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Okonjo-Iweala, IMF MD demand improvement of international trade
Economy

Okonjo-Iweala, IMF MD demand improvement of international trade

Director General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala, and the Managing Director of the International Monetary Fund, Kristalina Georgieva, have emphasized the importance of increased global trade in a policy paper released in June 2023. Nairametrics reported that they proposed that while avoiding market fragmentation and adverse policy consequences on other nations, global collaboration, and shared […]

Reps permit NIMASA to distribute $360m cabotage fund
featured

Reps permit NIMASA to distribute $360m cabotage fund

The $360 million Cabotage Vessel Finance Fund will now be distributed to eligible Nigerian shipowners by the Maritime Administration and Safety Agency of Nigeria. According to Nairametrics, this information was revealed in a statement released on Friday in Lagos by Assistant Director of Public Relations, NIMASA, Mr. Osagie Edward. After conducting an investigation, the House Committee, which […]

Court upholds NMDPRA's authority to impose statutory taxes
Economy

Subsidy: Why FG won’t fix petrol prices again, NMDPRA reveals

By Wilson Adekumola   The Nigerian Midstream and Downstream Petroleum Regulatory Authority has explained the reasons Federal Government would no longer fix prices or release templates for Premium Motor Spirit popularly known as petrol.   The Authority Chief Executive Mr Farouk Ahmed, made this disclosure while addressing newsmen in Abuja on Friday, noting that in […]

Why competitive market is best for consumers - FFCPC
News

Why competitive market is best for consumers – FFCPC

The Federal Competition and Consumer Protection Commission’s Executive Vice-Chairman and Chief Executive Officer, Babatunde Irukera, has stated that the competitive market is the best market for consumers. According to Arise News, Irukera asserted during an interview that a competitive market offers variety, fair pricing, innovation, and the assurance that you received what you wanted for the best […]

Mastercard Foundation signs $45m contract with African vaccine manufacturer
News

Mastercard Foundation signs $45m contract with African vaccine manufacturer

The Senegalese Foundation Institut Pasteur de Dakar and the Canadian-based Mastercard Foundation have partnered on a multi-year project to build up human capacity for the production of vaccines. Nairametrics reported that MADIBA, a historic $45 million alliance, will train young Africans, particularly women, in the production, distribution, and manufacturing of vaccines. A training facility will be established […]

2023 Budget: BudgIT questions FG's N81.7bn streetlight allotment
News

2023 Budget: BudgIT questions FG’s N81.7bn streetlight allotment

BudgIT has questioned the Federal Government’s allocation of N81.7 billion for the building of solar streetlights in the 2023 budget. According to Nairametrics, in a statement issued on Friday, the budget monitoring organization claimed that the amount budgeted for streetlights was greater than the sums allotted for schools and primary health facilities, which totals N77.9 billion […]

Lagos bans night construction, sets 6pm deadline for daily work
News

Lagos to establish industrial hub in Ikorodu

Lagos State Government has earmarked a community in Ikorodu for the establishment of an industrial hub.   This is as the government disclosed that the administration of the Governor, Babajide Sanwo-Olu, was working to complete a new industrial estate located in the Imota Local Council Development Area of the state.   The Permanent Secretary, Ministry […]

Fuel queues won’t exceed Saturday, says Kyari
News

Fuel queues won’t exceed Saturday, says Kyari

    Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has stated that fuel queues being witnessed across the country would not exceed Saturday. He made this known during an interview on Channels TV on Thursday. “I don’t see it staying beyond another day or two, maximum. It can actually […]

Monitoring Board updates charter, IFRS Foundation MoU
News

Monitoring Board updates charter, IFRS Foundation MoU

The Monitoring Board has finished updating its charter and memorandum of understanding with the IFRS Foundation, as well as establishing its work plan for 2023/2024. This information was found in a statement released by the International Organization of Securities Commissions Board. The International Sustainability Standards Board’s initiative, is among the most recent advancements made by the IFRS Foundation, […]

The West African Examination Council announced that some examination malpractices are the fault of questionable supervisors who leak exam questions to criminals.
News

WASSCE supervisors leak exam questions to criminals – WAEC

The West African Examination Council announced that some examination malpractices are the fault of questionable supervisors who leak exam questions to criminals. According to Nairametrics, the Head of the National Office for Nigeria, Mr. Patrick Areghan, revealed this while observing the test in some Government Secondary Schools on Thursday in Abuja. “Supervisors are our issue; […]

BREAKING: NNPCL confirms new petrol pump price increase
Policy and Regulations

Subsidy: Fuel prices will drop naturally, says NNPCL boss

By Wilson Adekumola   The Group Chief Executive Officer, of the Nigeria National Petroleum Company Limited, Mr. Mele Kyari, has disclosed that the removal of fuel subsidy would encourage more competitors wherefore, naturally reduce the current price of Premium Motor Spirit, also known as petrol.   Kyari made this disclosure while featuring on Arise TV’s […]