Economic Impact
20 May
A recently commissioned report by the London Development Agency showed that the Notting Hill Carnival contributes up to 93 million pounds each to London’s economy and supports the equivalent of 3,000 full-time jobs. Similarly, an independent economic commission’s report revealed that the Formula 1 race weekend in Miami generated $449 million for the local economy.…
15 May
Ethnic youth leaders have expressed concerns that Nyesom Wike, Minister of the Federal Capital Territory (FCT), is exacerbating political tensions in Rivers State, which could worsen the economic challenges faced by President Bola Ahmed Tinubu's administration. The youth leaders argue that Wike's actions are designed to destabilize the state and undermine Governor Siminalayi Fubara's administration,…
16 Apr
In a groundbreaking development for consumers across Nigeria, Dangote Petroleum Refinery has made a historic announcement by further reducing the price of diesel from ₦1,200 to ₦1,000 per litre. This move comes in the wake of the refinery's recent introduction of diesel at a remarkably discounted rate of ₦1,200 per litre just three weeks ago.…
22 Mar
On May 29, 2023, the three toughest jobs in Nigeria were the job of President of Nigeria, the Governor of the Central Bank and the Group Managing Director of the NNPC. That same day, Muhammadu Buhari's presidency concluded, and Bola Tinubu took office. Barely a week after assuming office President Tinubu removed Godwin Emefiele as…
21 Feb
The Zamfara State government has issued a statement dispelling rumors of a statewide ban on bread production. The clarification comes after the Bakers' Association in the state announced a halt in production due to a government ban on motorcycles delivering bread to bandit enclaves. Sulaiman Bala Idris, spokesperson to Governor Dauda Lawal, emphasised that the…
7 Feb
The House of Representatives has mandated its Committee on National Agency for Food and Drug Administration and Control to investigative the basis and circumstance surrounding the ban imposed on the production of alcoholic beverages in sachets and small bottles in Nigeria by the agency. The resolution of the lawmakers was sequel to the adoption of…
7 Feb
Zamfara State Governor, Dauda Lawal, on Wednesday inaugurated a 21-member Board of Trustees (BoT) of the Zamfara State Security Trust Fund. A former Inspector-General of Police, MD Abubakar, is the BoT Chairman with Dr. Hamza Muhammad as Administrative Secretary. The Governor's spokesperson, Sulaiman Bala Idris, in a statement explained that government established the Security Trust…
Latest
2 mins ago
The Federal Capital Territory (FCT) Minister, Nyesom WikeThe Minister of the Federal Capital Territory (FCT), Nyesom Wike, has issued a two-week ultimatum to the 762 landowners in Maitama II District, Cadastral Zone A10, Abuja, to settle their outstanding payments for Certificates of Occupancy (C-of-O). The landowners have until 3 January 2025 to comply, or their…
13 mins ago
The Federal Government has taken a decisive step toward enhancing food production and agricultural transformation in Nigeria by commissioning a fleet of tractors and harvesters in Kano. In a statement by Mrs. Funmi Imuetinyan, Director of Information and Public Relations on Friday, the government highlighted its unwavering commitment to advancing the agricultural sector as a…
17 mins ago
Italian Deputy Prime Minister Matteo Salvini said Friday he was "proud" of his actions as he awaited the verdict in his long-running trial for blocking a migrant rescue ship at sea, for which he risks six years in jail. The far-right leader denies charges of abuse of office and the deprivation of liberty of 147…
38 mins ago
The Minister of Education, Dr Tunji Alausa, has expressed the ministry’s commitment to revive sports in tertiary institutions as part of efforts to foster national unity. Alausa made the statement in Abuja on Friday while receiving awards from the ministry’s sports club following the 43rd edition of the Annual Public Service Games. The awards presented…
55 mins ago
US lawmakers raced Friday to prevent a government shutdown due to bite within hours, after Donald Trump and Elon Musk sabotaged a bipartisan agreement that would have kept the lights on well beyond Christmas. With government funding running out at midnight, the Republican-led House of Representatives needs to come up with a short-term fix to…
58 mins ago
The Federal Government has commenced wheat cultivation in Adamawa, targeting 12,000 farmers under its National Agricultural Growth Scheme and Agro-Pocket (NAGS-AP) programme this dry season. Mr Salihu Jenenso, the NAGS-AP’s state Coordinator, made this known during a media tour at Kapo, one of the farming communities in Fufore Local Government Area of Yola. Jenenso said…
58 mins ago
The Host Communities Producing Oil, Gas, and Pipeline Impacted States Youth Council of Nigeria (HOSTCONYCN) on Friday praised the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), led by Engr. Gbenga Komolafe, for surpassing the two million barrels per day (mbd) oil production milestone and implementing policies that promote accountability and resource efficiency. It also reaffirmed the…
1 hour ago
The Minister of Aviation and Aerospace Development, Mr Festus Keyamo, SAN, on Friday inaugurated the remodeled E-Wing and E-Gate at the Murtala Muhammed International Airport (MMIA) in Lagos. Keyamo said that airport development was driven by collaborations and partnerships. He said that this had driven the partnership between the Federal Airports Authority of Nigeria (FAAN)…
1 hour ago
The Nigerian Association of Petroleum Explorationists (NAPE) has commended the evolving dynamics in the energy sector, coupled with proactive government policies aimed at attracting investment into the oil and gas industry for national economic growth. It describes the efforts as beginning to yield tangible results. NAPE noted that its commendation is evidenced by Shell Nigeria…
1 hour ago
The Speaker of the House of Representatives, Tajudeen Abbas, has denied allegations by the Federal Capital Territory Administration (FCTA) that he owes outstanding payments for a land title, describing the inclusion of his name among defaulters as an error. Abbas, in a statement by his spokesman, Musa Krishi, said that he owns only one land…