Ibrahim Shelleng News Today

Tinubu Appoints Nkiruka Maduekwe As NCCC DG

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said the framework, which consists of seven cardinal pillars, would also guide other similar investments in the country.

James Emejo Analysts yesterday backed the views of the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, that the country may record significant strides within the next three years in current efforts to reposition the agricultural sector for greater growth. Emefiele, had during the recent inauguration of the maiden integrated farm estate established by the National Agricultural Land Development Authority (NALDA) in Daura, Katsina State, expressed optisimism that the combined e...

UK to provide digital, financial support for Nigerian farmers The Punch Published 20 July 2021 Commonwealth Farmers, a UK-based data management firm with goals of providing business solutions for agricultural markets especially in Africa, has announced plans to partner with the South West Farmers Association of Nigeria to provide digital and financial support for Nigerian farmers. This was disclosed in a meeting with the UK Department of International Trade at the British Consu...

By James Emejo in Abuja and Nume Ekeghe in Lagos Analysts yesterday threw their weights behind the recent recommendation by the Presidential Economic Advisory Council (PEAC) to President Muhammadu Buhari for an end to fuel subsidy. They said in separate interviews with THISDAY that petrol subsidy removal was long overdue. The analysts described the state of the Nigerian economy as currently weak, adding that this could be worsened by payment of subsidy claims, especially given the malpractices ...

Opening Business The government must ensure that the right investment policies are created and clear all obstacles towards ensuring that both local and international investors don’t just express passing interest in the economy but back investment announcements with action. James Emejo writes Executive Secretary, Nigerian Investment Promotion Commission, Ms Yewande Sadiku, recently at the quarterly media interactive session, stated that investors had shown their willingness to invest a tota...

But for the timely intervention of the Central Bank for Nigeria in the avoidable board squabbles at First Bank of Nigeria, the relative confidence and stability observed in the banking system in recent times would have been seriously shaken. James Emejo writes It all began with the news that the erstwhile Board of Directors of First Bank of Nigeria Limited, which was chaired by Mrs. Ibukun Awosika, had approved the appointment of Mr. Gbenga Shobo to succeed Mr. Adesola Adeduntan as the new Mana...

Godwin Obaseki In this piece, James Emejo, chronicles the recent controversy surrounding the alleged printing of currency by the federal government to support the economy Edo State Governor, Mr. Godwin Obaseki, last week, stirred a costly controversy when he claimed that the federal government has had to resort to printing of currency to augment shortfall in revenue. The governor had, during the Edo State transition committee stakeholders engagement last Thursday, tried to warn about the conseq...

ECONOMY Apart from the huge economic distortions arising from the COVID-19 pandemic, the federal government must address inherent impediments to foreign trade as well as boost agricultural exports, writes James Emejo The COVID-19 continues to exactly its toll on the Nigerian economic landscape with several impairments. Nigeria’s relapse into a second recession last year – and its sudden exit from the downturn is still being debated – with the pandemic blamed for the travails. Only last...

James Emejo aggregates analysts’ perspectives on Nigeria’s recent exit from recession and concludes that more efforts are required by the fiscal and monetary authorities to strengthen recovery in subsequent quarters Perhaps, it was no music to the ears to many when the country’s economic managers projected last year that the country’s second consecutive economic recession which happened in the third quarter, would be short-lived. This is understandably so because the slow pr...