One day, Veekee James had an epiphany: she was paying the salaries of over 30 people, and she was just 5 year into her fashion business. It was at that moment she realised she was an economically powerful woman. We visited Veekee James’ studio, where all the magic happens—from client consultations to designing and crafting…
Rimi College, formerly known as St. John’s College, has issued a directive to staff members residing in government quarters to vacate the premises within three weeks. This decision comes at a challenging time for Nigeria, as the country grapples with economic difficulties and high inflation rates under the current administration. The non-payment of…
Renowned economist and technology entrepreneur, Prof. Ndubuisi Ekekwe, has raised concerns about Nigeria’s worsening economic situation, citing significant declines in the country’s Gross Domestic Product (GDP) and unsustainable borrowing practices. Speaking on the current state of Nigeria’s economy, Ekekwe highlighted alarming statistics that reveal a substantial contraction in GDP over the past eight years, and…
Turaki, a Senior Advocate of Nigeria (SAN), made the call in Abuja at a book launch to mark the 59th birthday of Prof. Abubakar Sulaiman. The News Agency of Nigeria (NAN) reports that Sulaiman is the Director-General of the National Institute for Legislative and Democratic Studies (NILDS). NAN also reports that the book, entitled: ‘Introduction…
The Federal Executive Council has approved the Economic Stabilisation Bills (ESB). These bills, driven by recommendations from the Presidential Fiscal Policy and Tax Reforms Committee, chaired by Taiwo Oyedele, mark a critical step in the government’s Accelerated Stability and Advancement Plan. PUNCH Online reported Monday that President Bola Tinubu presided over the 18th meeting of…
Kenechukwu Aguolu Nigeria, once hailed for its immense potential and bright economic outlook, now finds itself ensnared in a complex and vicious cycle of challenges. The nation has long surpassed the stage of strategic drift, plunging into a state of perpetual flux. Years of ambitious plans, such as “Vision 2010” and “Vision 2020,” have yielded minimal…
Investors expect an AI economic boom to happen quicker than it likely will, Vanguard said.Getty Images; Jenny Chang-Rodriguez Investors are too optimistic about the near-term prospects of AI, Vanguard said. Firms would need to growth profit by 40% annually for the next three years to match valuations, the firm said. “This is double the annualized…
The Anglican Bishop of the Diocese of Jebba, Oluwaseun Aderogba, has called on President Bola Tinubu to take urgent steps to deal with Nigeria’s economic challenges. According to a statement made available to journalists on Sunday, Aderogba made the demand while delivering his presidential address at the third session of the Sixth Synod of the…
The Nigerian Airspace Management Agency (NAMA) has announced the suspension of its previously proposed 800% increase in navigational charges, following an intervention by Festus Keyamo, the Minister of Aviation and Aerospace Development. The decision to pause the dramatic hike, which was initially set to take effect, was communicated by Abdullahi Musa, NAMA’s Director of Public…
Following the meeting between President Bola Tinubu and the leadership of the Nigerian Labour Congress, the federal government agreed with the union to increase Nigeria’s minimum wage to N70,000. This is an increase of 133 per cent from N30,000 which has been operational since 2018. The president also promised to create a plan to assist…
