Tuesday , 19 March 2024

Author Archives: NewsThumb Magz

Economic Hardship : “Be patient, we are doing everything possible to ensure that Naira is strengthened”, says Cardoso.

The Central Bank of Nigeria has called on Nigerians to be patient as the management of the apex bank is doing everything possible to ensure that Naira is strengthened. He said this at the 2024 public lecture entitled, “Recent Developments in the Nigerian Foreign Exchange Market: Issues, Options and Way Forward”, organized by the Nigerian Economic Society, NES, at the ... Read More »

Breaking : Port-Harcourt refinery begin operation by producing 2 million litres of petrol and 2.2 million litres of diesel per day

The federal government has said that the Port-Harcourt refinery would begin operation by producing two million litres of Premium Motor Spirit (PMS) otherwise known as petrol and 2.2 million litres of diesel per day. The government said this after an inspection tour of the facility along with the leadership of organised labour. Minister of State for Labour and Employment, Nkeiruka ... Read More »

Economic Hardship : TUC Opposes NLC’s Nationwide Protest. Says, we can’t participate in a One-Man Show

The Trade Union Congress of Nigeria (TUC) has disagreed with the Nigeria Labour Congress (NLC) on the call for a nationwide protest without due consultation. The TUC urged the NLC to stop taking unilateral decisions on issues of interest to the two organisations. The TUC, in a letter addressed to the President of the NLC, Joe Ajaero said it was ... Read More »

Commercial Value :Tinubu, set to release 60,000MTs of food grains to stabilise prices, Says Edun

The federal government has finalised plans to release an additional 60,000 metric tonnes of food grains to make food available and stabilize the price of foodstuff in the country. Minister of Finance and Coordinating Minister for the Economy, Wale Edun made this known in Abuja on Tuesday, February 20, at the Public Wealth Management Conference organised by the Ministry of ... Read More »

FIRSTBANK SET TO REWARD CUSTOMERS WITH 36 MILLION NAIRA IN THE SECOND SEASON OF ITS FIRSTMOBILE CASH-OUT PROMO

FirstBank has launched the second season of its Cash Out promo designed to reward users of FirstMobile, its industry-leading mobile banking solution. The FirstBank Cash Out Promo 2.0 which began on Monday, 15 January 2024, ends on Friday, 15 March 2024, and is open to new and existing customers. Leading up to the grand finale – with 1 million naira ... Read More »

UBA Takes Centre Stage at 2024 ECOWAS Mining Forum in Cotonou, Benin as Elumelu Gives Keynote Address

Our bank, United Bank for Africa (UBA) Plc, has been announced as the official sponsor of the 4th edition of the ECOWAS Mining and Petroleum Forum (ECOMOF 2024) scheduled to take place at the Palais des Congrès in Cotonou, Benin from February 22 to February 24, 2024. Our Chairman, Tony Elumelu, would also be giving the keynote address during the ... Read More »

BREAKING: Dangote, BUA and other Cement Manufacturer Agree to drop price to N7000

Cement manufacturers have agreed to bring down the price of the product to between N7,000 and N8,000 per 50kg depending on the location nationwide. During a meeting initiated by the Minister of Works, David Umahi, and attended by his counterparts from the Ministry of Industry, Trade, and Investment, including Doris Uzoka-Anite, in Abuja on Monday, February 19, efforts were made ... Read More »

Update : Forex Crisis : “Atiku got it wrong” His economic policies will hurt Nigerian More, Says Onanuga

The Presidency has said a controlled floatation of the Naira to prevent further devaluation would only return Nigeria to the economic regime of the embattled former Governor of the Central Bank of Nigeria, Godwin Emefiele. It said the policy, which saw about $1.5bn spent monthly to shore up the Naira, fueled financial malpractices such as arbitrage which hurt the economy. ... Read More »

N3.5bn Fraud : Crisis Deepens As labour party National Treasurer goes to court, demands nullification of six months suspension and compel EFCC to probe Abure

… …my signature was forged to take Party funds- Ex-Ag. national chair The last has not been heard about the crisis of confidence which has engulfed the leadership of the Labour Party over the administration of party funds. National Treasurer of the party, Ms. Oluchi Oparah, who was suspended by the Comrade Julious Abure-led National Working Committee (NWC), for six ... Read More »

$1.6 billion investment: Tinubu meets with the Brazilian president seek partnership aimed at critical sectors of the economy, healthcare, education, and agriculture

President Bola Tinubu, on Sunday, February 18, pushed the nation’s agriculture potentials on a global scale, advancing a multi-sectoral partnership with the Federative Republic of Brazil. President Tinubu made the advances during a meeting with President Luiz Inácio Lula da Silva of Brazil in Addis Ababa, Ethiopia. According to a statement issued by Special Adviser to the President on Media ... Read More »

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