Economy
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‘Nigeria’s public debt rose to N87 trillion in Q3’
Debt Management OfficeNigeria’s total public debt stock hit N87.91 trillion (114.35 billion dollars) as of Sept. 30, according to a statement by the Debt Management Office (DMO) on Wednesday in Abuja. The DMO said that the amount represented the domestic and external debts of the federal government, the 36 state governments and the Federal Capital Territory (FCT). The N87.91 trillion…
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NRC begins free train ride Thursday
The Nigerian Railway Corporation (NRC ) has declared a free train ride from Thursday on all its passenger services. This followed the directive of President Bola Tinubu who also approved a 50 per cent reduction in interstate bus fares to enable the people to travel for the Christmas and New Year holidays. The NRC in a statement said following the…
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Ports access roads: Oyetola meets Umahi, lists 15 roads requiring urgent rehabilitation
…as works minister assures of his cooperation The Minister of Marine and Blue Economy, Adegboyega Oyetola, has said that access roads leading to the ports in Nigeria play a pivotal role in the efficiency of the ports. To this end, he has appealed to the minister of Works, Engineer David Umahi, to assist in undertaking an urgent comprehensive repair and…
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Shettima commissions SMEDAN headquarters, says FG’s resolve to protect SMEs remain unshaken
Vice President Kashim Shettima has said the federal government under President Bola Ahmed Tinubu’s watch will never shift ground in its determination to protect businesses in Nigeria. According to him, enterprises are not only the very bedrock of a society but also reflect the direction the government is heading to and the speed with which it is doing so. The…
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FG forms committee to improve consumer credit
A Technical Working Committee has been set up by the Federal Government of Nigeria under the leadership of President Bola Tinubu to boost Consumer Credit. The committee, headed by the Finance Minister, Mr Olawale Edun, and supported by the Communications, Innovations and Digital Economy Minister, Dr ‘Bosun Tijani, has five months to deliver on various targets, such as increasing financial…
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2024 Budget: OPIC defends over N6b total expenditure
By Kolawole Olayinka, Abeokuta In a bid to provide quality housing for the citizens, the Special Adviser and Managing Director, Ogun State Property and Investment Corporation (OPIC), Arc. Abiodun Fari-Arole, has defended a total Expenditure of N6, 013, 976,973.84, to be spent by the Corporation for the 2024 fiscal year. Arc. Fari- Arole, who made the presentation during the Budget…
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Itire-Ikate: Apatira empowers 349 skill acquisition graduands with working tools
The Chairman of Itire-Ikate Local Council Development Area (IILCDA) in Lagos state, Mr Ahmed Apatira, has empowered 349 students who graduated from the Council’s 4 weeks skill acquisition programme with working equipment worth millions of Naira. WesternPost reports that the skill acquisition programme comprises Catering, Tailoring, Makeup and Hairdressing. Over 75 students graduated from the tailoring department while 80 students,…
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Total Energies to invest $6bn in Nigeria’s deepwater, energy sector
Multinational energy company, Total Energies Worldwide, has announced plans to invest $6 billion in Nigeria’s deep water and gas production. The CEO, Patrick Pouyanne, made this announcement during an official visit to President Bola Ahmed Tinubu at the State House in Abuja. Pouyanne informed President Tinubu that Nigeria was “very important” for Total Energies, accounting for 8 to 10 percent…
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NASENI, Delta-2 partners sign $21.7m projects agreements
The National Agency for Science and Engineering Infrastructure (NASENI) has signed an agreement worth $21.7 million with eleven firms in Nigeria as beneficiaries for take-off of the Delta-2 Projects, being the outcome of the bilateral collaboration between the federal government of Nigeria and the Czech Republic. The Nigerian beneficiary companies are expected to come up with various products and services…
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BREAKING: Nigeria would start producing 2 million barrels per day from 2024, new NNPCL board assures Tinubu
The newly inaugurated board members of the Nigerian National Petroleum Company Limited have assured President Bola Tinubu of its commitment to increase the production of crude oil to 2 million barrels per day starting from next year. Pius Akinyelure the board chairman of the NNPCL said this on Monday while addressing State House reporters at the presidential Villa in Abuja.…
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