FX volatility, inflation to intensify in August, says PwC Nigeria
PricewaterhouseCoopers (PwC) projects higher inflation and continued volatility in the foreign exchange (FX) market in August. In its recently released report titled ‘Nigeria Economic Outlook’, the professional services firm said petrol subsidy removal and the adoption of a managed float exchange rate system is expected to mount additional pressure on inflation. […]
Resident doctors reject FG’s N25k quarterly equipment allowance, say it’s paltry
The Nigerian Association of Resident Doctors (NARD) has rejected the approved N25,000 quarterly accoutrement allowance from the federal government. In a circular signed by Ekpo Nta, chairman of the national salary and wages commission, the federal government said it had approved the payment of an accoutrement allowance of N25,000 per quarter to medical […]
Reps: No disagreement over appointment of committee chairs
Some members of the house of representatives have commended Tajudeen Abbas, speaker of the lower legislative chamber, for “carrying all interests along” in the composition of committee chairs. The legislators, who refer to themselves as “like-minded lawmakers,” said there is no disagreement regarding the appointment of chairmanship of the standing committees announced by […]
IMF raises 2023 global economic growth forecast to 3%— but says ‘it remains weak’
The International Monetary Fund (IMF) has raised its growth forecast for the global economy to 3 percent in 2023 — up from a 2.8 percent projection in April. This is contained in the Washington-based institution’s latest world economic outlook (WEO) titled ‘Near-Term Resilience, Persistent Challenges (July 2023)’. The IMF said though the […]
Report: US issued its highest-ever student visa to Nigeria in 2022
The United States issued Nigeria and Ghana their highest-ever student visa in history in 2022, a recent report has revealed. ApplyBoard, the Canadian educational company, said more African students were awarded F1 visas in 2022 than ever before, citing data from the US Department of State. F1 visa is usually issued to […]
CSOs call for forensic audit of national social register to resolve ‘credibility’ issues
Open Alliance, a coalition of civil society organisations working to improve openness and accountability in governance, has called for an immediate forensic audit of the national social register. The call follows the concerns raised by the National Economic Council (NEC) over the credibility of the register. The register, comprising names of vulnerable […]
Newspaper Headlines: Tinubu to restructure ministries, create new ones
On today’s newspaper headlines, the Nigeria Labour Congress (NLC) leadership was reported to have walked out of Aso villa after the presidential steering committee seemed “not ready” for a scheduled meeting. Newspapers also reported that leaders of states in the ECOWAS are expected to meet in Abuja on Sunday over issues bordering on the […]
AT A GLANCE: 3 PhDs, 16 masters… Tinubu’s ministerial nominees by qualification
President Bola Tinubu, on Tuesday, transmitted a list of 28 ministerial nominees to the national assembly for screening, in time before the 60-day deadline set by a recent constitutional amendment. TheCable had reported that the nominees were selected from 25 states of the federation — excluding 11 states. An analysis by TheCable […]
‘Nigeria will give fullest support’– Shettima woos investors at Russia-Africa summit
Vice-President Kashim Shettima says Nigeria will give its fullest support to both domestic and foreign investors. Olusola Abiola, director of information, office of the VP, in a statement, said Shettima spoke on Friday while addressing political and business leaders at the second plenary session of the Russia-Africa summit in St. Petersburg, Russia. […]
‘End sit-at-home’ | ‘Fake order’ — IPOB loyalists fight dirty over Nnamdi Kanu’s letter
Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra (IPOB), has ordered an end to the weekly sit-at-home in the south-east. In a letter, posted on Twitter on Friday by Aloy Ejimakor, special counsel to Kanu, the IPOB leader asked Simon Ekpa, his self-acclaimed disciple, to desist from calling for further sit-at-home. […]