Economy
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Industrial revolution begins in Ogun- Nigerian Shippers’ Council CEO
The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council, Barrister Ukeyima Akutah, has said that based on the remarkable level of the Ease of Doing Business Index in Ogun State, the state is leading the rest of the country in the ongoing industrial revolution embarked upon by the Federal Government. He noted that this is in tandem…
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Nigeria’s headline inflation increases to 34.60% in November, says NBS
The National Bureau of Statistics (NBS) on Monday disclosed that Nigeria’s headline inflation increases by 72basis points to 34.60per cent in November 2024 from 33.88 per cent reported in October 2024. According to NBS, the on a month-on-month basis, headline inflation was steady at 2.64 per cent in November 2024 from 2.64 per cent in October 2024.On food inflation, it…
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NITDA underscores critical role of data in driving sustainable digital economy
The National Information Technology Development Agency (NITDA) has underscored the critical role of data in driving a sustainable digital economy. At the just concluded 2024 Digital Nigeria Innovation Challenge, the agency emphasised the need for safe and responsible data utilisation. NITDA’s Director General, Kashifu Inuwa CCIE, who was represented by the Director of Information Technology Infrastructure Solutions Department, Mr Oladejo…
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President Tinubu urges cooperation, resilience amid economic reform challenges
By Deborah Oladejo, Osogbo President Bola Tinubu has acknowledged the harsh economic situation facing Nigeria, assuring citizens that his administration is working to correct past mistakes and put the country on a path to prosperity. Speaking at the 48th convocation ceremony of the Obafemi Awolowo University (OAU) in Ile-Ife, President Tinubu emphasized that his administration has accepted the assets and…
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LASG reaffirms commitment to intermolecular transportation for economic growth
The Lagos State Government has reiterated its commitment to maximising the use of intermodal transportation systems to boost socio-economic activities and minimise traffic-related losses in the State. Speaking at the closing ceremony of the 5th Lagos Real Estate Marketplace Conference and Exhibitions, the Lagos State Commissioner for Transportation, Mr. Oluwaseun Osiyemi, highlighted the critical role of transportation in driving economic…
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Shettima enjoins OAU graduates to embrace opportunities in Tinubu’s economic reforms
By Deborah Oladejo, Osogbo Vice President, Kashim Shettima has urged Nigerian graduates to take advantage of the opportunities that abound in the country’s economy being repositioned and transformed. Delivering a convocation lecture at the 48th convocation ceremony of the Obafemi Awolowo University (OAU), Ile-Ife, Shettima underscored the significant economic reforms initiated by President Bola Ahmed Tinubu’s administration, especially the Naira,…
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NCC emphasizes importance of robust cybersecurity framework for safety of Nigeria’s telecom sector
The Nigerian Communications Commission (NCC) has emphasized the importance of a robust cybersecurity framework to ensure the safety of Nigeria’s telecom sector. NCC made this call during the annual Cybersecurity Conference 2024, held in Abuja. The Commission called for collaborative efforts to safeguard the country’s telecommunications infrastructure from increasing cyber threats. In his remarks, the NCC’s Executive Vice Chairman (EVC),…
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Nigeria’s excess crude account remains at $473,754,57 million- Edun
By Kunle Sanni Nigeria’s Excess Crude Account (ECA) currently holds a balance of $473,754.57, Finance Minister Wale Edun announced on Thursday. Edun disclosed the figure while briefing State House reporters after the National Economic Council (NEC) meeting at the Presidential Villa in Abuja. The meeting, chaired by Vice President Kashim Shettima, also reviewed the balances of other national accounts, including…
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BREAKING: President Tinubu to present 2025 budget proposal Dec 17
By Kunle Sanni President Bola Tinubu will present the 2025 budget proposal to a joint session of the National Assembly on Tuesday, December 17, 2024. The announcement was made by Senate President Godswill Akpabio during Tuesday’s plenary, where he confirmed that the President had sent a formal communication regarding the planned presentation. Atiku Bagudu, the minister of budget and economic…
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Aviation regulatory agencies certify gateway airport for commercial operations
Aviation regulatory agencies have visited the Gateway International Agro-Cargo Airport located along the Ilisan-Iperu axis of Ogun State on Tuesday, certifying it for commercial operations. The agencies, which comprised the Nigerian Civil Aviation Authority (NCAA), Nigerian Airspace Management Agency (NAMA), and Nigerian Meteorological Agency (NiMet), unanimously adjudged the airport as world-standard and a source of pride for Ogun State. According…
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