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Tag: Business

Breaking: Cryptocurrency in Nigeria should be regulated, not prohibited- VP Osinbajo

“Decentralized finance, using smart contracts to create financial instruments, in place of central financial intermediaries such as banks or brokerages is set to challenge traditional finance. The likes of Nexo finance offer instant loans using cryptocurrency as collateral.

Economy: Nigeria inflation hits 16.47%

The Minister of Finance, Budget and National Planning, Zainab Ahmed, had in January said government planned to keep inflation at 11.95 per cent by year end, following the Central Bank of Nigeria (CBN)’s inability to keep it within a single-digit target range of between 6 to 9 per cent for more than four years.

Nigeria’s inflation rises to 15.75%

The urban inflation rate also increased in December by 16.33 percent (year-on-year) in December 2020 from 15.47 percent recorded in November 2020, while the rural inflation rate increased by 15.20 percent in December 2020.

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Breaking: UK APC chapter begs Sunday Igboho to shelve Lagos rally

“Considering the state of insecurity that the government is battling across the country, we feel that the rally is ill-timed. No doubt, people have rights all over the world to peaceful protests but the situation in the country is such that all efforts must be geared to stop any gathering or association that may further worsen the security situation in the country. “Lagos as the commercial nerve centre in Nigeria needs to be protected from the possibility of any planned protests which can be hijacked to cause destruction of businesses and state infrastructure. Lagos is home to Nigerians of all tribes across the country.

$3m bribery: Court sentences ex-Rep Farouk Lawan to 7 years imprisonment

The Court, in judgement that was delivered by Justice Angela Otaluka, found the four-term lawmaker for Bagwai/Shanono Federal Constituency of Kano State, guilty of demanding an aggregate sum of $3million from Chairman of Zenon Petroleum and Gas Ltd, Chief Femi Otedola, to give his company a clean bill of health in the fuel subsidy probe the House of Reps initiated on 2012.

Former President Goodluck Jonathan bags another appointment

Cavendish University Uganda is affiliated with Cavendish College London, Cavendish University Tanzania and Cavendish University Zambia. CUU held its first graduation ceremony in November 2011.

Senate confirms Yahaya as Chief of Army Staff

The confirmation was sequel to the presentation and consideration of the Joint Committee on Defence and Army on the confirmation of the Nomination of Major General Farouk Yahaya for appointment as Chief of Army Staff of the Armed Forces of the Federal Republic of Nigeria and presented by the Chairman, Senator Aliyu Wamakko, All Progressives Congress, APC, Sokoto North.