Prices of some foodstuffs have recorded a drop in Adamawa, Borno and Yobe states. A survey of the prices conducted by NAN in some markets in Yola, Maiduguri and Damaturu towns indicated that the prices of some foodstuffs were lower in April when compared to the months of February and March. In Yola Central Market, … Read more
Enugu State Government has said it would revamp the Nigergas Ltd abandoned over two decades ago to boost industrial gas and create employment for the youths in the state. The Managing Director and Chief Executive Officer of the Enugu State Investment Development Authority, Dr Sam Ogbu-Nwobodo, disclosed this while briefing newsmen after the State Executive … Read more
President Bola Tinubu has assured Samsung group and other genuine investors of a conducive business environment in Nigeria’s economic sector. The President said this on Sunday in Riyadh, Saudi Arabia, during a meeting with the President and Chief Executive Officer of Samsung, Hong Namkoong, and the Chairman of Samsung Investment Global, Jungwook Kim. Tinubu said … Read more
President Bola Tinubu has secured a 600 million U.S. dollar Danish shipping and logistics company, A.P Moller-Maersk, investment for Nigeria’s seaport infrastructure. This investment is to expand existing port infrastructure to accommodate more container shipping services in Nigerian ports. Chairman of A.P Moller-Maersk, Mr Robert Uggla, disclosed this during a meeting with Tinubu on the … Read more
The National Council on Privatisation (NCP) has given its nod to the recommendations aimed at repositioning the Bank of Industry (BOA) to ensure food security for Nigerians. Chaired by the Vice President, Sen. Kashim Shettima, the NCP approved the recommendations from the committee on BOA during its second meeting of 2024 held on Wednesday, April … Read more
Air Peace Airline has said a falsely triggered fire alarm was responsible for its emergency landing at Murtala Mohammed International Airport,in Lagos State. The Corporate Communications Lead, Air Peace Airline, Mr. Stanley Olisa, made the clarification while reacting to the Port-Harcourt to Lagos flight incident. Mr. Olisa explained that some minutes before landing, the Captain … Read more
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said the issues that led to the tightness in the supply of fuel currently being experienced in some parts of the country have been resolved. The NNPC Ltd. said that the issues were as a result of logistics problems.The Chief Corporate Communications Officer, NNPC Ltd. Olufemi … Read more
President Bola Tinubu has met with Prime Minister, Mark Rutte of Netherlands where he detailed out a roadmap for enhanced trade opportunities for both countries. At the meeting, Tinubu said that Nigeria was well-positioned to power the clean energy future of Europe and the world with its high-grade lithium deposits. A statement by presidential spokesman, … Read more
FCCPC interrogates Chinese Supermarket owners over discrimination against Nigerians Operatives of the Federal Competition and Consumer Protection Commission (FCCPC), on Wednesday, quizzed owners of a Chinese supermarket in Abuja over alleged discriminatory practices against Nigerians. FCCPC operatives also conducted an inspection of the facility, even as investigation progresses. Read Also: 118 inmates escape as rainstorm … Read more
Dana Air apologies to passengers after its plane skids off Lagos airport runway Dana Air has apologised to its passengers and is re-timing flight operations following the incident of one of its aircraft skidding off the Murtala Mohammed International Airport runway in Lagos State. It would be recalled that an aircraft belonging to Dana Airline, … Read more
Court fixes May 17 for ruling on Binance executive’s bail plea A Federal High Court Abuja, on Tuesday, fixed May 17 for a ruling on a bail application filed by the detained Binance executive, Tigran Gambaryan. Justice Emeka Nwite fixed the date after counsel for the Economic and Financial Crimes Commission (EFCC) and Gambaryan’s lawyer, … Read more
Sokoto State Coordinator of National Directorate of Employment (NDE) Abdulkarim Sirika has appealed to unemployed Nigerian youths to embrace skills and entrepreneurship rather than waiting for white collar jobs that are not really available. According to Sirika, rather than waiting for the usual 30 days to get salary, a skilled or entrepreneurship person earns income … Read more
The Bureau of Public Enterprises (BPE), under the leadership of its Ag. Director General, Mr. Ignatius O. Ayewoh, recently paid a courtesy visit to the President of the Nigeria Labour Congress (NLC), Comrade Joe Ajero, to seek collaboration with the Labour Union in the ongoing reform and privatisation program of the Federal Government. Mr. Ayewoh … Read more
Wife of the Kwara Governor, Prof. Olufolake AbdulRazaq, on Monday in Ilorin presented a cheque of N500,000 each to women farmers across the state’s 16 Local Government Areas (LGAs). AbdulRazaq, while presenting the cheques to beneficiaries of the Renewed Hope Initiative Agricultural Support Programme, commended the Renewed Hope Initiative of the First Lady, Sen. Oluremi … Read more
The Federal Government plans to reward hard-working and innovative Micro, Small and Medium Enterprises (MSMEs), with cars, houses and cash at this year’s award ceremony, an official has said. The Senior Special Assistant to the President on Job Creation and MSMEs, Mr Tola Adekunle-Johnson, at a news conference on Monday in Abuja, said that some … Read more
