The $1.1 billion port rehabilitation project announced by the Nigerian Ports Authority (NPA) five months ago received a major boost on Wednesday with the signing of a $700 million facility agreement with Citibank. Speaking during the signing of a mandate letter with Citibank Nigeria in Lagos, the Managing Director ofContinue Reading
BY GODWIN OBI The $1.1 billion port rehabilitation project announced by the Nigerian Ports Authority (NPA) five months ago received a major boost on Wednesday with the signing of a $700 million facility agreement with Citibank. Speaking during the signing of a mandate letter with Citibank Nigeria in Lagos, theContinue Reading
BY GODWIN OBI Justice Emeka Nwite of the Federal High Court Abuja has adjourned the suit instituted by the Economic and Financial Crimes Commission (EFCC), against the immediate past Governor of Kogi State, Yahaya Bello, to April 23, 2024. The adjournment is for substituted service and possible arraignment of BelloContinue Reading
BY GODWIN OBI The Nigerian government is making progress in consultations regarding the reopening of the country’s land borders, according to the Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi. He spoke after the inauguration of the National Single Window Project. He said he has been in touch withContinue Reading
•Police discover more hideouts, weapons on UCH premises•Arrest 2; Man-O-War disowns suspect•Ignore those agitating for Yoruba Nation —Ooni•Our members not involved in Oyo invasion —OPU BY JAMES AKINOLA Yoruba Nation agitators yesterday, threatened to cause more havoc if security agents refuse to release their members who hoisted their flag atContinue Reading
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the Nigerian economy is moving in the right direction as policies of the new administration has started slowing down food inflation. The minister spoke virtually on Channels Television’s Business Incorporated programme on Tuesday from Washington DC whereContinue Reading
•Urges Tinubu to drop appointees who fail to deliver BY GODWIN OBI Former governor of Kaduna State, Nasir El-Rufai, has said the Federal Government has continued to pay for fuel subsidy. Speaking in Maiduguri Borno State, yesterday, El-Rufai said the government is now paying more subsidy than it was payingContinue Reading
BY GODWIN OBI Despite Naira’s rebound, Nigeria’s inflation rate jumped to 33.20% in March 2024 compared to February 2024 headline inflation rate which was 31.70%. This was according to the National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) report released on Monday. “Looking at the movement, the March 2024Continue Reading
BY GODWIN OBI The Economic and Financial Crimes Commission (EFCC) it has recovered a combined total of N32.7bn and $445,000 has been recovered so far from the ministry. The commission gave the reveletion while dispelling commentaries, opinions, assumptions, and insinuations concerning the progress of its mobile investigations into the allegedContinue Reading
BY GOWIN OBI Organised Labour has demanded N615,000 as the new minimum wage for workers to cope with the many economic realities and high cost of living in Nigeria. The President of the Nigeria Labour Congress (NLC) confirmed the development to Channels Television on Sunday. The new wage of N615,000Continue Reading