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Customs Service To Distribute Confiscated Food Items As Hunger Bites Nationwide

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We ‘ll Stick To Official Exchange Rate For Clearing Of Goods — Customs CG

The Nigeria Customs Service (NCS) has expressed its readiness to distribute seized food items to Nigerians to help mitigate the current hardship in the land. It said the distribution will be done after all the food items have been certified fit for human consumption. Recall that hundreds of young Nigerians had taken to the streets in some parts of the country...

Rising Food Prices Inherited From Previous Administration But Tinubu Working Hard To Tackle Challenge — Wale Edun

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The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the President Bola Tinubu government inherited the rising prices of food and general commodities from the previous administration but is doing what it can to bring down the prices of food as well as the soaring inflation rate in the country. The finance minister stated this on...

AEDC Vows To Disconnect MDAs, Aso Villa, DHQ, CBN Others Over Heavy Debt

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No fewer than 86 ministries, agencies and departments of government are owing the Abuja Electricity Distribution Company to the tune of N47bn. According to a public notice by the management of the AEDC, the Presidential Villa owes the DisCo the sum of N923.9m; the National Security Adviser owes N95.9bn; the Ministry of the Federal Capital Territory being supervised by Nyesom...

Bag Of Cement Price To Drop To N7000

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Bag Of Cement Price To Drop To N7000

Cement manufacturers have agreed to bring down the price of the product to between N7,000 and N8,000 per 50kg depending on the location nationwide. During a meeting initiated by the Minister of Works, David Umahi, and attended by his counterparts from the Ministry of Industry, Trade, and Investment, including Doris Uzoka-Anite, in Abuja on Monday, February 19, efforts were made to...

Have Faith In My Father, Seyi Tinubu Tells Nigerians As Hardship Bites Harder

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Seyi, eldest son of President Bola Tinubu, has urged Nigerians to endure the economic hardship being witnessed in the country. Nigerians have been complaining bitterly about the high cost of living, food inflation and hardship in the nation. In a post via Instagram on Monday, the president’s son, who was actively involved in the election campaign, recalled the president’s statement from...

Naira Drops On Parallel Market To N2,000/1£

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Naira Drops On Parallel Market To N2,000/1£

The local currency in Nigeria (Naira) is currently trading at over 2,000 Naira against the British pound in the parallel market Malam Ibrahim, a Bureau de Change operator in Wuse Zone 4, verified the rates on Monday, February 19. He said: “Yes it is true, we are currently selling above N2,000 for the pounds and it is still about the heavy...

Emefiele Responsible For Economic Rot, Nigerians Should Be Patient — Akpabio

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I Have Never Tasted Alcohol Or Cigarette - SP Akpabio

The Senate President, Godswill Akpabio, says the current administration led by President Bola Tinubu met the Nigerian economy in a mess which he claimed was caused by policies carried out by former governor of the Central Bank, Godwin Emefiele. The Senate President spoke during a thanksgiving service by Senator Barinada Mpigi in Koroma, Tai Local Government Area of Rivers State...

FG Summons Cement Manufacturers Over Increasing Cost

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"Intervene In Rivers Crisis" – APC Chieftain Urges Tinubu

The Minister of Works, David Umahi, has summoned prominent cement manufacturers to a meeting over the rising cost of cement. He expressed worry that, despite huge patronage by road and housing contractors to cement manufacturers, the cost of the product was rising at an astronomical rate. A statement signed by the Minister’s Special Adviser (Media), Orji Uchenna Orji, in Abuja on...

FCCPC Seals Abuja Sahad Stores Over Pricing

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The Federal Competition and Consumer Protection Commission (FCCPC) has sealed the Sahad Stores Supermarket in Abuja for price gouging. Price gouging is the practice of increasing the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair The store was sealed during an enforcement exercise at Garki 2 in the nation’s capital on Friday. The...

NUPRC Explains Transfer Of 200 Staff To Lagos

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The Nigerian Upstream Regulatory Commission (NUPRC) has said it transferred 200 of its staff to Lagos in the interest of the nation. The Chief Executive of NUPRC, Engineer Gbenga Komolafe said the motive conveyed in a report of the transfer by Daily Trust could not be substantiated. Komolafe said: “It’s not a decision that was taken out of ill-motives or bad...

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