BY GODDY OBINWA A new report has said insecurity and the sit-at-home protest in the South East geopolitical zone have led to economic losses estimated at almost N4 trillion. The report was made available to the public by DevEast Foundation, a non-profit, issue-based policy and business advocacy organisation with emphasisContinue Reading
BY GODWIN OBI SENATORS Wednesday divided over plans by the Central Bank of Nigeria ( CBN) to limit cash withdrawal by any individual to N100,000 and Corporate bodies to N500,000 per week from January 9, 2023 as they kicked against the timing. Senators who kicked against the proposed policy,Continue Reading
BY GODDY OBINWA The Federal Government says construction work on the East-West road will gulp N200 billion, including N13 billion on the failed Eleme axis of the road. The Minister of Works and Housing, Babatunde Fashola said this on Wednesday during a visit to Rivers State to assess the stateContinue Reading
BY GODWIN OBI The Nigerian Maritime Administration and Safety Agency NIMASA has sent forth 235 Nigerians to Indiaand Greece as batch B of the 435 young Nigerians to be trained as Licenced Deck and Engine Officers including Naval Architects under the Nigerian Seafarers Development Programme, NSDP The Honourable Minister of Transportation EngineerContinue Reading
•Says no more subsidy for power sector BY MARTINS DURU Against the backdrop of restructuring of the management and operations of power Distribution Companies (DISCOs), the Federal Government is set to draw down on a $500 million World Bank loan, to overhaul the country’s power sector. In July 2022, theContinue Reading
BY JAMES AKINOLA Spokesman of the Atiku Presidential Campaign Organisation, Mr. Charles Aniagwu, who addressed a press conference in Asaba, described the outing by Tinubu and his handlers at Chatham House as ignoble and show of shame, saying by his action, the APC candidate denigrated the office of the presidentContinue Reading
BY EFE MODESTUS The Federal Government has refuted an international news agency report that the military carried out 10,000 abortions for victims of Boko Haram in the North East. Minister of Information and Culture, Alhaji Lai Mohammed, who said this at the ongoing PMB administration scorecard series in Abuja, yesterday,Continue Reading
BY GODDY OBINWA Governor Hope Uzodimma of Imo State has condemned the incessant attacks on offices of the Independent National Electoral Commission (INEC) in the state, describing them as “politically contrived”. The governor made the comment at the Imo Police Command Headquarters in Owerri on Monday in the aftermath ofContinue Reading
BY GODDY OBINWA Major Oil Marketers Association of Nigeria (MOMAN) has opened up on the lingering fuel scarcity, saying Nigerian institutions have diminished capacity to deal with energy crisis. This was even as it warned that new and refurbished refineries may not survive with refining margins at current pump prices.Continue Reading
BY GODWIN OBIThe Minister of Transportation, Mu’azu Jaji Sambo, has extolled the formidable achievements attained especially in the rail sector by his predecessor, Rt. Hon. Rotimi Amaechi. Sambo made the disclosure during a press briefing on Saturday at Naval Dockyard, Victoria Island Lagos, immediately after the send forth ceremony forContinue Reading