The Edo state governor, Mr. Godwin Obaseki, weekend said the state has the potential of a vibrant and thriving destination for investment. Obaseki stated this during the signing of the Memorandum of understanding (MoU) with the management of Radisson Hotel Group in Benin City. Represented by the Secretary to the State Government (SSG) Osarodion Ogie, the governor said: “The Edo Read More
The Ministry of Art, Culture and Creative Economy (FMACCE) has unveiled plans to promote Nigeria’s culture and showcase its creators to the world, establishing the country as the leading global hub for arts, culture and creativity. Speaking Tuesday in Abuja, during a Creative Economy Roundtable, the Minister of Art, Culture and Creative Economy (FMACCE), Hannatu Musa Musawa, Esq, said that, Read More
A former Chairman Economic and Financial Crimes Commission (EFCC) Ibrahim Magu has called for a vigourous and holistic approach to the fight against corruption, saying it is a major impediment against the nation’s collective progress. Magu spoke Saturday during the conferment of a doctoral fellow on him by the General Yakubu Gowon-led think tank, Institute for Governance and Leadership Studies in Africa Read More
With the economy at its lowest ebb, there is a need to carry out reforms that would get the economy back into shape. And this President Bola Tinubu has been doing since assuming office. Encumbered by the biting economic reality that have taken a heavy toll on the welfare of Nigerians, and particularly, the untamed freefall of the Naira immediately Read More
The Senate Wednesday called on the federal government to begin the process of upgrading the Muhammadu Buhari International Airport in Maiduguri, Borno State for international operations. The Red Chamber, which specifically urged the Minister of Aviation and Aerospace Management to take urgent action on the matter, mandated its Committee on Aviation for a follow up and report back within Read More
Kebbi state governor, Dr. Nasir Idris, Wednesday, assented to a supplementary budget of N19.4 billion approved by the State House of Assembly. The fiscal document was presented to him at the Government House, Birnin Kebbi, by the Speaker of the House of Assembly, Rt. Hon. Usman Muhammad Ankwe, in company of other members. Governor Idris thanked Read More
Despite economic challenges, political tensions, fuel and naira shortages, sluggish economy and political tension notwithstanding, there appear to have been a measure of growth in the first quarter of this year as credit to the private sector still hot to an all-time high of N43.07 trillion, with expectations of a further increase in the year. But surprisingly, business conditions in Read More
Oil prices fell more than one per cent yesterday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts. Brent crude slipped 91 cents, or 1.11 per cent, to $80.75 a barrel by 0627 GMT, while U.S. West Texas Intermediate crude was at Read More
Economic growth in Sub-Saharan Africa is set to slow from 3.6% in 2022 to 3.1% in 2023, according to the latest Africa’s Pulse, the World Bank’s April 2023 economic update for Sub-Saharan Africa. Economic activity in South Africa is set to weaken further in 2023 (0.5% annual growth) as the energy crisis deepens, while the growth recovery in Nigeria for Read More
Stakeholders in the on-oil sector have been urged to redouble their efforts at innovative policies targeted at increasing the sector’s contribution to the growth of Nigeria’s economy. The chairman, Commerce and Industry Correspondents Association of Nigeria, Abuja, Mr Ifeanyi Onuba made the call while addressing the press recently in preparation for its forthcoming stakeholders’ conference. He said “there has never Read More
Africa’s philanthropic organizations and the organized private sector have pledged its readiness to support the federal government in its forthcoming population census exercise. Delivering his goodwill remarks on behalf of the Organised Private Sector and African Philanthropic Organisations at the federal government’s high-level donor engagement on Nigeria’s 2023 housing and population census in Monday in Abuja, Chairman, United Bank for Read More
President Muhammadu Buhari Thursday inaugurated the Maiduguri Emergency Power Project, describing the feat as another testament towards achieving stable, uninterrupted power supply aimed at improving the economy and lives of Nigerians. The gas plant was constructed by the Nigeria National Petroleum Company Limited (NNPC Ltd) to supply 50 megawatts of electricity to Maiduguri and environs. Speaking at the occasion, the Read More
Nasarawa state House of Assembly has passed the 2023 appropriation bill of N149, 3billion into law against the initial N148.9 billion presented by Governor Abdullahi Sule to the House for consideration and approval. Speaker of the House, Hon. Ibrahim Balarabe Abdullahi, announced the passage of the bill into law during the House proceedings in Lafia, Tuesday. He said that the Read More
