On the sidelines of the 6th AU Mid-Year Coordination Meeting of the African Union, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun held bilateral talks with President of Afreximbank, Dr. Benedict Okey Oramah. The…
In the first quarter of 2024, Nigeria faced a substantial financial challenge as debt servicing consumed a staggering 74 percent of the federal government’s retained revenue, amounting to N1.31 trillion out of N1.76 trillion. This revelation comes from the Central…
The recent revelations from the Universal Basic Education Commission (UBEC) are a projection of the daunting challenges facing our basic education sector. The alarming shortage of qualified teachers, inadequate classrooms, and neglect of teachers’ professional development are issues that demand…
Mr Michael Oluwagbemi, Chief Executive Officer/Programme Director, Presidential Compressed Natural Gas (CNG) Initiative, says 30,000 CNG conversion kits have been procured to be distributed to commercial drivers within 90 days. Oluwagbemi disclosed this at the Park-to–Park CNG Conversion Mobilisation on…
…CNG to reduce inflation, promote economic development — DG, NADDC By Matthew Denis and Abu Bardiyat (Abuja) The National Automotive Design and Development Council (NADDC) a Parastatal under the Federal Ministry of Industry, Trade and Investment has engaged stakeholders on…
…To support Labour with 36 CNG buses to ease workers’ cost of living …We can’t pay N70,000 without Govt support – Private sector By Sodiq Adelakun The Federal Government and labour unions have reached an agreement on a new minimum…
By Esther Agbo The Federation Accounts Allocation Committee (FAAC) distributed N1.354 trillion in revenue for June among the Federal Government, states, and Local Government Councils (LGCs). This distribution occurred during the July FAAC meeting in Abuja, led by the Minister…
By Esther Agbo The Federal Government, through the Office of the Accountant General of the Federation, has directed all Ministries, Departments, and Agencies (MDAs) to remit five percent retention fees deducted from contractors’ payments to the Central Bank of Nigeria…
Minister of Works, Sen. David Umahi has announced plans by the Federal Government to construct 477 kilometre – six-lane Super Highway transversing five states to the Federal Capital Territory. Umahi made the disclosure on Wednesday while declaring open the stakeholders…
The Federal Government has restated its commitment to supporting ongoing efforts by Chevron Nigeria Limited (CNL) at boosting gas supplies to the domestic market in Nigeria. This is contained in a statement issued by Spokesman for the Minister of State…
