Category: Economy

Mrs. Mariam Uwais, Esq, SA to President on SIP. By Ibeawuchi Ambs Uwaleke. A cross section of Nigerians have commended President Muhammadu Buhari’s administration for the idea and implementation of the Social Investment Programme (SIP) which is impacting positively on the people irrespective of their social, cultural or religious backgrounds in the society. In a poll conducted by this Medium, a lot of them showed appreciation for the President for the laudable programme his government created to assist Nigerians…

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    House of Representatives in Plenary The House of Representatives sub-committee of the Capital Market on Regulation and Compliance has commenced probe into alleged sharp practices by some Public Limited Companies (PLCs) following plethora of petitions by shareholders in the sector. Chairman of the sub-committee, Rep. Tony Nwulu, told newsmen in Abuja that the investigation was designed to sanitise the capital market and restore investors’ confidence in the sector. According to him, over a 100 PLCs have been…

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  Mr. Ikechukwu Nweje (left) delivering his address at the retreat in Enugu… on Wednesday. Task team leader of State and Local Governance Reform (SLOGOR), and a World Bank financial expert, Mr Ikechukwu Nweje has urged state governments to amend outdated financial laws to improve their Internally Generated Revenue (IGR) and financial governance. Nweje made the call at a retreat organised for the six SLOGOR states participating in the Public Financial Management (PFM) Reforms in Enugu on Wednesday. The…

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  The senate has asked the Nigerian National Petroleum Cooperation (NNPC) to stop further payment of oil subsidies. It also asked the corporation to immediately refund the total sum of N216 billion said to have been used for subsidy payment to the consolidated revenue fund. The senate issued the orders on Thursday after adopting the recommendations of its committee that investigated the subsidy payment done without the lawmakers’ approval. The lawmakers described the payment as illegal and lacking in transparency….

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  Iran banned the use of bitcoin and other cryptocurrencies by banks and financial institutions on Monday amid ongoing debate over how best to regulate the technology. “The use of bitcoin and other cryptocurrencies in all the country’s monetary and financial centres was banned,” the central bank said in a statement overnight. It said the government’s money-laundering committee had taken the decision in late December and it was now being put into effect. The ban came because “all cryptocurrencies…

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The Ex-Militants under the Presidential Amnesty Programme have been urged to undergo  various training in the scheme to have simple talent or passion for business with a view to earning a livelihood. Facilitators at the Amnesty Empowerment Programme, Arc (Mrs) Patricia Danyil and Managing Director, Nolia Consult Limited, Charles Odemwingie Aibangbee both urged the participants undergoing training on fish farming to explore and develop their potentials to earn a livelihood. “The truth remains that one will do better if…

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