The Federal Government on Wednesday hinted that it would delist unverified civil servants from its payroll after the ongoing Integrated Personnel and Payroll Information System (IPPIS) verification exercise by Friday this week. The Director of Communication, Office of the Head of the Civil Service of the Federation (HOCSF), Mr Mohammed Ahmed, in a statement pointed […]
The Nigerian Railway Corporation has disclosed that from next week, electronic ticketing (e-ticketing) on the Lagos-Ibadan standard gauge will commence after months of arrangements to digitalize the ticketing process. The corporation’s Managing Director, Fidet Okhiria, while fielding questions at the Television Continental (TVC) on Tuesday on Tuesday confirmed that the final testing of the ticketing […]
The Director-General of the Debt Management Office, Ms. Patience Oniha, has projected that ongoing Federal Government’s efforts to enhance the nation’s revenue through current fiscal reform initiatives could help in reducing the nation’s debt service ratio to GDP by 20% in the medium-term. Oniha, who made this projection on Wednesday during an interview with Bloomberg, […]
The Central Bank of Nigeria CBN) has reported that Nigeria’s total money supply (M2) increased to N66.4 trillion in September 2023. The money supply, also known as M2, represents the total amount of money available in the economy at a particular moment, including physical currency such as coins and banknotes as well as deposits maintained […]
The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Mr Olorundare Sunday Thomas, has unveiled seven new strategic thrusts for implementation by the commission in its sustained efforts to transform the insurance industry and its contributions to the nation’s Gross Domestic Product (GDP) in the next decade. The industry expert, […]
Researchers and investment experts at Bancorp Securities Limited, a leading investment research and consulting firm in Nigeria, have projected that the Nigerian Exchange (NGX) broad market sentiments will remain positive amid growing interest of foreign investors in Nigeria based on the President Bola Tinubu’s recent parleys with global stakeholders to attract investments into the country. […]
Ogun State Governor, Prince Dapo Abiodun, has promised that about 200 units of semi-detached, detached, fully detached duplexes and terraces under construction at the Muhammadu Buhari Estate, Abeokuta would be completed and delivered before the end of the year. Abiodun, who hinted that the government was working towards providing affordable houses to all strata of […]
…..As consumers pay 4.27% higher for diesel M-o-M Motorists and other fuel users in the country bought fuel at an average retail price of N626.21 per litre in September, indicating a 226.75% increase when compared to the value of the product in the corresponding month of last year. However, the Premium Motor Spirit (Petrol) Price […]
The United Kingdom (UK) government has pledge to help African countries expand their critical mineral supply chains – with a focus on promoting mineral exploration and processing, generating value-added activities and creating local jobs. The country made the pledge on Wednesday during the Critical Minerals Africa 2023 summit in South Africa to enable African countries […]
The Nigerian National Petroleum Company Limited (NNPCL) has assured motorists and other fuel users in the country of adequate product to meet their demands amid resurgence of queues in filing stations in major cities nationwide. While advising motorists and other users of the commodity not to engage in panic buying, the company attributed the recent […]