BUSINESS
Let’s Be Patient With Tinubu, He Inherited “Almost Comatose” Administration — Abiodun
Governor Dapo Abiodun of Ogun State believes Nigerians should be patient with President Bola Tinubu’s government which, according to him, inherited an “almost comatose” administration. Tinubu came to power in May – taking over from Muhammadu Buhari of the same APC and quickly introduced economic reforms aimed at restoring public finances and attracting more foreign investment. His administration has ended...
NERC Explains Reason For Saturday’s Grid Collapse
The Nigerian Electricity Regulatory Commission has revealed that Saturday’s grid collapse was a result of a current transformer explosion. For the third time in one week, the national grid collapsed again on Saturday. Power generation went off on Saturday morning around 8:16. Giving an update on the collapse in a statement on its social media handles, the NERC said it “Notes with...
CBN Releases $265Million To Airlines
In a move to check the crisis in the country’s aviation sector, the Central Bank of Nigeria (CBN) yesterday, released the sum of $265 million to airlines operating in the country, to settle outstanding ticket sales. A breakdown of the figure indicates that the sum of $230 million was released as special FX intervention while another sum of $35 million...
Finding A Job In Nigeria Made Easy – Recruitment Wing
Whether you’re a fresh graduate from a Nigerian University or someone who’s been in the job market for years – job hunting is tough. Have you thought of rethinking your approach to finding a job? There’s no denying it – searching for jobs i...
FG Earmarks N2.55tr For Subsidy In Supplementary Budget
President Muhammadu Buhari has earmarked N2.55trillion for fuel subsidy in the 2022 Supplementary Appropriation Bill transmitted to the National Assembly for consideration and approval. The Federal Government had informed the subsidy regime will end in June 2022. Fuel queues appeared since last week across the nation over rising import costs of the product. READ ALSO: President Buhari Submits Supplementary Budget To NASS...
Have Faith In My Father, Seyi Tinubu Tells Nigerians As Hardship Bites Harder
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...
Bailey Bridge Ohafia Shuts Down Midnight Monday For Maintenance
Member representing Arochukwu/Ohafia federal constituency, Hon. Uko Nkole has announced the closure of Bailey bridge located along Ohafia -ABAM for maintenance starting from midnight of today monday 01/03/2021. This is contained in a statement issued by Ibem Onwuka, Media Assistant to the House of Representatives member. This is to enable the authorities carry out a repair work on the collapsed bridge. All...
Nasarawa Governor, Abdullahi Sule Expresses Shock Over Reduction In Naira Value
Governor Abdullahi Sule of Nasarawa State has expressed shock over the continued fall in value of naira against the dollar. He, however, hoped the situation would be reversed soon. The governor, who spoke in an interview on Channels Television’s ”Politics Today” programme on Wednesday night, said he was extremely worried over the move of the Central bank of Nigeria, CBN, to...
Nigeria’s Food Imports Rise By 16% Amid Growing Food Insecurity
Amid escalating food insecurity driven by intensified conflicts and climate-related disruptions to farming across Nigeria, the country’s food imports surged by 16% in 2024, reaching $2.5 billion, up from $2.13 billion in 2023. The World Bank’s 2025 Food Security Update revealed that an additional one million Nigerians faced acute food insecurity in 2024, largely due to the ongoing conflict and...
ONNE FREE ZONE REMAINS TOAST OF INVESTORS — OGFZA
RIVERS - The Oil and Gas Free Zones Authority (OGFZA) has described its flagship Free Zone in Onne, Rivers State, as the toast of the global investing community and first port of call for those seeking opportunities for good return on investment in oil and gas related businesses. The Acting Managing Director of OGFZA, Mr Adekunle Ajayi, made the remark...
