How Tinubu’s forex policy is growing remittance into Nigeria
The forex reform of President Bola Tinubu is seen to be having a positive impact on inflow of remittance into the country. The reform aims to address the challenges of foreign exchange by floating the Naira, allowing…
JUST IN: Eleven DisCos file application for electricity tariff review with NERC
Eleven electricity distribution companies have applied for a review of rates with the Nigerian Electricity Regulatory Agency (NERC). This was revealed in a statement by the NERC on Friday. According to the…
Establish chieftaincy affairs ministry, appoint monarchs ministers — Oluwo tells Tinubu
The Oluwo of Iwo, Oba Abdulrosheed Akanbi, has called on President Bola Tinubu to consider the establishment of the Federal Ministry of Chieftaincy Affairs and appoint a first-class royal father as the minister in…
JUST IN: Court dismisses EFCC’s ‘fraud’ suit against Okorocha
A federal capital territory high court in Abuja has dismissed a criminal suit filed by the Economic and…
Dangote Cement increases capacity with new plants in Nigeria, Cote d’Ivoire, Ghana
Dangote Cement said it has concluded plans to expand its production capacity through the construction of a new 6 metric tonne integrated cement plant in Itori, Ogun State. Arvind Pathak, the Group Managing Director of…
Subsidy: Give non-cash palliatives to Nigerians, economist urges Tinubu
An economist, Prof Uche Uwaleke, has advised President Bola Tinubu to consider non-cash palliatives instead of cash to ameliorate the effects of subsidy removal faced by Nigerians. Uwaleke, a professor of…
Cheaper funds for firms as interbank rate falls sharply
Nigeria’s interbank rate has declined by over 1,000 basis points in less than a month following increased naira liquidity in the financial market, paving the way for businesses to access cheaper funding. The opening…
Palliatives: N8,000 per month is an insult on Nigerians — Maritime group
THE Maritime Arbitrators Association of Nigeria, MAAN, stated that the move by the Federal Government to pay 12million poor households N8,000 per household monthly is a far cry from the economic realities adding,…
LCCI urges govt to expand tax net
The Lagos Chamber of Commerce and Industry has urged the Federal Government to expand its tax net and bring it more…
Tonye Cole Speaks on Wike’s Chances of Becoming Tinubu’s Minister
The governorship candidate of the opposition All Progressives Congress (APC) in Rivers State in the last general election, Patrick Tonye-Cole, has shared his opinion on who will be appointed as minister from…
Respect court ruling, appoint FCT indigene as minister – Reps tell Tinubu
The house of representatives has asked President Bola Tinubu to appoint an indigene of the federal capital territory (FCT) as minister. The lower legislative chamber passed the resolution during plenary on…
Electricity tariffs raise inevitable, DisCos tell NERC
Electricity Distribution Companies (DisCos) have told the Nigerian Electricity Regulatory Commission (NERC) that tariffs…
Ganduje: The Wait For Handsome Reward
Nigeria is blessed and endowed with tremendous human capital, and Kano being Nigeria’s most populous state, is a reservoir of sorts for capacity, experience and expertise. Wherever anyone stands regarding His…
Oil Theft: Shippers, Experts Seek Probe Of Vessel Arrested With Stolen Crude
Stakeholders in the oil industry and security experts have called for a full scale investigation into the interception of a 800,000-litre vessel carrying stolen crude oil while heading to Cameroon. The vessel…
‘Obi now IPOB spokesman’ — Simon Ekpa hits back over sit-at-home comment
Simon Ekpa, a self-acclaimed disciple of Nnamdi Kanu, detained leader of the Indigenous People of Biafra (IPOB), has responded to a statement made by Peter Obi on the sit-at-home directive in the south-east. The…
Tinubu’s Plan To Hand Out N8,000 To 12 Million Households For 6 Months Is Brazen Attempt To Divert…
The candidate of the Peoples Democratic Party (PDP) in the 2023 presidential election, Atiku Abubakar has described President Bola Tinubu’s plan to hand out N8,000 to 12 million households for six months as a…
Labour Party has no ground to call for Yakubu’s sack — INEC
The Independent National Electoral Commission has said the Labour Party has no ground to call for the sack of its Chairman, Prof. Mahmood Yakubu, over the outcome of the 2023 general election. The Chief Press…
Despite huge revenue, Lagos local councils underperform, worsen residents’ pains
Constitutionally, the local councils are meant to construct and maintain roads, streets, drains, parks,…
Kwara: EFCC Arrests 13 Chinese Over Illegal Mining
Operatives of the Ilorin Zonal Command of the Economic and Financial Crimes Commission (EFCC) have arrested 13 Chinese over…
Demolition: Kano residents secure court order against Kano gov’t
Residents along BUK road in Gwale Local Government area of Kano State have secured a court order from a Kano State High Court restraining the state government from going ahead with the planned demolition of their…
$800m World Bank Borrowing: NLC, TUC kick, Experts, stakeholders lampoon palliatives plans
The Nigeria Labour Congress, NLC, and its counterpart, the Trade Union Congress of Nigeria, TUC, faulted President Tinubu’s plans, saying it runs contrary to the works of the Presidential Technical Committee on the removal…
Tinubu and burden of ministerial list
You may have seen it. The list, of course. Those who think that President Bola Ahmed Tinubu is not moving fast enough to appoint ministers have offered to help. They have composed their own ministerial list for him…
2 KFC staff arrested over death of colleague
Two staff members of KFC eatery on 23 Road, Festac Town, Amuwo Odofin area of Lagos, have been arrested over the death of a 20-year-old colleague last Friday. Relatives and friends of the deceased, Anita…
Max Air incident: NCAA to investigate fuel suppliers, threatens withdrawal of licenses
The Nigeria Civil Aviation Authority (NCAA) said it would investigate aviation fuel suppliers in the country’s aviation industry to determine the source of fuel contamination in Max Air aircraft Boeing 737-300.…