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Lagos, Oct. 31, 2024 – MTN Nigeria reported an after tax loss of N514.9 billion loss in its operation in the first nine months of 2024. This was reported in the company’s unaudited results for the nine months ended Sept 30, 2024 released on Thursday. The company has also reported a N15.0 billion after tax  loss in the same period las year. It attributed the loss to the steady depreciation of the naira which had increased its foreign currency-denominated obligations. The loss impacted negatively on the company’s earnings and shareholders’ …

Lagos, Oct. 30, 2024 – Seventeen young Nigerian girls trafficked to Ghana have been rescued and repatriated back to the country while five traffickers were equally arrested. This latest rescue operation brought to 130 girls repatriated back to Nigeria from Ghana alone since July 2024. This was sequel to the combined and coordinated efforts of the Ghanaian Anti-Human Trafficking Police, Nigerians in Diaspora Organisation (NIDO) Ghana, and the Nigerian High Commission in Accra. Speaking on this latest efforts, Hon. Abike Dabiri-Erewa, Chairman/CEO Nigerians in Diaspora Commission (NiDCOM), expressed her gratitude to Nigeria’s …

Abuja, Oct. 28, 2024 – The federal government is to redesign the federal civil serve logo. This was made indicated by a circular issued by the Office of the HSCF and made available to newsmen in Abuja on Monday by the Head, Information and Public Relations, Eno Olotu. According to the circular, the redesign of the logo is an important step in aligning with the current reforms outlined in the Federal Civil Service Strategy and Implementation Plan 2021-2025 (FCSSIP25). The Office has accordingly itemised the eligibility criteria that would guide …

Washington D.C., Oct. 27, 2024 – Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), says Nigeria is committed to growing its monthly foreign remittances inflow to $1 billion within the shortest possible period. Cardoso told journalists in Washington D.C. on Saturday that this was the main issue of discussion during a meeting with Intranational Money Transfer Operators (IMTO) on the sideline of the ongoing Annual Meetings of the IMF and World Bank. “Our team held productive discussions with leading IMTO when they collectively committed to growing remittance …

Abuja, Oct.  26, 2024 – The Tinubu Media Support Group (TMSG) has described the approval of the previously stalled Seplat/ExxonMobil divestment deal and other related agreements as clear proof of the Tinubu administration’s readiness to push Nigeria’s crude production capacity to an all-time high of four million barrels a day by 2030.  In a statement signed by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo, TMSG said the deal was in fulfillment of the President’s October 1 pledge to complete the process as soon as possible to boost the country’s oil …

Abuja, Oct, 25, 2024 -The Democratic Front (TDF) says the monetary policy of the Central Bank of Nigeria (CBN) under Olayemi Cardoso is yielding desired results. The group gave made the observation in a statement signed by its Chairman, Mallam Danjuma Muhammad and Secretary, Chief Wale Adedayo. The statement reads: “We commend efforts made so far by the Governor of Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on the sweeping reforms in monetary policies, which have significantly impacted Nigeria’s economy. “Our position is predicated on the latest edition of …

Abuja, Oct. 23, 2024 – President Bola Tinubu has scraped two ministries in a cabinet reshuffle announced on Wednesday. The decision was taken at the Federal Executive Council (FEC) meeting.  The affected ministries are the Niger Delta Ministry and the Ministry of Sports Development Bayo Onanuga, the Presidential Spokesman, announced this in a statement on Wednesday. “There will now be a ministry of regional development to oversee all the regional development commissions such as Niger Delta Development Commission, North West Development Commission, South West Development Commission and North East Development …

Washington, Oct. 23, 2024, 2024 – The International Monetary Fund (IMF) lowered its global growth forecast for next year and warned of accelerating risks from wars to trade protectionism, even as it credited central banks for taming inflation without sending nations into recession. Global output will expand 3.2%, 0.1 percentage point slower than a July estimate, the IMF said in an update of its World Economic Outlook released on Tuesday. It left the projection for this year unchanged at 3.2%. Inflation will slow to 4.3% next year from 5.8% in …

Abuja, Oct 11, 2024 – The Tinubu Media Support Group (TMG) has described the 360% growth in Foreign Portfolio Investment (FPI) achieved by Nigeria in the first half of 2024 as worth celebrating. The group, in the statement signed by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo, said the quantum leap in FPIs from $756.1 million in the first half of 2023 to $3.48 billion recorded in the same period in 2024 is a testament to the efficacy of the Tinubu business-friendly policies. TMSG said: “The latest report by the …

Lagos, Oct. 10, 2024 – Abubakar Garima, the National President of the Independent Marketers Association of Nigeria (IPMAN), has blamed the NNPC for the new high prices of petrol across the country. Garima made the blame while speaking on Channels Television programme  “Sunrise Daily” on Thursday.  He said while Dangote Refinery was selling refined petrol to NNPCL at between N800 and N900 per litre,  the NNPCL was demanding N1,010 per litre from marketers in Lagos. Garima said the main challenge of the marketers was how to recover their over N15 …