Inflation hits 18.3 %

Inflation hits 18.3 %

The National Bureau of Statistics (NBS) in a report released on Monday in Abuja said  Consumer Price Index (CPI) increased to 18.3 per cent (year-on-year) in October from 17.9 per cent recorded in September. The CPI, which measures inflation, is...
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Unsolicited SMS: MTN, Airtel, others get final warning

Unsolicited SMS: MTN, Airtel, others get final warning

The Nigerian Communications Commission (NCC) on Monday issued a final one-week ultimatum for the telecommunications network operators to put a stop to all unsolicited messages or face sanctions.  The commission said it was worried by the non-compliance by the...
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NNPC redeploys staff, appoints new spokesperson

NNPC redeploys staff, appoints new spokesperson

The Nigerian National Petroleum Corporation (NNPC) has announced the appointment and redeployment of top management staff across board.   According to Group Managing Director of the Corporation, Maikanti Baru,  the changes were informed by the desire to cons...
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‘Only 3000 out of 10,000 kilometers of Nigeria’s waterways are navigable’

‘Only 3000 out of 10,000 kilometers of Nigeria’s waterways are navigable’

The National Inland Waterways Authority (NIWA) has only succeeded in exercising the powers vested on it by the Act establishing Nigeria’s over 3000 kilometers of navigable waterways from Nigeria/Niger and Nigeria/Cameroon borders to the Atlantic Ocean. The G...
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NPA boss seeks transparency in budget implementations

NPA boss seeks transparency in budget implementations

The Nigerian Ports Authority (NPA) at the weekend signed a Memorandum of Understanding (MoU) with BudgiT Information Technology Network as part of measures to open up its budget for the public and provide Nigerians with all the necessary information during...
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Nigeria to end $800m a year wheat import from Russia

Nigeria to end $800m a year wheat import from Russia

The Federal Government is putting measures in place to curtail $800 million on wheat importation from Russia.   According to the Foreign Affairs Minister of State Hajiya Khadija Abba-Ibrahim, the meaure is expected to preserve foreign exchange for the country...
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FG spends N750B for infrastructure development in five months, says Minister

FG spends N750B for infrastructure development in five months, says Minister

As part of measure to reposition Nigeria’s economy, the Federal Government in the last five months mobilized not less than N750 Billion for infrastructure development.   Speaking in Lagos on Saturday at the 2016 Wealth Creation Platform organized by KICC...
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FG congratulates Super Eagles for defeating Algeria

FG congratulates Super Eagles for defeating Algeria

President Muhammadu Buhari on Saturday congratulated the Super Eagles on their 3-1 victory over Algeria in the African qualifiers for the 2018 World Cup in Russia.   Buhari commended the team and its handlers for their determination and high professionalism.....
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Dangote foundation to unveil private sector strategy against malaria

Dangote foundation to unveil private sector strategy against malaria

With Nigeria accounting for 300, 000 out of 100 million deaths arising from Malaria complications worldwide annually, the Dangote Foundation is set to launch a private sector policy documents aimed at reversing the trend. The Dangote Foundation said it was ch...
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‘Nigeria has political will to drive sustainable tourism’

‘Nigeria has political will to drive sustainable tourism’

The Minister of Information and Culture, Alhaji Lai Mohammed, said the Federal Government has demonstrated that it has the political will to drive sustainable tourism in the country,  Speaking at a panel of African Ministers of Tourism, who met on the sid...
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NSE Photo News

NSE Photo News

L – R Abimbola Ogunbanjo, First Vice President, The Nigerian Stock Exchange (NSE); Oscar N. Onyema, OON, Chief Executive Officer, NSE; Prof. Yemi Osinbajo, SAN, GCON, Vice President, Federal Republic of Nigeria; Aigboje Aig-Imoukhuede, CON, President, NSE an...
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Criticism trails FIRS N143B budget

Criticism trails FIRS N143B budget

The dust raised  by the N143 Billion Federal Inland Revenue Service (FIRS) budget for 2017 continued unabated yesterday in the Senate.   At the end of yesterday’s session, the Senate rejected the budget and the report of its Finance Committee, citing...
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Nigeria to unveil Africa’s fifth largest modular floating dockyard in 2017

Nigeria to unveil Africa’s fifth largest modular floating dockyard in 2017

The Director General of the Nigerian Maritime Administration and safety Agency (NIMASA), Dr. Dakuku Peterside, has said that the Agency is set to deliver what will be Africa’s fifth largest floating dockyard in 2017. Peterside stated this during a projec...
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Maritime’s role critical in economic recovery efforts, says NPA Chairman

Maritime’s role critical in economic recovery efforts, says NPA Chairman

The maritime sector has critical role to play in the ongoing efforts to reposition Nigeria’s economy, the Board Chairman of Nigerian Ports Authority (NPA), Mr Emmanuel Adesoye has said.   The obvervations were made by Adesoye and members of the...
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