Economy Archives - Page 67 of 71

Sep

01

2021

President Buhari launches annual 20,000 jobs scheme

Economy, PoliticsEconomy, Mohammadu Buhari, Next Level, Nigeria, Opinion, Politics

President Muhammadu Buhari has said the focus on job creation, consistency in policy and innovation stimulated a five per cent growth of the economy in the second quarter of 2021, which is the highest in six years. He said the Jubilee Fellows Programme will further consolidate on the success recorded. The president spoke yesterday at the launch of the Nigeria Jubilee Fellows Programme, State House, Abuja. In a statement issued by presidential spokesman, Femi Adesina, the president listed some of the key drivers of economic growth and diversification in the second quarter to include telecommunications, transportation, electricity, agriculture and manufacturing.…

Aug

31

2021

By OHAFIATV

Naira declines on Monday falls to N527 per dollar

Economy, Metro, PoliticsEconomy, Metro, Next Level, Nigeria

The naira extended its decline on Monday, sliding to an all-time low of 527 against the dollar at the parallel market. The local currency, which has been on a downward trend in recent weeks, fell to 524 against the greenback on Friday from 522/$1 on Thursday. At the Investors and Exporters window, the naira, however, strengthened to 411.63/$1 on Monday from 412/$1 on Friday, according to FMDQ Group. The naira had strengthened to 506/$1 on August 4 after plunging to 525/$1 at the parallel market on July 28, a day after the Central Bank of Nigeria stopped foreign exchange sales…

Aug

30

2021

By OHAFIATV

CBN releases framework to strengthen cyber security resilience in OFIs

Economy, PoliticsEconomy, Next Level, Nigeria, Opinion, Politics

The Central Bank of Nigeria (CBN) on Tuesday released a framework to protect Other Financial Institutions (OFIs) against cyber attacks. This was contained in a memo by Nkiru Asiegbu, CBN’s Director, Other Financial Institutions Supervision Department, addressed to the office. Asiegbu said that the framework was necessitated by the number and sophistication of cybersecurity threats and attacks against the OFIs. “Due to the recent increase in the number and sophistication of cyber security threats and attacks OFIs, it has become necessary and mandatory for the sub-sector to strengthen its cyber resilience if it is to remain safe and sound. “Consequently,…

Aug

30

2021

By OHAFIATV

If we’re not careful, we’ll be chased out of Abuja – Rotimi Amaechi

Economy, PoliticsEconomy, Next Level, Nigeria, Opinion, Personality, Politics, Security

The Minister of Transportation, Rotimi Amaechi, has accused the political elites of burning the resources of Nigeria, saying deprived Nigerians would one day chase them out of Abuja. Amaechi said some big men have relocated from their states to Abuja because they do not feel safe in their home states. He also said secessionist agitations in the country should not be seen as a problem, saying economic deprivation and injustice are the reasons some groups are calling for a break-up. Amaechi said both Nigerians in the northern and southern regions are deprived, adding that injustice did not start from President…

Jul

29

2021

By OHAFIATV

Buhari vows increased education spending over the next four years

Economy, Education, PoliticsEconomy, Education, Metro, Mohammadu Buhari, Next Level, Nigeria, Politics, World News

President Muhammadu Buhari has pledged that Nigeria will increase its budget for education as a sign of commitment to its citizens. The 78-year-old made the pledge at the Global Education Summit on Financing Global Partnership for Education (GPE) 2021-2025 in London, the United Kingdom on Wednesday, July 28, 2021. He said Nigeria will progressively increase annual domestic education expenditure by 50% over the next two years, at the end of which his second term tenure will end. The president also committed Nigeria to increase the annual expenditure by up to 100% by 2025, beyond the 20% global benchmark. “We fully…