English

Economics at tv360nigeria.com

Tuesday, Jun 25

22

ASUU Protests Nationwide, Urges Federal Government to Fulfill 2009 Agreement Promises

www.tv360nigeria.com

The Academic Staff Union of Universities (ASUU) has called on the Federal Government to honor its commitment to remove its members from the Integrated Payroll and Personnel Information System (IPPIS). Dr. Joshua Silas, Chairman of the ASUU…

Senate Commiserates Customs over demise of Deputy Comptroller

www.tv360nigeria.com

The Senate has commiserated with men and officers of Nigeria Customs Service ( NCS) over the demise of the Deputy Comptroller, Etop Andrew Essien at the National Assembly while making presentation before the House Committee on Public…

Akpabio dismisses claims of new aircraft for Tinubu, Shettima

www.tv360nigeria.com

President of the Senate, Godswill Akpabio, has dismissed claims that the Senate proposed new aircraft for President Bola Tinubu and Vice President Kashim Shettima. Akpabio, in a statement on Tuesday by his Special Assistant on Print Media,…

EFCC Justifies N10m Fine on Cubana Chief Priest, Cites Legal Authority

www.tv360nigeria.com

The Economic and Financial Crimes Commission (EFCC) has defended its decision to impose a N10 million fine on socialite Cubana Chief Priest, stating that its actions are in full compliance with Section 14(2) of its establishment act. This…

Bonny Youths Protest Against Marginalization, Shut Down Major Oil Service Companies

www.tv360nigeria.com

On Tuesday, youths from Finima in the Bonny Local Government Area of Rivers State shut down operations at two major oil service companies: Saipem Construction Nigeria Limited and Daewoo Engineering and Construction Limited. These companies…

FEC Postpones Minimum Wage Memo to Allow Further Consultations

www.tv360nigeria.com

The Federal Executive Council (FEC) has deferred consideration and deliberation on the proposed new minimum wage, enabling President Bola Tinubu to engage in further consultations with key stakeholders. This was disclosed by the Minister…

19

Rubiales: Top Spanish Court Rules Kiss Without Consent is Sexual Assault

www.tv360nigeria.com

The Spanish Supreme Court said on Tuesday that a kiss without “tacit consent” might be constituted sexual assault, only months before former football federation leader Luis Rubiales faces trial for his unwanted kiss at the Women’s World…

16

Misinformation, Fake News as Damaging as Terrorism – Minister

www.tv360nigeria.com

The Minister of Information and National Orientation, Mohammed Idris, has praised the media for its pivotal role in countering terrorism. He also cautioned that misinformation and fake news can be as damaging as terrorist acts. Speaking at…

13

Electricity consumers rise to 12.33m in Q1 2024 – NBS

www.tv360nigeria.com

The number of electricity consumers rose by 210,000 from 12.12 million in the fourth quarter of 2023 to 12.33 million in the first quarter of 2024. The National Bureau of Statistics stated in its Electricity Report for the first quarter …

NIN: World Bank Disburses $4.5m For Nigeria’s ID4D Project

www.tv360nigeria.com

The World Bank said it has disbursed a total of $45.5m to the National Identity Management Commission (NIMC) under the Digital Identification for Development (ID4D) project. According to the ‘Nigeria Digital Identification for Development…

CBN Issues IMTOs Naira Access to Boost Remittances

www.tv360nigeria.com

The Central Bank of Nigeria (CBN) has issued new measures it is currently putting in place, to boost naira liquidity and raise diaspora remittances. According to its latest circular, the apex bank said eligible International Money Transfer…

Foreign loans drive up capital importation by 19% to $330m

www.tv360nigeria.com

Increased loan inflows improved capital importation into Nigeria in January 2024 by 19 percent month-on-month, MoM, to $330 million from $280 million in December 2023. The Central Bank of Nigeria, CBN, disclosed this in its Monthly…

12

FG tackles revenue leakage, deploys Central Disbursement Solutions

www.tv360nigeria.com

In a bid to tackle revenue leakage the Federal Government, FG, is set to deploy a new revenue flow architecture known as ‘Revenue Assurance and Central Disbursement Solutions’ for its Ministries, Departments and Agencies (MDAS), as well as…

11

Dangote refinery: Operators seek FG intervention as marketers opt for fuel import

www.tv360nigeria.com

Operators in the downstream oil sector have called on the Federal Government to intervene by ensuring the provision of crude oil to the Dangote Petroleum Refinery as marketers now prefer to buy cheaper imported refined petroleum products…

Monday, Jun 24

20

JAMB to Hold Policy Meeting on July 18 to Set 2024 Admission Cut-Off Marks

www.tv360nigeria.com

The Joint Admissions and Matriculation Board (JAMB) has announced that it will hold its annual policy meeting on July 18 to determine the cut-off marks for the 2024 admissions cycle. This announcement was made in JAMB’s weekly bulletin…

