Minerals Development: Turkish Ambassador Hosts Uche Ogah
As part of moves to synergize with Nigeria for the development of mineral resources, Ambassador of the Republic of Turkey to Nigeria, H.E, Ambassador Hidayet Bayraktar recently hosted Nigeria's Minister of State for Mines and Steel Development, Dr. Uche Ogah. ABN TV gathered that the minister and his host also discussed Nigeria-Turkish relationship in the Minerals and Metal sector and...
CBN Stops Licensing Of Bureau De Change Operators
The Central Bank of Nigeria (CBN), has stopped the licensing of Bureau De Change (BDC) operators in the country, ABN TV reports. This is according to the apex bank’s governor, Godwin Emefiele. He made this known at the MPC briefing on Tuesday, July 27, 2021. While Emefiele said CBN will no longer license new BDC operators, he also disclosed that all current...
FG To Boost Benue’s Agric Sector – Minister
The federal government has expressed its desire to transform the agriculture sector of Benue State in order to boost food production and encourage exportation. This was disclosed yesterday by the Minister of State for Industry, Trade and Investment, Mariam Katagum, in Makurdi at the official inauguration of the state office for the implementation of the Nigeria Agribusiness and Agro-Industry Development...
Ogah Seeks Republic of Korea’s Collaboration To Develop Nigerian Mining Sector [PHOTOS]
Minister of State, Mines and Steel Development, Dr. Uchechukwu Sampson Ogah has said that about 44 different minerals in commercial quantities in the country, urging the Republic of Korea to invest in Nigeria's solid minerals sector for the mutual benefit of both countries. The Minister also added that Korea could source raw materials from Nigeria for its manufacturing and technological...
Nigeria’s Inflation Rate Drops To 17.7% In June
Nigeria’s Inflation has yet again fallen to 17.75% as the economy steadily improves. The country’s inflation rate dropped further in the month of June 2021 to 17.75% from 17.93% recorded in May 202!. This represents the third consecutive decline in headline inflation. This is according to the latest consumer price index report, released by the National Bureau of Statistics (NBS). READ ALSO:...
Stop Mortgaging Future Of Our Youths, End Borrowing, Moghalu Advises Buhari
Convener of Moghalu4Nigeria Movement (M4N), Prof. Kingsley Moghalu, has deplored Nigeria’s debt exposure, which stood at $32.85 billion by March this year. The former Central Bank of Nigeria (CBN) deputy governor, therefore, advised the Federal Government to urgently “halt this borrowing binge, which is exposing the country to a possible future debt peonage, considering our external debt by 2015 was...
Senate Approves Buhari’s $6.1 Billion Loan
The Senate on Wednesday approved a loan request of $6.1 billion by President Muhammadu Buhari, ABN TV reports. The $6.1 billion which is about N2.343trillion was approved following the consideration of the report of the Senate Committee on Local and Foreign Debts at plenary. The Chairman of the committee, Senator Clifford Ordia, presented the report. President Buhari had in May, asked...
Nigeria Will Continue To Borrow Responsibly – Senate President Lawan
President of the Senate, Ahmad Lawan, has explained why it is important for the Nigerian government to continue to borrow responsibly to fund critical projects in the country. He believes it is not feasible for the government to tax the people further in the face of the present economic situation and the nation’s infrastructure must be developed. The Senate President made...
Buhari Moves To Lift 100 Million Nigerians Out Of Poverty, Inaugurates Committee
President Muhammadu Buhari has inaugurated the National Steering Committee (NSC) of the National Poverty Reduction with Growth Strategy (NPRGS) to be chaired by the Vice President, Professor Yemi Osinbajo. In his remarks at the event on Tuesday in Abuja, the President reiterated his commitment to lifting 100 million Nigerians out of poverty in 10 years, with a well-researched framework for...
Oando, Ecobank Record Price Fall As Nigerian Stock Market Loses N54bn
The Nigerian equities market began trading for the week on Monday still in a negative mood with 0.27 percent loss due to renewed profit-taking. Specifically, the All-Share Index which opened for the week at 38,648.91 shed 103.61 points or 0.27 percent to close at 38,545.30. Accordingly, month-to-date gain moderated to 0.3 percent, while year-to-date loss increased to 4.3 percent. In the...
