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  • 30th May 2025
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  • 29th May 2025
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  • 29th May 2025

FG plans 7,000 digital hospitals for rural areas

  • 28th May 2025

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Flights to South-South most expensive - NBS
Ports and Airports

Extortion: FAAN bans two immigration officers from airports

The Federal Airports Authority of Nigeria has expelled two officers of the Nigerian Immigration Service from working in any airport in Nigeria due to their involvement in the extortion of N8,000 from a passenger. FAAN said on Friday that the On Duty Cards of the officers were permanently withdrawn after it was confirmed that they […]

Policy and Regulations

Take advantage of import duty waivers, FG tells manufacturers

The Minister of Industry, Trade and Investment, Mr. Adeniyi Adebayo, has urged manufacturers to take advantage of import duty waivers through the Import Duty Exemption Certification. Adebayo, who was represented by the Deputy Director of Industrial Development at the ministry, Mr. Mohammed Bala, said this during a national symposium organised by the INGO Third Sector […]

Why Nigeria must save oil revenues - IMF
Energy

Fear of corruption hampering subsidy removal in Nigeria -IMF

The International Monetary Fund says the fear of political resistance, widespread corruption and pressure from interested groups is hampering the removal of the fuel subsidy in Nigeria. The IMF said this in its ‘Nigeria: Selected Issues Paper’ report, which was prepared by a staff team of the Fund as background documentation for its periodic consultation […]

Economy

Nigeria’s debt set to peak at N45tn in 2022, says DMO report

The total debt stock of Nigeria is likely to reach N45tn as the Debt Management Office plans to borrow an additional N6.39tn to finance the 2022 budget deficit. This was contained in a DMO document obtained by the News Agency of Nigeria on Friday in Abuja. In the document, the Director-General, DMO, Patience Oniha, explained […]

News

Fuel scarcity: FG implements 25% freight rate increase for NARTO

The Federal Government has approved and commenced the implementation of the 25 per cent freight rate increase to members of the Nigerian Association of Road Transport Owners in a bid to clear the fuel queues in many parts of the country. Following the implementation of the new rate, NARTO on Saturday urged its members to […]

Nigeria needs debt relief - AfDB
Ports and Airports

AfDB secures $15.6bn for Lagos-Abidjan highway corridor

The President of the African Development Bank, Dr Akinwumi Adesina, announces that the bank has secured $15.6bn for the construction of the Lagos-Abidjan highway corridor, which would ease transportation across West Africa. He made this announcement during the 2021 Africa Investment Forum virtual boardroom closing session on Thursday. The AfDB president said, “The biggest deal […]

Economy

Nigeria borrowed N6.64tn, serviced debt with N2.93tn in 2021 -DMO

THE Debt Management Office on Thursday said Nigeria’s total public debt stock increased to N39.56tn in 2021 from N32.92tn in 2020. The Director-General, DMO, Patience Oniha, said this at a media briefing in Abuja. According to her, the total debt includes new borrowings by the Federal Government and the sub-nationals. She also said that the […]

Oil production: Angola, Libya overtake Nigeria, says OPEC
Energy

OPEC quota: Elumelu disagrees with Sylva over low oil sector investment

Nigeria’s billionaire businessman, economist, and philanthropist, Tony Elumelu, on Thursday argued that the reason why Nigeria had been unable to meet its oil production quota as approved by the Organisation of Petroleum Exporting Countries was not because of low investment but theft. Elumelu’s position is contrary to the views expressed by the Minister of State […]

News

Telcos mull tariff hike as diesel price skyrockets

Telecommunications services providers under the aegis of the Association of Licensed Telecoms Operators of Nigeria have said a tariff review for telco services may happen if the rise in the price of diesel is sustained. The Chairman, ALTON, Gbenga Adebayo, disclosed this to our correspondent in an interview. According to him, the telecoms industry is […]

News

Customs impound Dangote truck with 250 bags of foreign rice

The Comptroller-General of the Customs Strike Force, Team A Unit, Mohammed Yusuf, has said his officers seized a Dangote truck loaded with 250 bags of banned imported rice. Yusuf stated this on Thursday in Ikeja, Lagos, during a press briefing on a four-week operation of the agency in different parts of Ogun and Lagos states. […]

News

FG halts N600bn electricity subsidy, confirms power tariff hike

The Nigerian Electricity Regulatory Commission on Wednesday declared that subsidy on power amounting to about N600bn during some period had now been stopped by the Federal Government. It also revealed that electricity tariffs were raised in February this year, and was quick to, however, state that the tariff payable by some customers in the franchise […]

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