BUSINESS
Fubara Says He’s Committed To Welfare Of Rivers Workers
Gov. Siminialayi Fubara of Rivers has affirmed his resolve to pursue policies and programmes that will significantly enhance the welfare of the state civil servants. He made the remark on Thursday, when he addressed a group of workers, who were at the Government House to register their grievances over the non-payment of the N100,000 Christmas largesse he approved for state...
Nigeria Railway Authorities Consider Night Operations
The Nigeria Railway Corporation has concluded plans to launch night operations before the second quarter of 2024. The Managing Director of NRC, Fidet Okhiria, disclosed this during an interview with the News Agency of Nigeria on Monday. He stated, “What is limiting us is the night operations, and that is not the way trains should operate. The train is meant to...
Vulnerable Nigerians Will Continue To Enjoy Subsidised Electricity From FG — Minister
The Minister of Power, Adebayo Adelabu, has stated that the federal government will continue to provide subsidised electricity to vulnerable groups in the society while making sure of a cost reflective tariff in the electricity supply industry. In a statement yesterday, the minister said lack of liquidity continues to be a significant challenge in the electricity market. Adelabu noted that understanding...
Sen. Kalu Inspects Multi Billion Naira Cashew Processing Plant, Tasks Youths On Peace (Photos)
Former Abia State Governor, Orji Uzor Kalu has urged youths to shun violence and embrace peace for the overall economic development and progress of the country. According to a statement issued by his media office on Monday, Kalu, who is the lawmaker representing Abia North Senatorial District in the National Assembly, made the call on Sunday in Igbere, Bende Local...
I Prevented Nigeria From Sliding Into Economic Disaster — Tinubu
In his first New Year address to the nation, President Bola Tinubu, on Monday, said he took difficult steps at reforming Nigeria’s economy to avert a looming fiscal crisis He assured Nigerians that the harsh economic realities would not last long, as his reforms would yield the desired results in 2024. Upon assuming office in May 2023, the President announced the...
Adeleke Signs N273.9bn Osun 2024 Budget In Into Law
Governor Ademola Adeleke of Osun State on Friday signed the state 2024 Appropriation Bill into law, promising to ensure its full implementation. The governor’s spokesman, Olawale Rasheed, said in a statement that the total approved budget was N273,908,997,410. Adeleke had presented the budget to the sitting of the state assembly in November. The governor said the budget, tagged: “Budget of Reconstruction and...
Nothing Will Happen To Your Funds, CBN Assures Depositors
The Central Bank of Nigeria (CBN) has asked Nigerians not to fret over the health status of deposit money banks in the country, saying there is no cause for alarm. On the contrary, the apex insisted that Nigerians banks were stable and trudging on strongly, despite prevailing local and global headwinds and ongoing investigations by a presidential panel. The assurance was...
Gov. Mbah Lists Gains Expected As He Signs N521.5bn 2024 Budget Into Law
Governor of Enugu state, Peter Mbah has signed a N521.5billion Enugu State 2024 Budget into law, saying it would engender disruptive economic growth, radical infrastructural development and efficient service delivery. Mbah, who said that the Enugu State 2024 Appropriation Law, consisting N414.3billion Capital Expenditure, representing 79 per cent of the budget and N107.2 billion, representing 21 per cent of the...
Katsina Introduces New Road Tax, Hikes Haulage Fee
The Katsina State Government says it has commenced the implementation of a new order titled ‘Interstate Road Tax Sticker (ISRTS) and Single Haulage Fee (SHF) Order 1. The Chief Press Secretary to Governor Dikko Radda, Malam Ibrahim Kaula, said in a statement that the move, effective from December 22, was an exercise of the powers vested on the governor by...
Newspaper Propretors To Raise Cover Price From Jan. 2
The Newspaper Proprietors’ Association of Nigeria (NPAN), the umbrella body of all newspapers in Nigerian, has announced an increase in the cover prices of newspapers, with effect from January 2, 2024. In a statement by NPAN’s executive secretary, Mr. Feyi Smith, the decision to increase the cover prices became inevitable owing to rising production costs. The statement said: “With effect from...
