The Federal Government says it is discussing with the International Finance Corporation (IFC) to explore capital market and funding options in Nigeria for infrastructure development through Public Private Partnerships (PPP). A statement issued by Ifeanyi Nwoko, the Acting Head, Media and Publicity, ICRC on Sunday in Abuja, said this was the focus of a meeting…
Many federal civil servants are lamenting over the reduction in their January salaries amid lopsided implementation of the new minimum wage. The workers, who spoke to the News Agency of Nigeria (NAN) on Sunday in Abuja, complained that their January salaries did not reflect the minimum wage . A civil servant, Mr Paul Okor, said…
United Airlines said that it will be the first U.S. carrier to resume flights to Israel, the Israel Airports Authority said on Wednesday in a statement. The carrier on Tuesday had earlier announced that it will resume service from Newark’s Liberty International Airport to Israel’s Tel Aviv on March 15 and add a second daily…
Vice-President Kashim Shettima on Wednesday inaugurated the Supervisory Board of the Debt Management Office (DMO) to strengthen fiscal and monetary policy coordination of the Federal Government. The vice-president, while inaugurating the board at the Presidential Villa, Abuja, said it was part of government’s efforts to ensure long-term debt sustainability, in line with President Bola Tinubu’s…
Sen Abubakar Bagudu, the Minister of Budget and Economic Planning, has said the N4.5 trillion additional revenue in the 2025 budget would support the diversification programme of the President Bola Tinubu administration. The minister said this while speaking to State House Correspondents on Wednesday in Abuja. Bagudu said the N4.5 trillion additional revenue would be…
Google on Wednesday said it has removed a pledge from its artificial intelligence (AI) principles that had said the company would not use the technology to develop weapons. The technology giant had rewritten the principles that guide its development and use of AI which is published online, but a section pledging not to develop tech…
The European Commission announced on Wednesday an investigation into the Chinese e-commerce marketplace Shein for allegedly violating EU consumer protection rules. There is reasonable suspicion of widespread violation of the EU’s laws on unfair contract terms, price indication and unfair commercial practices, an EU official told reporters in Brussels. The probe would be carried out…
The Federal Government has expressed its readiness to deepen bilateral trade ties between Nigeria and Kuwait. The Minister of Foreign Affairs, Amb. Yusuf Tuggar, made this known in Kuwait during a working visit to the country designed to strengthen bilateral trade and investment ties between both countries. Tuggar, in a statement issued by Alkasim Abdulkadir,…
The European Commission on Wednesday announced an investigation into the Chinese e-commerce marketplace Shein for allegedly violating European Union consumer protection rules. EU official told reporters in Brussels that there is reasonable suspicion of widespread violation of the EU’s laws on unfair contract terms, price indication and unfair commercial practices. The commission said that the…
Nigeria and Garman government have expressed readiness to partner to strengthen economy and create investment-friendly policies in the two countries. Alhaji Lai Mohammed, Former Minister, Information and National Orientation, said this when a delegation from IHK Giessen – Friedberg Chambers of Commerce and Industry of Germany, paid a courtesy visit to Dr Jumoke Oduwole, Minister…
