The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is working with the NNPC Ltd. and other stakeholders to guarantee a smooth transition following the removal of fuel subsidy. President Bola Tinubu, in his inaugural speech on Monday, said the fuel subsidy regime had ended with the commencement of his administration. The authority…
The Chairman of Daar Communications, Raymond Dokpesi has died aged 71 in Abuja hospital. A statement by his son, Raymond Dokpesi (jnr), said he died after he suffered a stroke. “It is with deep sadness and heavy hearts that we announce the passing of High Chief Raymond Aleogho Anthony Dokpesi (Ezomo of Weppa-Wanno Kingdom) who…
President Muhammadu Buhari has approved the appointment of outgoing Member of the House of Representatives for Kano Municipal, Sha’aban Sharada as Executive Secretary of the newly established National Commission for Almajiri. Garba Shehu, the President’s spokesman confirmed this on Sunday night in Abuja. According to Shehu, Sharada’s appointment followed the president’s assent to the National…
Elon Musk’s start-up Neuralink on Thursday said it has gotten approval from US regulators to test its brain implants in people. Neuralink said clearance from the US Food and Drug Administration (FDA) for its first in-human clinical study is “an important first step” for its technology, which is intended to let brains interface directly with computers….
President Muhammadu Buhari on Thursday claimed that no administration in Nigeria’s modern history has given so much attention to roads like the government under his watch for years. Buhari stated this at the investiture of the President-elect, Bola Ahamed Tinubu and Vice President-elect Kashim Shettima, which sets the pace for their swearing into office on…
President Muhammadu Buhari has sought the approval of the Senate to issue a promissory note for the payment of 566,754,584.31 dollars, 98,526,012.00 Pounds and N226,281,801,881.64 judgment debt owed by the Federal Government. Buhari’s request was contained in a letter addressed to President of Senate Ahmed Lawan and read at plenary on Wednesday. Buhari in the…
The Federal Executive Council (FEC) has approved that Commercial banks in Nigerian should provide customers with a debit card which doubles as their National Identity card. The new card, according to the Minister of Communication and Digital Economy, Prof. Isa Pantami, will attract no extra cost than the normal fees charged for debit cards. The…
The Monetary Policy Rate (MPR) of the Central Bank of Nigeria (CBN) has raised from 18 to 18.5 per cent The CBN Governor, Mr. Godwin Emefiele, disclosed this at the end of the Monetary Policy Committee meeting, in Abuja, this afternoon. He said that the rate hiking strategy, which started in May last year, has…
The National Bureau of Statistics, NBS, said country’s Gross Domestic Product, GDP, has declined to 2.31 per cent in the first quarter of 2023, blaming the cash crunch experienced during the quarter. The NBS, in a report on Wednesday, said that GDP grew by 2.31 per cent year-on-year in real terms in the reviewed period…
The Federal Government on Tuesday said N5 billion loan facility has been provided at the Bank of Agriculture, BOA, for livestock farmers across the country.The Minister of Agriculture and Rural Development, Dr Mohammad Abubakar, made this known at a news conference in Abuja. Mr Abubakar said the moment has come for livestock farmers to enjoy…