13

NBS: DisCos’ revenue rose by 17% to N291bn in Q1 2024

www.tv360nigeria.com

The National Bureau of Statistics (NBS) says electricity distribution companies (DisCos) in Nigeria made a total of N291.62 billion in the first quarter (Q1) of 2024. The revenue by DisCos rose by 17.91 percent compared to the N247.33…

Nigerians Borrow ₦3.9bn As Inflation Heightens – CBN

www.tv360nigeria.com

Nigerians have resorted to loans as one of their survival strategies, as a report by the Central Bank of Nigeria, said consumer credit jumped by 12 per cent to approximately ₦3.9bn in January 2024, riding on the back of majorly heightened…

Bago calls for probe of N90b Hajj subsidy

www.tv360nigeria.com

Niger State Governor Umaru Bago has called for the review of activities of the National Hajj Commission of Nigeria (NAHCON). Bago, who called for the probe of the N90 billion subsidy paid by the Federal government for the Hajj operations,…

NLC kicks against calls for different minimum wage for states

www.tv360nigeria.com

The Nigeria Labour Congress (NLC) has opposed the call by some politicians for decentralizing minimum wage negotiations allowing states to have different minimum wages. In an interview with newsmen on Sunday in Ibadan, the Secretary of NLC…

12

NNPCL Shifts Delivery Date Of $700m Gas Pipeline To August

www.tv360nigeria.com

The Nigerian National Petroleum Company Limited (NNPCL), has shifted the delivery date for the $700m Obiafu-Obrikom-Oben gas pipeline project (OB3), from March 2024 to August. The company’s Chief Corporate Communications Officer, Olufemi…

Crude price hike: Dangote alleges IOCs frustrating refinery

www.tv360nigeria.com

Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin, has accused International Oil Companies in Nigeria of plans to frustrate the survival of the new Dangote Oil Refinery and Petrochemicals. Edwin said the IOCs…

Saturday, Jun 22

20

SEC issues guideline on banking sector recapitalization in Nigeria

www.tv360nigeria.com

The Securities and Exchange Commission has issued its Framework on Banking Sector Capitalisation Programme, 2024. The framework was released on the commission’s website on Friday. This comes following the Central Bank of Nigeria March’s…

18

Dammy Krane Drags Davido Despite Warning From Legal Counsel

www.tv360nigeria.com

Nigerian singer Dammy Krane shows no signs of slowing down as he continues to drag Davido after receiving a cease and desist letter from the singer’s lawyer. Recall that after Dammy Krane made some daring allegations against Davido just a…

German Economy Minister says EU Open for Talks on China Tariffs

www.tv360nigeria.com

Germany’s Economy Minister, Robert Habeck, said during his visit to China on Saturday that the European Union is ready to conversations about EU tariffs on Chinese goods. “What I suggested to my Chinese partners today is that the doors are…

15

Trump to Speak to Christian Group, then Court Black Vote in Philadelphia

www.tv360nigeria.com

Donald Trump, the Republican candidate for president, will address a significant gathering of conservative Christian activists on Saturday who support abortion restrictions. He will then travel to Philadelphia for a rally targeted at…

NECA urges FG to adopt alternative policies for private sector growth

www.tv360nigeria.com

The Director-General of the Nigeria Employers’ Consultative Association, Adewale Oyerinde, has encouraged the Federal Government to adopt alternative policies to foster growth and development in the private sector. Oyerinde said this…

Gambaryan Has Access to Quality Medical Care, FG Debunks US Lawmakers’ Claims

www.tv360nigeria.com

The Federal Government has debunked claims by United States lawmakers that Binance Executive Tigran Gambaryan has no access to quality medical care at Kuje prison and that his health is deteriorating. Gambaryan, who is facing charges of…

14

13 states show inflation slowdown as CBN policy takes effect

www.tv360nigeria.com

Nigeria’s monthly inflation rate has slowed for the third consecutive month, indicating the effectiveness of the Central Bank of Nigeria’s monetary policy tightening measures. The CBN highlighted this in a statement shared with Journalists…

Friday, Jun 21

19

US Supreme Court Upholds Ban on Domestic Abusers Owning Guns

www.tv360nigeria.com

The US Supreme Court has upheld a federal law prohibiting a person subject to a domestic violence restraining order from possessing a firearm. The 8-1 decision in one of the court’s most closely watched cases limited the scope of a…

16

Nigeria’s debt stock hits N121 trillion

www.tv360nigeria.com

The Debt Management Office (DMO) says Nigeria’s total public debt stock hit N121.67 trillion (91.46 billion dollars) in March. The Director-General of the DMO, Patience Oniha, said this in a statement on Friday in Abuja. Oniha said that…