BUSINESS
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...
Tinubu, Soludo Meet To Discuss Democracy, Security, And Economic Reforms
President Bola Ahmed Tinubu says his meeting with Anambra State Governor, Prof. Charles Chukwuma Soludo, at the Presidential Villa, Abuja, centered on deepening democracy, strengthening security, and advancing ongoing economic reforms. In a statement on his official X handle on Wednesday, Tinubu described Soludo as “a friend of over two decades,” adding that both leaders share a vision for progressive...
Nigerians Will Pay Higher Electricity Tariffs – FG Assures IMF
Nigerians will pay much higher electricity tariff in 2021, going by promises made by the Federal Government, FG to the International Monetary Fund, IMF while seeking the $3.4bn emergency financial assistance recently approved for Nigeria. The Executive Board of the IMF approved the Rapid Financing Instrument, which the Federal Government plans to use to address the economic impact of the...
Naira To Appreciate, Settle At N600/$1 In Coming Months, Says JP Morgan
According to JP Morgan, an American global financial services organization, the naira is likely to strengthen and trade at around N600 per dollar in the coming months. The estimate was provided by the financial institution in a statement issued on Thursday. The Central Bank of Nigeria announced on Wednesday the unification of all parts of the currency exchange (FX) market, indicating...
Buhari Has Done Well in Job Creation – Festus Keyamo
The Minister of State for labour (state), Festus Keyamo on Sunday, May 31, said the Buhari-led administration has done well in job creation in the last five years. Keyamo said this while appearing on Channels Television “Sunday Politics” programme. Festus Keyamo stated that the effort of the government has gone unnoticed because Nigeria’s population grows faster than the rate of job...
FG Takes Over Revenue Management Of NNPC, Customs, FIRS, NCC, Others
The Federal Government on Tuesday moved to boost its resources by directly taking over control of revenue management of its 10 most lucrative Enterprises. The 10 government-owned enterprises (GOE) named in the first phase of the initiative are Nigerian National Petroleum Corporation (NNPC), Nigerian Ports Authority (NPA), Nigeria Maritime Administration and Safety Agency (NIMASA), Federal Inland Revenue Service (FIRS)...
African Economy Can’t Industrialise In Darkness — AfDB President
President, African Development Bank (AfDB), Dr Akinwunmi Adesina, has said that no economy can industrialise in darkness, underscoring the importance of electricity in growing the fortunes of any nation. In appreciation of the need to electrify Africa, Adesina said that the World Bank Group and the AfDB are collaborating to provide energy access to 300 million Africans by 20230. Adesina and...
Buhari Approves Naira Notes Redesign
President Muhammadu Buhari on Sunday voiced his support for the decision of the Central Bank of Nigeria, CBN to launch new designs and replace high-value Naira notes. This was as he noted that the nation would gain a lot by the new initiative, especially its impact on illicit monies. According to a statement signed by his Senior Special Assistant on Media...
NNPC Declares State Of Emergency On Crude Oil Production
In a bid to boost Nigeria’s crude oil production and reserves, the Nigerian National Petroleum Company Limited (NNPC Ltd) has declared a state of emergency on production in the country’s oil and gas industry. Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, made this announcement during his keynote address at the opening ceremony of the 23rd Nigeria Oil...
Tinubu Piloting Nigeria To Economic Recovery — Shettima
Vice President Kashim Shettima says Nigeria is currently on the path of economic recovery. Shettima stated that the country’s Gross Domestic Product (GDP) grew by 2.98 percent year-on-year in real terms in the first quarter of 2024. According to him, the performance of the GDP in the first quarter of 2024 was driven mainly by the services sector, which recorded a...
