JUST IN: NRC suspends train operations along Abuja-Kaduna route indefinitely
The Nigerian Railway Corporation has suspended train operations along the Abuja-Kaduna route indefinitely. The NRC made this known in a…
Year: 2022
HURIWA condemns Buhari’s silence on Kaduna airport, rail attacks
The Human Rights Writers Association of Nigeria on Tuesday condemned what it described as the silence of the President, Major…
Buhari, govs, others congratulate Tinubu at 70
The President, Major General Muhammadu Buhari (retd.); the President of the Senate, Ahmad Lawan; Speaker of the House of Representatives,…
Russia-Ukraine war: Soaring shipping costs may worsen inflation in Nigeria, others, IMF warns
THE International Monetary Fund has said rising shipping costs as a result of the ongoing war between Russia and Ukraine…
Telcos warn of disruptions in 11 states over Kogi’s clampdown
THE Kogi State Government through its Kogi State Internal Revenue Service agency has shut down a number of critical telecommunications…
‘Infrastructure funding deficit to hit $100b
Nigeria’s infrastructure funding deficit will grow to $100 billion in the next five years, the Infrastructure Concession Regulatory Commission (ICRC),…
FG establishes SDGs innovation hubs to boost states’ social financing
The Vice President, Prof. Yemi Osinbajo, on Monday, announced the establishment of six Sustainable Development Goals innovation hubs by the…
Fed Govt to reduce wheat importation
The Federal Government (FG) plans to deploy measures to reduce wheat importation into the country. Government said it anticipated that…
Russia-Ukraine crisis: EU begs Nigeria to close gas supply gap
With oil exports from a critical pipeline on Russia’s Black Sea Coast fully halted last Wednesday, the United States and…
FG’s borrowing from CBN rises by 96.54%, hits N18.16tn
The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances has risen by 96.54…
Cross River decries N34m federal allocation for March
The Cross River State Government received only about 15 per cent of its statutory allocation from the Federation Account in…
Buhari mourns US Secretary of State Madeleine Albright
The President, Major General Muhammadu Buhari (retd.), has joined the world to mourn the passage of the United States’ first…
Nigerians need to consume, export what they produce -Emefiele
The Central Bank of Nigeria says Nigerians need to consume what they produce and export the surplus after adding value…
Customs, CBN disagree over e-valuation of imports, exports
THE Nigerian Customs Service has refuted media reports which claimed that the service has adopted the e-evaluator and e-invoicing for…
IOCs fear collapse as FG says N1.36tn crude stolen in 14 months
The total value of Nigeria’s crude oil stolen between January 2021 and February 2022 is about $3.27bn (representing N1.361tn at…
Capital imports in Q4 2021 increases to $2.187m
According to a statement obtained from NBS website, when compared to the corresponding quarter of 2020, capital importation increased by…
Foreign Airlines’ Trapped Funds In Nigeria Hit N117bn
From $147 million (N61 billion) which the International Air Transport Association (IATA) said was the total foreign airlines’ fund trapped…
MTN Names New COO For Nigeria, Appoints Others
MTN Company President and CEO Ralph Mupita remarked, “Today’s announcement reflects the depth of ability within the group, as well as the strength of our succession planning.” Hassan Jaber takes over as MTN Nigeria’s Chief Operating Officer (COO) following Mazen Mroue’s recent appointment as MTN Group Chief Information and Technology Officer. Jaber moved from MTN Irancell where he serves as COO, bringing with him some 25 years of telecoms…
How CBN is stabilising Naira –Emefiele
In his virtual goodwill message at the opening of the 32nd Seminar for Finance Correspondents and Business Editors in Akure,…
FG disburses N142.6m to 14 tertiary institutions for mineral research
Mr. Olamilekan Adegbite, the Minister of Mines and Steel Development (MMSD), announced on Tuesday that N142.6 million had been distributed…
6.4 million applied for N-Power Batch-C programme –FG
Sadiya Farouq, Minister of Humanitarian Affairs, Disaster Management, and Social Development, revealed on Tuesday that the Federal Government received 6.4 million applications for its N-Power Batch-C youth empowerment scheme. N-Power is a federal government initiative launched in June 2016 to combat young unemployment and promote social development. She told…
Chelsea sanctions spark fresh debate over football finance
The crisis that has engulfed Chelsea as a result of the penalties imposed on Russian billionaire owner Roman Abramovich has prompted a new discussion over the money that fuels Europe’s richest league. After Abramovich was targeted by the British government following Russia’s invasion of Ukraine, the Premier League club’s assets were…
Energy crisis: MAN bemoans power crisis, high cost of diesel
As Nigeria’s energy crisis continues to buffet businesses across the country, the Manufacturers Association of Nigeria (MAN) has urged the…
FG will continue to boost business reforms, private sector investment, says Osinbajo
Yemi Osinbajo has said Federal Government will continue to partner with the private sector to ensure wholesome national development. He…
Russia-Ukraine: Nigerian banks not under any major risk, says S & P
The ongoing Russia-Ukraine conflict will have no major negative impact on the overall operations and assets quality of Nigerian banks.…
Buhari summons Gov. Uzodinma, Power Minister, Economic Adviser
President Muhammadu Buhari on Monday summoned Governor Hope Uzodinma of Imo, Minister of Power, Abubakar Aliyu, and his Chief Economic…
Brent rises to $115 as EU considers Russia oil ban
Brent crude, the global oil benchmark, rose 7.3 percent, or $7.88, to $115 per barrel at 7.54 p.m. Nigerian time on Monday, as European Union nations pondered joining the US in a Russian oil embargo. Global oil prices moved higher ahead of talks this week between European Union governments and the United States President,…
FG scraps PCR test for fully vaccinated travellers
The Federal Government announced on Monday that fully vaccinated inbound travelers will no longer be needed to perform a pre-departure PCR COVID-19 test. The FG stated, however, that they will be subjected to a free quick antigen test at the airport by the NCDC in the arrival hall. Many travelers had complained about the high cost of the PCR test, prompting the decision. He added that passengers who are unvaccinated or partially vaccinated are mandated to take a COVID-19 PCR…
Buhari inaugurates 3m metric tonnes Dangote Fertiliser Plant
The President, Major President, Major General Muhammadu Buhari (retd.), has inaugurated the three million metric tonnes Dangote Fertiliser Plant in…
Optimism rises for increased cocoa yield in Ivory Coast
After a prolonged dry season almost cast doubt over Ivory Coast’s ability to record good cocoa yields during the April-to-September…