The Civil Society Legislative Advocacy Centre has said that the Central Bank of Nigeria’s plan to redesign 200, 500 and 1,000 naira notes is not an economic priority for the country, considering the current challenges facing the economy. The Executive Director of CISLAC, Auwal Musa, made this known in a[Read More…]
Author: Godwin Anyebe
In 2022, Airlines Spend $192bn on Jet-A1
The Nigerian aviation sector has spent $192bn in 2022 on aviation fuel alone, a report by Philips Consulting Limited said. According to the report titled, ‘Nigeria’s Aviation Industry Customer Satisfactory Survey Report 2022’, obtained by Newsmen, in the first six months of 2022, the jet fuel price rose to 70[Read More…]
CBN Grant Approval to MTN, Glo, Airtel, Other Payment Service Banks to Sell Dollar
The Central bank of Nigeria has approved dollar sales by Payment service banks(PSB), Nigerian three telecommunication giants MTN, Airtel Glo, have licences to operate PSB CBN’s decision to allow PSBs to sell dollars will go a long way in reducing the difficulties in getting dollars, especially for online transaction. CBN,[Read More…]
Press Release On The Illicit Use Of Herbal Intoxicant Popularly Called ‘Kurkura’ Gargle, Herbal Aphrodisiac, And Alcoholic Bitters In The Country
It is my pleasure to welcome you all to this Press briefing on the activities of NAFDAC. As you are all aware, NAFDAC was established by Act Cap N1 Laws of the Federation of Nigeria 2004 to regulate and control the manufacture, importation, exportation, advertisement, distribution, sale and use of[Read More…]
Press Release By Director General NAFDAC On The Presence Of Mercury In Vaccines Iin Nigeria
It has come to our knowledge that a statement was made that “children in Nigeria were being administered a vaccine that contains 40 percent mercury which was prescribed by foreign organisation.” This statement is not true Mercury is a metal and it is not used as an element as a[Read More…]
says he is unperturbed by LASAA’s favouritism towards APC*
Abdul-Azeez Olajide Adediran, aka Jandor, the People’s Democratic Party (PDP) flagbearer in Lagos state in next year’s governorship election has said that he is unperturbed by the favouritism accorded the ruling party in the state by LASAA, noting that, it is a sign that his campaign movement is unsettling the[Read More…]
FG Targets 10m Tons Of Gas Production In 5 Years – NNPC Boss
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mallam Melee Kyari has disclosed that Nigeria has market opportunities for Liquefied Petroleum Gas (LPG) of 10 million tons by 2027. He spoke in Lagos during the International Conference and Exhibition to commemorate the 15th anniversary of[Read More…]
FEC Approves 17 billion for Communications Infrastructure in Nigeria
Federal Executive Council has approved N17.4 billion for provision of broadband infrastructure across the six geopolitical zones for micro, small, and medium enterprises as well as tertiary and higher learning institutions. This will come in the form of a supply of IT communications equipment and furniture for communication centres, in[Read More…]
NESG Says $2.5m Badagry Seaport will Boost Economy
The Nigeria Economic Summit Group and the Center for the Promotion of Private Enterprise have stated that the Badagry Deep Seaport has the potential to enhance international trade between Nigeria and other nations, especially within the subregion of West Africa. A member of NESG, Dr Emeka Nwosu, said that the[Read More…]
FG, States And LGAs Share N700.235bn For Sep 2022
The Federation Account Allocation Committee (FAAC) has shared N700.235 billion to the three tiers of government as federation allocation for September, 2022. From this stated amount, inclusive of Gross Statutory Revenue, Value Added Tax (VAT), and Electonic Money Transfer Levy (EMTL), the Federal Government received N262.636 billion, the States received[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]