BUSINESS
Reduction In Price Of Diesel Will Fight Inflation, Says Dangote
The Chairman of Dangote Group, Alhaji Aliko Dangote, has assured that the slash in diesel price to N1,200 by his refinery below the market rate of N1,650 would help curtail Nigeria’s rising inflation figure. Dangote stated this during a homage visit to President Bola Tinubu in Lagos at commerorate the Eid-el-Fitr celebration. He maintained that the significant reduction in the diesel...
Nigeria’s Electricity Supply Increased By 14.64 In 2023 – NBS
Nigeria’s electricity supply increased by 14.64 per cent in the fourth quarter of 2023 on a year-on-year basis. This was disclosed by the National Bureau of Statistics’ latest electricity report. The report said the country’s electricity supply surged to 6,432 gigawatt-hours in Q4 2023 from 5,732gwh in the previous quarter. Also, the figure represents an increase compared to 5,611Gwh reported in...
NCAA Introduces New Dress Code For Staff
The Nigeria Civil Aviation Authority (NCAA) has unveiled a new dress code for all the Consumer Protection Officers working at the nation’s airports. A statement by Michael Achimugu, NCAA’s Director of Public Affairs and Consumer Protection on Monday said the move is aimed at improving service delivery, and enhancing their visibility in the event of complaints. “This rebranding, which comes with...
Festus Keyamo Speaks On Possible Date For Resumption Of UAE Flight To Nigeria
The Minister of Aviation and Aerospace Development, Mr Festus Keyamo, has revealed that the United Arab Emirates (UAE) airlines could resume flight operations to Nigeria before June. The Minister made the revelation on a breakfast programme, the Morning Show, on Arise TV while confirming that he received a letter from Emirates Airline affirming that all issues had been resolved. “Emirates flight...
FIRS Tenders Apologies To CAN Over Controversial Easter Message
The Federal Inland Revenue Service (FIRS) has apologised to Christians over its Easter message which has stirred controversy among adherents of the faith. In its Easter message to Christians in Nigeria, the FIRS had shared a flier showing a Point of Sale (PoS) machine with the caption, “Jesus paid your debt, not your taxes”. The message triggered an outpour of condemnation...
Moniepoint Microfinance Bank Launches User-friendly USSD Service
Moniepoint Microfinance Bank has launched its Unstructured Supplementary Service Data (USSD) service, enhancing convenience and security for its customers. Managing Director, Moniepoint Microfinance Bank, Mr Babatunde Olofin, explained that the code *5573#, offers a fast, secure, and user-friendly platform for consumers to conduct their banking activities with ease, from any mobile device without the need for an internet connection. According to...
Nigeria’s Borrowing For Unproductive Reasons — Peter Obi
The former presidential candidate for the Labour Party, Peter Obi has described the Nigerian government borrowings as unproductive. Obi stated this in a statement via his verified X handle on Tuesday. According to him, Nigeria’s public debt keeps increasing with little or no impact on the country’s economy. The former Anambra governor said the last administration incurred huge debt especially with the...
Zamfara State Govt Says It Did Not Borrow N14bn
The Zamfara State Government has clarified that the reported sum of N14.26 billion was not obtained through a loan but part of the proceeds from a N20 billion bond initiated by the previous administration in the state. It said the current administration of Governor Dauda Lawal has not taken any domestic or external loan since assuming office. Sulaiman Bala Idris, the...
Gov. Sani Reveals Actual Debt Burden Inherited From Predecessor, El-Rufai
Kaduna State Governor, Uba Sani, has said his administration inherited a huge debt burden of $587 million, N85 billion, and 115 contractual liabilities from the previous administration of Nasir El-Rufai. Governor Sani lamented that due to the rise in the exchange rate, the state is now paying back almost triple of what was borrowed by the previous administration. Governor Sani, who...
VIPs In Lagos, Abuja Responsible For Oil Theft In Niger Delta — Sen. Dickson
Senator Seriake Dickson representing Bayelsa West said some very important personalities (VIPs) from Lagos and the Federal Capital Territory, Abuja, are behind oil theft in Niger Delta. Dickson stated this in an interview on Channels Television on Friday. The two-term governor of Bayelsa State said the official system and oil companies are beneficiaries of oil theft in the Niger Delta. According to...
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