BUSINESS
NDDC Board: Tompolo Withdraws Ultimatum, Calls For Peace
Ex-militant leader, Chief Government Ekpemupolo (alias Tompolo) has endorsed the outcome of a consultative meeting between traditional rulers from the Niger Delta, Delta State Government, the Ijaw National Congress (INC) and the Minister of the Niger Delta Affairs, Senator Akpabio. The meeting, which held at the traditional headquarters of the Gbaramatu Kingdom, Oporoza town, last Thursday, also had in attendance...
FG Changes Aviation Ministry’s Name, States Reasons
The Federal Government on Wednesday renamed the Ministry of Aviation to the Ministry of Aviation and Aerospace. The Minister of Aviation, Hadi Sirika said that aviation and aerospace were intertwined and Nigeria had the need to proactively set its policies to align with future occurrences. The Minister made the announcement at the sidelines of the Federal Executive Council meeting presided over...
BREAKING: Okonjo-Iweala Elected First Female Leader Of WTO
All indications are that Dr Ngozi Okonjo-Iweala has been Elected as the first female leader of the World Trade Organisation (WTO). A source revealed that Dr Okonjo-Iweala is the top choice for the job, although her contender, Yoo Myung-hee of the Republic of Korea, is still very much in the race. See the full WTO statement titled “WTO members narrow field...
Gov. Otti Unveils Digital Tax Collection System For Transporters, Traders, It’ll Reduce Fraud
The Abia State Governor, Dr. Alex Otti on Monday launched a new digital tax system that would help the state eliminate fraud and intermediaries in revenue generation. The new system, which integrates free medical insurance schemes for all commercial vehicle drivers and riders of Keke and Okada, will see the state also maximise its revenue potential, the governor says. Chief Press...
Delta Assembly Approves Gov. Oborevwori’s N40b Loan Request To Clear Retirees’ Pensions
Delta State House of Assembly has approved a loan request of N40 billion for Governor Sheriff Oborevwori to defray accumulated arrears of pensions owed to retired primary school teachers and local government employees in the state. The approval is one of the first legislative actions of the first session of the 8th Assembly presided over by the Speaker, Dennis Emomotimi...
IMF Says Naira Showing Signs Of Stability
The International Monetary Fund (IMF) has said Nigeria’s currency, the naira, is showing signs of stability. This, it said, is due to recent interest rate hikes and the clearing of foreign exchange backlogs by the Central Bank of Nigeria (CBN). The IMF made this known during a press briefing in Washington DC on Tuesday. “In Nigeria, rate hikes and the clearing of...
Anti-Oil Theft Group Applauds NNPC Trading Boss Over Transparent Service Delivery
A group set up to tackle rising cases of crude oil theft and pipeline vandidalism in the Niger Delta region has commended the Managing Director of the NNPC Trading Limited, Lawal Sade over his outstanding performance and promoting transparency and efficiency in the sector. The group known as the Niger Delta Anti-Pipeline Vandalization and Oil Theft Task Force Group, NAVOTTFG,...
End Fuel Subsidy Now, Save Nigeria’s Economy – Dangote Tells FG
The founder of Dangote Petroleum Refinery, Aliko Dangote, has said it’s time for the federal government to end the fuel subsidy regime. In an interview with Bloomberg on Monday, Dangote said fuel subsidies would lead to the government “paying what they are not supposed to be paying,” hence the need to end it. The business mogul insisted that the President Bola...
Hardship For Nigerians As Inflation Hits Highest Since 2005 At 20.5%
Nigerians are gasping for breath as the inflation rate rose by 0.92 basis points to 20.52 per cent in August from 19.6 per cent in July, the highest since October 2005. This represents the seventh consecutive monthly rise in Headline inflation since February. Food inflation also rose to 23.12 per cent in August 2022, representing a 1.1 percentage-point increase compared...
CBN Seeks Governors’ Support On Monetary Policy Reforms
The Central Bank of Nigeria (CBN) has called for the support of state governors across the federation for its ongoing monetary policy reforms, aimed at restoring macroeconomic stability and rebuilding investor confidence in the Nigerian economy. This was contained in a communiqué issued at the end of the Nigeria Governors’ Forum (NGF) meeting held on Thursday in Abuja. According to the...
