It was the end of an era as President Muhammadu Buhari stepped down on Monday from his position as the leader of Nigeria, the largest black nation on earth. At a ceremony at the Eagle Square in Abuja, his party man and successor, Bola Tinubu, took the reins to lead the country for the next… Read More »
The share of manufacturing in employment increased from 51.6% to 56.7% in the same period in the state. (Reuters/File) Total employment in Tamil Nadu has seen an upward trend recently, although it has not recovered to pre-Covid levels yet Total employment in Tamil Nadu between January-April 2022 and January-April 2023 increased considerably compared to the… Read More »
In the past few years, the Indian insurance sector has shown several markers of growing maturity. Between 2013-14 and 2021-22, the sector saw its premiums grow at an average annual rate of 11.3%. Several insurers moved up to a trajectory of steady profits. The online channel is gaining traction, and distribution and business models are… Read More »
The Union Cabinet on Wednesday approved forming and empowering an Inter-Ministerial Committee (IMC) to create the “world’s largest grain storage plan in the cooperative sector” by converging eight ongoing schemes of three ministries. The Cabinet meeting was chaired by Prime Minister Narendra Modi. Briefing the media on the Cabinet decision, Information and Broadcasting Minister Anurag… Read More »
Coal production growth declined to 9 per cent in April this year, according to the official data released on Wednesday. The core sector growth was 9.5 per cent in April 2022 The production growth of eight key infrastructure sectors slowed down to a six-month low of 3.5 per cent in April 2023 due to a… Read More »
Giving a fresh push to its ambitious plan to infuse private sector talent in its departments, the Centre has decided to recruit 17 senior officers through lateral entry mode. The Department of Personnel and Training (DoPT) has asked the Union Public Service Commission (UPSC) to induct these senior officers from the private sector in six… Read More »
RBI said an analysis of the vintage of frauds reported during 2021-22 and 2022-23 shows a significant time-lag between the date of occurrence of a fraud and its detection. The amount involved in frauds that occurred in previous financial years formed 93.7 per cent of the frauds reported in 2021-22 in terms of value. The… Read More »
It has been decades since energy took on such a central role in global affairs. Oil and gas stocks soared last year as the war in Ukraine upended the market. Now, commodity prices are tumbling again, the stocks are wobbling, and an even bigger change—a global transition to clean energy—appears to be around the corner.… Read More »
No Nigerian leader spent more time in hospital abroad than President Muhammadu Buhari’s approximately 232 days. It took him only two years in office to beat the record set by one of his predecessors and Katsina kinsman, the late Umar Yar’Adua, who spent 109 days on medical trips abroad in his 32-month stay in office.… Read More »
Eight years ago, when President Muhammadu Buhari took office, one of his promises was to diversify the oil-dominated economy by upscaling agricultural productivity through viable investments and enhancing farmers’ capacity to plug into untapped opportunities across the sector’s value chain. The new president said Nigerians should “grow what they eat, and eat what they grow,”… Read More »
James Emejo writes on the Central Bank of Nigeria’s support for the private sector of the Nigerian economy, particularly the Dangote Refinery which promises to address some of the country’s macroeconomic challenges. The recent inauguration of the Dangote Refinery has immense ramifications for the economy particularly in resetting the country’s wobbling macroeconomic indices including unemployment, inflation,… Read More »
Civil servants are more likely to work from home than anybody else – despite a push to get workers into the office. More than 44 percent of Government staff said their residence was their main place of work between January and March this year. This is the highest proportion of employees mainly working from home… Read More »
In spite of enormous challenges facing the country’s healthcare delivery system, the outgoing administration of President Muhammadu Buhari made some significant interventions in key areas, Onyebuchi Ezigbo writes It is on record that the administration of President Muhammadu Buhari rallied the other two tiers of government and the private sector to make huge interventions in the previously-neglected… Read More »
Mr. Babatunde Fashola, Minister of Works and Housing has revealed that the government cannot provide for all of Nigerians’ housing needs, hence it is necessary to foster an atmosphere that encourages private sector participation in the housing market. The minister stated this on Friday at the ministry’s headquarters at the unveiling of the National Housing… Read More »
As the Muhammadu Buhari eight-year reign ends on 29 May, Nigerians continue to reflect on the various challenges faced in the petroleum sector and how it affected their livelihood. During the electioneering period in 2015, Mr Buhari and his party, the All Progressives Congress (APC), criticised the incumbent government of Goodluck Jonathan for failing to… Read More »
The tax exemption on leave encashment for the private sector has been increased to Rs 25 lakh. The government has decided to increase the scope of tax exemption on leave encashment for the employees of the private sector. The Union Budget 2023, presented by Finance Minister Nirmala Sitharaman, included some crucial pointers for the people… Read More »
Minister of Youth and Sports Development Sunday Dare, says the sports sector will receive N80 billion in the next four years, under the federal government’s National Development Plan (NDP). Mr Dare said this in Abuja while receiving the “Outstanding Youth and Sports Minister” award, presented to him by the Executive Board of Nigeria Olympic Committee… Read More »
Kolawole Adeniji Nigeria’s economy has long been fueled by its vast reserves of oil and gas. With abundant natural resources, the nation has the potential to become a global leader in the oil and gas industry. However, to fully harness this potential and drive sustainable growth, it is crucial to ensure the efficient and effective… Read More »
NSO is scheduled to release the provisional estimate for the GDP growth for the fourth quarter as well for the fiscal 2022-23 on May 31. Icra estimates the services gross value added (GVA) year-on-year growth to have risen mildly to about 6.4 per cent in Q4 FY23 from 6.2 per cent in Q3 FY23. Domestic… Read More »
Mallam Adamu Adamu, the minister of education, admitted on Thursday that when President Muhammadu Buhari (retd) appointed him in 2015, he had no prior experience in the field. The post I had no prior experience in education sector when Buhari named me a minister — Adamu appeared first on The Guardian Nigeria News – Nigeria… Read More »
Civil Society Legislative Advocacy Centre (CISLAC) has stressed the need to strengthen mechanisms for a reformed defence and security sector. The post CISLAC seeks strengthening of mechanisms for reformed defence, security sector appeared first on The Guardian Nigeria News – Nigeria and World News. Follow Us on Google News
The Federal government has advocated sustainable collaboration with miners and gold processors in the solid mineral industry to optimize economic viability deposited in the sector. The post FG partners stakeholders in mineral resources sector to optimize revenue viability in Kano appeared first on The Guardian Nigeria News – Nigeria and World News. Follow Us on Google… Read More »
•Seeks decentralisation of TCN’s operations Emmanuel Addeh in Abuja Agora Policy, an Abuja-based think-tank, has called for the continuation and optimisation of the power sector recovery plan put in place by the outgoing Muhammadu Buhari administration. In a brief on the power sector released yesterday, the think-tank called on the incoming administration to prioritise solving the… Read More »
• Challenges govts to explore platinum, lithium, cobalt deposits for EV industry African Development Bank (AfDB), yesterday, rallied the private sector investors and various governments to opportunities in the green growth infrastructure, for sustainable development in Nigeria and other African countries. The bank, at the ongoing 2023 yearly general meeting in Sharm el Sheikh, Egypt,… Read More »
•Oil production increased to 1.51mbpd James Emejo in Abuja Nigeria’s Gross Domestic Product (GDP) growth rate slowed to 2.31 per cent (year-on-year) in real terms in the first quarter of the year (Q1, 2023) compared to 3.52 per cent recorded in the preceding quarter, and 3.11 per cent in Q1 2022, the National Bureau of Statistics… Read More »