SPOTLIGHT: Meet Sandra Ejiofor, the 29-year-old champion of girl-child education in Nigeria
“We believe every woman possesses an innate ability to nurture and give substance to whatever is committed into her care. So when she’s empowered, she will not stop with herself alone but will actively seek for ways to empower others and the community at large” – Ejiofor Sandra Akunna. The above quote is […]
Daily COVID Tracker: Nigeria reports 1,584 infections as Omicron variant hits Egypt
Nigeria on Friday reported 1,584 cases of COVID-19. Here are five updates about the pandemic this Saturday. France reduces duration for COVID booster shot from five to four months France says it will reduce the duration between the second dose of the COVID-19 vaccination and the third dose from five to four […]
NIPC: Eight new companies to enjoy three-year tax holiday — total now 35
The Nigerian Investment Promotion Commission (NIPC) approved the pioneer status incentive (PSI) applications of eight companies in the third quarter of 2021. The commission said this in its PSI report published on Friday. Industries that qualify for the PSI are exempted from paying company income tax for an initial period of three […]
Omicron: Canada lifts ban on travel from Nigeria, says ‘measure has served its purpose’
The Canadian government has lifted the ban imposed on travel from 10 African countries — including Nigeria. Jean-Yves Duclos, minister of health in Canada, announced the decision at a media briefing on Friday. The development comes almost three weeks after the Canadian government banned 10 African countries — including Nigeria — over […]
Remi Babalola resigns as chairman of FBN Holdings
Remi Babalola has resigned as chairman, board of directors of FBN Holdings, two days after the company confirmed significant investment by Femi Otedola, a Nigerian billionaire. Babalola was appointed chairman, April 29, 2021, and has barely spent one year. Industry sources said the company had informed regulators about the development. FBN […]
Ahead of yuletide, naira weakens to 570/$1 at parallel market
The Nigerian naira has weakened to N570 per dollar at the parallel market ahead of yuletide. Black market traders in Lagos who spoke to TheCable on Friday put the buying price of the dollar at N565 and the selling price at N570. This represents N10 or 1.8 percent depreciation compared to the N560 […]
Oil price plunges to $73 a barrel amid Omicron uncertainties
The price of crude oil dipped on Friday amid surging cases of Omicron coronavirus variant, raising concerns that new restrictions may affect fuel demand. Brent crude futures plunged by 1.61 percent to $73.41 per barrel at 4:09 pm, while U.S. West Texas Intermediate (WTI) crude futures dipped by 1.58 percent to $70.80 a […]
Report: UAE bars Nigerian athletes from partaking in world swimming championships
The United Arab Emirates (UAE) on Thursday reportedly barred Nigerian athletes from participating in the 15th FINA World Swimming Championships in Dubai. According to PUNCH, the athletes and their representatives claimed they were denied access to take part in the competition on the order of UAE authorities. The athletes also alleged that […]
I look forward to retiring to my farm in 2023, says Buhari
President Muhammadu Buhari says he is looking forward to retiring to his farm come 2023. Buhari spoke on Friday in Istanbul, Turkey, where he marked his 79th birthday. The president, who is in Istanbul for the Turkey-Africa Partnership Summit, said he would put in his best foot forward for Nigeria until he […]
Buhari holds talks on security with Erdogan, says Nigeria ‘stands to gain’ from Turkey
President Muhammadu Buhari says Nigeria “stands to gain” from Turkey as the country seeks to overcome its security challenges. Buhari spoke on Friday at a bilateral meeting with President Recep Tayyip Erdoğan in Istanbul. According to a statement by Garba Shehu, presidential spokesperson, Buhari said Turkey has “practical experience” in dealing with insecurity. […]