A member of President Muhammadu Buhari’s Economic Advisory Council, Bismarck Rewane, has projected that Nigeria will suffer a total Gross Domestic Product (GDP) loss of $18 million per month due to the negative effects of the Naira redesign policy of the Central Bank of Nigeria (CBN). Rewane, who is also …
Read More »2023 Federation Cup to begin May – NFF
The Nigeria Football Federation has disclosed that the 2023 edition of the Federation Cup will begin in May. The NFF revealed this in a statement at the end of its meeting on Monday night in Abuja. The 2022 edition of the competition was inconclusive and no winner was announced by …
Read More »Manufacturers spend N649bn on raw materials import
There are indications that dependence of Nigeria’s manufacturing sector on imported raw materials is increasing as the value of raw material imports rose to N649.21 billion in the third quarter ended September 30, 2022 (Q3’22). This represents a 23.9 percent Year-on-Year (Y/Y) increase against N523.97 billion the manufacturers spent on …
Read More »NYSC directs institutions to return unclaimed certificates
The Management of the National Youth Service Corps (NYSC) has instructed all institutions producing corps members to return all unclaimed exception Certificates in their custody to the NYSC headquarters on or before 15th March, 2023 According to a memo from the NYSC dated 15th December a copy of which was …
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