Paul Alaje: Wale Edun Needs To Redirect Nigeria’s Economy From Consumption To Production
“When you’re consuming and you’re devaluing, you’re only digging your own grave.”
“When you’re consuming and you’re devaluing, you’re only digging your own grave.”
The Chief Judge of the Federal High Court, Justice John Tsoho, has reversed the decision to transfer the suit filed by the Airline Operators of Nigeria (AON) against Nigeria Air
“Thus, in our view, continuing on the reform path would be imperative to allay concerns on the external side.”
The move towards the unification of the bank started in 2020 as part of a peace progress attempt.
It is expected to herald a weekly occurrence of 600 tons of tiles to Onitsha and 600 tons of clay back to Ajaokuta.
“A whooping debt service-to-revenue ratio of over 100 percent may spell doom for the new administration.”
A former president, Carpet Manufacturers Association of Nigeria, said over 30 textile companies in Nigeria have closed shop, and 60, 000 have lost their jobs.
The CBN called for enhanced collaboration to stem the tide, and also released fresh guidelines for forex sale by BDCs.
This will be through enhanced trans-border trade with neighbouring countries of Cameroon, Chad and Niger Republic.
It’s targeting 11,500 new CNG-enabled vehicles and 55,000 CNG-conversion kits for existing vehicles.
“He has bought 80% of his needs from me. It’s not bad that he took some from any other place to make sure his security is working.
It said the PVR has become a mandatory trade document precedent to the completion of a Form M going forward.
With the appreciation at both the official and parallel markets, the gap between both segments of the forex market reduced to N81.
The Board of the Abuja Disco has announced the appointment of Christopher Ezeafulukwe, MD/CEO of Transcorp Power Limited as the new MD/CEO of AEDC.
British national dies in mishap as three other crewmen go missing.
“NNPC is now a limited liability company. How come we still have a sole owner? Is it a one-man business?”
“Otedola is a strong leader with a track record of achievements in business and always aiming to make things better and adding value in areas where pioneers have trod.”
The SSA to the Governor on Agriculture explained that cocoa was responsible for 1.04 per cent of exports and contributes 3.33 per cent to employment in Nigeria.
They noted that the significant rise in inflation largely reflected the impact of fuel subsidy removal and exchange rate devaluation.
There was relief in the forex market on Wednesday, as the naira appreciated at both the official I&E forex window and the parallel market.
Easily access major global news with a strong focus on Africa. As well as the main stories of the day, we like to accentuate positive stories about Africa across all genres including Politics, Business, Commerce, Science, Sports, Arts & Culture, Showbiz and Fashion.
We broadcast 24 hours a day from our studios in London and New York and can be seen here in the UK and across Europe on the Sky platform (Sky channel 516), Freeview (Channel 136) as well as in the USA on the Centric channel and also on the Hot bird platform, which transmits to Europe, North Africa and the Middle East.
© 2023 Arise News - Part of the Arise Media Group.