The Nigerian Content Development and Monitoring Board (NCDMB) has commissioned Amal Technologies Gas Leak Detection Device and Printed Circuit Board Manufacturing Facility at Idu, Abuja, in furtherance of its sustained efforts to tackle the growing oil leakages and thefts in the hydrocarbon resources industry in the country. In his remarks at the ceremony, the Minister […]
With the removal of fuel subsidy last June by the President Tinubu’s administration, travellers in the country have been paying higher fares for all modes of transportation, with the average intercity transport fare per drop surging by 61.27% last November for road travels. The National Bureau of Statistics, in its ‘Transport Fare Watch (November 2023)’ […]
…Provides Digital Feedback Box For Complaints Apparently worried about growing complaints by bank customers over inability to withdraw cash to meet their needs over the past few weeks, the Central Bank of Nigeria (CBN) on Thursday cautioned banks and Point of Sale (PoS) operators nationwide to immediately ease cash withdrawals to depositors. The apex bank, […]
The National Bureau of Statistics (NBS) on Thursday reported that Nigeria’s unemployment rate rose to 4.2% in the second quarter of 2023, representing a marginal increase of 0.1% over the 4.1% rate recorded in the preceding quarter. The Bureau, in the latest ‘Nigeria Labour Force Survey (NLFS) Q2 2023 report showed that the labour force […]
Nigeria’s total external debt stock declined to $41.59 billion as of the third quarter this year, representing $1.57 billion drop from the $43.16 billion it stood in the third quarter of last year The Debt Management Office (DMO) gave these figures in its juts published third quarter 2023 public debt report. According to the report, […]
Following remarkable efforts of the President Bola Tinubu-led administration to attract foreign investments into key sectors of the nation’s economy at the just concluded Conference of Parties (COP28) in Dubai, the Nigerian National Petroleum Company Limited (NNPCL) has signed a Memorandum of Understanding (MoU) with TotalEnergies for the adoption and deployment of a methane detection […]
President Tinubu has approved a 50% discount on road transport travel across the country from December 21, 2023, to January 4 next year. The Minister of Solid Mineral Development, Dele Alake, who disclosed this to journalists at the State House in Abuja said the action was part of Tinubu’s initiatives aimed at easing the lives […]
Egbin Power Station, one of the thermal power stations in the country, has been temporarily shut down for maintenance works on a crucial gas pipeline linked to the power plant. According to information on the station’s shutdown, the shutting of the plant was carried out at 11:13 hours on Monday, and would last for three […]
Researchers at Comercio Partners, a leading trading, investment and advisory services providers have projected that Nigeria’s inflation would sustain the current surging trend in the months ahead, despite ongoing policy measures by the Central Bank of Nigeria (CBN) and the fiscal authorities to moderate the general price level in the economy. The experts, in the […]
Lagos State governor, Mr. Babajide Sanwo-Olu, has said the current tax revenue being generated by the Lagos State Government is too low to government’s actual projection and the state’s tax revenue potential. The governor, who made this remark when he hosted members of Presidential Committee on Fiscal Policy and Tax Reforms, led by the Chairman, […]