Business

AMCON to sell Ibadan DisCo

AMCON to sell Ibadan DisCo     Assets Management Corporation of Nigeria (AMCON) says it plans to sell the loss making Ibadan Electricity Distribution Company (IBEDC) to more efficient investors capable of turning the entity around. AMCON Managing Director/Chief Executive Officer, Gbenga Alade, disclosed this at an interactive session with[Read More…]

Nigeria’s GDP rises by 3.1%, NBS

Nigeria’s GDP rises by 3.1%, NBS   Nigeria’s Gross Domestic Product (GDP) grew by 3.1 % for the second quarter of 2024, National Bureau of Statistics (NBS) disclosed this in its report on Monday.   In its Q2 2024 report, the Bureau said Nigeria’s GDP rose year-on-year in real terms[Read More…]

BREAKING: NIA Boss, Ahmed Abubakar, Resigns

NIA Boss, Ahmed Abubakar, Resigns   Director-General of the National Intelligence Agency (NIA), Ahmed Abubakar, has tendered his resignation to president Bola Tinubu.     Abubakar was appointed in 2018 by former President Muhammadu Buhari. He was reappointed in December 2021.

FG increases fees for Nigerian Passport

FG increases fees for Nigerian Passport The federal government has announced an increase in the cost of obtaining the Nigerian Passport effective from September 1, 2024. The Nigeria Immigration Service‘s spokesman, Kenneth Udo, revealed this in a statement posted on the NIS’s X handle on Wednesday. According to the statement,[Read More…]