The Permanent Secretary of the Ministry of Petroleum Resources, Mr Gabriel Aduda has said the ministry plans to review the implementation of the Petroleum Industry Act (PIA). This, he said, would be with stakeholders in the upstream and downstream sector,…
The Consumer Price Index (CPI) data released by the National Bureau of Statistics (NBS) revealed that inflation rate (year-on-year) continued to increase, rising to 26.72% in September from 25.80% in August, implying 0.92% points increase, and 5.94% points when compared…
By Sodiq Adelakun The Federal Government’s debt to the Central Bank of Nigeria (CBN) has decreased to N4.36trillion after a significant portion of it was restructured in June 2023, according to provisional data from the CBN’s quarterly statistical bulletin for…
The federal government’s debt service to revenue ratio has increased to 183 percent in the first quarter of 2023. This information was revealed in the budget implementation report for the same period.The report highlights that the government had initially budgeted…
International non governmental Organization, The Lions Club International, has pledged its commitment to assist the Nigerian government in curbing the harsh effect of the fuel subsidy removal on citizens, particularly those in rural parts of the country. Speaking to NewsDirect…
…As Minister pledges to respect CBN autonomy, Ways & Means borrowing limit The Federal Government of Nigeria is eyeing a $1.5billion World Bank loan to finance the country’s budget. This follows the falling oil prices and shortfall of production projected…
In this interview, the Managing Director and Chief Executive Officer, Industrial & Medical Gases (IMG) Nigeria PLC, Mr Ayodeji Oseni, offers some tips on the policies that the Federal Government can initiate to drive activities in the industrial and manufacturing…
The Federal Government of Nigeria through the Ministry of Communications, Innovation and Digital Economy has launched the 3MTT programme targeting the training of 30,000 Nigerians in 3 months. The Minister of Communications, Innovation and Digital Economy made this known via…
The House of Representatives has urged the Federal Government to declare a state of emergency in the health sector and allocate significant votes to it in the 2024 budget estimates. This followed a motion by Rep. Fayinka Oluwatoyin (APC-Lagos) during…
The Minister of Works, Senator Dave Umahi, has given contractors with abandoned projects two weeks to return to site or face sanctions. The Minister made this known on Wednesday when he rolled out the Federal Government’s fresh guidelines for the…
