7:40 AM May 22, 2022

Economy and Business

Buhari approves new bureau for Nigeria data protection

The President, Major General Muhammadu Buhari (retd.) has approved the establishment of the Nigeria Data Protection Bureau to ensure compliance with the Nigeria Data Protection RegulationThi...

Investment in science, technology will rescue Nigeria from current woes, says Tomori

?A Professor of Virology and member of the World Health Organisation’s Technical Advisory Group on COVID-19 Vaccine Composition, Oyewale Tomori, has lamented the refusal of successive administratio...

Three confirmed dead as explosion rocks Niger Delta oil vessel

Three persons have been confirmed dead following Wednesday’s explosion of a Floating Production, Storage and Offloading Vessel called Trinity Spirit FPSO, in Ugborodo (Escravos) offshore location, ...

National Assembly gives revenue agencies N3tn target for 2022

President of the Senate, Ahmad Lawan, on Monday, said that revenue generating agencies of government are capable of generating and remitting N3 trillion annually to the coffers of the Federal Gover...

How to report your bank when displeased – CBN

The Central Bank of Nigeria has released a guide for bank customers and others on how and where they can lodge complaints against financial institutions regulated by it.The financial institu...

Manufacturers association urges CBN to extend e-invoice implementation

The Manufacturers Association of Nigeria has urged the Central Bank of Nigeria (CBN) to extend the implementation of the E-invoice and E-evaluator initiatives by 90 days to accommodate inputs of th...

Reps demand CBN port policy’s suspension, summon Emefiele

The House of Representatives, on Thursday, asked the Central Bank of Nigeria to suspend the electronic evaluation and invoicing policy recently introduced in the import and export chain, warning th...

Abia, Imo farm estates ready for inauguration –FG

The Federal Government on Thursday announced that two farm estates located in Abia and Imo states had been completed and were ready for inauguration.It said the Integrated Farm Estate in Ari...

Fuel subsidy: Stop petroleum smuggling, Lawan tasks security agencies

The President of the Sente, Ahmad Lawan, on Tuesday tasked heads of security and paramilitary agencies to do more to checkmate smuggling of petroleum products out of Nigeria.Present at the m...

Fuel subsidy: NLC suspends planned nationwide protests

The Nigeria Labour Congress has suspended its nationwide protests slated for Thursday 27 and February 2.The congress took the decision at its National Executive Council meeting held virtuall...

BREAKING: CBN retains lending rate at 11.5%

The Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent.The CBN Governor, Godwin Emefiele, disclosed this during a briefing after the first Monetary Policy Committ...

Hisbah confiscates 1,906 bottles of alcoholic drinks in Jigawa

The Jigawa Hisbah Board, says it confiscated 1,906 bottles of assorted alcoholic drinks in its various operations in the state in 2021.The state Hisbah Commander, Ibrahim Dahiru, said this w...

Subsidy removal: Buhari should prepare for popular uprising —SAN

A Senior Advocate of Nigeria, Femi Falana, on Monday, warned the regime of the President, Major General Muhammadu Buhari (retd.), to drop the plan to remove subsidy on petroleum products.Fal...

5G deployment gets boost, CBN gives telcos forex priority

The deployment of fifth generation technology has got a boost as the Federal Government through the Central Bank of Nigeria has placed the telecommunication sector on the priority list for access t...

Fuel subsidy: TUC directs state councils, affiliates to prepare for strike

Following the decision of the Federal Government to remove the subsidy on Premium Motor Spirit with effect from June, the Trade Union Congress has directed its state councils and affiliates to comm...

CBN implements e-invoice for importers, exporters Feb 1

The Central Bank of Nigeria has said that all import and export operations will require the submission of an electronic invoice authenticated by the authorised dealer banks on the Nigeria single-wi...

FRSC impounds 11,060 vehicles, crashes claim 327 lives during Yuletide

The Federal Road Safety Corps impounded no fewer than 11,060 vehicles and booked 20,845 motorists for various traffic violations during its 2021 ‘Operation Zero Tolerance Special Patrol’ which comm...

Buhari didn’t direct anyone to remove petrol subsidy – Lawan

The Senate President, Ahmad Lawan, says the President, Major General Muhammadu Buhari (retd.), has not asked any official in his regime to implement the removal of petroleum subsidy.Lawan di...

Labour lists conditions for fuel subsidy removal, says $9.5bn wasted on refineries

Key labour unions in Nigeria met on Tuesday in Abuja where they outlined the conditions the Federal Government must meet before it would be allowed to stop subsidising Premium Motor Spirit, popular...

Illegal refineries: Wike to meet with LG chairmen, CP, NSCDC commandant Wednesday

The Governor of Rivers State, Nyesom Wike, will on Wednesday meet with the chairmen of the 23 local government areas of the state, the Commissioner of Police and the Commandant of the Nigeria Secur...