…says ports must be saved from imminent collapse The Minister of Marine and Blue Economy, Adegboyega Oyetola, on Monday, declared that he was in a hurry to make impact in the ministry. Oyetola who noted that he had no business…
Indigenous oil and gas giant, Seplat Energy Plc has crossed N1 trillion in market capitalization to join the exclusive group of stocks worth over one trillion (SWOOTs). This was as its share price increased to N1837 per share to hit…
…Commissioning of bridges, stations for Red Line rail to commence in September, Sanwo-Olu The Lagos Blue rail line train service took off on Monday with 800 passengers from the Marina Terminal. Lagos State Governor, Mr. Babajide Sanwo-Olu flagged off the…
The meeting of Governance Advisory Council (GAC) held last week at Lagos House seems to be yielding positive results as the Lagos State House of Assembly will today begin screening of the second batch of 18 commissioner-nominees sent by Gov.…
…To review Mining Act, establish Mines Police …Issues 30-day ultimatum to illegal miners In a bid to revitalise Nigeria’s economy, the Federal Government is targeting 50 per cent contribution to the Gross domestic Product (GDP) from solid minerals. Minister of…
Dangote Cement Plc, a subsidiary of Dangote Industries Limited, (DIL) has stated that it paid a total of N412.9 billion into the coffers of the Federal Government as tax for 3 consecutive years. “A total of N97.24 billion was paid…
In the first quarter (Q1) of 2023, the Nigerian economy experienced a significant boost in foreign exchange (FX) inflows, according to the Central Bank of Nigeria (CBN). The inflows rose by 17.5 percent to $17.18 billion, compared to $14.62 billion…
Research by ONE has revealed that African countries will pay $56 billion more on debt raised on capital markets between 2017 and 2021. The research also stated that “If average interest rates on bonds increase by 1% more, interest would cost…
The President Bola Tinubu led Federal Government has disclosed that the N-Power scheme, a social intervention programme of the immediate past Muhammadu Buhari led government, will be continued. The Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu, on…
…As NUPRC vows to sanction erring companies Oil companies have refused to abide by the provisions of the Host Community Regulation and Petroleum Industry Act threaten Nigeria’s oil production output, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said. The…
