Новости за 17.05.2023

Ari Aisen is the representative of the International Monetary Fund in Nigeria. In this interview with EDIDIONG IKPOTO, he discusses the challenges confronting the Nigerian economy and what the government needs to do to address the problems What would you say are the main factors hindering Nigeria’s economic growth? In Nigeria, we at the IMF

A Canada-based Nigerian Disc Jockey, Philip Tekeyi, aka DJ Phil Baddest, has said Nigerian DJs abroad contribute to making the nation’s music gain recognition and acceptance in the international scene. Noting that Nigerian DJs abroad had been dominating the music scene far away from home, the multiple award-winning DJ said their contribution could be linked

Bargain hunting activities on the Nigerian Exchange Limited drove up the market capitalisation by N102bn to close at N28.542tn at the end of trading on Tuesday. The All-Share Index of the local bourse which had opened on a positive note this week, gained 0.36 per cent or 188.04 base points to close at 52419.33 points

The returnees who participated in the 2022 pilgrimage to Jerusalem and Jordan have held a thanksgiving service to appreciate God for the successful journey. According to a statement issued by the state government, the service, held at Chapel of Christ The Light, Alausa, was graced by the wife of the Lagos State Governor, Dr Ibijoke

Former UFC heavyweight champion Francis Ngannou has signed a deal with the Professional Fighters League. Cameroon’s Ngannou, 36, has been a free agent since leaving the UFC in January after the two parties failed to agree on a new contract. The move represents a significant coup for the PFL, with Ngannou regarded as one of

The Federal High Court in Lagos on Tuesday struck out a suit seeking the removal of the Chief Executive Office of Seplat Energy Plc, Mr Roger Brown, over allegations of racism, favouritism of expatriate workers, discrimination against Nigerians, and breach of good governance. The suit was filed before Justice C.J. Aneke by five petitioners, namely

Nigeria needs $12bn to clean up decades-old oil spills in southern Bayelsa State over a 12-year period, a new report revealed on Tuesday, as it singled out two international oil companies, Shell and Eni, for being responsible for most of the pollution. Oil majors in Nigeria have long faced legal challenges over Niger Delta spills,

The National Chairman of All Progressives Congress, Abdullahi Adamu, has advised the party’s endorsed aspirants for the National Assembly leadership positions to be mindful of an upset during the inauguration of the 10th legislature. Adamu, during a meeting with Senator Godswill Akpabio, endorsed for the Senate presidency and Deputy Senate Presidential aspirant, Jibrin Barau, urged

A Lagos State Magistrates’ Court sitting in Yaba, Lagos on Tuesday, ordered the remand of  Afrobeat musician, Seun Kuti, for 48 hours in police custody. The police dragged Kuti to court for assaulting one Inspector Mohammed Aminu, in Lagos last Saturday as captured in a viral video. The youngest son of the late Afrobeat legend,

Nigerians spent about $3bn on foreign healthcare-related services from 2020 to 2022, according to findings by The PUNCH. The total spending for the period under review was obtained from the Balance of Payments database of the Central Bank of Nigeria. This came to the fore on Tuesday as the Nigerian Association of Resident Doctors insisted

The International Monetary Fund has said that weaker currencies in Nigeria and other Sub-Saharan African countries are pushing up public debts. This was disclosed in a blog post published on the IMF’s website on Monday. The fund noted that with an average depreciation of nine per cent since January 2022, sub-Saharan African currencies have weakened

The outgoing governor of Kano State, Dr Abdullahi Ganduje, has said his party, the All Progressive Congress, will leave Kano State for a short period of time before returning again. Ganduje made the remark while inaugurating a newly constructed road at  Kwanar Dala in the Dala Local Government Area of the state on Monday evening.

