BUSINESS
UAE Offers Doctors, Students 10-year Golden Residency Visa
The United Arab Emirates said Sunday it will grant all doctors and infectious disease experts living in the country a 10-year visa, who are helping to combat the coronavirus pandemic. Foreigners in the UAE, like most Gulf countries, are generally only given limited residence visas tied to their current employment, and long-term residency is difficult to obtain. But to attract wealthy...
BREAKING: Bitcoin Passes $40,000 For First Time
The price of leading cryptocurrency, Bitcoin, has reached a record $40,000 just hours after it sold for $38,000. The progress began in December 2020 when it broke the $19,783 price it recorded in 2017. While bearish traders expected that the December rise would drop in no time, Bitcoin continued to rise in value with a growth of 13.45% over the last...
N13.58trn 2021 Budget: FG To Borrow N5 Trillion
The Federal Government on Tuesday disclosed its plans to borrow at least N4. 987 trillion to finance its N13.58 trillion 2021 budget. The amount according to Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, at the 2021 budget breakdown webinar is part of the N5.196 trillion budget deficit built into the budget. This, however, is aside from the planned...
FG Rejects Proposal To Fix Ports’ Scanners With N753m
There is an indication that the five faulty scanners at the Apapa ports have been abandoned as the Federal Government rejects proposal to repair them at a cost of N753 million. This development, Vanguard Maritime Report learnt, comes at the backdrop of the move by the government to acquire 300 new scanners at the cost of N688.6 billion as recently...
Banks Will Soon Restore MTN Services – Minister
Minister of Communications and Digital Economy, Isa Pantami, has waded into the trade dispute between commercial banks and mobile network operator, MTN Nigeria. Pantami, in a tweet late Friday, wrote, “On the fallout between @MTNNG and some banks on USSD services today, I engaged with both regulators, the Governor of @cenbank and EVC @NgComCommission. “We have reached an advanced stage of...
NDDC Board: Tompolo Withdraws Ultimatum, Calls For Peace
Ex-militant leader, Chief Government Ekpemupolo (alias Tompolo) has endorsed the outcome of a consultative meeting between traditional rulers from the Niger Delta, Delta State Government, the Ijaw National Congress (INC) and the Minister of the Niger Delta Affairs, Senator Akpabio. The meeting, which held at the traditional headquarters of the Gbaramatu Kingdom, Oporoza town, last Thursday, also had in attendance...
FG Set To Give 98,000 Nigerians Interest-Free Loans — Umar-Farouq
The Federal Government says it has concluded plans to give interest-free loans to 98,000 beneficiaries of its Government Enterprise and Empowerment Programme 2.0 nationwide. The Minister of Humanitari...
Ruble Up Against Dollar, Euro As Foreign Currency Trading Starts On Moscow Exchange
The ruble strengthened against the dollar and the euro as foreign currency trading started on Moscow Exchange on Monday compared with previous closing. As of 10:20 am Moscow time, the dollar exchange rate was down by 1.29% at 63.71 rubles, while the ...
FG Fixes Date For Resumption Of Abuja-Kaduna Train Services
The Abuja-Kaduna train service will resume on May 23, the Federal Government said on Monday. Train services had been suspended on the route after terrorists attacked a train, fatally shot several persons, and abducted scores of passengers in March. M...
You Can’t Receive Our Revenues Again, Soludo Tells Parks, Market Executive
Governor of Anambra State, Chukwuma Charles Soludo has banned all markets and parks executives from collecting revenue in the state for the government. In a statement issued by the Press Secretary to the governor, Christian Aburime on Thursday, Solud...
