ECONOMY

We’re committed to buying, promoting Made in Nigeria vehicles – FG

The Federal Government says it is committed to buying made in Nigeria products including locally made vehicles to boost the nation’s manufacturing sector and provide more job opportunities to Nigerians. The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, disclosed this to State House correspondents at the maiden edition of the ‘State House

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ECONOMY

Expect N195 for One litre of fuel_Marketers warn Nigerians!!

Members of the Independent Petroleum Marketers Association of Nigeria, IPMAN, have advised Nigerians to expect a higher petrol pump price in the coming days, saying price may rise to N195 per litre. They lamented what they described as “inconsistencies” on the part of the Federal Government, the Nigerian National Petroleum Corporation, NNPC, and its subsidiary,

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BUSINESS ECONOMY

CRYPTO: Two ways Nigerians can bypass CBN’s restrictions_Expert!!

Cryptocurrency operators in Nigeria are preparing for life after a draconian crackdown on the novel cyber cash trading by the Nigerian government. The Central Bank Friday ordered deposit money banks and other financial institutions to close accounts used in trading cryptocurrencies by Nigerians.  The controversial and largely unpopular directive came amidst Nigeria’s ranking as the

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ECONOMY

FG reverses electricity tariff hike, pending agreement with Labour!!

The Buhari administration has yet again reversed itself on the increment of electricity tariff which is brewing fufore between government and the masses. Power minister Saleh Mamman directed the Nigerian Electricity Regulatory Commission (NERC) to inform all Electricity Distribution Companies (DISCOs) to revert to tariffs that were applicable in December 2020, a statement from his

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ECONOMY INSECURITIES

NIN: NIMC Staff suspended over extortion allegation!!

Minister for communications and digital economy, Isa Pantami has directed the immediate suspension of some National Identity Management Commission (NIMC) staff accused of extortion.  Kayode Adegoke, head of corporate communications of NIMC confirmed this in a statement released on Sunday January 3.  The suspended NIMC staff members were accused of being involved in extortion of

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ECONOMY

FG secures $2.5 billion Loan from China to fund AKK gas Pipeline Project!!

The federal government (FG) has secured a $2.5 billion loan from China to fund the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project in the country.The $2.8 billion 614 kilometre pipeline with capacity to transport 2.2 billion cubic feet of gas per day was flagged off in July 2020 by President Muhammadu Buhari. Zainab Ahmed, minister of finance,

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ECONOMY

FG secures $2.5 billion loan from China to fund AKK gasline Pipeline Project!!

The federal government (FG) has secured a $2.5 billion loan from China to fund the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project in the country.The $2.8 billion 614 kilometre pipeline with capacity to transport 2.2 billion cubic feet of gas per day was flagged off in July 2020 by President Muhammadu Buhari. Zainab Ahmed, minister of finance,

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ECONOMY

Nigeria’s recession could last up to 2023_World Bank!!

The World Bank (WB) has predicted that Nigeria’s current recession might last for three years unless the current reforms is sustained and the right mix of policy measures is implemented.  In a report titled: “Rising to the Challenge: Nigeria’s COVID response” and released by World Bank Nigeria Development Update (NDU) on Thursday December 10, the international financial agency

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