The National Bureau of Statistics (NBS), said that prices of selected food items increased in November. This is, according to the NBS Selected Food Prices Watch Report for November 2022, released in Abuja on Monday. The report said that the average price of 1kg boneless beef on a year-on-year...
BUSINESS
Some passengers at the Nnamdi Azikiwe International Airport (NAIA), Abuja have condemned the increase in airfare during yuletide. The passengers made this known in separate interviews with the News Agency of Nigeria (NAN) on Saturday in Abuja. They said that it was just necessary for them to travel by...
When it comes to business, making smart decisions cannot be undermined. One very crucial decision is LOCATION! Look around you before putting down that business. What does the location have to offer and what benefit is it to your investment? Such a benefit is having an airport close by....
..As agency debunks secret accounts Fresh facts have emerged that reports claiming that the Managing Director of Nigerian Ports Authority (NPA), Mohammed Koko, purchased the private property with official funds are untrue. Following the wide publicity given to the allegations, associates of the MD have rallied to his defense....
By JOY ADARA, Abuja – The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami has joined members of the Board, management and staff in congratulating two members of the FIRS management team for receiving global recognition awards in tax and technology respectively. While Mr. Mathew...
By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN), announced on Wednesday a review of its policy on cash withdrawal limits, which had attracted outcry from segments of the society. In a circular addressed to all Deposit Money Banks (DMBS) and other Financial Institutions (Payment Service Banks (PSBSs),...
The Bayelsa government on Wednesday confirmed it got N90 billion from the Excess Crude Account (ECA) from the Federal Government as of October 2022. The News Agency of Nigeria (NAN) reports that ECA is a fund warehouses oil revenue in excess of budget benchmark of crude oil prices for...
The African Export–Import Bank (Afrixembank) has reiterated its commitment to save Nigeria from over $700 million losses agro-export rejections with the inauguration of the African Quality Assurance Centre (AQAC). The President and Chairman, Board of Trustees, Prof. Benedict Oramah, disclosed at the inauguration of the AQAC on Wednesday in...
By MBAFAN ADE, Abuja – The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has on behalf of the Federal Government of Nigeria, announced the Mini Bid Round 2022. Chief Executive of the Commission, Engr. Gbenga Komolafe, who made the announcement in a statement, said the Mini Bid Round was an...
Chevron Nigeria Limited on Wednesday confirmed relocation of its base for logistics support activities from Onne Shore in Rivers to Warri and Escravos in Delta . Chevron’s General Manager, Policy Government and Public Affairs, Mr Esimaje Brikinn, made the confirmation in an interview with the News Agency of Nigeria...
The Bureau of Public Enterprises (BPE), says it is collaborating with the Federal Ministry of Health to reform the health sector. Mr Alex Okoh, the Director-General of BPE made this known at a media event on Tuesday in Abuja. Okoh said the reforms would be in the areas of...
The Uniccon Group of Companies says that its collaboration with Canada Trade Commission on Africa’s first humanoid robot “Omeife” is worth $12.6 billion. The Chairman of group, Mr Chuks Ekwueme, said this when the Canada Trade Commissioner from Global Affairs Canada, visited its facilities in Abuja. Chuks said that...
Air transport plays a key role in economic development and in supporting long -term growth. It facilitates a country’s integration into the global economy, provides direct benefits for users and has wider economic benefits through its impact on productivity and growth. To maximise the potential in aviation, President Muhammadu...
By MBAFAN ADE, Abuja – Director-General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has emerged the Public Administrator of the Year at the 2022 Pink Awards organised by La Veronica Magazine. Presenting the Award to the Director General who was represented by the Director, Post Transaction...
The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA ) says resumption of crude oil refining in the Port Harcourt Refinery Company will reduce pump price. The National President of the association, Mr Benneth Korie told newsmen on Monday in Abuja that the refinery would begin crude oil...
Dangote Cement Plc, Ibese Plant, has launched a multi-million naira project for its 17 host communities as part of its Corporate Social Responsibility (CSR) initiative. The company made this known in a statement by Mr Anthony Chiejina, the Group Chief, Branding and Communication, Dangote Industries Ltd., on Monday in...
By CALLISTUS OFFOR, Abuja – The Minister of Communications and Digital Economy of Nigeria, Professor Isa Ali Ibrahim Pantami, had meetings at Space Exploration Technologies Corporation (Space X) headquarters in Hawthorne, California, as well as a meeting at the World Bank Headquarters and another meeting with Google Corporation in...
Mr. Olawale Fasanya, Director General (DG) of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), said the Agency would continue to support entrepreneurs to create jobs and alleviate poverty in Nigeria. Fasanya said this during the flag off of Women In Self Empowerment Empowerment Programme (WISE-P) in Katsina...
The Nigerian Postal Service, NIPOST, has distanced itself from revenue collected on it behalf by Central.Bank of Nigeria (CBN) and other commercial banks in the name of stamp duty. Meanwhile, PRNigeria gathered that the management and staff of NIPOST were furious when their organisation was mentioned in the alleged...
The Central Bank of Nigeria (CBN) has countered claims that its new policy limiting cash withdrawals is targeted at point-of-sales (PoS) agents in particular. Though the apex bank, on December 6, set the weekly withdrawal limit at N100,000 and N500,000 for persons and organisations, respectively, it made allowances for...