The Minister of Police Affairs, Dr. Muhammad Maigari Dingyadi, has condoled with the people and government of China over the death of the country’s former President, Mr. Jiang Zemin. Dingyadi paid respect to the Chinese leader during a condolence visit to the Chinese Embassy, Tuesday in Abuja. A press statement by the ministry’s Head, Press and Public Relations Unit, Bolaji Read More
Insurance companies have said some of the people insured, hit by economic hardship, occasioned by rising inflation and falling incomes, are resorting to making spurious claims. The insurers said they have seen in recent times false claims from customers wanting to take advantage of their loss situation to better their condition. According to the insurers, this is common in motor Read More
The Bank of Industry (BOI) has declared a dividend payment of N7.89 billion for the financial year ended December 2021 to its shareholders, the Ministry of Finance Incorporated and the Central Bank of Nigeria, showing its capacity to withstand economic headwinds to boost federal government’s revenue. BOI also said it recorded a 75 per cent increase in its Profit-Before-Tax to Read More
Though the national leader of the All Progressives Congress, (APC), Asiwaju Bola Tinubu has not declared his intention to vie for the 2023 presidency, his purported seven-point agenda has been released. The seven-point agenda, tagged: ‘The Rebirth Manifesto’ is not yet made public, but sources close to Tinubu have pushed out the agenda. Already, the South West Agenda 2023 (SWAGA Read More
As the country continues to witness financial hits, experts say Nigeria’s very rich tourism environment is enough to attract into the country billions of US Dollars in foreign currency in line with the Africa Continental Free Trade Agreement (AfCTA). Former Managing Director of Nigerian Airspace Management Agency (NAMA), Nnamdi Udoh said with the collective Gross Domestic Product (GDP) of 2.5 Read More
Relief for cooking gas users as the Nigeria Liquefied Natural Gas (NLNG) Limited, in a major decision to crash the rising price of Liquefied Petroleum Gas (LPG) or cooking gas has agreed to reduce the quantity of gas exports to flood the domestic market which has been in dire strait. “As part of the measures to support the Federal Government’s Read More
A voluntary think-tank group of the All Progressives Congress, known as APC Legacy Awareness and Campaign (APC-LAC) has said that President Muhammadu Buhari, is now recognised as a global climate action leader and champion due to his commitment to climate change. The group said ambitious and impactful climate action will no doubt be one of the many positive legacies of Read More
The Gombe state government has commended the management of Eighteen Engineering Company International Limited (EEC) for the timely completion of the Degri – Bembelem- Reme-Dong-Talasse road in the state. The commendation by the state government was in a statement made available to journalists in Abuja and signed by Gombe state Director of Highway, Engineer Aliyu Isa Shinga Engineer Shinga said Read More
The Managing Director of PPMC, Abdullahi Isiyaku, has said that the deregulation of the oil and gas sector has potential of generating N12trillion for Nigeria within four years.He explained that the gains of deregulation will include a 7,500km road every year at N400m per kilometre. Abdullahi made this known in Lagos as one of the key panelists at the Oil Read More
The Financial Reporting Council of Nigeria has warned government entities that are yet to file their audited financial statements to do so as the Council had begun imposing fines and penalties on them in line with the provisions of the FRC Act and its extant rules . The Executive Secretary of the FRC, Shuaibu Ahmed, at the opening session of Read More
Four months after he presented his Letters of Credence to His Royal Majesty, Philippe 1, the Belgian King, the Nigerian Ambassador to Belgium, Obinna Chiedu Onowu, has presented his Letters of Credence to the Grand Duke Henri, Grand Duke of Luxembourg. During their discussion, Onowu harped on the need to deepen bilateral relations between Nigeria and Luxembourg, especially in the Read More
Former Senate President and chieftain of the All Progressives Congress (APC) Senator Ken Nnamani, has revealed how he aborted the planned to amend constitution to allow for third term in office during former President Olusegun Obasanjo. Nnamani said his model of legislating was shaped by the debate about whether the legislator is an agent or a trustee. Speaking Thursday in Read More
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