1:40 PM August 18, 2022

Economy and Business

Buhari welcomes first ship at Lekki Deep Sea port

The President, Major General Muhammadu Buhari (retd.), has congratulated the Federal Ministry of Transportation and the Nigerian Ports Authority on the successful berthing of the first ship at Lekk...

BREAKING: Accountant-general suspended over N80bn alleged fraud

The Accountant General of the Federation, Ahmed Idris, has been suspended indefinitely over alleged N80 billion fraud.He was suspended by the Minister of Finance, Budget and National Plannin...

Abia retirees protest non-payment of 38 months’ pension

Retired civil servants in Abia, on Wednesday, protested the non-payment of pensions and gratuities to them by the state government.Under the aegis of Concerned Abia Pensioners, the aged reti...

Why national grid collapsed — ministry

The Federal Ministry of Power has revealed the reason behind the recent collapse of the national electricity grid.In a statement signed by the media aide, Isa Sanusi, on behalf of the Minist...

CBN recovers N1bn agric loans in Cross River

The sum of N1.065 billion Central Bank of Nigeria guaranteed agric loans have been recovered from Cross River State farmers who benefited from Agricultural Credit Guaranteed Scheme Fund.Chai...

Naira may fall to N700 per dollar over oil theft, low export – NACCIMA, economists

To stem the steady fall of the naira against the dollar, the Federal Government has been advised to as a matter of urgency put an end to the festering crude oil theft, boost oil production and put ...

Six years after, FG revisits $1bn solar power investment

The Federal Government says it has arranged a meeting for a proposed $1bn investment in solar power.The proposed project, which is expected to generate 10,000MW, has been stalled since 2016....

Buhari charges EFCC against political interference

The President, Maj.-Gen. Muhammadu Buhari (retd.), on Friday, admonished the Economic and Financial Crimes Commission to avoid being used for partisan politics or settle personal disputes.Bu...

PENGASSAN blames fuel scarcity on lack of forex

The Petroleum and Natural Gas Senior Staff Association of Nigeria on Wednesday attributed the fuel scarcity to the non-availability of forex.The PENGASSAN President, Mr Festus Osifo, made th...

Nigeria facing serious economic, security challenges, APC Senator admits

Nigeria is facing serious economic and security challenges, the Senator representing Lagos East Senatorial District, Tokunbo Abiru, has said.Abiru made this known during a media parley over ...

Fuel scarcity: FG implements 25% freight rate increase for NARTO

The Federal Government has approved and commenced the implementation of the 25 per cent freight rate increase to members of the Nigerian Association of Road Transport Owners in a bid to clear the f...

Take advantage of import duty waivers, FG tells manufacturers

The Deputy Director of Industrial Development, Mr. Mohammed Bala, who represented the Minister of the Federal Ministry of Industry, Trade and Investment, Mr. Adeniyi Adebayo, has urged manufacturer...

Grid collapse: We’ve resolved nationwide blackout, says FG

The Federal Government, on Wednesday, claimed that it has solved the power outage being experienced across the country.However, the apex government blamed pipeline vandalisation, grid collap...

Blackout worsens as national grid suffers second collapse within 48 hours

Some parts of the country were on Tuesday thrown into darkness following another system collapse of the National Grid.The Head, Corporate Communications, Ikeja Electric Plc, Mr Felix Ofulue,...

Six ships carrying petrol, other items waiting to berth in Lagos

The Nigerian Ports Authority on Tuesday said six ships that had arrived at the Lagos ports were waiting to berth with fuel, automobile gasoline, and bulk sugar.NPA in its ‘Daily Shipping Pos...

Unemployment: NASFAT to open cottage industry in December

The Nasrul Lahi-L-Fatih Society on Sunday said it would open a cottage industry that would basically deal with the value-chains of palm kernel for teeming unemployed youths in the country.Th...

Farmers back FG’s ban on produce direct sale

The All Farmers Association of Nigeria on Saturday lauded the Federal Government for banning direct sales of farm produce involving indigenous farmers and foreign nationals.According to a pr...

Oil bunkering: Security agencies’ involvement frustrates govt efforts – Wike

The Rivers State Governor, Nyesom Wike, has said the Nigeria’s economy will remain vulnerable and weak if illegal bunkering and artisanal refining of crude oil continues unabated, alleging that sec...

Fuel scarcity is FG’s tactic towards price increase -HURIWA

Civil rights advocacy group, Human Rights Writers Association of Nigeria, has said the fuel scarcity experienced in parts of the country is a tactical way of making Nigerians accept an increase in ...

Nigeria’s budget system ‘fraudulent’, says Obaseki

The Edo State Governor, Godwin Obaseki, on Monday, called for a more transparent and accountable budget system in the country, noting that the current process is practically fraudulent.Obase...