BUSINESS
Naira Will Become Stronger Again —Adeboye
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, says the naira will regain its strength among the league of currencies. He stated this on Saturday morning during the Church’s annual Holy Ghost Congress held at the RCCG International Headquarters along the Lagos-Ibadan Expressway. GLONAT reports that the 78-year-old cleric prayed to God to intervene in Nigeria’s...
Consumers Traders Kick Against Plan To Ban Ponmo
Some Nigerians have kicked against the proposed plan by the Federal Government to ban the consumption of cooked cow skin, popularly known as ponmo. Recall that the Director General of the Nigerian Institute of Leather and Science Technology, Zaria, Prof. Muhammad Yakubu, recently said the institute and other stakeholders would be approaching the National Assembly and state governments to establish...
COVID-19: Economic council meets Buhari, warns of recession
The Presidential Advisory Council on Tuesday warned about dire economic consequences for Nigeria if the raging coronavirus infection was not contained as quickly as possible. The council, which is chaired by Prof Doyin Salami, met with the President, Major General Muhammadu Buhari (retd.), at the State House, Abuja. It said one of the immediate consequences, as shown in the crash of...
EEDC Apologises To Customers Over Power Disruption As Strike Ends
The Enugu Electricity Distribution Company, EEDC has apologised to its customers following a power outage on Wednesday after electricity workers withdrew their services. The company in a release signed by its Head, Corporate Communications, Emeka Ezeh said the withdrawal of service and strike was suspended after the National Union of Electricity Employees, NUEE, Ministers of Labour, and Power reached a...
Costs Of Food, Gas, Fuel Push Inflation To 28.20%, Says NBS
Following the rise in the costs of food, fuel, energy, electricity, and others, the National Bureau of Statistics (NBS) on Friday, December 15, said the inflation rate rose from 27.33% in October 2023 to 28.20% in November 2023. Accounting for the cause of the increase in inflation, the Bureau said food and non-alcoholic beverages costs rose to 14.61%. It also noted that clothing...
Price Increase: After Return Of Fuel Queues In Abuja, Lagos, Nigerians Angry, Apprehensive — IPMAN
Following long fuel queues that have resurfaced in the Federal Capital Territory (FCT) and other states across the country, the Independent Petroleum Marketers Association of Nigeria (IPMAN) on Sunday, said Nigerians were being apprehensive over a likely increase in pump price. This is coming on the heels of increasing queues in filling stations within Abuja, where getting the commodity seems...
FG Promises Free Land To Indian Investors Ready To Come To Nigeria
The Federal Government has promised to offer land to Indian investors who are ready to invest in the country’s creative industry. The Minister of Information and Culture, Alhaji Lai Mohammed, stated this on Tuesday in Abuja when he received the India High Commissioner to Nigeria, Mr Shri Balasubramanian. “We are ready to welcome Indian investors into Nigeria. We will offer...
Nigeria’s Ademola Adeyemi-Bero Appointed As Chairman OPEC Board of Governors
Nigeria has reaffirmed its leadership in the global energy sector with the appointment of Mr. Ademola Adeyemi-Bero, Nigeria’s Governor for OPEC, as Chairman of the OPEC Board of Governors for 2025. His appointment was confirmed at the 189th meeting of the OPEC Conference. Prior to his appointment as the Chairman of the OPEC Board of Governors, he was confirmed as...
You Can’t Increase Electricity Tariff When Workers’ Wages Remain Stagnant, NLC Cautions FG
The Nigeria Labour Congress (NLC) has urged the Federal Government not to increase electricity tariff. The umbrella labour union said while many sectors, including Power, have been increasing tariffs, which have placed more burdens on Nigerians, especially the workers, there have not been commensurate increases in workers’ wages. The NLC said five months after a seven-man technical committee on electricity tariff...
FG: Fuel Subsidy Removal Saved Nigeria $84bn, Funded Major Infrastructure Projects
The Federal Government has declared that President Bola Tinubu’s removal of the petrol subsidy has ended a massive financial drain that cost Nigeria over $84 billion and enabled the funding of 40 key road projects within two years. This was revealed in a policy document titled “Two Years Later: Key Benefits of Subsidy Removal”, released by the National Orientation Agency...
![Ohafia Monarchs Reject 'UDUMEZE OF OHAFIA' Title, Insist It's Unrecognized, Misleading [Document Attached]](https://abntv.com.ng/wp-content/uploads/2025/07/FB_IMG_1752179354516-100x75.jpg "Ohafia Monarchs Appeal For Calm, Reaffirm Neutrality In Ohafia Improvement Union Election Process")
