BUSINESS
Tinubu Appoints Adedeji Acting Chairman Of FIRS
President Bola Tinubu has appointed Zacch Adedeji as the acting chairman of the Federal Inland Revenue Services (FIRS). Until his recent appointment, Adedeji was formerly the special adviser to Tinubu on revenue. He was a former Commissioner of Finance during the administration of later Governor of Oyo State, Abiola Ajimobi. Adedeji, a certified accountant who hails from the Iwo-Ate area of Ogo-Oluwa...
First Indigenous Chartered Accountant In Nigeria, Akintola Williams Dies At 104
The doyen of the accounting profession, Pa Akintola Williams, has passed away at the age of 104 years old. The foremost accountant celebrated his 104th birthday on August 9. Pa Williams is reputedly the first Sub-Saharan African to become a chartered accountant after he passed the qualifying examination of the Institute of Chartered Accountants of England and Wales (ICAEW) in 1949. The...
Nigeria Secures $163m Loan From AfDB To Scale Up Wheat Production — Shettima
The Federal Government has obtained a loan worth one hundred and sixty-three million dollars from the African Development Bank (AfDB) to scale up wheat production in the country. The vice president, Kashim Shettima, disclosed this in Argungu, Kebbi State where he paid a condolence visit to the Argungu Emirate, state government, and the family of a renowned Islamic cleric, Sheikh...
Nigeria Ranked 31st Most Productive Economy In 2022, Says Report
Nigeria has been ranked 31 in the list of most productive economies in 2022 based on Gross Domestic Product (GDP) according to a report. In the ranking, the United States of America came first, followed by China and Japan in the third position. Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries are...
UAE To Support Africa’s Clean Energy Projects With $4.5 Billion
The UAE has pledged $4.5 billion in a financial initiative to fast-track clean-energy projects in Africa. This is according to COP28 President-Designate Sultan Al Jaber, an announcement coming ahead of United Nations climate summit to be hosted by Dubai. “The initiative will prioritise investments in countries across Africa with clear transition strategies, enhanced regulatory frameworks and a master plan for developing...
Naira Will Become Stronger Again —Adeboye
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, says the naira will regain its strength among the league of currencies. He stated this on Saturday morning during the Church’s annual Holy Ghost Congress held at the RCCG International Headquarters along the Lagos-Ibadan Expressway. GLONAT reports that the 78-year-old cleric prayed to God to intervene in Nigeria’s...
No More Airports’ Concession, National Carrier, Aviation Minister Keyamo Declares
Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, has suspended airports’ concession and national carrier. Both airports concession and national were major projects under the aviation roadmap implemented by the immediate past administration of President Muhammadu Buhari. But speaking during a tour of the Murtala Muhammed International Airport (MMIA) in Lagos, his first tour of the busiest airport in Nigeria...
VP Shettima Calls For Equity In Distribution Of Fertilizers To Nigerian Farmers
Vice President Kashim Shettima has called on stakeholders to ensure transparency, equity and fairness in the distribution of fertilizers to farmers. He made the call on Tuesday when he met with Fertilizers Producers and Suppliers Association of Nigeria (FEPSAN) at the Presidential Villa, Abuja. Shettima said President Bola Tinubu is passionate about reducing the cost of fertilizers for Nigerian farmers as...
It Makes No Sense, Former Statistician General Fault NBS Data That Says Unemployment Has Reduced
A former Statistician-General of Federation/Chief Executive Officer of the National Bureau of Statistics (NBS), Dr. Yemi Kale, has criticised the methodology used in calculating Nigeria’s unemployment rate from 20 hours to one hour per week. This comes barely a week after the NBS released a new data that put employment at 4.1 per cent from the 33.1% it was in...
We Inherited A Bad Economy, FG Says As Tinubu Insists On 50m Jobs
The Federal Government, on Monday, said it inherited a bad economy with an unacceptable high rate of unemployment. The government also assured Nigerians that the administration of President Bola Tinubu will not rely on borrowing and that he had pledged to be transparent, honest and accountable to the people. Meanwhile, the President has promised to create about 50 million jobs through...
