Open House Archives - Page 5 of 25 - OrderPaper

Dr Samson Osagie, a Legal Practitioner and Political Economist says Tinubu should ignore IMF and other Bretton Wood Institutions because Nigerians are suffering. Recently, the Executive Board of the International Monetary Fund (IMF) rising from its Post Financing Assessment (PFA) urged the Federal Government under President Bola Ahmed Tinubu to phase out completely all forms of subsidies including electricity subsidy. It praised the President’s economic policies as capable of putting the nation on a path...

IMF, following its Post Financing Assessment (PFA), has called on the Federal Government led by President Bola Ahmed Tinubu to phase out completely all forms of subsidies including electricity subsidies. Legal practitioner, political economist, and a former Minority Whip of the House of Representatives, Dr Samson R. Osagie has urged President Bola Tinubu to ignore the recommendation of the International Monetary Fund, IMF, on subsidies. Hon. Osagie, in an open letter to the President, stated...

Following the resolution, the disconnection approval granted to MTN for the disconnection of Globacom has now been withdrawn. The Nigerian Communications Commission (NCC) has announced that the interconnect debt dispute between MTN Nigeria Communications Plc. (MTN) and Globacom Limited (Globacom) has been amicably resolved. According to a statement signed by Reuben Muoka, Director, Public Affairs, NCC, following the resolution, the disconnection approval granted to MTN for the disconnection of Globacom has now been withdrawn. Following...

CBN says the false allegation is aimed at triggering panic in the foreign exchange market and sabotaging its efforts at stabilising the Naira The Central Bank of Nigeria (CBN) has refuted allegations that the Federal Government is considering converting $30bn domiciliary deposits to Naira. According to a statement by Sidi-Ali, Hakama (Mrs.), Ag. Director, Corporate Communications, CBN, the false allegation is aimed at triggering panic in the foreign exchange market and sabotaging its efforts to...

The nation’s teledensity dropped from 115.63% to 102.30% in September, while Broadband penetration witnessed a similar drop from 45.47% to 40.85% in the same month. Nigeria has witnessed a steady increase in active voice and internet subscriptions, including a drop in teledensity as contained in the latest telecommunications statistical indicators released by the Nigerian Communications Commission (NCC), which have been adjusted to reflect the latest population growth figures and align with international best practices. The...

CBN noted that the latest amount paid to the airlines brought the total verified amount paid to that sector to $136.73 million and that all the verified airline claims had now been cleared. The Central Bank of Nigeria (CBN), fulfilling its pledge to clear the backlog of foreign exchange owed to foreign airlines in the country, has concluded the payment of all verified claims by airlines with an additional $64.44 million to the concerned airlines....