UBA Foundation, the corporate social responsibility arm of United Bank for Africa (UBA) Plc, has launched a major environmental initiative, aiming to plant one million trees across Africa by 2025. This bold move positions the foundation at the forefront of the continent’s green revolution, promoting sustainability and climate action.As part of its 2024 Tree…
Oil marketers have expressed willingness to buy fuel from the Dangote Refinery if the price is favourable.The marketers however accused the refinery of not being open by not making its price list public and available for them.President of the Products Retail Outlets Owners Association, Billy Gillis-Harry and the President of the Independent Petroleum Marketers Association…
Presumptive Democratic nominee Kamala Harris is meeting Sunday with the top contenders to be her running mate, and among them are Gov. Josh Shapiro of Pennsylvania, Gov. Tim Walz of Minnesota and Sen. Mark Kelly of Arizona. Both governors are traveling to Washington for an interview with Harris, according to multiple sources familiar with the…
The Defence Headquarters has issued a warning to those mobilizing for a nationwide protest, emphasizing that while peaceful protest is a right, any form of anarchy will not be tolerated. The protest, scheduled from August 1 to August 10, 2024, is organized under the hashtag #EndBadGovernance, with claims of widespread hunger and inflation as its…
This is according to the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, at a press briefing at the end of the 296th Monetary Policy Committee (MPC) meeting in Abuja on Tuesday. Cardoso noted that the external reserves rose from $34.70 billion as of the end of June 2024 to $37.05 billion,…
Senate President Godswill Akpabio has said the newly approved minimum wage applies to all workers across both public and private sectors, including maids and other domestic staff. Akpabio Akpabio said this while passing the new minimum wage bill into law on the floor of the senate.The bill was speedily passed by both chambers of the…
The Nigerian senate yesterday passed the amendment bill of the 2023 Finance Act and increased the windfall levy on banks’ foreign exchange revaluation gains from 50% as proposed by the President to 70%. The Chairman of the Senate Committee on Finance, Sen. Sani Musa read the report of the Committee on Finance before it was…
The Federal Government of Nigeria has announced a 12.7% reduction in the allowances of Nigerian scholars studying abroad in countries like Russia, Morocco, and Algeria.The Federal Government reduces allowances for stranded foreign scholars by 12.7% due to economic hardships, affecting students in Russia, Morocco, and other countries. The cuts have sparked frustration among scholars and…
The Central Bank of Nigeria has disclosed that it is targeting a $1 trillion economy by 2030 while re-stating its commitment to ensure economic stability. The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the bank’s commitment to implementing policies that foster sustainable growth in the financial markets while ensuring…
The Federal Government’s decision to increase the minimum wage to N70,000 is a welcome development for Nigerian workers. This new wage, agreed upon after negotiations between President Bola Tinubu, organized labor, and the private sector, represents a significant improvement from the initial offer of N62,000. The journey to this point has been long and arduous,…
