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...No market can afford Dangote’s price rate — IPMAN By Matthew Denis The Federal Executive Council (FEC) has ordered the Nigerian National Petroleum Company (NNPC) Limited to sell crude oil to Dangote Refinery and other local refineries in naira. The Chairman of the Federal Inland Revenue Service (FIRS), Zack Adedeji, disclosed this to State House ...
…Decries hunger, hopelessness among youths under Tinubu’s Govt ….As Gov. Adeleke invites organisers, stakeholders for dialogue …Channel energy into ballot, not protest — Kwankwaso tells Nigerians …IGP orders tactical commanders to prioritise public safety By Our Correspondents Labour Party’s Peter Obi has thrown his weight behind the planned August 1 protests over economic hardships, lamenting ...
By Esther Agbo The Corporate Affairs Commission (CAC) has issued new guidelines for the recapitalisation of banks and other financial institutions, aiming to streamline processes and ensure compliance with regulatory standards. This development comes under the authority of Section 8(1)(e) of the Companies and Allied Matters Act (CAMA) No. 3 of 2020. The guidelines encompass ...
The House of Representatives has disclosed plans to carry out a holistic probe into Nigeria’s petroleum products supply chain and the quality of imported and refined products around the country. The move may not be unconnected to the ongoing feud between Dangote Refinery and NNPC Limited, aimed to ensure transparency, accountability, and security in the ...
The Socio-Economic Rights and Accountability Project, SERAP, says it has dragged the Central Bank of Nigeria to court over allegedly missing N100 billion dirty Naira notes. SERAP disclosed this in a statement on Sunday by its deputy director, Kolawole Oluwadare. According to the group, the case was filed last week in suit number FHC/L/MSC/441/2024 at ...
...Dumps Ways and Means ...As FG targets FX from diaspora with issuance of $500m security, August ...Says 600,000 households beneficiaries of Dialect Transfer Programme this week alone By Seun Ibiyemi The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has stated that the administration of President Bola Ahmed Tinubu is still ...
By Blessing Emmanuel, Abuja A new report by the International Telecommunication Union (ITU) has ranked Nigeria high at 71 percent in comparative legal, policy, and governance frameworks towards achieving an advanced state of readiness for digital transformation, designated as G5. This places Nigeria among the global leaders in digital transformation readiness, alongside Germany, Finland, and ...
Airtel Africa has demonstrated resilience in the face of a challenging macroeconomic environment, leveraging strong fundamentals and focused execution to sustain its operational performance. The company’s recent trading update highlights several key achievements amidst economic headwinds. Airtel Africa reported a notable 8.6 percent increase in its total customer base, reaching 155.4 million customers. The growth ...
By Rauf Oyewole, Bauchi The Pharmacy Council of Nigeria (PCN) has shut down 571 illegal shops found selling, substandard, contraband drugs, operating unapproved premises in local government areas of Bauchi State. Director Enforcement of the Council, Pharmacist Stephen Esumobi, while briefing journalists at the end of the Council’s monitoring exercise in Bauchi on Thursday, said ...
…No one is going to sleep, we are all working for Nigeria – Minister …APC urges protesters to shelve plans, says Tinubu not cause of economic hardship …Uzodimma warns against protests, says it’s too early to judge Tinubu’s Govt By Sodiq Adelakun As Nigerians prepare for a planned nationwide protest scheduled for August 1 ...
...As OPS warns of worsening crisis By Esther Agbo Following the hike in CBN interest rate, the Manufacturers Association of Nigeria (MAN) has warned that the new rate would further constrain the growth of the manufacturing sector, affecting consumer purchasing power, production levels, competitiveness, and sales. The Manufacturers Association of Nigeria (MAN), through a statement ...
President Bola Tinubu has given his assent to the North-West Development Commission (Establishment) Bill, 2024, and the South-East Development Commission (Establishment) Bill, 2023. The North-West Development Commission is set up to facilitate the reconstruction of roads, houses, and business premises destroyed by multidimensional crises, as well as tackle poverty, literacy level, ecological problems, and any ...
