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Economics at newtelegraphng.com

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03

Firm Expands Asset Ownership In Africa With Flex Programme

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Lagos-based proptech firm, Abode Assets, has reaffirmed its commitment to transforming asset ownership in Africa, announcing significant progress with its Flex programme. In a statement by its Co-founders, Jeffrey Itepu and Damilare…

Reps Okay Bill To Create Nigerian Solid Minerals Communities Devt Commission

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The House of Representatives yesterday passed for second reading a bill to establish the Nigerian Solid Minerals Communities Development Commission. The bill, jointly sponsored by Anamero Dekeri, Abubakar Hassan Nalaraba, Akarachi Etinosa…

02

Rudy Giuliani Disbarred Over False 2020 Election Claims

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Rudy Giuliani was disbarred yesterday following years of legal trouble from false claims he made after the 2020 election. An appeals court in Manhattan handed down the decision to strip Giuliani, a former presidential advisor, New York…

Biden Says Court Verdict On Trump Undermines Rule Of Law

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Joe Biden has described as a “dangerous precedent” a Supreme Court ruling giving former President Donald Trump partial immunity from criminal prosecution. The current US president said the judgement undermined the “rule of law” and was “a…

Bill To Create Etiti State In South East Passes First Reading

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A bill seeking to alter the 1999 Constitution (as amended) to create Etiti State in the South East yesterday passed through the first reading at the House of Representatives. The sponsors of the bill are Amobi Ogah, Miriam Onuoha, Kama…

Reps Seek Probe Of Alleged Intimidation, Extortion By Security Personnel At PH Airport

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The House of Representatives has urged the Ministry of Aviation and Aerospace Development to promptly launch an investigation into allegations of recurring incidents of harassment, intimidation, and extortion of international passengers by…

Kingibe/Wike Feud: Akpabio Backs FCT Minister, Condemns Senator’s Outburst

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The Senate President, Senator Godswill Akpabio, yesterday, threw his weight behind the Federal Capital Territory (FCT) Minister, Nyesom Wike, condemning Senator Ireti Kingibe over her outburst against the minister. Kingibe, the Senator…

NNPC Ltd Declares State Of Emergency On Crude Oil Production

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The Nigerian National Petroleum Company Limited, (NNPC Ltd) has declared a state of emergency on production in Nigeria’s oil and gas industry. This is a move towards increasing Nigeria’s crude oil production and growing its reserves. These…

Food Security: Reps Seek Mechanised Agric Revolution To End Hunger

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The House of Representatives on Tuesday urged the Federal Government to collaborate with State Governments to address the current food insecurity in the nation through a mechanised agricultural revolution. The resolutions were consequent…

CBN To Banks, Others: Don’t Reject Old, Lower Dollar Denominations

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The Central Bank of Nigeria (CBN) has again threatened to sanction Deposit Money Banks (DMBs) and other authorised foreign exchange dealers that reject old series and lower denominations of the United States dollar. In a circular posted on…

Dollar: Again, CBN Threatens To Sanction Banks Over Rejection Of Old Denominations

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The Central Bank of Nigeria (CBN) has again threatened to sanction deposit money banks (DMBs) and other authorised foreign exchange dealers that reject old series and lower denominations of the United States dollar. In a circular posted on…

Food Security: EU, ECOWAS Unveils Digital Agribusiness Platform In Nigeria

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The European Union Delegation to Nigeria and ECOWAS on Tuesday unveiled a digital platform said to have been developed to help in increasing private sector investment in the country’s agribusiness. This platform was also said to have been…

Senate Moves To Decriminalise Non-Use Of NIN

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The Senate, on Tuesday, took further steps to bring to reality its proposal to decriminalise non- use of National Identity Number (NIN) by Nigerians. Accordingly, the apex legislative Chamber passed for second reading of the bill for the…

Supreme Court Upholds Dethronement Of Lagos Monarch

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The Supreme Court has dismissed an appeal filed by Micheal Onakoya, challenging his dethronement as the king and Orijeru of Igbooye land, Epe, Lagos. The apex court ruled that the appeal was filed out of time, making it incompetent. In a…

01

Blessing CEO Calls Out Tunde Ednut, Dares Him To Step Foot In Nigeria

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Popular relationship expert, Blessing Okoro, better known as Blessing CEO, has alleged that controversial blogger, Tunde Ednut, hasn’t set foot in Nigeria in years because he is running from crimes he committed before fleeing the country.…

