archiveApril 2024

  The Federal Government has hinted that it may charge an average of N3,000 per toll gate for vehicles using the Lagos-Calabar coastal road upon its completion. The figure was confirmed by the Minister of Works, Dave Umahi, when he featured on a Channels Television programme, The Morning Brief, on...

  The Lagos State Government on Thursday reiterated its resolve to demolish buildings that fail its integrity test. Governor Babajide Sanwo-Olu spoke after 14 buildings in close proximity to the two that went up in flames at Dosunmu Market on the Lagos Island on Tuesday caved in to the fire....

Oyo State governor, 'Seyi Makinde, has declared that there is no cause for alarm over the selection of the next Olubadan, warning individuals peddling divisive tendencies over the matter to desist from such acts. The governor maintained that the due process on the matter includes the nomination of the next...

President Bola Tinubu has congratulated Alhaji Aliko Dangote, the Chairman of the Dangote Group, on the occasion of his birthday on Wednesday. Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, disclosed this in a statement on Wednesday in Abuja. Ngelale said that the President joined the...

  The Association of Bureau De Change Operators of Nigeria (ABCON) has requested that the Central Bank of Nigeria (CBN) prevent non-oil export domiciliary account holders from obtaining foreign exchange through the official market. ABCON’s president, Dr. Aminu Gwadabe, said this in Lagos on Thursday that this measure would increase...

  The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.) Mr. Mele Kyari, has reiterated the crucial role of natural gas in fueling economic growth and industrial development in Nigeria. Kyari spoke at the public presentation of the book “The Rise of Gas: From...

Alhaji (Dr.) Umaru Kwairanga, Group Chairman of the Nigerian Exchange Group (NGX) and Dr. Apochi Agada, Group Managing Director/CEO, Unified Payment Services Limited would Chair and deliver the Keynote Address respectively at The Nigeria Fintech & Financial Inclusion Roundtable 2024 set for Friday, April 26, 2024 in Lagos under the...

Nigeria's economy has gone through very challenging times over the past year. Inflation reached 28.92% in December 2023, the highest in 27 years. Food inflation rose to 33.93% in December 2023. The naira depreciated significantly, losing 25% of value in a single day in June 2023 when the government removed...

  President Bola Tinubu has placed  Nigeria’s economic growth on a flourishing organised private sector, just as he sought their support to drive his administration’s resolve to revamp the struggling economy. Tinubu said the economy was at a turning point and would require the steadfast support of the private sector...

    The Nigerian Electricity Regulatory Commission (NERC) has imposed a fine of N200 million on Abuja Electricity Distribution Plc (AEDC) over non-compliance with the Supplementary Order to the April 2024 Multi-Year Tariff Order 2024 for power distribution companies (DisCos).   NERC, in a letter addressed to AEDC acting Managing...