Economy

  “The Nigeria Government needs to work out strategies to make available several factors of production, like stabilizing electricity distribution, making power affordable, upgrading machines and training of workers in handling sophisticated modern equipment for production, licensing and permission of land use, thereby increasing massive production of goods and services for exportation.” PEGASUS REPORTERS, LAGOS | FEBRUARY 17, 2024 The ...

  “For industrialization, Nigeria must prioritize the development of strategic industries that leverage technology and innovation to drive growth. The focus should be on areas wherein there is a comparative local advantage in terms of resource requirements, above-average technical and technology competencies, ease of development, deployment, and scaling, as well as strategic partnerships that leverage the country’s deep market opportunities.” ...

  “Our civil servants actively run private businesses during work hours. They sabotage processes in exchange for bribes. They facilitate corrupt practices by compromised officials. They barely put in a dedicated 2 hours of work daily out of the 8 hours of employment. But they expect to be fully remunerated for their inefficiencies” PEGASUS REPORTERS, LAGOS | FEBRUARY 12, 2024 ...

  “Apart from FBNH and Geregu Power, Otedola also owns shares in Zenith Bank Plc, as well as real estate assets in Lagos, Dubai, London, and Monaco. He made a re-entry into the Forbes’ Billionaires List this year, after a seven-year hiatus.” PEGASUS REPORTERS, LAGOS | FEBRAURY 4, 2024 Billionaire Mr. Olufemi Peter Otedola, CON, has been announced as the ...

  “Akambi, my boss, listen to the people. Citizens are getting angry please find a solution to this. The cost of fuel and dollar exchange rate and its scarcity. People’s salaries are not enough for them to feed. And I know that Asiwaju my boss will have mercy. People are crying, and weeping while they still lack an adequate supply ...

  The example of China serves as a reminder that even in the face of adversity, a nation can rise and transform itself. After the Opium War (1840-1842), China was gradually reduced to a semi-colonial, semi-feudal society and was subjected to terrible oppression. It went through immense humiliation, its people endured untold suffering, and the ancient Chinese civilization lost its ...

  “Forbes Daily billionaires ranking platform, which tracks daily changes to the net worth of the most high-net-worth individuals across the world, revealed that Aliko Dangote moved down to second position as his wealth decreased from $13.5 billion in 2023 to $9.5b at the beginning of 2024.” PEGASUS REPORTERS, LAGOS | JANUARY 04, 2024 South African business mogul Johann Rupert ...

  “As of Tuesday, the agency had intercepted and seized N17 billion. Within 24 hours, the commission traced and froze an additional N13 billion in some accounts, raising the cash seized to N30 billion.” PEGASUS REPORTERS, LAGOS | JANUARY 04, 2024 Reports from the EFCC say that former Humanitarian Affairs, Disaster Management, and Social Development minister, Sadiya Umar-Farouq, has failed ...

  “The agency said that the N44 billion was suspiciously moved from NSIPA’s accounts into private and corporate accounts linked to those serving as fronts. Some of the officials of the agency have been undergoing investigation.” PEGASUS REPORTERS, LAGOS | JANUARY 04, 2024 The Economic and Financial Crimes Commission (EFCC) said it has tracked N30 billion of the N44 billion ...

  “According to the MTEF, NNPC Limited received a total of N191 billion from the federation in 2023. In 2024, the company is scheduled to receive N776.45 billion, an increase of 306%. What NNPCL is expected to receive in 2024 is 393% of the statutory allocation to the National Assembly and 470% of the allocation to NJC. It is still ...