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BUSINESS
FEC Approves Reopening Of 4 Land Borders
President Muhammadu Buhari has approved the reopening of four land borders with immediate effect, while others will be reopened subsequently. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this to State House Correspondents after the week’s virtual Federal Executive Council (FEC) meeting, held in the Council Chambers Aso Rock Presidential Villa, Abuja. According to Ahmed, the borders...
FG, CBN propose pre-shipment of inspection certificates
The Federal Government, Central Bank of Nigeria (CBN) and the Nigeria Customs Service (NSC) have hinted on a proposal to introduce pre-shipment inspection and issuance of Clean Certificate of Inspection (CCI) on all mineral commodities due for export. The Federal Government, through the Ministry of Mines and Steel Development, yesterday, made the disclosure during the presentation ceremony of the ministerial committee...
CBN Takes Traders’ Stimulus Package To Abia
As part of efforts to support Abia Traders, Micro, Small and Medium-scale Businesses as well as Households affected by the COVID-19 pandemic, the Central Bank of Nigeria (CBN), has introduced a stimulus package to this regard. The programme is being implemented through NIRSAL Microfinance Bank. In a release signed by the Special Adviser To Abia State Governor On Strategy & Planning,...
Group Condemns Kogi State Govt Over Closure Of Obajana Cement Factory, Says It’s Illegality
A group, The Coalition For Civil Society Groups in Abuja has condemned the illegal closure of Obajana cement factory by the government of Kogi State, describing it as illegality taken too far. The group insists that Kogi State Governor, Yahaya Bello cannot be the complainant and a judge at the same time, calling for immediate reopening of the factory while...
Ghana Announces Removal Of Subsidy On Petroleum
The Ghana National Petroleum Authority has announced removal of fuel subsidy in the country. The removal of the subsidy is part of the country’s implemented regulatory measures to ensure stability across its downstream sector. The Chief Executive Officer of NPA, Abdul Hamid, said this during a presentation at the ongoing Africa Refiners and Distributers week 2023, in Cape Town, South Africa. Hamid...
My Position On Maintenance Of Moribund Refineries Not A Criticism Against Buhari — Gov. Sule
Nasarawa State Governor, Abdullahi Sule, has denied criticising former President Muhammadu Buhari for not making the nation’s refineries functional during his administration. In a statement on Monday by his Chief Press Secretary, Ibrahim Addra, explained that he only spoke about the removal of fuel subsidy when he appeared on Channels Television’s breakfast programme, “Sunrise Daily,” on June 8. He said, “In...
N206bn Inserted In My Ministry’s Budget For Equipment Procurement, Says Umar-Farouq
Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar-Farouq, yesterday, told senators that the N206 billion inserted in the ministry’s budget was for purchase of military equipment. The minister had disowned the money, last week, saying it was allegedly ‘inserted’ by the Ministry of Finance. Lawmakers had requested the two ministers to appear and clear the air on...
Fuel Scarcity Worsens, Abuja Black Marketeers Sell N350/Litre
The lingering fuel scarcity worsened in some parts of the country with motorists buying petrol between N300 and N350-litre in Abuja on Monday. Some Abuja residents, who spoke with our correspondent, lamented the spike in the price of PMS as well as t...
FG Bars Air France, Lufthansa, KLM, Others
The Federal Government (FG) has released the list of international airlines denied approval to operate in Nigeria as international flight resume on Saturday. The international airlines denied flying approval, according to the Minister of Aviation, Hadi Sirika, include Air France, KLM, Etihad, Rwandair, Lufthansa, TAAG Angola Airlines, and others. Some airlines were however denied approval because international flights were yet to...
Yahaya Bello Breaks Silence On Why He, Gov. El-Rufai Stormed Supreme Court Over Naira Notes
Governor Yahaya Bello of Kogi state has explained the reason why he and Governor Nasir el-Rufai stormed the Supreme Court hearing on the old naira notes on Wednesday. The Supreme Court of Nigeria on Wednesday held a brief hearing as regards the case on the naira swap policy of the Central Bank of Nigeria (CBN). The case, however, was adjourned to...
