President Bola Ahmed Tinubu has secured landmark deals with the United Arab Emirates (UAE) while the visa ban on Nigerians has also been lifted. Tinubu’s spokesperson, Ajuri Ngelale, in a statement said the president and the UAE ruler, Mohamed bin Zayed Al Nahyan, on Monday met in Abu Dhabi to finalize the historic agreement which
Much of Kenya’s agricultural produce comes from smallholder farmers in rural areas, like this one in Makueni County, Kenyawho. Many do not have access to adequate cold storage facilities, which means large quantities of produce perish in outside temperatures. Farmers say this creates an urgency to sell their produce quickly and exposes them to exploitation
Nigeria’s new leader, Bola Tinubu, on Monday, presided over an inauguration ceremony for his government of 45 ministers, calling on them to boost people’s confidence as the country faces serious economic and security challenges. “The challenges we face today are enormous, yes, but amidst all these challenges, we have the opportunity to implement long-awaited reforms,”
The National Emergency Management Agency, on Sunday, said it had commenced arrangements for the distribution of 180 trucks of rice to various states as recommended by the National Economic Council. On Thursday the Federal Government announced a N5bn palliative for each state of the federation and 180 trucks of rice as part of measures to
Nigeria lost about N249bn crude oil revenue in July following a plunge in the country’s oil output by over four million barrels in the same month, latest oil production data seen on Sunday showed Data obtained from the Nigerian Upstream Petroleum Regulatory Commission indicated that while the country’s total oil production in June was 37.5
A green transition could create 8.4 million jobs for young people by 2030 according to a report by the International Labour Organization (ILO) that is being highlighted on International Youth Day. Green jobs are described as jobs that contribute to preserving or restoring the environment. In the lead-up to the SDG Summit in September, marking
The Audit Committee Institute has warned auditors and accountants to exercise caution when adopting or relying on Artificial Intelligence as a business and audit tool. This warning was issued by the Chairman of the institute, Chris Ekeigwe, in a release titled ‘Audit Perspective on Artificial Intelligence – from trust but verify to verify and verify’.
Oil marketers, on Monday, said the foreign exchange crisis in Nigeria and the recent implementation of a 7.5 per cent Value Added Tax on Automotive Gas Oil, popularly called diesel, had pushed up the cost of the commodity to between N900 and N950/litre in many states. The development has made local manufacturers say that the
The administration of President Bola Tinubu will likely spend about N187.32bn to settle debts owed to local contractors this year, according to findings by The PUNCH. The debts were listed as promissory notes in a document titled, ‘Schedule of promissory notes issued by category as at September 30, 2022’ by the Debt Management Office. According
THE widening gap between the demand and supply of dollars in the banks and at the parallel market has continued to worsen the value of the naira, findings by The PUNCH have revealed. In less than three weeks, the naira lost N100 after sliding from 860/$ to 960/$ at the parallel market as of Friday. Before the Central