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China To Fund Port Harcourt-Maiduguri, Abuja-Kano Rails

FG mulls Chinese, Portuguese loans to complete railways

The Chinese government, on Wednesday, expressed its commitment to refinance and complete the Abuja-Kano and Port- Port-Harcourt-Maiduguri railway projects. A statement signed by the VP’s Senior Special Assistant on Media and Communications, Stanley Nkwocha, on Wednesday, said: “President of Peoples …

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ECONOMY: Nigeria’s Economic Recovery Escapes Grasp Amidst Mounting Risks for SSA’s Lost Decade….

ECONOMY: PFAs Comply with N5 Billion Minimum Regulatory Capital Requirement…

Cowry Research opines that Nigeria should urgently diversify its economy by incentivizing private sector investments in agriculture, manufacturing, and technology to help mitigate the country’s heavy reliance on oil, which has proven vulnerable to global price fluctuations. Also, fiscal reforms …

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Airlines Increase Flight Seats To Beat High Operating Costs

As part of strategies to beat high operating costs in the aviation industry, domestic airlines have increased the number of flight seats, allowing more travellers to commute and boost revenue. The President of the National Association of Nigeria Travel Agencies, …

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Dangote, Honeywell, Others Enjoyed N390.26bn Tax Waivers In Two Years

MAN, NECA, NACCIMA reject FG’s excise tax hike

About 71 companies enjoyed N390.26bn pioneer status incentives in two years, according to findings by media. Data obtained from the Federal Inland Revenue Service annual reports showed that pioneer status incentives gulped N1.43bn in 2021 and N388.83bn The Federal Government grants …

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Stop Attacking Critics Of Your Govt, PDP Urges Soludo

Soludo sworn in as Anambra governor, retains Obiano’s SSG

Charles Soludo during the inauguration The Anambra State chapter of the Peoples’ Democratic Party has asked the state governor, Prof. Chukwuma Soludo, to stop attacking critics of his administration. The party’s spokesman in Anambra, Uloka Chibuike, stated this in a …

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Imo poll: Uzodimma Cannot Win Credible Election – PDP

Imo uncovers 3,000 ghost workers, raises community policing panel

Hope Uzodinma The Peoples Democratic Party has said that the candidate of the All Progressives Congress and Governor of Imo State, Hope Uzodimma, cannot win a credible governorship election in the state. The Independent National Electoral Commission scheduled the Imo …

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Messi Double Helps Argentina Stay Perfect, Neymar Injured As Brazil Slump

Lionel Messi scored two goals as Argentina extended their perfect start to South American qualifiers for the 2026 World Cup on Tuesday with a 2-0 victory over Peru. The Inter Miami star took his international goal tally to 106 with …

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Autochthonous Aisha

Mrs. Aisha Waziri Umar is a non-executive director with the Nigeria’s pioneer non-interest bank, Jaiz Bank. She is a Legal Practitioner & Notary Public with over 23 years’ experience across multiple sectors including law, banking, finance, public sector policy and …

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FG Pegs FX Rate At N700/$ As Overhead Costs Spike N26tr 2024 Budget

• To present supplementary budget, 2024-2026 MTEF, others to NASS • Pegs crude oil at $73.96, approves $1.5b World Bank loan• FEC meetings no longer weekly, to hold Mondays• Tinubu swears-in Ibrahim-Bio, Lawal, Olawande as ministers Notwithstanding the volatility of the …

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Ajaokuta Steel Faces Disconnection Over N25bn Debt, Says NERC

Reps probe Nigeria’s deal with Russia on Ajaokuta

Ajaokuta Steel Electricity distribution companies through the Nigerian Electricity Regulatory Commission have warned the Federal Government that failure to settle its electricity bills totalling N25bn may result in its facility, Ajaokuta Steel Co. Ltd,’s disconnection from the national grid. This …

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Moffi, Simon Score As Super Eagles Beat 10-Man Mozambique 3-2

Goals by Terem Moffi, Frank Onyeka and Moses Simon steered Nigeria to a 3-2 victory over 10-man Mozambique in their international friendly encounter in Portimäo yesterday. The win in the Portuguese city was the first for the Super Eagles in …

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Nigeria’s Inflation Rate Hits 26.72% In September– NBS

The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 26.72 per cent in September 2023. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for September, released in Abuja on Monday. According …

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FG To Pay Nine Months N-Power Arrears From November

The Federal Government has announced its readiness to commence the payment of nine months backlogs to N-Power beneficiaries who are on the programme beginning from November. It announced this on Monday through the N-Power National Programme Manager, Akindele Egbuwalo, who …

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How Banks Frustrated Forex Restriction Policy On Select Items

Q1 Foreign Debt Servicing Gulped $1bn – CBN

*CBN caught in-between policy contradictions *Mixed reactions trail policy as pressure on naira intensifies amid fears   Mixed reactions have continued to trail the Central Bank of Nigeria (CBN)  lifting of forex participation restriction on 43 items, which has been described as …

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Why AfCFTA Nigeria Is In Abeyance

It became clear last week that Nigeria has not presented any operational strategy for the African Continental Free Trade Agreement(AfCFTA) since the initiative took off in the country in 2021. A member of the National Action Committee on AfCFTA, Mrs. …

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BEARS: First Lady Vs Vice President

Another constitutional crisis is brewing in the presidency over the health of Mr. President. This time it is over the inability of President Bola Tinubu to hold the weekly Federal Executive Council(FEC) meetings. The president has been out of the …

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BULLS: FERMA Gets Internship Chairman

Engr. Imam Ibrahim Kashim Ima President Tinubu’s administration has made history by appointing a 24- year old boy as Chairman of the Federal Roads Maintenance Agency(FERMA). Engr. Imam Ibrahim Kashim Ima just completed his National Youth Service Corp(NYSC) in 2022.   …

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Shipping Magnate  Wins Lord Wilson Golf Open Lakowe Nigeria

 The owner of one of Nigeria’s biggest Tug supply Vessels MV Atlantic Brigand Mr Augustine Ndubisi  at the weekend  won the Lord Wilson  golf open tournament which took place at Lakowe Lakes  Golf Resort in Lagos.  Mr Ndubisi who plays off …

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Angry Passengers Demand Refund Of Air Fares From Air Peace Over Delay

Air Peace reaches 55 million passenger mark in eight years

Some Air Peace passengers at the Murtala Muhammed International Airport, Lagos, Friday,last week demanded a refund of their airfare in anger after their flight was delayed for several hours. . PREMIUM TIMES  reports that the flight P47140 from Lagos to Uyo, …

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Customs Set To Deploy Tech Solution To Drive  Operations

The Nigeria Customs Service (NCS) has concluded plans to deploy technological solution in order to drive its operation. This was disclosed by the Acting Comptroller General of Customs,  Adewale Adeniyi aftermath the World Customs Organization (WCO) Technology Conference and Exhibition which …

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