Economy
-
NNPCL maintains December deadline for Port Harcourt refinery
The Nigerian National Petroleum Company Limited (NNPCL) has reaffirmed its commitment to finish the mechanical work on the Port Harcourt Refinery Company (PHRC) by the end of December. The NNPCL Chief Communications Officer Olufemi Soneye said that the deadline was still valid and no changes had occurred. “We have said from time that by the end of December, the mechanical…
Read More » -
Abiodun makes case for diversification of Nigeria’s economy to non-oil sector
Ogun State Governor, Prince Dapo Abiodun has said that Nigeria’s economy would be sustainable if attention is shifted from oil to the non oil sector. Abiodun said the nation could achieve this by diversifying into mineral resources, agriculture, manufacturing, tourism, and technology. Speaking at the 6th Senator Abiola Ajimobi Roundtable and 74th Posthumous Birthday, organized by the Senator Abiola Ajimobi…
Read More » -
Lawmakers working hard to pass 2024 Appropriation Bill before new year- Obasa
The Speaker of the Lagos state House of Assembly, Rt (Hon) Mudashiru Obasa, has said the 2024 Appropriation Bill would be passed as new year gift to Lagosians. Obasa stated that the lawmakers were working on the Money Bill so as to approve it as soon as possible. The Speaker made this promise on Saturday at the ongoing 3-day budget…
Read More » -
FG, states, LGs receive N1.088tn federation allocation for November
The Federation Account Allocation Committee (FAAC) has shared the sum of N1.088 trillion to the three tiers of government as Federation Allocation for the month of November. The amount was derived from a gross total of N1.62 trillion naira. The breakdown of the allocation shows that the Federal Government received N402.867 billion, the states received N351.697 billion, the local government…
Read More » -
FG lauds Abiodun, says Agro Cargo airport will boost economy
By Kolawole Olayinka, Abeokuta The Minister of Finance and the Coordinating Minister for the Economy, Mr. Wale Edun has said the Ogun State Agro-Cargo Airport, when completed, would add value to the lives of the people and contribute to the rapid economic growth of the state and Nigeria. The Minister stated this while fielding questions from newsmen after being conducted…
Read More » -
Inflation rate increases further to 28.20% in November, says NBS
The National Bureau of Statistics (NBS) on Friday disclosed that Nigeria’s inflation rate increased to 28.02 per cent in November 2023 from 27.33 per cent reported in October 2023. NBS in its Consumer Price Index (CPI) report noted that the movement in November 2023 headline inflation rate showed an increase of 0.87per cent points when compared to October 2023 headline…
Read More » -
EXCLUSIVE: How dollar rental cost forced Shoprite out of Kano
…retail giant pays dollar rent in 10 out of 14 locations in Nigeria Retail giants Shoprite were forced to close their outlet in Kano as a result of difficulties in paying its rent which is charged in dollars, WesternPost has gathered. Retail giant according to inside sources within the organisation left Kano because of low sales, WesternPost gathered that 94…
Read More » -
Senate charges CBN on statutory reporting compliance
The Nigerian Senate has tasked the Central Bank of Nigeria, (CBN) and its subsidiaries such as the Nigerian Security Printing and Minting PLC, NIRSAL Plc, NIRSAL Microfinance Bank on strict compliance with the Central Bank of Nigeria Act 2007 and the Senate Standing Orders 2023 (as amended). This was made known during the interactive session and statutory briefing of the…
Read More » -
Alake, Badaru finetune plans to secure mining sited
The Minister of Solid Minerals Development, Dr. Dele Alake and his defence counterpart, Abubakar Badaru, are putting finishing touches to plans to secure mining areas in the country. For the second time in less than three weeks, Badaru came calling at the minister’s office on Thursday, where they headed straight into a closed door meeting. Emerging from the meeting, Badaru…
Read More » -
FG tightens noose on unregistered mining professionals
In a bid to curb the menace of unregistered mining engineers, the Federal Government has said it would henceforth process proposals for solid minerals investment from members of the Council of Nigerian Mining Engineers and Geoscientists (COMEG), in recognition of their critical role in the sector. In a landmark endorsement, the minister declared that all reports coming to the ministry…
Read More »
Follow our WhatsApp Channel