BUSINESS
Nigeria’s Economy On A Steady Growth Despite Global Challenges, Says Buhari
President Muhammadu Buhari Friday in the State House Abuja stated that despite the disruptions in global economy and internal troubles, the Nigerian economy has continued to be resilient and maintains an upward trajectory. Speaking at the inauguration of a Presidential Committee on the National Economy, President Buhari said the COVID-19 pandemic, the war in Ukraine, and the loss of substantial...
NDE Trains 50 Zamfara Youths On Agriculture, Goat Production
The National Directorate of Employment (NDE) Zamfara State has commenced another round of skill acquisition programme in the post Sustainable Agricultural Development Training Scheme (POST-SADTS) for 50 youths and small stock (goat) production for 50 youths. The programme is designed by the Federal Government under the National Directorate of Employment (NDE) to curb mass unemployment. Declaring the training opened, the NDE...
I Made Buhari Suspend His Plan To Make Nigerians Pay More On Calls, Data — Pantami
Minister of Communications and Digital Economy, Isa Ali Pantami, has narrated his role in the suspension of the proposed five percent tax on calls and data. At the inaugural meeting of the Presidential Committee on Excise Duty for the Digital Economy Sector, in Abuja on Monday, Pantami announced suspension of the proposed excise duty. The minister said the president decided to...
FG Talks Tough, Vows To Deal Bloody Nose On Oil Vandals, Thieves
The federal government yesterday said it would clamp down on vandals and oil thieves sabotaging the economy. The Minister of Interior, Rauf Aregbesola, said President Muhammadu Buhari had given the resources and the marching order to take the war to them. He spoke yesterday at the commissioning of eight gunboats acquired by the Nigeria Security and Civil Defence Corps (NSCDC) in...
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...
Locally Constructed Refineries Should Not Be Called “Illegal” N54.66bn On Turnaround Maintenance Fraudulent — Udensi
Interpol Systems Consultant and security expert, Sir Chikwe Udensi has decried the amount being spent by the federal government on subsidizing petroleum products in the country, put at N1.593trn from Jan to June, 2022. He also said the estimated N54.66bn spent on refineries rehabilitation in the first and second quarters in 2022 is unnecessary. Speaking on Wednesday on Love FM's current...
All Debts Incurred By Buhari Justifiable — Fashola
The Minister of Works and Housing, Babatunde Fashola, has said that the Buhari administration has justified all its debts by constructing various infrastructures across the nation. Fashola stated this at the closing ceremony of the 28th National Council of Works meeting held in Kano on Thursday. He said the ongoing projects across the country had justified the debts, especially when compared...
Energy Transition: Vice President Osinbajo Launches Roadmap, Urges Strategic Plan In Africa
Nigeria's Vice-president, Yemi Osinbajo (SAN) has said it requires a peculiar transition plan in the African continent to fill the energy gap currently in existence, urging that the pathways and the action should be decisive and urgent. “For Africa, the problem of energy poverty is as important as our climate ambitions. Energy use is crucial for almost every conceivable aspect...
We Didn’t Increase Aviation Charges — FG
The Nigerian Civil Aviation Authority (NCAA) and the Federal Airports Authority of Nigeria (FAAN) yesterday denied an increase in charges payable by stakeholders in the sector. FAAN specifically debunked the rumour that it had increased the landing and parking charges payable by foreign and domestic airlines. The Director General of NCAA, Capt Musa Nuhu, and Managing Director of FAAN, Capt Rabiu...
Buhari Vows To Expose Big Names Behind Oil Theft
President Muhammadu Buhari has said his government would soon reveal the identities of important personalities behind oil theft in the country. Senior Special Assistant to the President on Media and Publicity, Garba Shehu who spoke on the president's behalf said that as part of efforts to rid the country’s economy from sabotage of greedy few, security operatives had raided locations...
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