BUSINESS
Lagos Releases 20,000 Bags Of Eko Rice, Tags 50kg At N43k, 25kg For N22k
Lagos State Government has concluded plans to release additional 20,000 bags of Eko Rice for distribution to various designated markets for the period of Yuletide in the month of December. The state government, while saying that 20, 000 bags had earlier been released in the month of November, added that the number represent 10 per cent of total requirement of...
Minister Seeks Soft Repayment Of Mortgage Loans
The Minister of Housing and Urban Development, Ahmed Dangiwa, has urged mortgage banks to adopt rent-to-own mortgage options and flexible monthly mortgage loan repayments as strategies to develop innovative mortgage products and make commercial loans more affordable. He also urged all bank CEOs to ensure that Nigerians within the low and medium-income segments have access to affordable mortgages. According to him,...
Nigeria, Kuwait Reach Agreement To Commence Direct Flights
The Nigerian government has signed a Bilateral Air Services Agreement (BASA) with Kuwait for the commencement of direct flights. This was disclosed by the Minister of Aviation and Aerospace Development, Festus Keyamo, on his X handle (formerly Twitter). BASA is an air transport agreement between two countries that allows designated airlines to operate commercial flights, covering the transportation of passengers and...
Tinubu Needs Petroleum Minister — Ex-SGF, Falae
On the backdrop of the current inflation rate, former Secretary to the Government of the Federation (SGF) and Minister of Finance, Olu Falae has harped on the need for the government to manage inflation the right way. He explained that “As of August 1990 when I ceased to be Minister of Finance, the exchange rate was 5, naira 50 kobo to the...
Tinubu Sacks 5 Heads Of Aviation Agencies, Suspends NCAA DG Over Alleged Corruption
President Bola Tinubu on Wednesday, sacked the heads of various agencies in the aviation sector, replacing them with acting and substantive heads. They include Mr. Kabir Mohammed of the Federal Airports Authority of Nigeria; Mr. Tayib Odunowo of the Nigerian Airspace Management Agency; Akinola Olateru of the Nigerian Safety Investigation Bureau; Prof. Mansur Matazu of the Nigerian Meteorological Agency; and...
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...
Yuletide: FG Names Five Companies Involved In 50% Discounted Transportation Fare
The Federal Government has announced five transport companies to be involved in the agreement for the 50 percent fare cut during the Christmas festival. Recall that the Federal Government had, on Wednesday, announced that President Bola Tinubu has approved a price rebate of 50 percent for ordinary Nigerians travelling between December 21 and January 4, 2024. The price cut was to...
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...
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...
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...
