Economy
-
2024 Appropriation Bill will end hunger- Adeola
By Kolawole Olayinka, Abeokuta The Chairman, Senate Committee on Appropriation, Sen. Solomon Adeola, has assured Nigerians that the 2024 appropriation bill of N28.7trillion would put an end to hunger in the country. Adeola stated this in Ilaro, Yewa South local government area of Ogun state while speaking with newsmen at the sideline of a New Year party celebration he organised…
Read More » -
Tinubu appoints new NPA, NIMASA directors
President Bola Tinubu has appointed new executive directors in two agencies under the Federal Ministry of Marine and Blue Economy, the spokesperson to the president Ajuri Ngelale has said in a statement on Thursday. The agencies are the Nigeria Ports Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA). The statement gave the appointments as follows: (A) Ms.…
Read More » -
Number of electricity customers hit 12.82m in Q3 2023, says NERC
Over 12.82 million electricity customers have been registered in the Nigerian Electricity Supply Industry (NESI) as of September 30, 2023. This was disclosed by the Nigerian Electricity Regulatory Commission (NERC) in its latest third quarter (Q3) 2023 report. Of the total registered customers, NERC said only 5,707,838 (44.51 per cent) are metered. The report said Ibadan Electricity Distribution Company (IEDC)…
Read More » -
MAN forecasts weak production in H1 2024
The Manufacturers Association of Nigeria (MAN) has said the outlook for the production sector in 2024 may not be a positive one, especially in the first half (H1) of the year. In its ‘Manufacturing Sector Outlook for 2024’ on Wednesday, MAN said the period will be challenging, with a subtle possibility of recovery from the third quarter. To revive the…
Read More » -
NNPC refutes dispute with marketers
The Nigerian National Petroleum Company (NNPC) Limited says it did not clash with any party over petrol subsidy removal. Media reports, on Wednesday said the national oil company clashed with oil marketers over whether the federal government was paying subsidy on petrol or otherwise. The oil firm denied having such a fallout with oil marketers. “The publication sought confirmation on…
Read More » -
FRSC announces major redeployment of top officers
The Federal Road Safety Corps (FRSC) has initiated a major shake up among its top officers. This was revealed in a statement issued on Tuesday by Corps Commander Charles Edem, Deputy Corps Public Education Officer. According to the announcement, the FRSC Corps Marshal, Dauda Ali Biu, approved the redeployment of two Deputy Corps Marshals and one Assistant Corps Marshal to…
Read More » -
FG agencies, parastatals to remit 50% gross IGR, says Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has directed all self-funded Federal Government Agencies/Parastatals (receiving no allocation from the Federal Government Budget) to remit 50per cent of their gross Internally Generated Revenue (IGR) to the Sub-Recurrent Account. He stressed that the remittance includes all statutory revenue line like tender fees, contractor’s registration, sales of…
Read More » -
Online passport application to start on January 8, says minister
Nigerians will soon be able to apply for their passports online without any physical contact, according to the Minister of Interior, Olubunmi Tunji-Ojo. The minister confirmed on Monday that the passport application automation process will be operational from January 8, 2024. He made this announcement during an inspection of the Nigeria Immigration Service facilities in Abuja, with the Comptroller General…
Read More » -
We’re borrowing less, relying more on revenue to finance 2024 budget – Wale Edun
The Federal Government says it would rely more on revenue and less on borrowing to finance the 2024 budget. This was stated by Minister of Finance and Coordinating Minister of the Economy, Wale Edun, while speaking to the media at the State House in Abuja on Monday after President Bola Tinubu signed the N28 trillion 2024 budget into law. Additionally,…
Read More » -
Dangote Refinery receives fourth one million barrels of crude
Preparations are in top gear for the commencement of production in Dangote Refinery, as the petrochemical company has received the fourth crude shipment of, one million barrels of bonny light crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL), and expecting the fifth crude shipment, anytime from now. The fresh one million barrels of crude was the fourth consignment…
Read More »