Tuesday, Jul 2

22

Gombe Gov Inspects Ongoing 4.5km Ashaka-Jalingo-Gari Road Network Project

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Governor Muhammadu Inuwa Yahaya has inspected the ongoing 4.5KM Ashaka-Jalingo-Gari road network project in Funakaye Local Government Area of the state. The project, which is part of Governor Inuwa’s ambitious Network 11-100 initiative,…

Eurocham Nigeria Receives €300,000 Grant From EU

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Committed to fostering strong economic and commercial ties with Nigeria, the European Union (EU) and Eurocham Nigeria (The European Business Chamber) have signed a €300,000 grant agreement to further develop the Chamber. The funds would be…

20

Ododo Hails Tinubu For Appointing Sheidu Executive-Secretary NPTF

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Governor Ahmed Usman Ododo of Kogi State has praised President Bola Tinubu for appointing Mr Mohammed Sheidu as Executive Secretary of Nigeria Police Trust Fund (NPTF). The governor in a congratulatory message to the new NPTF boss which…

17

First Year: Reps Introduced 1,351 Bills, 679 Motions, Passed 89 Legislations – Abbas

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The Speaker of the House of Representatives, Hon. Tajudeen Abbas, has disclosed that the Green Chamber introduced a total of 1,351 bills and successfully passed 89 of them in its first legislative year. He said that 679 motions were…

16

Eno Moves To Renovate Akwa Ibom Assembly

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Akwa Ibom State Governor, Pastor Umo Eno, has moved to give a facelift to the State House of Assembly Complex in his determination to ensure that the lawmakers and staff work in a very conducive and safe environment for optimum…

FG Clears $850m Debt To EU Airlines

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The Federal Government of Nigeria has cleared a backlog of debts amounting to $850 million owed to European airlines. This development was announced by the European Union Ambassador to Nigeria and ECOWAS, Samuela Isopi, during the 9th…

FDIs: Capital Importation Rises By 198.06% To $3.37bn

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The volume of investment inflows into the country increased substantially in the first quarter of 2024, with total capital importation peaking at $3.37 billion, higher than $1.13 billion recorded in Q1’23, National Bureau of Statistics …

BPE To Prioritise Power Project Optimisation For Economic Growth

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Bureau of Public Enterprises (BPE) has listed key transactions to be optimised in order to accelerate value addition and economic growth. The Director General of the bureau, Mr. Ayodeji Ariyo Gbeleyi, said he would prioritise optimisation…

13

Biden Blasts Landmark S’Court Ruling On Trump Immunity

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President Joe Biden on Monday warned that the United States Supreme Court’s landmark ruling on presidential immunity sets a “dangerous precedent” that Donald Trump would exploit if elected in November. The conservative-dominated high court…

Outrage, Allegations Of Foul Play Trail Karu Market Fire

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Background Karu Market is one of the busiest commerce and trade centres located in the Abuja Municipal Area Council ( AMAC) if the Federal Capital Territory. The market is as old as the Karu community itself and had passed through several…

12

Alleged N6.9bn Fraud: Fayose Didn’t Personally Make Any Financial Transactions — Witness

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A prosecution witness, Abubakar Madaki, yesterday told the Federal High Court Lagos that former Ekiti State Governor Ayodele Fayose, did not personally make any of the financial transactions relevant to the charge before the court. He said…

Dangote Fuel: Marketers Fear High-Priced Petrol Ahead Of Supply

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As Dangote Petrochemical Refinery is set to hit the local market in two to three weeks, with its Premium Motor Spirit (PMS), otherwise known as petrol or fuel, petroleum marketers have expressed the fear that the product’s price may be…

10th House: X-raying Abbas’ Leadership

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The 10th House of Representatives under the leadership of Hon. Tajudeen Abbas clocked one year on June 13. PHILIP NYAM writes on the performance of the Green Chamber in its first year The first session of the 10th National Assembly in the…

FG Terminates Contracts With Construction Firms For Non-Performance

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The Federal Ministry of Works has terminated contract numbers 6136, 6137 and 6138 with Mothercat Limited, Dantata & Sawoe Construction Limited and RCC Limited, respectively. The projects affected by this termination are the dualisation of…

Importance Of Collective Action To Address Damaging Effects Of Greed

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In a recent post titled: “The Impact of Greed on Societal Structures and the Call for Collective Action,” I emphasised the urgent need for collective action to address the damaging effects of greed on societies. This call has gained global…