Federal Government launches five hundred million dollars bond
Written by Oluwakemi Kindness The Federal Government of Nigeria has launched a five hundred dollar million domestic bond, marking a significant milestone in the country’s economic reform and development journey. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who stated this while unveiling the Series I five hundred million dollars Domestic […]
Tinubu vows to crackdown on illegal miners
President Bola Tinubu has pledged that his administration will ensure companies engaged in mineral exploration prioritize the health and safety of Nigerians and the communities hosting these operations. The President made this commitment while receiving a presentation from Course 32 participants of the National Defence College (NDC) in Abuja. The presentation was titled Harnessing the […]
CBN Approves Unity Bank Plc and Providus Bank Merger
The Central Bank of Nigeria (CBN) has announced the approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. This strategic move the bank said is designed to bolster the stability of Nigeria’s financial system and avert potential systemic risks. The apex bank, in a statement […]
Norrenberger Group Says President Tinubu’s Reforms Are Paying Off.
Economic outlook for the second half of 2024 shows that ongoing reforms by the President Tinubu led government are beginning to yield results as seen with cases of improved trade balance, Increased FAAC allocations, Surge in Capital imports, Increased Foreign Reserves and Exchange rate convergence. This is according to the Norrenberger group, which also admitted […]
The Network Of Abuja Left Groups Calls For a Uniformed Salary Structure.
The network of Abuja left groups has called for the implementation of a uniformed salary structure for workers and political office holders, reduction in the cost of petrol and electricity tariff and implementation of a minimum wage that meets the basic needs of all workers. The coalition which is an association of activists committed to […]
HOUSE OF REPRESENTATIVE FAULTS FCTA PARK AND PAY ARRANGEMENT
A House of Representatives has faulted the park and pay arrangement of the Federal Capital Territory Administration (FCTA). The House committee of FCT which stated this during an interactive session with the mandate secretary in charge of the transportation secretariat, Chinedum Elechi, said residents and motorists in the nation’s capital are being harassed by those […]
THE NATIONAL BUREAU OF STATISTICS (NBS), SAYS PRICES OF FOOD ITEMS INCREASED IN JUNE 2024.
The National Bureau of Statistics (NBS), says prices of beans, tomatoes, irish potatoes, garri, yam and other food items witnessed significant price increases in June 2024. The NBS said this in its Selected Food Prices Watch report for June 2024 released in Abuja on Tuesday. The report said that the average price of 1kg of […]
CBN RAISES INTEREST RATE TO 27.65 PER CENT.
The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark lending rate to 27.65 per cent. The hike in the Monetary Policy Rate was disclosed by the Governor of the CBN, Olayemi Cardoso, at the end of the 296th MPC meeting in Abuja on Tuesday. The MPC had maintained a hawkish […]
HOUSE OF REPRESENTATIVES TELLS PARTIES IN ONGOING PETROLEUM SECTOR DISPUTES TO CEASE-FIRE AS PROBE COMMENCES
The House of Representatives on Monday called on all parties involved in the ongoing disputes in the petroleum sector to cease fire pending the outcome of its investigations. The House at the plenary on July 9 constituted a Joint Petroleum Committees on Midstream and Downstream sectors to conduct a forensic investigation towards addressing the pressing issues […]
PRESIDENT DANGOTE GROUP, ALIKO DANGOTE OFFERS TO SELL THE DANGOTE REFINERY TO THE NIGERIAN NATIONAL PETROLEUM CORPORATION LIMITED.
President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in an exclusive interview with newsmen, the businessman expressed his willingness to sell the refinery to address allegations of monopoly in the industry. He stated that if the NNPCL takes over the […]