Three Trucks Carrying Precious Stones Impounded In Zamfara
Zamfara State Command of the Nigeria Security and Civil Defense Corps has impounded three trucks carrying precious stones. The Commandant, Muhammed Muazu, disclosed this at a news briefing in Gusau on Monday, saying that the trucks, loaded with precious stones, were intercepted in Gusau on their way to Sokoto as the drivers had no legal documents for security clearance. The commandant...
National Economic Council Suspends Fuel Subsidy Removal
The National Economic Council, NEC, has suspended the planned removal of subsidy on petroleum products by the end of President Muhammadu Buhari’s administration. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed disclosed this while briefing State House correspondents at the end of the NEC meeting presided over by Vice President Yemi Osinbajo at the Presidential Villa, Abuja. She...
Osinbajo Praises Uzodimma Over Oguta/Orashi Dredging
Vice President Yemi Osibanjo has lauded the plan to dredge the Oguta/Orashi river as an economic transformation project, describing the effort as a game changer for the government of Governor Hope Uzodimma and the people of Imo State. He spoke yesterday at Oguta at a ceremony to flag-off the hydro-graphic survey and dredging of Oguta Lake and Orashi River to...
Buhari Appoints Madein Substantive Accountant General Of The Federation
President Muhammadu Buhari has approved the appointment of Oluwatoyin Sakirat Madein as the substantive Accountant General of the Federation, AGF. This was contained in a statement, dated 19th May, 2023, and signed by the Director, Communications, Mohammed Abdullahi Ahmed, on Friday, in Abuja. The Head of the Civil Service of the Federation, Dr. Folasade Yemi-Esan, stated that the appointment took effect...
Young Nigerians To Undergo Training On Cultural Tourism Economy In China
Young Nigerians will undergo critical cultural tourism training in China, which is strategically billed to reduce unemployment and crime, and also mobilise the youths to drive the Nigerian creative cultural tourism economy. The cheering development was disclosed by the Director General of the National Council for Arts and Culture (NCAC), Otunba Segun Runsewe, who is leading an African delegation to...
Subsidy Removal: Gov. Makinde To Review Minimum Wage Of Oyo Workers
Governor Seyi Makinde of Oyo State has shown commitment to review salaries of civil servants in the state, as part of efforts to cushion the effect of the oil subsidy removal by the Federal Government. The development came barely 48 hours to the commencement of the proposed nationwide strike by labor unions across the country. Consequently, the governor has set up...
Uber, Bolt Drivers Begin Nationwide Strike
The Amalgamated Union of App-based Transport Workers of Nigeria, comprising drivers under the platform of e-hailing companies like Uber and Bolt, has said it will commence a nationwide protest today (Wednesday). It planned to withdraw services of its drivers from the general public today. After the hike in the price of Premium Motor Spirit, the drivers decried the low fare increase...
Emefiele’s Humiliation Despite Keeping Economy Afloat Unacceptable — Agbor Indigenes
A community-based organization, Concerned Citizens of Agbor Initiative also known as Concerned Agbor Citizens, CAC, has condemned in strong terms the suspension and arrest of Mr Godwin Emefiele, Governor of Central Bank of Nigeria, CBN. The group in a press release, signed by Mr Echi Obue and Mr Williams Eghebi, Chairman and Secretary respectively, said the Department of State Security,...
CBN Floats Naira, Allowing Banks To Trade FOREX Freely
Nigeria has officially floated its naira currency after years of sticking with a hard peg that spooked investors and drained dollars from the economy. Sources familiar with the matter told BusinessDay Wednesday that a market rate based on a willing buyer and a willing seller is currently being quoted by banks who sent out emails to some customers confirming the...
President Bola Tinubu To Inaugurate National Economic Council Today
Today, President Bola Tinubu and Vice President Kashim Shettima will host the first National Economic Council meeting. The meeting will include the 36 state governors and the acting governor of the Central Bank of Nigeria. More details to come...
