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NEWS

599 Results / Page 42 of 67
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BUSINESS

Nigeria not generating enough revenue to support devt – IMF

Nigeria is not earning enough revenue to support its developmental needs, the International Monetary Fund has disclosed. According to the IMF, the country’s nine per cent revenue to Gross Domestic Product ratio is very low and not enough to support the country’s social safety nets, development spending, and protect its vulnerable households. The Director of the IMF’s Communications Department, Julie Kozak, revealed this during a press briefing on Thirsday. Responding […]

todayDecember 11, 2023 75

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Budget: FG to spend N837bn on 2,254 roads, bridges

The Federal Government is planning to rehabilitate and construct 1,925 roads and highways across the country in the 2024 budget proposal' The government also allocated N548.56b for roads construction in 2024, with the East-West and Benin-Akure roads getting N2bn and N3.75bn respectively. This is however separate from the N288.44bn allocated for the modernisation of 329 roads and bridges in the 2023 supplementary budget. If road projects in the supplementary budget […]

todayDecember 11, 2023 25

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Cutting relationship with Wike, Fubara’s best decision – Rivers APC chieftain

Chief Eze Chukwuemeka is a chieftain of the All Progressives Congress and ally of the former Minister of Transport, Rotimi Amaechi. In this interview with DENNIS NAKU, the former National Publicity Secretary of the defunct new Peoples Democratic Party speaks on the dissolution of the APC Rivers executive by the party’s National Working Committee and the political crisis in Rivers State What is your opinion about the dissolution of the APC executive […]

todayDecember 11, 2023 12

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LASTMA sacks five officials for corruption

The Lagos State Traffic Management Authority has confirmed the dismissal of five officers and reprimanded two for being guilty of corruption and misconduct while performing their duties in the state. According to the statement, the Lagos State Civil Service Commission had approved every proposal the Personnel Management Board had made about the seven LASTMA officers who had been indicted during their meeting on Tuesday, August 19, 2023. Taofiq said, “While […]

todayDecember 11, 2023 55

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UNGA meets on Gaza Tuesday

The United Nations General Assembly will meet on Tuesday to discuss the humanitarian crisis in Gaza, officials and diplomats said Sunday, after the United States last week vetoed a Security Council resolution for a ceasefire. A special meeting of the General Assembly has been called for Tuesday afternoon by the representatives for Egypt and Mauritania “in their respective capacities as Chair of the Arab Group and Chair of the Organisation […]

todayDecember 11, 2023 56

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BUSINESS

Dangote refinery: Diesel, JetA1 hit market January, petrol delayed

The Dangote Petroleum Refinery is set to start producing Automotive Gas Oil, also known as diesel, and JetA1 or aviation fuel in January 2024, while the production of Premium Motor Spirit, popularly called petrol, is being delayed by the supply of crude oil in installments. It was gathered on Sunday that the facility would require a minimum of six million barrels of crude oil to kick-start the full production of […]

todayDecember 11, 2023 73

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Lagos reviewing property, rental laws, says Sanwo-Olu

The Governor of Lagos State, Babajide Sanwo-Olu, has disclosed that the government was reviewing the Property Law of Lagos State 2010 and the Rental Law of Lagos State 2011. He stated this at the just concluded 5th Lateef Jakande Housing Lecture Series Organised by the Real Estate Developers Association. According to Sanwo-Olu, the government plans to protect the interest of investors and end users in the state through the review. […]

todayDecember 11, 2023 74

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Court jails cashier five years for defrauding employer N64.4m

The Lagos State High Court sitting in Ikeja has sentenced cashier, Tunde Abdulramon, to five years’ imprisonment for his employer’s N64,420,900 to marry a new wife and also for opening the same kind of his employer’s business for his new wife. Justice Raliat Adebiyi who handed down the sentence also ordered the convict to make restitution by returning all the properties he bought while in his employer’s establishment and also […]

todayNovember 15, 2023 30

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NGE lauds A’Ibom Gov’s performance

The Nigerian Guild of Editors said on Tuesday it was closely following the ARISE agenda of the Akwa Ibom State Governor, Umo Eno, saying it had started yielding the targeted dividends. The NGE President, Mr Eze Anaba, stated this at the Government House during a courtesy visit to the governor ahead of the 19th All Nigerian Editors Conference, scheduled to hold from November 15 to 19, 2013. While thanking the […]

todayNovember 15, 2023 94

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