Ajaokuta Steel Mill To Start Military Hardware Production – Minister

The Minister of Steel Development, Prince Shuaibu Audu, on Monday, said the Federal Government plans to start the production of military hardware in Ajaokuta Steel Mill. The minister said he has been working closely, with his counterparts in the Ministries of Defence and Works to perfect plans for the steel plant which has been moribund […]

President Tinubu committed to make solid mineral biggest revenue generation hub- Minister

Minister of Solid Minerals development, Oladele Alake, has disclosed that the administration of President Bola Ahmed Tinubu is committed to ensuring that the Solid Mineral sector becomes the biggest revenue generation hub of the nation. Alake said, for the present administration to achieve on its vision of economic rejuvenation, all hands must be on deck. […]

Lagos Reopens Ladipo, Oyingbo Markets, Others

Lagos Reopens Ladipo, Oyingbo Markets, Others The Lagos Waste Management Authority has announced the re-opening of Ladipo, Oyingbo, Alamutu Ologede and Ile-Epo markets, recently sealed for filth and gross environmental abuse. The Managing Director/Chief Executive Officer of LAWMA, Dr Muyiwa Gbadegesin, who announced the re-opening in Lagos on Monday, noted the importance of stringent compliance […]

President Tinubu Suspends VAT On Diesel

President Tinubu Suspends VAT On Diesel President Bola Ahmed Tinubu has approved a six-month waiver of the 7.5 per cent Value Added Tax on Automotive Gas Oil, popularly known as diesel. Mohammed Idris, the Minister of Information and National Orientation disclosed this on Sunday after a meeting between the federal government and the organized labour. […]

Naira Depreciates Further… Settles at N950/$ in Parallel Market

The naira yesterday depreciated to N950 per dollar in the parallel market, the lowest level since the introduction of foreign exchange (forex) market reforms by the Central Bank of Nigeria, CBN on June 14th. Reports gathered from black market traders that the parallel market exchange rate rose by N23 to N950 per dollar yesterday from […]

OAU Announces New Increment In Tuition Fees

A new increment in tuition fees that student pay have been announced by the authorities of the Obafemi Awolowo University, Ile-Ife, Osun State. A release by the Public Relations Officer of the University, Abiodun Olarewaju, on Wednesday, disclosed that for those in the Faculties of Arts, Law and Humanities, the ‘freshers’ (newly admitted students) will […]

Kebbi Government Disburses N70 Million To Farmers To Procure Improved Seeds

Kebbi State Governor, Nasir Idris, says it has given the sum of N70 million to rice and wheat farmers to facilitate procurement of improved seeds to accelerate paddy production. He said this when the leadership of the Rice Farmers Association of Nigeria (RIFAN) and Wheat Farmers Association of Nigeria (WFAN), visited him in Birnin Kebbi […]

2023 Budget In Danger As Crude Output Crashes By 470,000 Bpd

LAGOS — Implementation of the 2023 budget of N21.8 trillion is currently threatened as the nation has suffered a shortfall in crude oil output, amounting to 470,000 barrels per day, bpd in August 2023. This represents 29 per cent fall from the budget benchmark of 1.69 bpd. At the current global market price of $92 […]

Vehicles, Used Tires, Others Worth N813m, Seized By Customs.

The Federal Operations Unit, FOU, Zone A of the Nigeria Customs Service, NCS, has impounded vehicles and used tires worth N813 million. The operatives arrested 12 suspects in connection with the importation of those contraband goods into the country. The Unit also recovered the sum of N81.4 million made through documentary checks and issuance of Demand […]

FG Delists 28 Illegal Digital Money-Lending Apps (Full List)

The Federal Government has delisted 28 illegal digital money-lending apps to sanitize the sector. This was disclosed by the Federal Competition and Consumer Protection Commission’s latest report on approved digital money lender apps. Accordingly, FCCPC’s delisted DML apps grew from nine to 37. Meanwhile, the approved digital money lending list increased to 164 from 154. […]