamman Tijjani as Economic Adviser To The National Chairman

Economy, Metro, News, PoliticsEconomy, National Youth Alliance, Politics

The National Youth Alliance has announced the appointment of seasoned economist, Mamman Tijjani, as Economic Adviser to the National Chairman/Youth President. The appointment was announced by Hon. Jacob Dickson, Special Adviser to the NYA National Chairman, on Sunday. Mamman Tijjani, a lecturer in the Department of Economics at Federal University Lafia, Nasarawa state, brings a wealth of knowledge and experience to the role. He holds a Master's degree in Economics from Ahmadu Bello University, Zaria, and a Bachelor's degree in Economics from the University of Maiduguri. He is currently pursuing his Ph.D. in Economics at Bayero University, Kano. Tijjani has…

Jun

22

2024

By Amos Oge Kalu

Oyebamiji, NIWA and Blue Economy

Column, Economy, Metro, News, OpinionEconomy, Opinion, Politics

Byabiodun KOMOLAFE From the track records of Munirudeen Bola Oyebamiji, his appointment into the hitherto moribund National Inland Waterways Authority (NIWA) as its Managing Director/Chief Executive Officer (MD/CEO) is well deserved. Given his pedigree, experience and previous positions, expectations are high that Oyebamiji’s good leadership style will ultimately impact inland waterways in a way as to make Marine and Blue Economy relevant and fulfill its mandate. In the past, not much has been heard about NIWA as it has just been job-for-the-boys kind of establishment. But now that a technocrat, famously called Bola Oyebamiji, has been put in the saddle,…