...As State’s GDP rises to N41 trillion in five years — Trade Commissioner A new push for an aggressive investment inflow to boost Lagos State’s economic growth was, on Wednesday, led by Governor Babajide Sanwo-Olu at a Pre-Summit Investors’ Roundtable held in the State. Sanwo-Olu and his team in the State Executive Council reeled out ...
The National Drug Law Enforcement Agency (NDLEA) has finally apprehended Sulaiman Jimoh, alias Olowoidiogede, popularly known as Temo, the overall head of the Mushin, Lagos drug cartel, after years of evading arrest. Temo, 57, was arrested at his enclave in Igbarere street, Mushin, Lagos State, on Monday, July 22, 2024, after a long-standing cat-and-mouse game ...
...As Reps urge President Tinubu to suspend NMDPRA boss ...I will sanction any NNPC’s employee operating blending plant in Malta — Kyari By Esther Agbo and Seun Ibiyemi Nigerian businessman and philanthropist, Femi Otedola and President of the African Development Bank (AfDB) Group, Akinwumi Adesina have cried out for support for the Dangote refinery from ...
Lagos State Governor, Babajide Sanwo-Olu, in his drive to boost the economy of Lagos State is set to host over 200 investors from around the world at the Pre-Summit Investors’ Roundtable in anticipation of the third Africa Social Impact Summit (ASIS 3.0) today. The event is expected to feature investment presentations, a Q&A session, interactive ...
By Sodiq Adelakun In a contrast of leadership styles, President Bola Tinubu and former Vice President Atiku Abubakar have taken opposing stances on the right to peaceful protest, as Nigerians prepare for a nationwide hunger protest against economic hardship. While Tinubu urges citizens to shelve the planned protest, promising to address their concerns, Atiku defends ...
By Ismail Azeez, Osogbo Following the recent judgement by the Supreme Court granting financial autonomy to the 774 Local Governments in Nigeria, Osun State House of Assembly, on Tuesday, commenced the process of amending its existing laws. The bills slated for amendments include the Osun State Independent Electoral Commission (Amendment No 1) Bill, 2024, and ...
A report by the Global Terrorism Index Report has revealed that terror-related attacks and killings in Nigeria have reduced by 23%. This was disclosed by the Chief of Defence Intelligence, Major General Emmanuel Akomaye Udiandeye while performing the accreditation of 12 foreign Defence Advisers and Attaches newly posted to Nigeria. Speaking the General said, “I ...
…Food inflation: We share your pain, halved our salaries — Reps Speaker …Dialogue with protesters, avoid confrontation — NLC President urges FG …CAN, Labour, Students Union, others disown planned protest, back FG By Our Correspondents Amidst the 10-day proposed nationwide protest scheduled to commence between August 1 and 10, 2024, President Bola Tinubu has appealed ...
…As N150bn Lagos-Calabar road project tops extra spending list …Chinese Govt funds 85% of rail project …Says CNG usage slashes fuel costs by 66% The Federal Government has assured Nigerians that the recently proposed N6.2 trillion extra-budgetary provision will be utilised efficiently to transform the country’s infrastructure. According to the Minister of Budget and National ...
By Sodiq Adelakun The National Board for Technical Education (NBTE) has suspended the implementation of the new revised scheme of service for polytechnics in the country, following the warning strike by the Academic Staff Union of Polytechnics (ASUP). The suspension was announced in a circular dated July 19, 2024, and signed by the Executive Secretary ...
Rauf Oyewole, Bauchi Schools in Bauchi State have recorded a sharp drop in attendance of pupils in lower basic over discontinuation of the Federal Government’s School Feeding Programme, where learners get free meals to aid learning. Education Secretary, Katagum local government of the State, Adamu Mohammed said that “During the school feeding programme, attendance was ...
