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NEWS

599 Results / Page 50 of 67
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BUSINESS

Monthly fuel consumption drops by 18.5million litres after deregulation – FG

The volume of Premium Motor Spirit, popularly called petrol, that was consumed across the country in the first half of 2023 is 11.26 billion litres, the Federal Government has said. It was, however, observed that after the removal of subsidy on petrol, following the pronouncement by President Bola Tinubu on May 29, 2023, PMS consumption reduced by an average of about 18.5 million litres daily in June. Data obtained on […]

todayJuly 10, 2023 67

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Cost of living: More Nigerians may join Japa train as hardship worsens

Strong indications have emerged more Nigerians may relocate from the country in 2023 and beyond as the nation’s socio-economic conditions worsen, and hope remains bleak. This came on the heels of the recent removal of fuel subsidy, further depreciation of the naira, impending increase in electricity tariff, and the introduction of Value Added Tax on diesel amid an already battered economy. The Nigerian economy has been exposed to numerous economic […]

todayJuly 10, 2023 16

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NACCIMA hails Tinubu’s emergence as ECOWAS Chair

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has congratulated President Bola Tinubu on his election as the Chairman of the Economic Community of West African States. NACCIMA’s President, Mr. Dele Oye, made this known via a statement released on Sunday in Lagos. Recall that Tinubu emerged as the Chairman of ECOWAS at the 63rd Ordinary Session of the regional bloc in Guinea Bissau. Oye said the […]

todayJuly 10, 2023 14

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Ministerial appointment: N’Assembly awaits nominees as Tinubu sends list to DSS, EFCC, others

Expectations on the ministerial list have heightened as President Bola Tinubu clocks over 40 days in office. By law, Tinubu is required to name his cabinet within 60 days after taking the oath of office on May 29 and transmits it to the Senate for confirmation. With less than 18 days to submit his cabinet list to the National Assembly as recommended by the constitution, lawmakers and other Nigerians are […]

todayJuly 10, 2023 20

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BUSINESS

Power distribution companies have stepped down on their earlier announcement of a tariff hike projected

Power distribution companies have stepped down on their earlier announcement of a tariff hike projected to take effect from July 1, 2023, as they stated that the Nigerian Electricity Regulatory Commission had yet to approve the hike. This is as various public notices from some of the Discos had stated that the electricity tariff would be raised by about 30 to 40 per cent for selected categories of consumers on […]

todayJune 27, 2023 98

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Gunmen kidnap Kogi monarch, wife

Suspected gunmen have kidnapped the Oba of Idofin, Shedrack Durojaiye Obibeni, and his wife in Yagba East Local Government Area of Kogi. They were kidnapped along Makutu-Idofin road in Kogi State at about 5 pm on Monday, according to a report by the News Agency of Nigeria. Confirming the incident, Mr Abdulrasak Asiru, Yagba East Local Government Council Chairman described it as “very shocking” and “sad”. Asiru said that he […]

todayJune 20, 2023 20

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PTDF shortlists 5000 Nigerians for foreign scholarships

The Petroleum Technology Development Fund said it has shortlisted over 5,000 applicants nationwide for the award of scholarships for the 2023/2024 academic session overseas scheme. The Head, Oversees Scholarship Scheme in the PTDF, Mrs Bolanle Kehinde-Agboola revealed this on Monday at a selected interview exercise for the shortlisted candidates for MSc and PhD postgraduate programmes. According to her, the selection interview was in continuation of the application process which commenced […]

todayJune 20, 2023 21

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BUSINESS

Subsidy: Shettima, govs to work on palliatives

As Nigerians grapple with the aftershocks of the fuel subsidy removal, President Bola Tinubu has directed the National Economic Council to come up with inputs on palliatives and  the minimum wage review as part of measures to cushion the pain of subsidy removal. This was as the Trade Union Congress said it was expecting the Federal Government to provide feedback on its demand for N200,000 minimum wage by June 19. […]

todayJune 8, 2023 102

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Senate presidency: Yari, Kalu’s leadership will be reliable, Northern leader tells Tinubu

A Northern leader, Dr Bashir Lamido, has said it will be easier for former Zamfara and Abia governors, Abdulaziz Yari and Orji Uzor Kalu, to win the Senate leadership election, saying the president, Bola Tinubu, would have a reliable National Assembly under their leadership. According to him, both lawmakers complement each other and would help President Bola Tinubu succeed in office. Lamido, while speaking with journalists in Abuja on Wednesday, […]

todayJune 8, 2023 48

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