There will be a more significant impact on Nigerians if professional bodies play more active roles in the implementation of government’s plans and policies, according to Vice President Yemi Osinbajo, SAN. Prof. Osinbajo stated this on Monday when he received on a courtesy visit to the Presidential Villa, members of the Nigerian Institute of […]
The Federal Government is not in a position to intervene in the rising price of diesel and aviation fuel because prices for both products are deregulated, the Minister of State Petroleum Resources, Chief Timipre Sylva has said. Chief Sylva who stated this in Abuja yesterday explained that the prices of both products which are […]
President Muhammadu Buhari has stated fresh plans in a revised policy to eliminate the use of kerosene in the country by 2030, as part of Nigeria’s commitment for a safer and healthier global climate. The president made this known today during a virtual meeting hosted by the US President, Joe Biden on Major Economies […]
Valentine Obienyem, the media adviser to Peter Obi, says the Labour Party presidential candidate’s trip to Egypt will benefit Nigerians. He said this in a statement issued on Thursday, a few days after the former Anambra governor explained that he embarked on the trip to understudy the North African country’s power sector. The move […]
Nigeria’s Consumer Price Index (CPI) increased to 17.71 in the month of May, a report by the National Bureau of Statistics (NBS), has shown. According to the NBS, the new figure was influenced by increase in the prices of gas, liquid fuel, bread and cereals. The report added that the increase was also recorded […]
Governor of Anambra State, Prof. Chukwuma Soludo, has kicked against retention of fuel subsidy in Nigeria. This was even as the Nigerian National Petroleum Corporation, NNPC, Limited said payments for petrol subsidy cost the Federation Account N1.217 trillion in the first five months of 2022. However, Soludo, noted that fuel subsidy should be charged […]
The World Bank has predicted that more people in Nigeria and its Sub-Saharan neighbours are expected to fall into extreme poverty. According to a report obtained via a World Bank newsletter on Friday, titled, “Global Economic Prospects,” Russia’s invasion of Ukraine and its effect on the commodity market, supply chains, inflation, and financial conditions […]
Nigeria lost a whopping N2.1 trillion as a result of crude oil production deferment in one year. The 2021 statistics, obtained by The PUNCH on Sunday from the Nigeria Extractive Industries Transparency Initiative, said the huge loss was recorded in 2020. The revelation comes on the heels of perpetual low crude oil production being […]
The National Bureau of Statistics, NBS, said that Nigeria’s economy grew by 3.11%, year on year, YoY, in the first quarter of the year (Q1’22) from 0.51% recorded in the corresponding period in 2021 (Q1’21). The NBS stated this in the Nigerian Gross Domestic Product Report (Q1 2022) released this morning. The statement reads: […]
The Federal Government has slammed a new tax on phone calls in the nation to fund free healthcare for the Vulnerable Group in Nigeria. This is despite recent moves by telecommunication companies to increase the price of their services as a result of an unfavourable operating climate. The telecom tax in the equivalent of […]
