Vice-President Kashim Shettima has expressed optimism that Nigeria will become a major economic force in the world under President Bola Tinubu. Shettima stated this at the Presidential Villa, Abuja when he hosted a delegation from the Commonwealth Enterprise Investment Council (CWEIC) led by its Chief Executive Officer (CEO), Rosie Glazerbrook. According to him, the Tinubu’s administration is committed to creating an unprecedented enabling environment for both local and foreign investors to thrive. “This is being done through harnessing resources of the country’s youth population in digital technology, improving electricity supply, boosting production and manufacturing, among other initiatives of government,” he…
Author: Editor
The Nigerian Meteorological Agency (NiMet) has predicted sunshine and thunderstorms from Thursday to Saturday across the country.
A coalition of foreign and Nigeria-based agro companies led by Shine Bridge Incorporated has indicated interest in partnering with the Federal Government on large-scale commercial cassava processing and food manufacturing.
The World Bank Group(WBG) and African Development Bank(AfDB) Group are partnering to provide no fewer than 300 million people in Africa with electricity access by 2030.
The Nigerian Exchange Ltd. (NGX) rebounded on Wednesday, gaining N57 billion to close at N56.504 trillion. This increase follows eight consecutive sessions of losses. The market capitalisation, which opened at N56.447 trillion, rose by 0.10 percent to reach N56.504 trillion by the close of trading. Similarly, the All-Share index saw a 0.10 percent increase or 101 points, closing at 99,908.89, compared to 99,808.34 posted on Tuesday. As a result, the Year-To-Date (YTD) return rose to 33.61 per cent, reflecting renewed investor confidence. The market saw notable buying interest in FBN Holdings, Access Corporation, Transnational Corporation, Guinea Insurance, Ikeja Hotel, and…
The Director-General, National Emergency Management Agency (NEMA), Mrs Zubaida Umar, has called for urgent measures to prevent flooding in the country. She said action must be taken now in view of the just released 2024 Seasonal Climate Prediction and the Annual Flood Outlook. The D-G stated this in Abuja on Wednesday at a 2-day Technical Expert meeting on 2024 Climate-Related Disaster Preparedness and Mitigation Strategies. Umar added that it was important to use reliable data to develop effective response strategies to flooding and other disasters. She called for more collaboration among stakeholders in sensitising Nigerians to take proactive measures against…
ASHENEWS reports that the Police Service Commission (PSC) has asked applicants earlier directed to leave the designated screening centres after their practical examination to return immediately for their medical tests.
A physician, Dr Tunji Akintade, has advocated the use of “sin taxes” for health insurance financing to attain the desired Universal Health Coverage (UHC) in Nigeria. Akintade, a former Chairman, Association of Nigeria Private Medical Practitioners, made the call in an interview on Wednesday in Lagos. Wikipedia defines “sin tax” as a tax levied on products or activities that are considered harmful or undesirable. “These taxes are typically implemented to discourage consumption of the taxed products or to raise revenue for the government,” he said. Some of the harmful products include sweetened sugar beverages, alcohol, tobacco, and gambling, among others.…
The Organized Private Sector of Nigeria (OPSN) has called for the suspension of the implementation of the new electricity tariff hike. The OPSN, via a statement on Wednesday in Lagos, said the call was to enable all stakeholders to have meaningful dialogue around the process and methodology of determining electricity tariffs. The statement was signed by the Director-General of the Manufacturers Association of Nigeria (MAN), Mr Segun Ajayi-Kadir, on behalf of the OPSN. The Federal Government, through the National Electricity Regulatory Commission (NERC), announced an increase in tariff for users under the Band A category, effective April 3. The new…
President Bola Tinubu has commended Dangote Oil and Gas Limited for reducing the price of Automotive Gas Oil (AGO), also known as diesel. This is contained in a statement by Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale, on Wednesday in Abuja. Diesel is mostly used in large quantities in Nigeria by industries and articulated vehicles for transporting goods across the country. A reduction in the price of diesel will subsequently affect the prices of goods and services across the board and reduce the current skyrocketing prices in the country. ALSO READ: Dangote reduces diesel price…