Retired Brig-Gen Buba Marwa, Chairman, National Drug Law Enforcement Agency (NDLEA), has condemned the use of illicit drugs, especially Cannabis Sativa, to cook food. Marwa spoke on Thursday in Lagos at the 10th Anniversary Lecture and Investiture into the Hall of Fame organised by Realnews, an online publishing outfit. “People use drugs to prepare cookies, and pepper soup, among others. This is dangerous and condemnable,” he declared. The News Agency of Nigeria (NAN) reports that the theme of the programme is “Drug Abuse Among Youths in Africa: Implications for Nigeria Economy and 2023 elections”. He regretted that traffickers had continued…
Author: Elvis Eromosele
A report released today by the National Bureau of Statistics (NBS) says 63 per cent of persons living in Nigeria (133 million people) are multidimensionally poor. According to the report, 65 per cent of the poor (86 million people) live in the North, while 35 per cent (nearly 47 million) live in the South. Poverty levels across States vary significantly, with multidimensional poverty ranging from a low of 27 per cent in Ondo to a high of 91 per cent in Sokoto. The 2022 Multidimensional Poverty Index (MPI) Survey which was launched today in Abuja by President Muhammadu Buhari was…
The United Nations Department of Economic and Social Affairs says the global population has reached an estimated 8 billion. The UN said this in its latest World Population Prospects 2022, released on Tuesday to mark World Population Day. According to the report, more than half of the projected population is concentrated in just eight countries: the Democratic Republic of the Congo, Egypt, Ethiopia, India, Nigeria, Pakistan, the Philippines and the United Republic of Tanzania. It noted that India would surpass China as the world’s most populous country in 2023. The global population is growing at its slowest rate since 1950, having fallen…
Money Deposit Banks (MDBs) operating in Nigeria have sacked a total of 1, 982 staff to save the cost of day-to-day operations as their profit margin declines. A report by the National Bureau of Statistics (NBS) indicates that the staff strength of banks in the first quarter of 2021 stood at 94,681, inclusive of executive, senior, junior, and contract staff. The report states by the second quarter of 2021, the number of staff in banks decreased to 92,780 and further decreased to 92,699 in Q3 2021. However, the NBS stated that Q4 2021 recorded a staff strength of 93,090, indicating…
The United States has announced the sum of $50 million as for the 2023 general elections in Nigeria. The budget will cover the training of journalists, Civil Society Organisations (CSOs) and technical assistance among others to ensure a transparent exercise. US Consul General, Mr Will Stevens announced this on Monday in Ibadan capital of Oyo State during an open session of an election reporting workshop for journalists organised by West Africa Broadcast & Media Academy (WABMA). He noted that the US government has been working closely with partners through US Agency for International Development(USAID) to ensure that every vote counts.…
The House of Representatives has urged the federal government to make an urgent request for supplementary budget of N100 billion or more for Ecological Project Office, EPO, as intervention fund to execute the programs of the agency nationwide. It also mandated its Committee on Appropriation to make provision of N200 billion in the 20023 appropriation year, for the Ecological office in the Presidency for flood preparedness, mitigation, response, recovery and relieve packages. It equally asked that N5 billion be released into the already created special ecological fund account of each state of the federation and FCT to mitigate the effect…
Moneytronics Microfinance Bank Limited has expressed commitment to support government initiatives to drive financial inclusion and contribute to economic growth. The bank expressed the assurance in an event to mark 30 years of supporting businesses and economic activities in Nigeria with loan facilities. Speaking at the event, the Managing Director of Moneytronics, Ndubuisi Okoli, said the bank was committed to supporting all government initiatives on financial inclusion and also driving the economic development of the country. “The wider spread of clientele and areas of operation has been achieved through the deployment and extensive use of technology,” he said. The banks…
Two bank stocks – Access Bank and Sterling Bank Plc –drove activities in the financial service sector of the Nigerian Exchange Limited (NGX) last week. With the development, the financial sector maintained its dominance in volume terms with 859.019 million shares valued at N6.7 billion traded in 8,157 deals, contributing 78 per cent to the total equities turnover. Specifically, trading in the top three equities namely Access Bank, Sterling Bank Plc and Transcorp accounted for 577.512 million shares worth N2.761 billion in 1, 132 deals, contributing 52.44 per cent to the total equity turnover volume. Following the banking sector in…
Brand Journalists’ Association of Nigeria (BJAN) has announced Chief Executive Officer, Nitro 121, Lampe Omoyele as Keynote Speaker, alongside Chief Executive Officer, Association of Advertising Agencies of Nigeria (AAAN), Kemi Fabusoro, Emeka Obia from Publicis Groupe/Redefini, CEO ID Africa, Femi Falodun, Oluwarantimi Olaniyan, Business Lead Quadrant MSL, Chineze Amanfo, Lead Public Relations Lead 9Mobile, Nelson Ochonogor, Founder/CEO Digiculture, Nigeria, as part of panelists at her marketing conference this year. The 2022 edition, which is the 10th anniversary in the series, is scheduled for November 25, at Oriental Hotel, Victoria Island, Lagos. The event, according to the body of journalists covering…
With the theme ‘Partnership Beyond Borders’ FBNBank UK, a subsidiary of FirstBank Group on Friday in London, the United Kingdom celebrated its 40th anniversary. Delivering his welcome address to the dignitaries and guests present, Sam Aiyere, Chief Executive Officer, FBN Bank UK Ltd said “since its establishment, our Bank has demonstrated an unmatched dexterity, serving as a gateway connecting international markets in Africa, Europe and the rest of the world to the finest financial services solution that the UK has to offer. Through its office in the UK and the Paris Branch, our Bank has continued to facilitate international trade…