The Federal Government is projecting to attract over $ 2 billion in investment into the Nigerian economy and create more than 250 employment opportunities for different professionals through the Presidential Compressed Natural Gas Initiative (P-CNGi). The Chief Executive Officer, P-CNGi, Engr. Micheal Oluwagbemi, disclosed this at the weekend during the official commissioning of CNG conversion […]
The International Energy Agency (IEA) has projected that fossil fuels’ share in global energy supply would drop to 73% by 2030 and carbon dioxide emissions peaking by 2025 despite the fact that global oil demand would peak this decade at about 102 million barrels per day (mbd) for two more decades. The agency, in its […]
Economists at the Centre for the Study of Economies of Africa (CSEA), a leading Afro-focused economic research consulting firm, have canvassed the need for the fiscal, monetary and economic planning authorities in Nigeria to synergize their policies as a strategic option of achieving a stable exchange rate for the Naira in the foreign exchange (FX) […]
The Accountant General of the Federation (AGF), Mrs Oluwatoyin Madein, has declared that the Federal Government will no longer pay for yet-to-be-awarded projects. Madein, who made this declaration on Thursday during the opening of a one-day capacity-building programme tagged: “Implementation of the Cash Plan Policy in Nigeria: Prospects and Challenges” in Abuja, also stressed that […]
…Assures Completion Of Ongoing Projects Ogun State Governor, Prince Dapo Abiodun, has assured the people in the state that his administration will provide an additional 10,000 affordable houses and complete all ongoing road projects, including the agro-cargo airport in the next four years. He also promised to refurbish Primary Healthcare Centres in the 236 […]
President Bola Tinubu has reacted to the judgement of the Supreme Court on the Presidential election appeal filed by two opposition party candidates, Alhaji Atiku Abubakar of the Peoples Democratic Party (PDP) and his Labour Party (LP) counterpart, Mr. Peter Obi, saying that it is time for all Nigerians to come together and build a […]
The Nigeria Deposit Insurance Corporation (NDIC) has commended the Judiciary on its better understanding of the deposit insurance practice in the current drive towards promoting stability in the nation’s financial system. The corporation’s Managing Director/Chief Executive, Mr. Bello Hassan, gave the commendation in his welcome address at the 2023 Sensitization Seminar, organized by the corporation […]
The Delta State Executive Council has proposed a budget of N714.4 billion for the 2024 fiscal year. The state’s Commissioner of Economic Planning, Mr. Sunny Edekeyan, who made this disclosure after the executive council meeting in Asaba, the state capital, said that in the draft Appropriation Bill soon to be laid before the state’s House […]
The Naira appreciated against the US dollar at the official market on Wednesday, closing at NGN801.10/$1 at the end of the day’s trading session. The local currency’s appreciation in exchange value at the official market represents a 5.83% increase from the N847.77/$1 it traded at the close of the previous day’s session. According to data […]
The Supreme Court, on Thursday, affirmed President Bola Tinubu of the All Progressives Congress (APC) as the winner of the February 25 2023 presidential election that held in the country. The apex court dismissed the application by the People’s Democratic Party (PDP) and its Presidential Candidate, Atiku Abubakar, to bring in new evidence in the […]