NESG/CBN and Environmental Scanning The NESG’s concerns about the direction of the Nigerian economy is not without merit. With the presence of external shocks that the government has no control over, local economists have naturally searched for policy tool remedies, and as things stand few if any has been found. The simultaneous rise in …
Author Archives: Amos Adetunji
Northern Elders join call for restructuring
The Northern Elders Forum (NEF) has supported other regional socio-political groups and prominent Nigerians calling for restructuring of the country.The presidency last week claimed that those calling for restructuring were threatening the corporate existence of Nigeria.,However, the NEF on Tuesday advised Nigerians not to be tired of demanding the restructuring of the country.The forum argued …
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UBA GMD says Excellent Service Delivery key to Customer Satisfaction
The Group Managing Director/Chief Executive Officer, Kennedy Uzoka, has said that excellent service delivery is a key ingredient towards ensuring customer satisfaction. The GMD said this in a message to mark the commemoration of the 2020 edition of the Customer Service Week, and took time out to appreciate the staff who have worked tirelessly towards …
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Downstream Sector Deregulation Will Boost Investment in Refining – Kyari
Calls for Collaboration among Downstream Players across Africa The deregulation of the downstream sector of the oil and gas industry in Nigeria will increase investment in the refining business and facilitate exponential growth in the nation’s refining capacity.This was the submission of the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele …
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Alleged N2.2bn Fraud: Fayose’s Trial Stalled As 8th Witness Fails To Show Up
The trial of the former Governor of Ekiti State, Mr Ayodele Fayose, over allegations of fraud to the tune of N2.2billion, stalled at the Federal High Court sitting in Lagos on Tuesday after a witness failed to show up. Counsel to the Economic and Financial Crimes Commission, Rotimi Jacobs (SAN) told the court that he …
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INEC MATERIALS ARRIVE AKURE TODAY
INEC Chairman, Professor Mahmood Yakubu disclosed this during at stakeholders’ meeting which held at the Dome international culture and event centre in Akure, the state capital. “This afternoon, the Central Bank will deliver all sensitive materials for the election to its Akure branch,” he said. SEE FULL STATEMENT HERE: ADDRESS BY THE HONOURABLE CHAIRMAN, INDEPENDENT …
States Generated N612.87bn as IGR in H1 2020 – NBS
The National Bureau of Statistics Published Internally Generated Revenue at State level for Half Year 2020. The 36 states and FCT IGR figure hits N612.87bn in H1 2020 compared to N693.91bn recorded in 2019. This indicates a negative growth of -11.7% year on year. Similarly, the Q2 2020 states and FCT IGR figure hits …
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IGP Vows To See FSARS Reforms Through
The Inspector-General of Police, IGP Mohammed Adamu, has reaffirmed his commitment to the ongoing reforms in the Nigeria Police Force especially as it concerns the activities of the Federal Anti-robbery Squad (FSARS) and other Special Tactical Units of the Force.The IGP made this known during a courtesy call on him by the Honourable Minister of …
NESG v CBN: Issues Deconstructed – In Praise of Contexts
Taking a cue from the arguments between the CBN and NESG on the direction of the Nigerian economy, it appears clear that in the last five years, Nigeria’s economy has bobbed and weaved between recession and modest growth as a result of external economic shocks from falling crude oil prices (in 2016) and a global …
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CBN approves new cheque standard for banks
The Central Bank of Nigeria (CBN) has approved a new cheque standard that will introduce new digit on the Magnetic Ink Character Recognition code line and expiry dates for new cheque books.This development was confirmed by First Bank Nigeria in a recent mail to its customers. Titled ‘New features on cheque books’ , FBN said …
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