Senator Seriake Dickson, representing Bayelsa West in the National Assembly, has accused top individuals residing in Lagos and Abuja of being the masterminds behind the oil theft in the Niger Delta region. He made this revelation during an appearance on “Inside Sources” with Laolu Akande, a socio-political programme aired on Channels Television. Dickson highlighted the…
The Akwa Ibom House of Assembly has earmarked N600 million for the improvement of healthcare facilities across the state. This announcement was made by Mr. Moses Essien, the Chairman of the House Committee on Health, during a media briefing in Uyo. The allocated funds are intended for the maintenance and enhancement of state-owned healthcare facilities…
Vladislav Panev, a member of the Bulgarian parliament, recently led a delegation of lawmakers from Bulgaria to Nigeria in late February. The visit was on the invitation of the Nigeria-Bulgaria friendship group at the Nigerian House of Representatives for a parliamentary exchange. During the visit, Mr. Panev discussed various areas of interest with PREMIUM TIMES,…
The National Bureau of Statistics (NBS) has released its report for February 2024, revealing that the national average cost of a healthy diet per adult per day was N938. This figure represents the minimum cost for a combination of locally available items that meet globally consistent food-based dietary guidelines, serving as a measure of both…
The Manufacturers Association of Nigeria (MAN) has expressed deep concern over the recent decisions of the Monetary Policy Committee (MPC), warning that the increase in the Monetary Policy Rate (MPR) to 24.75% would exacerbate access to credit challenges and harm the competitiveness of the Nigerian manufacturing sector. In a statement titled “Position of Manufacturers Association…
The Federal Government has adjusted the commencement date for operations on the Port Harcourt-Aba rail line, with Minister of Transportation, Senator Saidu Alkali, announcing the new schedule on Friday. Speaking to journalists in Port Harcourt after inspecting the reconstruction of the rail track, Senator Alkali attributed the delay to technical challenges encountered during the project….
The Central Bank of Nigeria (CBN) has made a significant move by reducing the exchange rate for customs import duties collection, marking the lowest rate in eight weeks. According to Nairametrics, the exchange rate for duties collection has dropped from N1405/$ to N1303.8 to the USD, indicating a notable decrease of N102 or 7.24% within…
Reno Omokri, a former spokesperson for the presidency, has openly commended President Bola Tinubu for his substantial achievements within less than a year in office, drawing a stark contrast to what he described as the “eight wasteful years” under former President Muhammadu Buhari. Celebrating Tinubu’s 72nd birthday on X, Omokri lauded the president’s bold economic…
Following a bold move by the Central Bank of Nigeria (CBN) to increase the Monetary Policy Rate (MPR) by 200 basis points, reaching a staggering 24.75%, the Nigerian economy experienced a significant influx of $1.5 billion within just a week. This decision, announced last Tuesday, appears to have ignited considerable interest from foreign investors, reflecting…
President Bola Tinubu has approved the establishment of two key economic councils aimed at addressing Nigeria’s current economic challenges. The Presidential Economic Coordination Council (PECC) and the Economic Management Team Emergency Taskforce (EET) are strategic moves to enhance the nation’s economic governance frameworks. The PECC, chaired by President Tinubu with Vice-President Kashim Shettima as Vice-Chairman,…