Business
FG regrets 3 yrs cotton policy - Minister
Three years after the introduction of a national cotton policy to revamp and fast-track the development of the sector, the federal government said the policy is yet to yield its desired result.
The federal government had in 2015 launched a policy on Cotton, Textile and Garment, CTG, with the ai [...]
NDIC joins Islamic Financial Services board
The Nigeria Deposit Insurance Corporation, NDIC, has been admitted as a full member on the board of the Council of the Islamic Financial Services Board, IFSB.
With the latest induction, the NDIC joins the Central Bank of Nigeria as the other Nigerian institution on the Board of the Council.
[...]Non-performing loans hits N2.24tn in Q3, investment drops by $2.66bn
Non-performing loans in the Nigerian banking industry rose to N2.245trillion at the end of the third quarter of 2018, reports from the National Bureau of Statistics, NBS, has shown.
Also in the period under review, the country’s gross loans stood at N15.861trillion, while loans (after spe [...]
FG expresses concerns on anti-corruption policies
The federal government is worried over the criticisms that trailed some of its anti-corruption and asset recoveries, insisting most of the backlash are driven by selfish interest.
Speaking particularly on attacks that followed the issuance of the Presidential Executive Order No. 6 of 2018 on th [...]
Forced subscription: Telcom subscribers lose N36bn - NCC
Approximately N36billion is said to have been illegally deducted from subscribers’ accounts by mobile operators between 2016 and 2018 alone.
An ongoing investigation by the Nigerian Communications Commission, NCC, shows that the amount was illegally deducted through forced subscriptions t [...]
Out-of-school children: fears over rising child labour
Nigeria accounts for more than one in five out-of-school children globally, and 45 per cent of out-of-school children in West Africa. Of the 11.5 million child [...]
Out-of-school children: fears over rising child labour
Nigeria accounts for more than one in five out-of-school children globally, and 45 per cent of out-of-school children in West Africa. Of the 11.5 million children out-of-school in Nigeria, [...]
FG, oil marketers agree on subsidy payment
Federal Government and petroleum marketers finally reached an agreement on how the outstanding fuel subsidy claims would be settled by the government.
The agreement was reached after a meeting held at the headquarters of the Ministry of Finance.
A statement from the Media A [...]
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