Sunday, November 24, 2024

Business News Today

Senate Refutes Obasanjo’s Claims on National Assembly Self-Determined Salaries

The Nigerian Senate has said that former president Olusegun Obasanjo's claims that lawmakers set their own salaries or get special money from the Presidency are not true.  Senate Spokesman, Senator Yemi Adaramodu, released a statement on the Senate’s X...

Lagos State Government Collaborates with U.S. Institute to Boost Project Management Efficiency

The Lagos State Government has teamed up with a U.S. group called Project Management Institute (PMI) to make project work better in 45 different state offices. Governor Babajide Sanwo-Olu watched the signing...

Senate Approves Bill to Raise Ways and Means Borrowing Limit to 10% of Federal Revenue

On Wednesday, the Senate and the House of Representatives approved a bill that lets the Central Bank of Nigeria (CBN) offer more loans to the Federal Government.The Senate increased the loan limit from 5% of the government's revenue to...

New PenCom Director-General Takes Office Amid Appointment Controversy

The National Pension Commission (PenCom) has a new Acting Director-General named Omolola Oloworaran. PenCom said she got this appointment following Section 26 (1) of the Pension Reform Act 2014. She is the...

U.S. Consulate in Lagos and Embassy in Abuja to Switch Visa Services Provider Starting August 26

The U.S. Embassy in Abuja and the U.S. Consulate General in Lagos will switch to a new company for visa services starting on August 26, 2024. This means changes in how nonimmigrant visa applications...

Essential Visa Categories for Nigerian Students Planning to Study in France

France has three visa categories for students who want to study there. Nigerian students who want to study in France need to decide if their program is short, medium, or long-term. The long-stay visa for...

EFCC Re-strategizes to Curb ‘Dollars Outflow’ from Nigeria and Other Issues – Olukoyede

The head of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, said that their team is changing their plans to stop money crimes in Nigeria. ...

Germany Issued 80,000 Work Visas in the First Half of 2024

From January to June 2024, Germany gave out 80,000 work visas. Half of these, about 40,000, went to skilled workers. This was 3,000 more than in the first half of 2023. Schengen.News reported that Germany is giving out more work...

Nigeria Aids in Seizure of $1.6 Billion Worth of Illicit Drugs and Chemicals Across 31 Countries in Two Months – Interpol

The International Criminal Police Organization (Interpol) has caught a huge amount of illegal drugs and chemicals. They found 615 tonnes worth $1.6 billion in 31 countries.Interpol shared this news on their website on July 30, 2024.The operation, called "Lionfish...

Nigerian Meteorological Agency Forecasts Intense Rainfall in Major Cities Nationwide

The Nigerian Meteorological Agency (NiMet) says there will be thunderstorms and rain across the country from Monday to Wednesday. NiMet shared this weather forecast on Sunday on its official website. The states that will see...
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Nigeria's population could rise to 450 million by 2050: experts

Experts have expressed concern about the possible increase in Nigeria's population, which could reach 450 million by 2050 if...
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