Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says Nigeria needs to invest 20 billion dollars to achieve the economic targets by 2027. Edun stated this during the citizens’ and stakeholders’ engagement on the implementation of presidential priorities and ministerial deliverables for the fourth[Read More…]
The Lagos State House of Assembly has dismissed as flawed the allegation made by an anti-corruption coalition that it awarded a N17 billion contract for the construction of the Assembly’s gate. The Chairman, House Committee on Information, Security and Strategy, Mr Stephen Ogundipe denied the allegation in a statement in Lagos on Thursday. An[Read More…]
The National Bureau of Statistics (NBS) reported Nigeria’s headline inflation rate rose to 34.60 per cent in November 2024, a 0.72 percentage point increase from October’s 33.88 per cent. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for November, which was released in[Read More…]
United Bank for Africa (UBA) has donated the sum of N500 million to the Lagos State Security Trust Fund (LSSTF). The bank donated through the UBA Foundation, its corporate social responsibility arm, as part of its continued commitment to a secure environment for individuals and businesses. The[Read More…]
The Federal Government is to spend 47,960,000,000,000 in 2025. The proposed expenditure was given as the Federal Executive Council (FEC) on Monday approved the budget proposals for 2025 with President Bola Tinubu ordering some amendments after its presentation to the Council by the Budget Office. Briefing[Read More…]
Dangote Petroleum Refinery and Petrochemicals FZE has sought to amend its suit against the Nigerian National Petroleum Company Limited (NNPCL) and others. The plea to amend the suit followed an application by the NNPCL before Justice Inyang Ekwo of a Federal High Court in Abuja, urging the court to[Read More…]
The Nigerian Army on Monday, performed a symbolic lowering and hoisting of command flag at Army Headquarters as Lt.-Gen. Olufemi Oluyede assumed command as the 24th Chief of Army Staff (COAS). Oluyede was appointed by President Bola Tinubu on Oct. 30 in an acting capacity following the death[Read More…]
The Edo State Commissioner of Police, Umoru Ozigi has ordered an investigation into the circumstances leading to the death of Mr Kaduna Eboigbodin, a former chairman of the Nigeria Labour Congress (NLC) at a police checkpoint in Benin City. The command spokesman, SP Moses Yamu, said the Commissioner[Read More…]
The Central Bank of Nigeria (CBN) has urged members of the public who are unable to obtain cash, either over-the-counter or through ATMs to report the Deposit Money Banks (DMBs) involved using designated reporting channels and formats. The CBN also directed the banks to ensure efficient cash disbursement[Read More…]
The Nigeria is requesting South Africa’s backing to attain full membership in the G20, BRICS and the BRICS New Development Bank (NDB). Nigeria is also seeking South Africa’s support to assume leadership roles in thematic discussions of interest under South Africa’s G20 presidency. These requests were made by Amb. Bianca[Read More…]
