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…
The Nigerian Communications Commission (NCC) has intensified efforts to enforce the linkage of National Identity Numbers (NINs) to SIM cards, with an order to telecommunication companies to bar calls from numbers that are yet to be linked starting from Friday, 29 March. This directive, part of a broader initiative to enhance security and clean up…
Governor Nasir Idris of Kebbi State recently stressed the importance of enhancing collaboration between Nigeria’s federal and state governments, aiming to optimise the delivery of democracy’s dividends to the populace. Speaking with reporters in Abuja this Friday, Idris highlighted the crucial role such cooperation plays, not only in aligning projects and social services but also…
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 called for stringent measures against kidnappers, advocating that they be treated as terrorists due to their heinous acts. He made this declaration during a Ramadan dinner with members of the Federal judiciary, led by Chief Justice of Nigeria (CJN), Justice Olukayode Ariwoola. During the event attended by serving and retired judicial…
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,…
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has raised concerns about the availability of enough crude oil locally for the production of petroleum products by refineries and modular refineries in Nigeria. He emphasized that without an increase in production in the sector, these facilities may not receive adequate crude oil. Speaking at…
Abia State Governor, Alex Otti, has urged the Minister of Niger Delta Affairs, Abubakar Momoh, to mobilise contractors back to sites to complete abandoned projects by the Niger Delta Development Commission (NDDC) across Abia State. During a visit by the minister and his team to inspect road projects handled by the Ministry of Niger Delta…