Within a six month covering January and June this year, the Federal government spent a whopping amount of N2.02tn on debt servicing. This figure represents 90.5 per cent of the […]
Business
FAAN Acquires Equipment To Tackle Bird Strikes Around Airports
The Federal Airports Authority of Nigeria (FAAN) has acquired some birds/wildlife equipment to improve on safety of flight operations by effectively managing birds/wildlife hazards at the nation’s airports. The Managing […]
Abuja Bakers May Increase Price Of Bread By 30 Per cent
The Association of Master Bakers and Caterers of Nigeria (AMBCN), Abuja chapter on Monday lamented the high cost of raw materials for bread production. Consequently, the association says there may […]
FCT Needs N2.6bn To Replace 25,462 Vandalised Assets – Minister
Malam Muhammad Bello, the Minister of the Federal Capital Territory (FCT), says the FCT Administration needs N2.6 billion to replace 25,462 assets vandalised in the territory. Bello disclosed this on […]
NNPC Targets 2Billion Barrels Of Oil In OML 118, Signs Agreement With Bonga
The Nigerian National Petroluem Corporation and Bonga PSC have signed watershed agreements to unlock about two billion barrels of oil for Nigeria under the Oil Mining Lease 118. Under the […]
NPA: Hadiza Usman Suspended After Disregarding Court Order On Sugar Importation
Indications have emerged that the suspension of Hadiza Usman as the Managing Director if the Nigerian Ports Authority (NPA) may be unconnected to her alleged disregard for a court order […]
DPR Denies Revoking 32 Refinery licences
The Department of Petroleum Resources (DPR) has denied revoking 32 refinery licenses issued to private companies in Nigeria. Mr Paul Osu, Head, Public Affairs, DPR, made the clarification in a […]
Nigeria’s Path To Economic Recovery Uncertain- Afrinvest
Nigerians may not see improvement in their standard of living anytime soon despite the 2.5 per cent growth projected for the economy by the International Monetary Fund, according to research […]
Price Of Milk Soars Despite CBN Policy On Dairy Products
The Central Bank of Nigeria’s backward integration policy for dairy companies is not working adequately as it is telling on prices of dairy products as well resulting in quantity sabotaged, […]
Crypto Ban: SEC, CBN To Commence Market Research
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have agreed to collaborate and conduct research with a view to finding ways of regulating the Cryptocurrency […]