Telecommunication operators may soon begin to charge bank customers’ airtime or data for Unstructured Supplementary Service Data transactions, The PUNCH has learnt. This was due to a proposal from a Central Bank of Nigeria-led stakeholders’ forum organized to resolve the lingering billing and debt crisis between telecommunication companies and Deposit Money Banks in the country.

FCMB Group Plc has said it 500,000 new customers which pushed its customer base to 11.4 million in the first quarter of 2023. This growth, it said, reflected the Group’s commitment to delivering exceptional financial services and its ability to attract and retain a large and loyal customer base. In a statement, it disclosed this

The Pan African Scrabble Association has named the maiden edition of the African Youth Scrabble Championship after High Chief Winifred Awosika, the founder of the Winifred Awosika Foundation, for her efforts in developing scrabble in Nigerian schools. The championship is scheduled to take place from August 24 to 28 at Chrisland School, Lekki, Lagos. Awosika

The Chairman, Edo State Aquatic Association, Clement Minabowan, has expressed his association’s readiness to roll out programmes geared towards raising talents for the state and Nigeria. The former swimming champion for the defunct Bendel State said the association was ready for work, adding that they were in a hurry to place Edo water sports on

The president of the Association of Automobile Boatyards Transport Equipment and Allied Employers of Nigeria, Adekunle Jaiyesimi, has stressed the importance of the creation of a conducive business environment by the incoming administration. Jaiyesimi  said this during his speech at the 43rd Annual General Meeting of AABTEAN in Lagos and highlighted several socio-economic challenges facing

The family of a cattle dealer, Olushola Ayanshola, has been thrown into confusion after kidnappers, who abducted him along Otu-Alaga Road, in the Itesiwaju Local Government Area of Oyo State demanded N30m for his release. PUNCH Metro gathered that Ayanshola was returning from his farm around Alaga Road, close to Radio Station, Otu town, on

In partnership with First City Monument Bank, Master Card and Netplus, have launched a contactless payment solution that allows consumers, merchants, and financial institutions to process payments seamlessly using Tap on Phone. Speaking the launch on Tuesday in Lagos, the Country Manager and Area Business Head, West Africa at Mastercard. Ebehijie Momoh, said the payment

As part of efforts to develop golf as a professional sport in Nigeria, Knight Frank Nigeria, has pledged to promote the game beyond recreation by supporting tournaments which will enhance physical and mental health of golfers. This was made known during the 2023 Ladies Club Championship of the Ikoyi Club 1938 Golf which was held

The Manufacturers Association of Nigeria has said that the recent increase in excise duty for beverage and tobacco goods will force businesses to scale down operations, which will  result in factory closures, job losses, a decline in exports among others. MAN President, Francis Meshioye, stated this on Tuesday during a press conference held in Lagos

Operatives of the Rivers State Police Command have arrested five suspects, including an ex-convict and a foreigner, for allegedly belonging to a car-snatching syndicate that operates within and outside the state. They also arrested four suspects for their alleged involvement in kidnapping and other criminal activities. The state Police Public Relations Officer, Grace Iringe-Koko, disclosed

The Economic and Financial Crimes Commission has confirmed the arrest of two of its officials, Apata Odunayo and Ogbuji Tochukwu, who were allegedly involved in a scuffle that led to the death of a cadet in the Sokoto Zonal Command of the anti-graft commission, Abel Isah. The suspects were said to have been dragged before

Stakeholders in the housing sector have lauded the appointment of Minister of Works and Housing, Babatunde Fashola, as the Chairman of Shelter Afrique, claiming it would be beneficial to the sector. The minister was named the new chairman of the company at its 42nd Annual General Meeting in Abuja recently. Shelter Afrique is the only

The outgoing administration of Governor Samuel Ortom of Benue  State on Tuesday named a 9.7km road connecting Makurdi to Apir after the late Major Gideon Orkar, who was killed by a firing squad for masterminding a failed coup against the regime of Gen. Ibrahim Babangida (retd.) in 1990. Orkar, who hailed from Benue State, and