As the federal government prepares to completely deregulate the downstream sector of the Nigerian oil and gas industry in the coming months, stakeholders in the sector have told Nigerians to be ready to pay as much as N750 per litre of petrol at filling stations. This was the highpoint of stakeholders’ interventions during an online…
The Minister of Labour and Employment, Dr Chris Ngige, has said efforts were ongoing to avert the planned industrial action by the Nigerian Labour Congress. To this effect, he said, Tuesday’s meeting of the NLC’s National Executive Committee would focus on plans to address the current cash crunch by the Central Bank The Minister said…
The National Chairman of the People’s Democratic Party, PDP, Iyorchia Ayu, has been suspended on Tuesday amid crisis in the party leadership after the just concluded general elections. The PDP in Benue State had last week announced the suspension of the embattled National Chairman. This is as a Benue High Court, has restrained Ayu from…
Jigawa and Gombe have been rated most business-friendly in the Subnational Ease of Doing Business Report for 2023, ahead of others including the Federal Capital Territory. The report, which is the second edition, released by the Presidential Enabling Business Environment Council, PEBEC, scored Gombe 7.15 and Jigawa 6.79 to emerge as the states providing the…
The Kano State Governor-elect, Engr. Abba Kabir Yusuf, popularly known as Abba Gida Gida is inviting his teeming supporters, members and senior stakeholders of the New Nigeria People’s Party (NNPP) to the presentation of certificate of return to all candidates who won election at the Saturday 18th polls. The Idependent National Electoral Commission (INEC) in…
The Nnamdi Kanu led Indigenous People of Biafra (IPOB) has been ranked as the 10th deadliest terror group in the world. IPOB is a separatist group proscribed and declared a terrorist organisation in 2017 by the federal government. Its leader Nnamdi Okwu Kanu is so revered in Igboland that when he issued orders his followers…
The Executive Secretary of the Nigerian Investment Promotion Commission (NIPC), Hajiya Saratu Umar, has reiterated the federal government’s effort to partner with the Japanese government to explore areas of business partnerships to deepen the investment drive of both countries. Saratu stated this yesterday when the Japanese Ambassador to Nigeria, Matsunnaga Kazuyoshi, paid a courtesy visit…
Vice President Yemi Osinbajo Tuesday launched a $600 million programme for young Nigerians in the technology and creative sectors with a call on African governments and the private sector to do more to support the growth of innovation in the continent. The Vice President spoke at the presidential launch of the Investment in Digital and…
Nigerian government is committed to implementing the African Continental Free Trade Area (AfCFTA) Agreement despite the economic headwinds facing the country. The Minister of State for Industry, Trade and Investment, Amb. Maryam Yalwaji Katagum, who made the disclosure on Monday said the government is providing necessary support for the implementation AfCFTA). Katagum, during a meeting…
An increase in failed payment transactions in February caused a 4.83 per cent decrease in the value of cashless transactions to N37.67tn from the N39.58tn that was recorded in January 2023. This came as the usage of e-payment gateways recorded a 41.29 per cent month-on-month increase according to new data from Nigeria Inter-Bank Settlement System….
