A Civil Organisation, Network for Democracy and Development (NDD), has commended efforts of the Federal Government at improving the state of the economy. The group gave the commendation during a virtual news conference on the state of the nation on Sunday. The NDD National Coordinator, Mr Tajudeen Alabede while addressing […]
Business
The Dangote Group says it has completed Nigeria’s longest rigid pavement located in Kogi State. According to a statement issued by the group on Sunday, the Obajana-Kabba 43KM road constructed by Dangote Industries Limited, has been described by motorists as the country’s most strategic highway aiding travellers between the North […]
The Federal Government has said beneficiaries of the Extended Special Public Works (ESPW) will be closely monitored to ensure that resources deployed are utilised efficiently. Minister of Interior, Rauf Aregbesola stated this at the flag-off ceremony of Federal Government Extended Special Public Works Programme at the Multi-Purpose Hall of the […]
Bitcoin, the leading virtual currency, saw its price pass $30,000 on Saturday for the first time in just its latest record high. The first decentralised cryptocurrency surpassed $30,823.30 at 1313 GMT, according to data compiled by the Bloomberg news agency, having broken $20,000 on December 16. Analyst Timo Emden noted […]
The management of the Nigerian Electricity Regulatory Commission, NERC, has said there is no 50 per cent increase in electricity tariff. This was made known in statement in Abuja by NERC’s Head of Public Affairs, Micheal Faloseyi, on Tuesday. Faloseyi spoke against the backdrop in some quarters that electricity tariff […]
The government of Oyo State has given roadside traders across the state seven days to vacate. The Commissioner for Environment and Natural Resources, Dr Idowu Oyeleke, on Tuesday gave the order while sensitising roadside traders at Challenge, Molete under-bridge, Eleyele and Ringroad market in Ibadan. Oyeleke while addressing said, the […]
The World Bank has finally approved Nigeria’s request for loan of $1.5 billion. This was announced in a statement released by the World Bank on Tuesday noting that the facility is a five-year Country Partnership Framework (CPF) that will last from 2021 to 2024. “This Country Partnership Framework will guide […]
The team of an International Monetary Fund (IMF) has advised the federal government of Nigeria to increase the Value Added Tax (VAT) and excise duties. However, the proposed VAT increase should be implemented when the economy recovers. The IMF team that prepared the 2020 Article IV noted that poverty is […]
The Federal Government has given update on the Micro Small and Medium Enterprises (MSMEs) Survival Fund Scheme. The scheme has paid over 300,000 direct beneficiaries so far, amounting close to N10 billion naira. This was disclosed at the Physical/Virtue 12th meeting of National Council on Industry, Trade and Investments on […]
Arik Air management has declared 300 staff redundant amid the COVID-19 pandemic. This is contained in a statement issued by the airline’s spokesman, Adebanji Ola on Friday. The statement reads, “Arising from the devastating impact of the COVID-19 pandemic, leading to the constrained ability of the airline to complete heavy […]