2nd Niger Bridge: Uzodinma, Ogah, Obiozor, Others Hail Buhari
The Imo State Governor, Hope Uzodimma, some ministers from the South-East zone, including State For Mines and Steel Development, Dr Uchechukwu Ogah and the Ohanaeze Ndigbo President-General, Prof. George Obiozor, at the weekend, commended President Muhammadu Buhari for approving the release of funds for the completion of the Second Niger Bridge. They also expressed joy over other Federal Government-sponsored infrastructural...
Don’t Shut Down Cryptocurrency Business, Atiku Appeals To Buhari
Former vice-president Atiku Abubakar has urged the Buhari administration not to shut down cryptocurrency business, as announced by the Central Bank of Nigeria on Friday. In a statement signed by him on Saturday, Atiku urged government to regulate the sector rather than embarking on an outright shutdown. “This is definitely the wrong time to introduce policies that will restrict the inflow...
Uche Ogah: FG Has Established 6 Mineral Cluster, LED Processing Projects In South East
As the government strives to diversify the nation's economy, the Minister of State for Mines and Steel Development, Dr Uchechukwu Ogah says the federal government has established six solid minerals cluster projects to boost the economy and conserve foreign exchange, ABN TV reports. Ogah who spoke during an interview session in Calabar also revealed that the government has established the...
We’ll Pay 24.3 Million Poor Nigerians 5k Each For Six Months — FG
The Federal Government on Tuesday said about 24.3 million poor Nigerians would get N5,000 each for a period of six months. This translates to N729bn within the six-month period. Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, disclosed this at the inauguration of the Federal Government’s emergency intervention database for the urban poor. A statement issued in Abuja...
Shell Sells Stake In Nigerian Oil Block For $533m
The Shell Petroleum Development Company of Nigeria Limited has announced the completion of the sale of its 30 percent interest in Oil Mining Lease 17 in the Eastern Niger Delta and associated infrastructure to TNOG Oil and Gas Limited for a consideration of $533m. The oil major said in a statement on Friday that the completion followed the receipt of...
Nigeria’s Inflation Rises To 15.75%, Highest Since 2017
The inflation rate in Nigeria jumped in December to its highest level in more than three years, data released on Friday by the National Bureau of Statistics showed. Inflation stood at 15.75 per cent in January, compared with 14.89 per cent in December, marking the 16th straight month of increases. The consumer inflation rate in December was the highest since November...
Sokoto Lawmaker Rolls Out Animal Feed As Constituency Empowerment Material
A member of the Sokoto State House of Assembly, Honourable Buhari Haliru (PDP-Sokoto North I), on Thursday empowered no fewer than 200 constituents with animal feeds to become self-reliant. Haliru, while flagging-up the distribution at his constituency office, said that the aim is to engage the beneficiaries into small businesses in order to support their living standard. “We are confident that...
BREAKING: Senate Passes N13.5trn 2021 Budget
The Senate at a special plenary on Monday passed the 2021 budget totalling N13.5trn. The fiscal document is predicated on oil benchmark $40 per barrel, N3.324trn for debt servicing, N4.1trn for capital expenditure, N5.6 trillion for recurrent, N496 bn for statutory transfer. It has an increment of N505bn. The President, Muhammadu Buhari, presented N13.082trn to National Assembly on October 8. Also, the House...
National Assembly To Raise 2021 Budget By N500bn
The National Assembly is billed to pass the 2021 Appropriation Bill today, raising the total estimated from the proposed N13.08tn to N13,588,027,886,175, an increase of over N500bn. This has been made known in the report by the House of Representatives Committee on Appropriations on the national budget. Both the Senate and the House of Representatives are holding special sessions today mainly...
Food Prices Increasing, Household Incomes Not Steady – NBS
The National Bureau of Statistics (NBS) says prices of most food items increased in November 2020, while income remains unsteady for many households across Nigeria. According to NBS report, titled: ‘Selected food prices watch (November 2020)’, average prices of one dozen of agric eggs (medium size) increased year-on-year (YoY) by 6.64 per cent and month-on-month (MoM) by 1.42 per cent...
