Transport ministry opposes 12% revenue allocation to maritime varsity
The Federal Ministry of Transportation has opposed the proposal by the House of Representatives to allocate 12 per cent of the revenue generated by the Nigerian Maritime Administration and Safety…
Russia-Ukraine: Higher food prices may cause unrest in Nigeria -IMF
The International Monetary Fund has said higher food prices as a result of the Russia-Ukraine war might cause unrest in Nigeria, other Sub-Saharan Africa countries, Latin America, the Caucasus, and…
FG’ll tap $2.2bn Eurobond for fuel subsidy funding –Minister
The Federal Government is planning to tap €2bn ($2.2bn) by this month or next of the money it raised in a Eurobond sale last year and targets more local borrowing…
Reps grill Amaechi over $214m Deep Blue contract
THE Bureau of Public Procurement has told the House of Representatives’ Committee on Navy that it does not possess the documents presented by the HSL International Limited, which the Federal…
Senate proposes airlines’ bailout as operators insist on flights’ suspension
The Senate Committee on Aviation, on Tuesday, met the Airline Operators of Nigeria over the threat by domestic airlines to suspend flight operations nationwide from Thursday due to high cost…
Fuel scarcity, others raised inflation rate to 15.7% in February –NBS
The Consumer Price Index rose to 15.7 per cent in February from 15.6 per cent in January, latest figures from the National Bureau of Statistics have revealed. The NBS disclosed…
Blackout as national grid collapses
Power generation on the national grid collapsed to zero megawatts around 10.40am on Monday, leading to widespread blackout across the country. Different power distribution companies alerted their customers about the…
E-hailing cab drivers halt operations in Rivers
E-HAILING cab drivers have halted operations in parts of Port Harcourt as they protested against an alleged unhealthy work relationship with the e-hailing companies they ride for. About 100 drivers…
FG begins agro-investment scheme for N-Power beneficiaries
The Federal Government on Monday inaugurated the NEXIT/CBN agri-business small and medium enterprises investment scheme for exited N-Power beneficiaries in batches A and B. Minister of Humanitarian Affairs, Disaster Management…
CBN sets N1m limit for cash collection centres
The Central Bank of Nigeria has pegged the minimum transaction limit for corporate and individuals transacting with Bank Neutral Cash Hubs at N1m and N500,000 respectively. The banking regulator disclosed…
Lekki seaport’ll contribute $360bn to Nigeria’s GDP – FG
The Lekki Deep Seaport in Lagos Free Trade Zone is going add about $360bn to Nigeria’s Gross Domestic Product within 45 years, the Federal Government announced on Sunday. The Minister…
Bakers threaten shutdown as diesel price soars
Bakers under the aegis of Premium BreadMakers Association of Nigeria are mulling a total shutdown of operations, following steady and fast increases in the price of diesel in the past…
