10:11 AM December 06, 2021

Economy and Business

Petrol tanker overturns, explodes in Ogun

A tanker loaded with Premium Motor Spirit, popularly known as petrol, on Sunday, exploded in Abeokuta, the Ogun State capital.Our correspondent learnt that the tanker overturned around 04.45...

BREAKING: CBN retains lending rate at 11.5%

The Monetary Policy Committee of the Central Bank of Nigeria has left the Monetary Policy Rate unchanged at 11.5 per cent.The CBN Governor, Godwin Emefiele, disclosed this after the committe...

IPMAN confirms availability of kerosene; black market selling for N450/ltr

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has confirmed the availability of domestic kerosene in the country.The National Public Relations Officer of the association...

N-Power to accommodate additional five million beneficiaries —FG

Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar FarouqThe President, Major General Muhammadu Buhari (retd.), has ordered the Federal Ministry of Hum...

Embrace Mortgage Housing, Enugu govt urges residents

The Enugu State Government has urged its residents to leverage opportunities in mortgage schemes to provide affordable houses for the low-income earners to address the housing deficit in the state....

Two feared dead in Lagos BRT, commercial bus crash

Two people were feared dead and several others injured in a crash involving a Bus Rapid Transit vehicle and a commercial bus on the Ile-Epo, Agege end of the Lagos-Abeokuta Expressway, Lagos State ...

Village Head to pay woman N8.5m for encroaching on her land

A Kaduna State High Court has ordered a Kaduna Village Head, to pay N8,500,000 to one Hajia Binta Shagamu, over encroachment of her land in the Kakau area of Chikun Local Government Council of the ...

Ugwuanyi Appoints Didigwu As Surveyor-General

Governor Ifeanyi Ugwuanyi of Enugu State has approved the appointment of surveyor, Dr Augustine Didigwu, as the Surveyor-General and Head of the state’s Survey Department.The appointment was...

Scam Alert: NNPC disclaims fake 50th anniversary quiz contest

The Nigerian National Petroleum Corporation (NNPC) on Tuesday disowned a fake quiz competition trending online which claimed to celebrate its 50th anniversary.The Group General Manager, Grou...

UNIZIK signs PPP to establish transport scheme

The Nnamdi Azikiwe University, Awka in Anambra State, has signed a Private Public Partnership, PPP, arrangement with integrated Mass Transit Companies to create jobs, employment through the establi...

Airport project: Ekiti farmers protest delay in payment of compensation

No fewer than one thousand farmers across five communities in Ekiti on Monday staged a protest against non-payment of compensation for their farmlands acquired by the state government.The Ne...

Agriculture lifted 4.21 million Nigerians out of poverty – FG

The Federal Government has said about 4.21 million Nigerians were lifted out of poverty through the agricultural sector in the past two years.The Minister of Agriculture and Rural Developmen...

Rivers gov’t commences preparation to tackle flooding

The Rivers State Government has commenced moves to tackle the impending 2021 flooding as predicted by the Nigerian Metrological Agency (NiMET) and the Nigerian Hydrological Service Agency...

CAC grants CCB access to database for speedy investigation of suspected illicit dealings

In a bid to boost Nigeria’s fight against Corruption, the Corporate Affairs Commission (CAC) moves to grant the Code of Conduct Bureau (CCB) access to its database to enable it to carry out a seaml...

MAN, others excited as Ogun boosts ease of doing business

The Manufacturers Association of Nigeria and other stakeholders have lauded the unveiling of a business premises registration portal by the Ogun State Government as part of efforts to improve t...

Price hike: Dealers urge repeal of import tax on cooking gas

Some dealers in Liquefied Petroleum Gas, otherwise called cooking gas, in Nsukka have blamed its price hike on the reintroduction of import tax on the commodity.Those who spoke on the develo...

Excavation destroys 1924 Enugu water intake work

The excavation site of Reynolds Construction Company, RCC, at Akama- Ngwo from where the company sources sand for construction of roads in Enugu state has damaged the Iva Waterwork, the oldest wate...

Adesina commend Singapore’s investment in Africa at ASBF

The President of the Africa Development Bank, Dr. Akinwumi Adesina has commended Singapore for its huge investment in Africa.Adesina who spoke at a panel discussion at this year virtual edit...

Delta goes into partnership with Koolboks for supply of solar refrigerators

DELTA State Government has signed an agreement with a private firm, Koolboks for the supply and maintenance of solar refrigerators to primary healthcare centres across the state under the Public-Pr...

Nigeria to commence manufacturing of airplanes, as FG partners Hungarian company

Before the end of 2023, Nigeria may be among the countries that manufacture aeroplanes as the federal government has entered into a partnership with a Hungarian airplane manufacturing company.E...