President Bola Tinubu on Wednesday signed the N2.17 trillion 2023 supplementary budget. The signing of the Supplementary Appropriation proposal by the President followed its passage by both chambers of the National Assembly last week. The proposal, which was approved by the National Assembly, has now effectively become a law, making it possible for the federal […]
The Executive Director of the International Energy Agency (IEA), Fatih Birol, has expressed the agency’s concern about the escalating Israeli-Palestine war at the Gaza strip in view of the potential negative implications for the stability of the global oil market. Birol, who expressed his concern during an interview with S&P Global Commodity Insights, warned that […]
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has said that African countries’ default rate in infrastructure financing is one of the lowest globally. The development finance banker made this disclosure during his address to participants at the African Investment Forum (AIF) with the theme ‘Unlocking Africa’s Value Chains’ held in Marrakech, […]
The Nigeria Customs Service (NCS) has reported the seizure of 13 trailer loads of foreign parboiled rice and 17 vehicles, among other notable items, worth N1,241,777,700 in October this year. The Service, in a statement published on its official X (formerly Twitter) account on Wednesday, quoted the Acting Comptroller of the Federal Operations Unit Zone […]
Tracka, BudgIT’s service delivery promotion platform, which allows citizens to collaborate, track, and give feedback on public projects in their communities, has uncovered N8.6 billion payments to 26 contractors for 19 projects across nine states that had either been abandoned or not done at all. A report by the civil advocacy organization circulated to our […]
The NNPCL/Aiteo Joint venture has announced the introduction of Nembe crude oil grade, a new crude oil grade into the international crude oil market. The announcement of the introduction of the new crude oil grade produced by Aiteo, the operator of the NNPCL/Aiteo Oil Mining Lease (OML) 29 Joint Venture (JV), was made at the […]
The Nigerian Communications Commission (NCC) has said that effective application of Information and Communication Technology (ICT) is crucial to combating financial crimes by enabling real-time surveillance, regulatory compliance, and secure data processing, just as it sought a multidisciplinary and multi-stakeholder collaboration to address issue of illicit financial flows in the country. The commission’s, Executive Vice […]
The Senate on Monday convened an emergency plenary session to adopt the vote and proceedings of the last plenary, held last Thursday as they related to the new fiscal and electoral officers requests by President Bola Tinubu for its consideration. Specifically, the emergency plenary was convened to gazette the confirmation of the ten resident electoral commissioners […]
President Bola Tinubu has called for improved African countries’ commitment to the development of their nation’s maritime sector through the provision of critical infrastructure and investing in the ports towards facilitating cross-border trade in the continent. The President, who gave this charge on Monday in Lagos while declaring open the 43rd Annual Council Meeting and […]
Researchers at Bancorp Securities Limited, one of Nigeria’s investment research and consulting services providers, have projected mild profit taking activities on the Nigerian Exchange this week as price correction, sentiment ceilings and a promulgation of risk averseness would possibly define the overall market sentiments. The experts, in the firm’s ‘Weekly Stock Recommendation for Nov 6 […]