Economy
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Inflation rate appreciates by 5.72% points in 2022, says NBS
The National Bureau of Statistics (NBS) on Monday disclosed that Nigeria’s inflation rate in 2022 appreciated by 5.72 per cent points Year-on-Year (YoY) growth from 15.63 per cent reported in December 2021 as compared with 21.34 per cent reported in December 2022. The inflation rate, according to NBS on a Month-on-Month basis slowdown by 0.13per cent points to 21.34 per…
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Buhari wants Global South to agree on common agenda to reduce debt burden, inflation
President Muhammadu Buhari on Friday urged leaders of the Global South to agree on a common agenda on ways to reduce the increasing burden of debt and inflation on that region of the world. Addressing the Global South Virtual Summit, the President expressed optimism that the meeting, hosted by India, in its capacity as the voice of the South, will…
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Rebirth of PH refinery another evidence of Buhari’s acumen -BMO
The rehabilitation of the 60,000 barrels per day Port-Harcourt Refinery, the oldest refinery in the country, and its eventual start-up in the first quarter of 2023 has been described as historical and highly commendable. According to the Buhari Media Organisation (BMO), it is further evidence of President Muhammadu Buhari’s managerial capacity, a solid will to deliver on a commitment to…
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140,000 international passports still uncollected nationwide, says NIS
The Nigerian Immigration Service (NIS) on Tuesday said about 140,000 international passports are still uncollected nationwide. The service spokesman, Deputy Comptroller of Immigration Service (DCI), Tony Akuneme, said this in an interview during an official visit to the Alausa Passport office in Ikeja, Lagos State. Akuneme also said about 40,000 of the total 140,000 are in the Alausa Passport office…
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Subsidy won’t stay a day longer if I become president – Obi
Labour Party presidential candidate, Peter Obi has promised to remove the subsidy on petrol if he becomes president. Speaking at a townhall meeting organised by Channels TV on Sunday, the former Anambra State governor described subsidy as organised crime. While the Federal Government has said it would stop paying subsidy on petrol by June, Obi said it won’t last one…
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Proliferation of illegal operators a major concern, says Yuguda
Director General of the Securities and Exchange Commission (SEC). Mr. Lamido Yuguda has stated that the persistent proliferation of operators running illegal investment schemes in the country continues to be a major critical concern to the capital market. Yuguda, who stated this in a New Year Message in Abuja, however, assured of a renewed onslaught against promoters of such schemes.…
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CBN clears air on sale of Polaris Bank
The Central Bank of Nigeria (CBN) has said that the sale of Polaris Bank followed due process and has urged the public to disregard what it described as a misleading online publication stating otherwise. The apex bank made the declaration in a statement on Wednesday signed by its Director of Corporate Communications, Osita Nwanisobi. It said contrary to online reports,…
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Tax clearance certificate, now available in ‘One Click’ says FIRS
The Federal Inland Revenue Service (FIRS) has announced that taxpayers can now get their Tax Clearance Certificate in a single click via its flagship Taxpro Max solution. The TaxPro Max, a tax administration solution introduced by the apex tax authority in June 2021 is a one-stop-shop for taxpayer registration, tax returns filing, tax payment, tax clearance certificate requesting, among other…
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Ogun Assembly passes N472.25bn 2023 appropriation bill, reduces capital expenditure by N805m
By Kolawole Olayinka, Abeokuta Ogun State House of Assembly on Thursday passed the N472.25billion as the 2023 budget as presented by Governor Dapo Abiodun barely a month ago. While passing the budget, the lawmakers adjusted the recurrent and capital estimates and projected revenue in 31 different areas across 26 agencies. The passage of the budget was consequent upon the…
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Real estate is brick and mortar – Olajide Abiola, CEO Smart Residences
Chief Executive Officer of Smart Residences, Olajide Abiola says only the old approach of brick and mortal can solve the real estate situation in the country. Abiola in an interview with Nairametrics, said technology, though good for the sector, can only act as an enabler and not a solution. The real estate expert was speaking on the heels of his…
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