The surge in electronic payment transactions in Nigeria has reached unprecedented heights, with the total volume surpassing a staggering N600 trillion in 2023. This remarkable milestone reflects a significant shift towards cashless payment methods among Nigerians, driven by the convenience and efficiency offered by digital transactions. Data released by the Nigeria Inter-Bank Settlement System (NIBSS)…
Threatening Half a Million Jobs NAFDAC (National Administration Food Drug And Control) faced huge protest by Nigerian workers, represented by the Food Beverage and Tobacco Senior Staff Association and the National Union of Food Beverages, against the recent ban on sachet alcoholic drinks imposed by the National Agency for Food and Drug Administration and Control…
Encouraging Economic Growth: NCC’s Call to Ease Tax Burden on Telecom Companies The Nigerian Communications Commission (NCC) is advocating for a reduction in taxes imposed on telecom companies, signaling a pivotal move to spur economic growth within the industry. Aminu Wada Maida, the Executive Vice Chairman of the NCC, has underscored the potential deterrent effects…
Presidential Committee Convenes Amid Soaring Living Costs Amidst the relentless rise in living expenses across Nigeria, a pivotal summit has convened within the hallowed halls of the Presidential Villa in Abuja. The focal point of this high-level gathering revolves around the imperative need for food intervention strategies, a matter of profound significance resonating deeply with…
Fr Mbaka Urges Tinubu to Address Insecurity and Hardship In a stirring address, Reverend Father Ejike Mbaka has implored President Bola Tinubu to take bold and decisive action to fulfill his electoral promises, particularly in addressing the prevalent unwaveringissues of insecurity and economic hardship plaguing Nigeria. With a heartfelt plea, Fr. Mbaka has underscored the…
Jay-Z’s Heartfelt Acceptance Speech and Tribute to Dr. Dre: OGM News– In a night filled with praise for the music industry’s finest at the Grammy Awards, Jay-Z, whose real name is Shawn Corey Carter, stood on the stage to accept an award with gratitude and humility. Expressing his appreciation for the honor, Jay-Z delivered a…
Central Bank of Nigeria Raises the Bar, $1 Million Minimum Share Capital for IMTOs The Central Bank of Nigeria (CBN) has set the bar high for International Money Transfer Operators (IMTOs) by fixing $1 million as the minimum share capital requirement. This announcement, outlined in the revised guidelines for IMTO operations, is aimed at fostering…
First Half Overview The first half of the quarter-final clash between Nigeria and Angola unfolded with both teams showcasing intense determination. Nigeria dominated possession early on, with Frank Onyeka’s blocked shot setting the tone. The match’s early physicality was evident, as Zaidu Sanusi received a cautionary foul. Angola, resilient in defense, won a free kick…
International Monetary Fund’s (IMF’s) optimistic projections for Nigeria’s inflation rate, anticipating a significant drop from 28.92% to 23% in 2024 and a further decrease to 15.5% in 2025. Daniel Leigh’s insights, crucial for policymakers and investors navigating Nigeria’s economic trajectory. Stakeholders, gear up for potential relief and a positive economic turnaround. Daniel Leigh, International Monetary…
The Nigerian Labour Congress (NLC) has revised its stance on the proposed N200,000 minimum wage, citing the intensified socio-economic challenges facing the nation. The announcement came through the National Vice President, Tommy Etim, who expressed the organization’s concern over the current economic situation. Etim highlighted the stark contrast between the circumstances when the Nigerian Labour…
