From the extension of interest rate reductions to the Central Bank Nigeria intervention facilities, the establishment of the “Naira 4 Dollar Scheme,” acceptance of the NAFEX rate as the inter-bank benchmark rate, and the introduction of the eNaira are just a few examples of the many policies of the apex bank in 2021. In February 2021, the CBN published its Regulatory Framework for Open Banking in Nigeria, often known as the “Open Banking Framework.” Through the establishment of a single Banking Industry Application Program Interface (API) standard, the Open Banking...

The Minister of Information and Culture, Alhaji Lai Mohammed, has revealed that the digital economy sector was highly instrumental in lifting the Nigerian economy out of recession in 2021. Mohammed, who disclosed this at the weekend, said Nigeria slipped into recession in November 2020 after its Gross Domestic Product (GDP) contracted for the second consecutive quarter. He, however, said that the fourth quarter of the 2020 Report on the nation’s GDP revealed that the Information and Communications Technology (ICT) sector recorded the highest growth rate of all the sectors of...

The Economic Review for 2021 and Agenda for 2022 report of the Centre for the Promotion of Private Enterprise 2022, has stated that pressure from debt service is expected to persist in 2022 and beyond. The report signed by the centre’s Chief Executive Officer, Dr. Muda Yusuf, stated that debt service pressure is a significant downside risk of investing in Nigeria. The group also appealed to the finance minister to review the recent provisions to Tax Appeal Tribunals. The report stated that an unpredictable revenue outlook elevates the risk of...

Great honour has come to superstar actor, Enyinna Nwigwe as he joins the league of titled men in Igbo land, following his formal conferment with the title ‘Chi Turu Ugo 1’ (One Crowned by God) by the Logara community in Imo State, under the royal headship of  HRH Felix  I. Njoku, the Ogaraku II of Logara. The investiture which took place before some prominent sons and daughters of Igbo land is coming on the heels of the activities of the Enyinna Nwigwe Foundation, ENF, which the actor established to provide...

...Promises to further Prioritize Staff Welfare in the new year Oyo State Government has declared that all public schools in the State are to resume for the second term 2021/2022 academic session on Monday, January 10, 2022. The Executive Chairman, Oyo State Universal Basic Education Board, Dr. Nureni Aderemi Adeniran made the announcement during a New-Year Prayer session with staff members of the Board on Tuesday. He said the resumption date is approved by the Ministry of Education, Science and Technology, adding that the Board, in its usual practice, would...

...AS AVMS IBIKUNLE DARAMOLA, HASSAN ABUBAKAR TAKE OVER GTC, ENUGU, LOGISTICS COMMAND, IKEJA By Okosun Dennis   The Chief of Air Staff, Air Marshal Oladayo Amao, has approved the postings and redeployments of Air Officers Commanding (AOCs) and new Branch Chiefs across the service. In a statement signed by the Director of Public Relations and Information (DOPRI), Nigerian Air Force, Air Commodore Edward Gabkwet in Abuja on Tuesday, the CAS charged the officers to continually task and explore their critical thinking mindsets towards proffering workable solutions and strategies to be...

By Ikechi Enwereji   Barely some weeks after the corpse of Mr. Tordue Salem, a reporter with Vanguard Newspapers, was discovered in a mortuary at the Federal Capital Territory, Abuja following his mysterious disappearance after he closed from work, another journalist in Imo State, Prince Chibuzor Ndukwe, (55 years old) has escaped miraculously from his kidnappers' den. He was abducted from his residence, blindfolded and taken into a thick bush.  A few days later after his abductors confirmed on phone, the payment of N10m for him to be killed; he...

...TASKS SECURITY AGENCIES TO SHAME BAD EGGS AMONG THEM   The President of the National Association of Online Security News Publishers (NAOSNP), Mr. Samson Oki has called on President Mohammadu Buhari to ensure that the killings and mindless extermination of lives of Nigerians that were witnessed in 2021 should not be allowed to continue in 2022. NAOSNP also called on the Chief of Army Staff, Lt Gen Faruk Yahaya, the Inspector General of Police, IGP Usman Alkali Baba and the Commandant General of the Nigeria Security and Civil Defence Corps...

The Chief of Defence Staff (CDS), Gen Lucky Irabor has commended personnel of the Armed Forces of Nigeria (AFN) for their outstanding performance in ensuring a safe and secure country throughout 2021. The CDS gave the commendation in the spirit of the New Year celebration. Gen Irabor saluted the men and women of the AFN for their loyalty, doggedness, endurance, courage, and gallantry in keeping the nation safe and secure. Gen Irabor said that AFN troops have displayed uncommon resilience and courage in the face of danger while surmounting the...

The Honourable Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami has said the federal government has approved the extension of the deadline for the National Identification Number (NIN)-Subscriber Identity Module (SIM) data verification to March 31, 2022. This was contained in a joint statement by the Director, Public Affairs, Nigerian Communications Commission, Dr. Ikechukwu Adinde and Head of Corporate Communications, National Identity Management Commission, Mr. Kayode Adegoke, The stakeholders have applauded the Federal Government on the significant growth in the number of NIN enrolments and the increased...