BUSINESS
NNPC Will Cease To Exist In Six Months – GMD Mele Kyari
The General Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari has revealed that the Corporation will cease to exist within 6 months. His comments are coming a day after President Muhammadu Buhari signed into law the controversial Petroleum Industry Bill. Speaking on Arise TV on Monday, he disclosed that the corporation will be transformed into a private company. READ...
We Don’t Have Immediate Solution To Aviation Crisis — Sirika
The Minister of Aviation, Sen. Hadi Sirika, has said there are no immediate solutions to the multipronged crises rocking Nigeria’s aviation sector. The minister, who held an emergency meeting with the Airline Operators Association of Nigeria (AON) ...
BREAKING: CBN Reduces Monetary Policy Rate To 12.5%
The Monetary Policy Committee (MPC) of Central Bank of Nigeria on Thursday reduced monetary policy rate (MPR), or the controlling lending rate to 12.5 percent, ABN TV reports. It, however, left other monetary policy parameters unchanged. Reading the communique of the meeting, CBN Governor, Mr. Godwin Emefiele, said the MPC resolved to retain the Liquidity Ratio at 30 percent, Cash Reserve...
U.S. Flags Corruption, Trade Barriers In Nigeria In 2025 Report
The United States has raised serious concerns about corruption, lack of transparency, and weak judicial processes in Nigeria, according to the 2025 National Trade Estimate Report on Foreign Trade Barriers issued by the U.S. Trade Representative's Office. The report highlights that corruption is a major obstacle to trade and investment in Nigeria. U.S. companies often face inappropriate demands for...
Ikpeazu Seeks Collaboration Of French Govt In Developing Enyimba Economic City
The Governor of Abia State, Dr. Okezie Ikpeazu has sought the collaboration of the Government of France in attracting French companies to invest in the State, especially the Enyimba Economic City. Governor Ikpeazu spoke on Tuesday when he received in audience, the French Ambassador to Nigeria, Mr Jerome Pasquier who paid him a courtesy visit at his Umuobiakwa Country Home. In...
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...
Coca-Cola Indicted On Product Description – FCCPC
FCCPC accuses Coca-Cola and Nigerian Bottling Company for alleged misleading trade descriptions, ‘Original Taste, less Sugar’ in their product. Nigeria’s Federal Competition and Consumer Protection Commission, FCCPC disclosed this in a statement released to DAILY POST on Thursday. The commission in the statement found Coca-Cola Nigeria and NBC in violation of section 116 of the FCCPC Act as well as...
Banks Will Soon Restore MTN Services – Minister
Minister of Communications and Digital Economy, Isa Pantami, has waded into the trade dispute between commercial banks and mobile network operator, MTN Nigeria. Pantami, in a tweet late Friday, wrote, “On the fallout between @MTNNG and some banks on USSD services today, I engaged with both regulators, the Governor of @cenbank and EVC @NgComCommission. “We have reached an advanced stage of...
FG Secures Fresh $134m Loan From AfDB To Boost Dry Season Farming
The Federal Government has secured a loan facility of $134million from the African Development Bank (AfDB) to help farmers boost seeds and grain production in the country. This is contained in a statement issued by Anthonia Eremah, Chief Information Officer, Ministry of Agriculture and Food Security, on Thursday, in Abuja. Minister of Agriculture and Food Security, Sen. Abubakar Kyari, made this...
Civil Service Must Change Its Reputation Of Inefficiency — Shettima
The Vice-President, Kashim Shettima, has said the civil service must walk away from its reputation of redundancy and inefficiency. Shettima, who also stressed the need to reposition the civil service, decried the changes in leadership dynamics across the board. According to a statement on Sunday by the Office of the Head of Civil Service of the Federation, Shettima who spoke at...
