President of the European Central Bank (ECB), Ms Christine Lagarde, said on Tuesday that the war in Ukraine had led to surging energy and food prices that are higher than those seen in the 70s and 80s and expressed the bank’s readiness to combat soaring consumer prices with interest rate hikes in July and September. […]
The National Bureau of Statistics (NBS), on Tuesday urged Nigerians and other stakeholders to support its ongoing National Agricultural Sample Census (NASC) aimed at producing a credible statistical data on agricultural and other critical socio-economic activities in the country. According to the Bureau, the survey, which is organized in collaboration with the Federal Ministry of […]
In its sustained drive to boost its Internally Generated Revenue (IGR) collections, the Ondo State Internal Revenue Service (ODIRS) on Tuesday sealed three companies in Ore, in Odigbo Local Government Area of the state over alleged unpaid taxes. The ODIRS’ Head of Legal Department, Mr. Adebayo Ogunsuyi, who spoke on the action said that the […]
The Nigerian Communications Commission (NCC), the nation’s telecoms industry regulator, has reported that a total of 301.5 million lines were connected to mobile network operators’ (MNOs’) networks nationwide as of May 2022. However, the just published report by the commission indicated that only 204.2 million of the numbers were in active use, thereby implying that […]
Ibadan Electricity Distribution Company (IBEDC) has appealed to customers in its franchise area with outstanding bills to pay in order to avoid disruption in their power supply due to the ongoing mass disconnection exercise. A statement signed by the company’s Chief Operating Officer (COO), Engr. John Ayodele, indicated that the company had commenced mass disconnection […]
Bancorp Securities Limited’s experts have projected a slight reduction in negative sentiment in the nation’s equities market this week as investors would hand-pick relatively attractive stocks The firm’s position on the trading trend this week at the equities market is contained in its ‘Weekly Stock Recommendations: Jun 27th – Jul 1st, 2022’ published on Monday. […]
The Nigeria Customs Service (NCS), Ogun 1 Area Command, reported that it seized contrabands worth N1.3 billion from May to June this year in Ogun State and its environs. The Area Comptroller, Bamidele Makinde, gave this hin on Monday during a press briefing on major highlights of the Command’s operations during the two-month period, in […]
The Federation Account Allocation Committee (FAAC) on Friday disclosed that the three tiers of government shared a total sum of N680.783 billion as federation allocation for the month of May 2022. The committee stated that out of the revenues generated in Gross Statutory Revenue, Value Added Tax (VAT) and Electronic Money Transfer Levy (EMTL), the […]
The Federal Government at the weekend said that it was making arrangements to train one million software developers in the country over the next 18 months as a strategic step towards enhancing the nation’s digital economy’s drive. The Minister of Communications and Digital Economy, Prof. Isa Ali Pantami, made this disclosure in his keynote address […]
…as kerosene price rose by 86.9% YoY, cooking gas up 89.3% The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s national statistical system, has reported that on the aggregate, consumers pay 88.11 percent more for kerosene and cooking gas year-on-year in May this year The agency, in its just published report titled ‘National […]