By – Arthur Nwakanma Renowned human rights lawyer, activist and senior advocate of Nigeria, Femi Falana, has bemoaned the economic problems bedevilling the country with the attendant hardship, unemployment, misery and poverty on vast majority of Nigerians. He unequivocally placed the blame on the footsteps of IMF and World Bank whose draconian and obnoxious…
By – Arthur Nwakanma. The country is going through harsh economic conditions due to government genuine efforts to rejig the economy for better performance and growth. This calls for concerted efforts by all and sundry to weather the challenges. The aftermath of this in the short run is the hardship witnessed a vast majority of…
Ports Efficiency: Ministers of Marine &BE, Transportation and Customs CG meet over ports decongestion … Charges CG to enforce use of scanners As part of efforts to ensure ports efficiency and competitiveness, the ministers of Marine and Blue Economy, Adegboyega Oyetola, Transportation, Senator Said Ahmed Alkali and CG Customs, Bashir Adeniyi met on Monday and…
The United Nations on Wednesday said the global unemployment rate would increase slightly in 2024. It said an extra two million workers are expected to be looking for jobs in 2024, raising the global unemployment rate to 5.2 per cent. The UN, through its labour arm, International Labour Organisation, also raised concerns about stagnant productivity,…
•How EFCC ordered 52 firms to submit forex allocation forms from 2014 to 2023 Operatives of the Economic and Financial Crimes Commission on Thursday stormed the headquarters of Dangote Industries Limited in Ikoyi, Lagos, in furtherance of the ongoing investigation into the alleged abuse of the foreign exchange allocations by the immediate past Governor of…
The Nigerian National Petroleum Company Limited has commenced the supply of crude oil for the test-running of the Port Harcourt Refining Company Limited, the NNPCL officials told The PUNCH on Sunday. Oil marketers confirmed the development and stated that the plant would supply refined Premium Motor Spirit, popularly called petrol, Automotive Gas Oil, otherwise known…
• Experts seek deliberate actions to tackle FX crisis, insecurity, corporate failure • Workers demand timely closure of new minimum wage negotiation • Safety, infrastructure development, vessel building top maritime agenda • Telcos to reap from rising content consumption • Controversial USSD debt carried into 2024 Against the backdrop of tougher projections for the New Year,…
Nigeria witnessed another collapse of its national grid on Monday, leading to a crash in power generation from 4,032.8 megawatts around 1pm to 43.5MW at about 2pm the same day. Power generation figures obtained from the Transmission Company of Nigeria showed that electricity on the system moved up to 115.4MW around 3pm, before rising further…