A Federal High Court, Abuja, on Monday, adjourned hearing in the bail application of the detained Binance executive, Tigran Gambaryan, until April 23. Justice Emeka Nwite adjourned the hearing following an oral application by counsel for the Economic and Financial Crimes Commission (EFCC), Ekele Iheanacho, seeking more time to respond to a further affidavit served … Read more
Naira will continue to appreciate against dollar – Shettima Vice President, Kashim Shettima has expressed optimism that the Naira would continue to appreciate against dollar at the forex market. Spokesperson of the Vice-President, Mr Stanley Nkwocha, in a statement on Saturday, said Shettima stated this at a meeting with officials of the Lagos Chamber of … Read more
NAFDAC raids Sahad stores, H-Medix, others in Abuja The National Agency for Food and Drug Administration and Control (NAFDAC) on Thursday in Abuja raided Sahad stores, a popular supermarket in Abuja for selling some counterfeit products. The agency equally raided H-Medix in Wuse 2 and Gwarinpa, 3rd Avenue, as well as Utako market, all in … Read more
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.) Mr. Mele Kyari, has reiterated the crucial role of natural gas in fuelling economic growth and industrial development in Nigeria. According to a statement signed by Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd., Abuja, Kyari, who was speaking at … Read more
External auditors, PKF Professional Services, has began audit of Benue Investment and Property Company Limited (BIPC). Managing Director, (MD/CEO) of BIPC, Dr. Raymond Asemakaha, who disclosed this to newsmen on Monday in Makurdi, said PKF professional services was a “tier-one” auditing firm. Asemakaha also stated BIPC had in Dec. 2023, secured approval of Gov. Hyacinth … Read more
Sallah: Kano tailors make brisk business Ahead of Eid el-Fitr celebrations which officially marks the end of Ramadan, tailors in Kano State have been making brisk business and smiling to the banks in spite the current economic hardship. The News Agency of Nigeria (NAN) reports that the demand for new dresses for the festivities led … Read more
Tinubu commends Obazee as CBN Special Investigator concludes job President Bola Tinubu has lauded Mr Jim Obazee for his services as the Special Investigator of the Central Bank of Nigeria (CBN) and other related entities. The President commended Obazee, a former Chief Executive Officer of the Financial Reporting Council of Nigeria (FRC), for successfully concluding … Read more
NNPC Ltd resolves petrol supply hitch in Lagos The management of the Nigerian National Petroleum Company Ltd.(NNPCL) has attributed the insufficient supply of petroleum products to some filling stations in Lagos to an issue at one of its depots in the state. Read Also: My marriage of 20 years slipping off my hands – Comedian … Read more
Bridging energy access gap vital for Nigeria’s economic dev’t – Kyari The Nigerian National Petroleum Company Limited (NNPC Ltd.), has underscored the need of bridging the energy access gap to spur economic prosperity of the country. The Group Chief Executive Officer of NNPC Ltd, Malam Mele Kyari stated this at the Society of Petroleum Engineers … Read more
Naira falls against dollar by 0.7% The Naira experienced a slight depreciation at the official market, trading at N1,309.39 to a dollar on Thursday. Data from the official trading platform of the FMDQ revealed that the Naira lost N8.96 or 0.69 per cent, compared to the previous day’s rate of N1,300.43 against the dollar. Read … Read more
CBN raises bank’s capital requirement from N25bn to N200b The Central Bank of Nigeria (CBN), has increased the minimum capital requirement for Deposit Money Banks (DMBs) with national licences from N25 billion to N200 billion. The apex bank also increased capital requirement for banks with regional licences from N15 billion to N50 billion , and … Read more
Binance executive, Gambaryan, sues NSA, EFCC as lawyer withdraws appearance for fleeing Anjarwalla The detained Binance executive, Tigran Gambaryan, has sued the National Security Adviser (NSA) Nuhu Ribadu, and the Economic Financial Crimes Commission (EFCC) over alleged violation of his fundamental rights. Gambaryan, in the originating motion dated and filed March 18 by his lawyer, … Read more
Vice President, Kashim Shettima has assured that the Naira will continue to stabilise in the coming weeks and months. Shettima gave the assurance at the inauguration of the National Design and Innovation Competition, held at the Presidential Villa, Abuja, on Wednesday. The News Agency of Nigeria (NAN) reports the event was organised by the Interior … Read more
We disconnected power supply to UCH over N400m debts – IBEDC Management of Ibadan Electricity Distribution Company (IBEDC) Plc says it was as compelled to disconnect power supply to University of Ibadan College Hospital (UCH) due to an outstanding debt. IBEDC’s Chief Key Accounts Officer, Johnson Tinuoye, in a statement issued on Wednesday in Ibadan, … Read more
Access Holdings has revealed plans to pay a final dividend of N1.80 for every ordinary share of 50k to its shareholders for the 2023 financial year. The payment, slated for April 19, will be made electronically and is subject to appropriate withholding tax. Mr Sunday Ekwochi, the Company Secretary of Access Holdings, disclosed this in … Read more