A glut of unsold Nigerian oil has built up again with as much as half of output due to be loaded next month still searching for buyers. Traders of the nation’s oil said the surplus has been caused in part Read more…
Category: Policy
President Bola Tinubu has not approved any salary increase for political and judicial office holders, a spokesperson has said. Dele Alake, a spokesperson for the president, was reacting to a statement credited to an official of the Revenue Mobilisation, Allocation Read more…
he Nigeria Labour Congress (NLC) has urged the federal government to shelve its plan to increase electricity tariff by 40 per cent July 1, 2023. It said that if nothing is done to halt increases in tariffs and cost of goods Read more…
From Ifeoma Ejiofor In continuation of her humanitarian gesture to communities in Anambra State, Nnamdi Azikiwe University Teaching Hospital(NAUTH) Nnewi on Tuesday took her medical outreach to Neni in Aniocha local government area. The medical mission was a collaboration between Read more…
Although his name may not be ringing a bell in the ears of many Nigerians, Adebisi Folashodun Shonubi, is one professional banker that the nation’s economy needs to ride through the rough waves, leading to the renewed hope the Bola Read more…
There was a gale of the sack in the nation’s security architecture, and ministries and parastatals, yesterday. There was a clean sweep as President Bola Tinubu retired all the service chiefs, advisers, and the Comptroller-General of Customs, and dissolved boards Read more…
The Central Bank of Nigeria (CBN), last night issued further guidelines directing those seeking foreign exchange for Medical, school fees and Basic Travel Allowance to source them.from.the Investors’ and Exportees’ window. The statement reads in full:”Following the Central Bank of Read more…
Russian President Vladimir Putin made an appearance at the St. Petersburg International Economic Forum (SPIEF) on Friday, delivering a lengthy speech and taking part in a Q&A session. Aside from economic topics, the president made multiple statements on international policy Read more…
Former President Olusegun Obasanjo on Friday said in the early days of Boko Haram insurgency in the North-East, he was told by the founders of the terrorist group that poverty and unemployment drove them into the crime. He however warned Read more…
PRESS AND PUBLIC RELATIONS UNIT PRESS RELEASE PSC APPROVES APPOINTMENT OF FRANK MBA, BALA CIROMA, DIGs; PROMOTES 14 CPS TO AIG; 22 DCPs TO CP The Police Service Commission has approved the appointment of AIGs Frank Mba and Bala Ciroma Read more…
By Ezeakukwu Emmanuel Nsoedo A delegation from the Academic Staff Union of Research Institutions paid a courtesy call to Chief Dr. Innocent Chukwuma CON (Ifediaso Nnewi, Okpuzu Ndigbo) at the Nnewi manufacturing plant of Innoson Vehicle Manufacturing (IVM) Ltd. Recently, Read more…
Nigeria’s central bank allowed the naira to slump to a record low as officials look set to phase out currency controls that have distorted Africa’s biggest economy for years. The naira slid 29% to 664 per dollar at the close Read more…