The National Bureau of Statistics (NBS), says prices of food items such as tomatoes, beans and yams witnessed increases in April. It made the declaration in its Selected Food Prices Watch Report for April issued in Abuja on Saturday. The report also stated that the average price of 1kg...
BUSINESS
First Bank of Nigeria Ltd. recorded significant growth across key metrics in the first quarter of 2023. In its first quarter 2023 financial result, the bank stated that it recorded gross earnings of ₦245.7 billion, a 44.2 per cent growth against the ₦170.4 billion it earned in the corresponding...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will no longer fix prices or release templates for Premium Motor Spirit (PMS). Authority Chief Executive (ACE), Mr Farouk Ahmed, who said this at a news conference in Abuja on Friday, said that market forces would henceforth dictate...
Some traders in Abuja have lamented the spike in transport fares as fuel stations hiked the pump prices of petrol. The traders expressed their displeasure in an interview with the News Agency of Nigeria (NAN) correspondent in Abuja. NAN reports that barely hours after President Bola Tinubu said “fuel subsidy is...
By OFFOR CALLISTUS, Abuja – The Nigeria Communications Commission (NCC) has flagged off the first Talk-To-The Regulator Forum for the Year, 2023, holding in the South-South, Yenagoa, Bayelsa State. The Executive Vice Chairman of the NCC, Professor Umar Danbatta, in his keynote address, acknowledged the crucial contribution of the...
9mobile,a telecommunications company has been ranked among the top 25 best workplaces in Nigeria. 9mobile in a statement, said they were ranked as one of the workplaces where employees could grow their careers in 2023 LinkedIn Top Companies Ranking. According to LinkedIn, 9mobile, with an impressive track record in...
By JOY ADARA, Abuja – The Central Bank of Nigeria (CBN) has debunked media reports alleging that the apex bank has devalued the country’s currency, Naira to N600 per US dollar at the parallel market. Ag. Director, Corporate Communications, Dr. Isa AbdulMumin, debunked the report in a statement issued...
By OLA MUDOPE, Lagos – United Nigeria Airlines has confirmed that one of its aircrafts skidded off the runway at the Murtala Muhammed Airport 2 in Lagos . No fewer than 50 passengers were on board in the aircraft which flew in from the airport in Abakaliki on Wednesday. Head,...
By JOY ADARA, Abuja- Nigeria’s Tax-to-GDP ratio which, in the last 12 years, hovered between 5% to 6% rose to 10.86% by the end of 2021. The new ratio was communicated to the Federal Inland Revenue Service (FIRS), via a letter signed by the Statistician-General of the Federation, Prince Adeyemi...
By CALLISTUS OFFOR, Abuja – Prof. Umar Garba Danbatta, the Executive Vice Chairman of the Nigerian Communications Commission (NCC), will be conferred with the esteemed National Productivity Order of Merit (NPOM) Award, among other notable Nigerians. The announcement was made in an advertorial signed by the Director General of...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has assured Nigerians that fuel queues in filling stations, following the affirmation of the removal of subsidy, will soon vanished. Malam Mele Kyari, the Group Chief Executive Officer (GCEO), briefed State House correspondents after meeting President Bola Tinubu on Tuesday at...
The Naira appreciated against the dollar on Tuesday, exchanging for N464.50 at the Investors’ and Exporters’ window compared with the N464.51 to the dollar at the close of business on May 26. The open indicative rate closed at N464.10 to the dollar on Tuesday. An exchange rate of N467...
By OLA MUDOPE, Lagos – The School of Media and Communications, Pan-Atlantic University, has announced the 2023 fellows for the second edition of the MTN Media Innovation Programme (MIP). The 20 successful fellows emerged from over 2,700 applicants. The MTN MIP seeks to expose fellows and empower media practitioners...
Prof. Anthony Kila, Policy Analyst and Professor of Strategy and Development, has advised President Bola Tinubu to institute an independent public inquiry into the Nigeria Air. Kila, who is also a Commonwealth Institute Director, made the call in a statement issued to the News Agency of Nigeria (NAN) in Lagos on...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is working with the NNPC Ltd. and other stakeholders to guarantee a smooth transition following the removal of fuel subsidy. The News Agency of Nigeria (NAN) reports that President Bola Tinubu, in his inaugural speech on Monday, said...
The Nigerian National Petroleum Company Limited (NNPC Ltd) says the decision to remove subsidy on Premium Motor Spirit (PMS) known as fuel by President Bola Tinubu is a welcome development. Malam Mele Kyari, Group Chief Executive Officer (GCEO), NNPC Ltd. made this known at the NNPC Ltd. Towers in...
Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), says his members will align with President Bola Tinubu’s position on unified exchange rates. Gwadabe said this in an interview with the News Agency of Nigeria (NAN) on Monday in Lagos. NAN reports that Tinubu had...
The Association of Telecommunications Companies of Nigeria (ATCON) on Monday urged President Bola Tinubu to look within the Information and Communications Technology (ICT) sector to appoint a Minister of Communications and Digital Economy. Mr Ajibola Olude, Secretary of ATCON, told the News Agency of Nigeria (NAN) while speaking on the...
Chief Raymond Dokpesi, Chairman of Daar Communications has reportedly died. According to reports, Dokpesi, who was a chieftain of the Peoples Democratic Party (PDP) died at the age of 71 in Abuja. He died in an Abuja hospital after he suffered a stroke. This reportedly happened after the recent...
Outgoing President Muhammadu Buhari has approved the renaming of 15 airports after some prominent Nigerians. The approval, according to a statement from the Ministry of Aviation signed by the Head of Press and Public Affairs, Odutayo Oluseyi, was given on Friday. The airports include Akure International Airport named after...