Author: Joy Gyakyor

The presidency Thursday said that President Bola Tinubu has become the first African leader to ring the closing bell at the world second largest stock exchange, NASDAQ, as part of his determination to aggressively attract foreign direct investment (FDI) into Nigeria. The National Association of Securities Dealers Automatic Quotation System based in New York City, United States is the most active stock trading venue in the America by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. Special Adviser on media and publicity to the President Ajuri…

President Bola Tinubu has told the United Nations (UN) that Africa will no longer sit and watch scavengers who ravage and oppress its people while illegally mining Gold and other precious minerals, taking them back to develop their home countries.  The President said the situation in which human rights advocacy is used by wealthy and powerful nations to stop developing economies from dealing decisively with malign actors who illicitly siphon and smuggle out the continent’s vast mineral resources while smuggling in western-made weapons was also not acceptable.  Tinubu who met the UN Secretary General António Guterres in New York on…

President Bola Tinubu on Monday engaged extensively in a bilateral discussion with the South African President, Cyril Ramaphosa, advancing his economic development diplomatic drive for investment attraction to Nigeria. The President met with the South African leader in New York ahead of the United Nations General Assembly (UNGA) where he asserted that Africa must have a consensus view that the hundreds of billions of dollars spent through International Development Finance Institutions over the years must meet the specific needs of developing democracies in Africa. Special Adviser on media and publicity to the President, Ajuri Ngelale in a statement said this was…

Lagos State Governor Babajide Sanwo-Olu Monday said that his government was making concrete arrangements to host an international technology conference next year that will bring global players in the industry to help showcase the huge potentials of the state. The governor who spoke to reporters on the sidelines of the United Nations General Assembly (UNGA) in New York, United States, said the conference will be of the standard seen in Dubai. “We are working on one or two big international conferences that we think will happen in Lagos next year. One will be one of the biggest tech shows, the…

President Bola Tinubu has appointed Mr. Stanley Nkwocha as Senior Special Assistant (SSA), on Media and Communications to serve as spokesman for the Vice President. Nkwocha who is a former General Manager and Daily Editor of Leadership Newspaper, holds a Master’s Degree in International Affairs and Strategy from the Nigerian Defence Academy, Kaduna, as well as a Bachelor’s Degree in Economics from the University of Maiduguri. A presidency source told our correspondent that Nkwocha will resume his duties any time this week. The new presidential aide began his career as a proofreader and rose through the ranks, holding various positions,…

President Bola Tinubu has approved the appointment of Dr. Olayemi Michael Cardoso as the new Governor of the Central Bank of Nigeria (CBN), subject to the confirmation of the Senate. If confirmed, Dr. Cardoso will serve for a term of five (5) years at the first instance. Special Adviser on media and publicity to the President, Ajuri Ngelale in a statement Friday said Tinubu’s action is in conformity with Section 8 (1) of the Central Bank of Nigeria Act, 2007, which vests in the President of the Federal Republic of Nigeria, the authority to appoint the Governor and Four (4) Deputy…

President Bola Tinubu has approved the establishment of a Presidential Committee dedicated to the reform of the livestock industry and the provision of long-term solutions to recurring clashes between herders and farmers in the country. Special Adviser on media and pu luxury to the President, AJuri Ngelale in a statement Thursday said the establishment of the Committee followed the submission of a report from the National Conference on Livestock Reforms and Mitigation of Associated Conflicts in Nigeria. The conference was convened by the former Executive Governor of Kano State and Chairman of All Progressives’ Congress (APC), Dr. Umar Abdullahi Ganduje. He explained that the…

President Bola Tinubu on Thursday approved the appointment of Zacch Adedeji as the new Acting Executive Chairman of the Federal Inland Revenue Service (FIRS). The President in a statement by his Special Adviser on media and publicity Ajuri Ngelale directed the erstwhile FIRS Chairman, Mr. Muhammad Nami, to proceed on 3 months of pre-retirement leave, as provisioned by Public Service Rule (PSR) 120243, with immediate effect, leading to his eventual retirement from service on December 8, 2023. “Honourable Zacch Adedeji is hereby appointed in acting capacity for a 90-day period before his subsequent confirmation as the substantive Executive Chairman of…

The United States (U.S.A) and China account for half of the world’s total indebtedness of $235 trillion, the International Monetary Fund announced saying that both countries owe put to $117.5 trillion. The monetary fund (IMF) in its global debt update, titled: Global Debt Is Returning to its Rising Trend, said, in a space of one year from 2021, global debt position rose by $200 billion to $235 trillion, equivalent of 238 per cent of the world’s Gross Domestic Products (GDP), as of 2022. IMF explained that this is nine percentage points higher than in 2019. The global financial institution laid…

Vice President Kashim Shettima will on Wednesday depart Abuja to represent President Bola Tinubu at the G77+China Leaders’ summit in Havana, Cuba from 15th to 17th September, 2023. Director of information office of the Vice President, Olusola Abiola in a statement, said the Vice President will be joining other world leaders, including the United Nations Secretary-General, Antonio Gutteres at the summit to deliberate on development issues facing members mostly from the global south. The Summit will equally explore proactive ways of addressing challenges facing the development of the member-states leveraging science, technology and innovation to enhance socio-economic growth. Abiola also…