President Bola Tinubu has today inaugurated the Red Line Rail Project in Lagos. The intra-state rail service that spans 37km is aimed at improving transportation within the city. During the inauguration, the President reiterated his administration’s commitment in improving on the nation’s infrastructural development and added that there will be […]
A global aviation industry group, International Air Transport Association’s (IATA) has disclosed that the year 2023 was the safest ever for commercial air travel, despite a massive rebound in passenger flights. This was disclosed in the association’s annual report stating that the only fatal accident of a passenger plane was […]
The Deputy Governor of Edo state, Philip Shaibu arrived today at the Peoples Democratic Party (PDP)’s national headquarters in Abuja to demand for the party’s certificate of return for the primaries for the upcoming governorship election. The deputy governor was declared the winner of a parallel PDP primaries as governorship […]
The Central Bank of Nigeria (CBN) has planned to sell Treasury Bills worth N1.64 trillion in the second quarter of 2024 between the months of March and May. The new offer is a refinancing of existing maturing treasury bills of different tenures. According to the treasury bill issue program, the […]
Governor Mohammed Umaru Bago, known as the “Farmer Governor,” has extended an invitation to President Ahmed Bola Tinubu to inaugurate a significant milestone in Niger State’s agricultural sector. The state has acquired 1,000 tractors and various other agricultural machinery to kickstart mechanized farming. Governor Bago met with President Tinubu at […]
Presidential candidate Peter Obi of the Labour Party has voiced support for the implementation of the Oronsaye Report, emphasizing its potential to streamline governance and enhance productivity. Responding to inquiries, Obi affirmed his commitment to the report’s principles of cost reduction, eliminating role overlaps, and boosting efficiency. Obi underscored the […]
NNPC Ltd. clarifies its role in facilitating the divestment process of International Oil Companies (IOCs) during the NIES 2024 Summit in Abuja. Mr. Mele Kyari, NNPC Ltd.’s Group CEO, emphasized the company’s commitment to ensuring optimal production from divested assets for national energy security. He also highlighted NNPC Ltd.’s readiness […]
The bill seeking the amendment of the Central Bank of Nigeria, CBN, Act, 2007 has passed 2nd reading in the senate. The bill sponsored by 41 members of the Committee on Banking, Insurance and other Financial Institutions began the debate when the bill was first read by the Chairman of the […]
The Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) has today announced the raising of the Monetary Policy Rate(MPR) by four hundred basis points from 18.75 percent to 22.75 percent. This was made known by the CBN governor, Yemi Cardoso after the first MPC meeting for the year in […]
The recent two-day protest organized by the Nigeria Labour Congress (NLC) has brought to light the deepening hunger crisis in the country, shedding light on the urgent need for swift action on both the minimum wage and broader economic challenges. Despite efforts to engage with the Federal Government to avert […]
