Collins Olayinka

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Articles

CBN may appoint 16 new directors

1 month ago | guardian.ng | Collins Olayinka |Jimisayo Opanuga

By Collins Olayinka 04 March 2025 | 8:55 pm There are indications that the Central Bank of Nigeria (CBN) may appoint 16 new directors soon. It was gathered that the appointments may have received the go-ahead from the board of the apex bank. Those on the list include Abdullahi Hamisu, who is designated to man the Banking Services Department, while Ojomu Adenike Olubunmi is… There are indications that the Central Bank of Nigeria (CBN) may appoint 16 new directors soon.
FRCN proposes new code to tackle public service corruption

1 month ago | guardian.ng | Collins Olayinka |Jimisayo Opanuga

The Financial Reporting Council of Nigeria (FRCN) is planning to introduce the Nigerian Public Sector Governance Code to enhance trust, boost efficiency, and curb corruption in the public sector.
Labour threatens nationwide protest over telecoms, electricity tariff hikes

1 month ago | guardian.ng | Adeyemi Adepetun |Collins Olayinka

• NLC, NUEE reject reclassification of electricity consumers • Telcos unaware of NLC’s 35% tariff slash, claims no NCC directive Nigeria Labour Congress (NLC) has directed all its affiliates to be on the alert for mass action if the Federal Government implements the telecommunication services tariff contrary to the terms agreed by the 10-man committee. It also warned that any attempt to reclassify electricity consumers by the Nigerian Electricity Regulatory Commission (NERC) would be resisted.
NLC, NUEE reject reclassification of electricity consumers

1 month ago | guardian.ng | Collins Olayinka |Oluyemi Ogunseyin

Any attempt to reclassify electricity consumers by the Nigerian Electricity Regulatory Commission (NERC) will be resisted, the Nigeria Labour Congress (NLC) has said. The National Union of Electricity Employees (NUEE) has also rejected the planned reclassification. Acting General Secretary of NUEE, Dominic Igwebike, stated this in a statement issued on Sunday, saying the migration of consumers is not acceptable.
Naira, price stability and MPC’s new policy direction

1 month ago | guardian.ng | Collins Olayinka |Helen Oji

Exchange rate and price stability are key considerations for halting the three-year-long monetary tightening. But in this report, COLLINS OLAYINKA and HELEN OJI consider how the recent decision will smoothen out the entrenched pricing crisis in the near to medium-term. In May 2022, the MPR moved to 13 per cent up from 11.5 per cent. By the end of 2023, the monetary policy rate (MPR) stood at 18 per cent following adjustments.
CBN adopts cautious approach to rebased inflation, upholds parameters

2 months ago | guardian.ng | Collins Olayinka |Helen Oji

We’re still studying data, says CardosoDespite the newly rebased economy that brought inflation down from 34.8 per cent to 24.48 per cent in December last year, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has restored all the rate parameters.
PMI: Economic activities show marginal expansion for second consecutive month

2 months ago | guardian.ng | Tobi Awodipe |Collins Olayinka

Nigerians expect inflation to recede within six months, task CBN business and economic activities have marginally expanded for the second consecutive month, according to the composite Purchasing Managers’ Index (PMI) of the Central Bank of Nigeria (CBN) for January 2025, at 50.2 index points, signalling a slight improvement in economic activities for the second straight month.
Revert to old tariff before March or face total strike, NLC tells govt, telecom operators

2 months ago | guardian.ng | Adeyemi Adepetun |Collins Olayinka

•To boycott major service providers from today•Subscribers seek sanction on operators for sudden hike The Nigeria Labour Congress (NLC) and its affiliates will begin a nationwide strike on March 1, 2025, if the telecom companies fail to revert to the old tariff. Also, the National Association of Telecoms Subscribers of Nigeria (NATCOMs) called for sanctions on the operators for a “sudden tariff hike”.
NAICOM, FRSC partner to enforce vehicle’s third-party insurance policy

2 months ago | guardian.ng | Collins Olayinka |Olayide Oluwafunmilayo Soaga

The National Insurance Commission (NAICOM) and the Federal Road Safety Commission (FRSC) are collaborating to enforce the car third-party insurance policy. Speaking during the partnership meeting in Abuja, the Commissioner for Insurance and Chief Executive Officer of NAICOM, Olusegun Omosehin, said the two organisations will also work closely to ensure safer motoring, road safety, and the enforcement of the compulsory third-party motor insurance policy.
402m people unable to find jobs globally, says ILO

Jan 16, 2025 | guardian.ng | Collins Olayinka

There are about 402 million people who are willing to work but are unable to find jobs globally, the International Labour Organisation (ILO) has said. Out of these 402 million, there are 186 million unemployed people, 137 million who are temporarily unavailable to work and 79 million discouraged workers who have stopped looking for jobs.