The Chief Executive Officer, Electricity Distribution Company (EKEDC), Dr Tinuade Sanda, says the company has earmaked N18 billion for capital expenditure for the year. Sanda said this at a news conference on Thursday in Lagos. She said the company would…
The National Pension Commission (PenCom), on Thursday, said the Federal Government had released N13.89 billion for payment of Accrued Pension Rights (APRs) of 2022 retirees of Ministries, Departments and Agencies (MDA’s). The commission said this in a statement on its…
The Federal Government spent $548.67million (N246.11billion using the official exchange rate of N448.55 to a dollar by the Central Bank of Nigeria) to service railway-related debts between 2016 and 2022, according to Nigeria’s external debt service payments reports by the…
In a bid to enhance the fight against illicit drugs abuse in the country, the new Director General of National Agency for Food and Drug Abuse Control (NAFDAC), Prof. Monisola Christianah Adeyeye has mapped out five years strategic goals to…
The Lagos Chamber of Commerce and Industry (LCCI) has said that the Central Bank of Nigeria (CBN) benchmark lending rate is expected to rise to 17 percent during the MPC meeting this month to curb persistent inflation and prevent capital…
Despite fuel scarcity in Nigeria, President Muhammadu Buhari has promised fuel delivery assistance to Burundi on yesterday. According to a statement made available by the Special Adviser to the President on media, Femi Adesina, President Buhari made the promise when…
By Matthew Denis The Administration of President Muhammadu Buhari has recorded drastic achievements during the 2022 fiscal year under the stewardship of the Minister of Finance Budget and National Planning, Zainab Shamsuna Ahmed. The recent approval of the Finance Bill…
The Nigerian Safety Investigation Bureau (NSIB) on Thursday in Abuja released seven final reports on accident occurrences in aviation sector to the public. NSIB Director-General, Mr Akin Olateru, said while briefing journalists that the reports were essential to the fulfilment…
The Minister of Works and Housing, Mr Babatunde Fashola, says ongoing investments in infrastructure development are the key needed for unlocking of the economy, for speedy development. Fashola spoke on Thursday during an inspection of the Apapa-Oshodi-Ojota-Oworonshoki reconstruction project. The…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has claimed that the current tax regime in Nigeria is stifling investment. Director of the CPPE,Dr. Muda Yusuf stated this while presenting the organisation’s economic and business environment…
