A High Court in Lagos has issued an interim order preventing 10 electricity distribution companies (DisCos) and the Nigerian Electricity Regulatory Commission (NERC) from increasing tariffs. Presiding Judge Lewis Allagoa granted the ex parte order on Monday, June 10. According…
The National Bureau of Statistics, NBS, says Nigeria’s aggregate Company Income Tax, CIT, for Q1 2024 stands at N984.61 billion. The figure is contained in the NBS Company Income Tax, CIT, Q1 2024 Report released in Abuja on Tuesday. According…
By Opeyemi Abdulsalam In comparison to the fourth quarter (Q4) of 2023, agricultural exports from Nigeria to other countries climbed by 123 per cent, to N463.97 billion, according to the Nigerian Bureau of Statistics (NBS). Furthermore, NBS data indicated growth…
The Niger Delta Development Commission (NDDC) has commenced the construction of a Multipurpose Emergency Shelter, capable of housing over 1,000 individuals, to provide refuge during flood emergencies in the Niger Delta. The Managing Director of NDDC, Samuel Ogbuku, revealed this…
Nigeria’s foreign trade, including imports and exports, increased to N31.810.56 billion in the first quarter of 2024. The National Bureau of Statistics disclosed this in its latest foreign trade in goods report. The total imports stood at N12,643.23 billion, and…
Following the Central Bank of Nigeria’s (CBN) consistent hike of its Monetary Policy Rate (MPR), the banking sector’s maximum lending rate increased to 29.49 per cent in April, rising from 29.38 per cent in March 2024, the highest since 2020. When…
By Seun Ibiyemi The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, has described the death of Architect Ferdinand Agu, former Director General of the defunct National Maritime Authority (NMA), as a rude shock.…
…To commission projects By Seun Ibiyemi The Minister of Marine and Blue Economy, Adegboyega Oyetola, will on Tuesday, June 11, embark on a one-day working visit to the National Inland Waterways Authority (NIWA) headquarters, in Lokoja, Kogi State. This was…
By Esther Agbo The Minister of Solid Minerals Development, Dele Alake has pledged to clamp down on illegal mining operations across Nigeria. Alake announced that the Federal Government will now require mining companies to provide a concrete remediation plan for…
The International Monetary Fund has predicted that Nigeria’s Gross Domestic Product per capita will reach $1,120.67 by 2029. This is according to the Washington-based IMF analysis of Nigeria’s Gross Domestic Product per capita data since 2014. The data revealed a…
