News
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Diesel price slash ‘ll help bring inflation down — Aliko Dangote
Chairman of Dangote Group, Alhaji Aliko Dangote, has said that his refinery’s capacity to sell diesel at greatly reduced prices would offer immediate relief to Nigeria’s inflation challenges. Recall that on Tuesday, Dangote Petroleum Refinery announced a further reduction of the price of diesel from 1200 to 1,000 naira per…
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I am committed to peace in Imo, Nigeria – Uzodimma
The Imo state Governor Hope Uzodimma on Tuesday said his committed to achieving peace in Imo state and Nigeria at large. Uzodimma disclosed this to newsmen in Owerri, through his Chief Press Secretary Oguwike Nwachukwu. This was after he met with the Ihube Peace Committee from Okigwe council area of…
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FG writes govs as agency predicts flooding in 31 states
The Federal Government has written at least 31 governors informing them of the impending flooding in their states between April and November this year. The Minister of Water Resources and Sanitation, Prof Joseph Utsev, stated this on Tuesday in Abuja while briefing journalists on the 2024 Annual Flood Outlook for…
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PDP NEC: Atiku, Wike’s loyalists in battle for party’s control
AHEAD of the National Executive Committee, NEC, meeting of the Peoples Democratic Party, PDP, slated for tomorrow, loyalists of former Vice President Atiku Abubakar and the FCT Minister, Nyesom Wike are locked in moves and counter moves to gain control of the party. This was as the National Working Committee,…
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FG pays N205bn electricity subsidy, as DisCos withhold N50bn — NERC
The NERC said the rise in the government’s subsidy obligation meant that in Q3/2023, DisCos were only expected to cover 45 per cent of the total invoice received from the commission. The development comes on the heels of a report by NERC, that DisCos did not remit about N50bn to…
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27 states fail to access N54.9bn UBEC fund
TWENTY-SEVEN states of the federation and the Federal Capital Territory, have failed to access the sum of N54.9bn basic education fund provided by the Universal Basic Education Commission. The funds are lying fallow, despite the growing number of out-of-school children in the country. The N54.9bn figure is obtained from a…
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Why price of bread is high — Bakers
The Premium Bread makers Association of Nigeria, PBAN, has said increase in the price of bread was caused by volatility in exchange. Recall that before the ascension to office of the present government, the exchange rate hovered around N465 to the dollar in the official market and N762 in the…
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Food crisis: Address factors disrupting supply chain, others, NECA tasks govt
The Nigeria Employers’ Consultative Association, NECA, has asked the government at all levels to address factors disrupting food supply to resolve the worsening food crisis confronting the country. NECA, the voice of business in Nigeria and the umbrella body for employers in the country, pleaded with the nation’s policymakers to…
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Nigeria’s inflation rate will drop to 23% by 2025 -IMF
In a recent release of its Global Economic Outlook at the International Monetary Fund/World Bank Spring Meetings in Washington D.C., on Tuesday, the IMF provided projections for Nigeria’s economy, indicating a significant shift in inflation rates. Division Chief of the IMF Research Department, Daniel Leigh, highlighted the impact of Nigeria’s…
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Army to build personal homes for troops fighting insecurity
The Nigerian Army says arrangements are in place to build befitting personal homes for all soldiers fighting various forms of insecurity in the country. It also said premiums paid to beneficiaries of various insurance schemes to cater for troops’ dependents in any eventuality have been doubled without any corresponding increase…