Tourism, hospitality, catalyst for economic prosperity, says Obaseki 

November 26, 2023 Patrick Ahanor 0

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

Ministry unveils plans to promote Nigeria’s culture

November 21, 2023 Paul Okah 0

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

Magu breaks silence, says corruption Nigeria’s greatest challenge

November 20, 2023 Tope Sunday 0

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

As Tinubu targets $1trn GDP growth in 3 years…

October 29, 2023 Content Administrator I 0

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

Senate seeks upgrade of Buhari Airport in Maiduguri

October 25, 2023 Taiye  Odewale 0

  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: Idris assents to N19.4bn supplementary budget  

October 12, 2023 Muhammad Sadisu Abubakar 0

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

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Credit to private sector rises To N43.07trn In Q1’2023

May 2, 2023 Blessing Anaro 0

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

Africa’s economic growth to slow to 3.1% in 2023—WBG

April 7, 2023 David Agba 0

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

Non-oil sector: Stakeholders urged to redouble efforts on economic growth

April 5, 2023 Adeola Akinbobola 0

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 private sector pledges support for Nigeria’s census exercise

March 6, 2023 Benjamin Umuteme 0

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

In Maiduguri, Buhari inaugurates NNPC power plant, projects, campaigns for Zulum

March 2, 2023 Abdullahi M. Gulloma 0

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 assembly passes 2023 budget into law 

December 20, 2022 Mohammed Yangida 0

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

Police Minister condoles Chinese govt over ex-President Jiang Zemin’s death

December 7, 2022 Chizoba Ogbeche 0

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

Spurious claims on the rise as economy bites – Insurers

August 18, 2022 Admin III 0

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

BOI declares N7.89bn dividend payment to shareholders, 75% profit growth

July 14, 2022 Bode Olagoke 0

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

2023 presidency: Tinubu’s 7-agenda out

November 23, 2021 Admin III 0

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

AfCFTA: Nigerian tourism sector enough to attract billions of dollars – Experts

November 11, 2021 Suleiman Idris 0

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

Buhari now global climate action leader, champion – APC group

November 3, 2021 Bode Olagoke 0

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

Gombe commends EEC on timely completion of road project

November 2, 2021 Ahmid Lawal 0

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

Deregulation of oil sector ‘ll generate N12 trn for Nigeria – PPMC

November 1, 2021 Ahmid Lawal 0

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

Luxembourg: Nigerian envoy to Belgium urges bilateral relations

October 23, 2021 Benjamin Samson 0

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

How I stood strong, killed Obasanjo’s third term agenda – Ken Nnamani

October 21, 2021 Bode Olagoke 0

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