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< 1 mn read he Nigeria Employers Consultative Association (NECA) has shed light on the difficulties facing Nigeria’s manufacturing sector, which have led to the closure of some companies and the exit of multinational corporations. Newly elected NECA President, Ifeanyi Okoye, discussed the critical issues plaguing manufacturers, including inadequate infrastructure, high costs of self-provided utilities like generators, security concerns, […]

< 1 mn read In Abuja, as 10 #EndBadGovernance protesters were granted bail by a Federal High Court, lawyer Mr. Deji Adeyanju raised concerns about Dr. Abubakar Alkali, a Senior Lecturer at Baze University, who has reportedly been detained by the Department of State Security (DSS) for the past three weeks. Adeyanju claimed that Dr. Alkali was taken into […]

< 1 mn read The National Drug Law Enforcement Agency (NDLEA) announced the arrest of Mrs. Adewunmi Dorcas, an Ibadan-based businesswoman, and Arinze Ora, an auto parts dealer, for attempting to export opioids and cocaine to London, UK, and Congo Brazzaville, respectively. On September 6, 2024, NDLEA operatives at the Murtala Muhammed International Airport, Lagos, intercepted a cargo destined […]

< 1 mn read The Federal Ministry of Budget and Economic Planning, in collaboration with the Nigerian Economic Summit Group (NESG), will host the 30th edition of the Nigerian Economic Summit (NES-30) from October 14-16, 2024. The summit is themed “Collaborative Action for Growth, Competitiveness, and Stability” and aims to tackle the current economic challenges facing Nigeria and create […]

< 1 mn read Despite significant challenges, Nigeria’s manufacturing sector contributed over N626.21 billion in tax revenue during the first half of 2024 (H1’24). This sum includes N265.143 billion from Company Income Tax (CIT) and N361.063 billion from Value Added Tax (VAT). Manufacturers in Nigeria have been grappling with high production costs, poor infrastructure, limited access to funds, fuel […]

< 1 mn read The Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery have clashed over the pricing of petrol supplied by the refinery. The disagreement arose following the first delivery of petrol to NNPCL, which was priced at N898 per litre. Dangote Refinery clarified that this price was due to the crude oil used being imported and […]

< 1 mn read The Lagos State Environmental Protection Agency (LASEPA) has sealed Donald’s Fast Food, a restaurant owned by Pascal Chibuike Okechukwu, popularly known as Cubana Chiefpriest, over persistent noise pollution and environmental violations. The fast food outlet, located on Adebayo Doherty Street in Lekki 1, was shut down after failing to comply with environmental regulations, despite several […]

< 1 mn read The Ibadan Zone of the Academic Staff Union of Universities (ASUU) has raised alarm over the victimization of more than 200 of its members, citing unjust dismissals and the withholding of 28 months of unpaid salaries. At a press conference, ASUU Zonal Coordinator, Professor Oyebamiji Oyegoke, accused the Federal University of Technology, Owerri (FUTO), of […]

< 1 mn read Dr. Bello Muhammad Matawalle, the Minister of State for Defence, has directed an immediate investigation into the detention of Seaman Abbas Haruna, a Nigerian Navy officer, following an interview with Haruna’s wife, Mrs. Hussaina Haruna, and calls for justice. In a statement by Ahmad Dan-Wudil, Personal Assistant on Media, Matawalle emphasized his commitment to ensuring […]

< 1 mn read The Airline Operators of Nigeria (AON), through its Vice President Dr. Allen Onyema, stated that while the signing of the Cape Town Convention (CTC) Practice Direction is a positive step, it won’t address all issues in Nigeria’s air transport sector. Onyema emphasized the need for improved airport infrastructure and the construction of new terminals to […]

< 1 mn read The federal government has intensified its efforts to increase the conversion of vehicles from petrol and diesel to Compressed Natural Gas (CNG), supplying 1,200 conversion kits to five states. Engr. Michael Oluwagbemi, Director/CEO of the Presidential Compressed Natural Gas Initiative, disclosed this in Abuja, stating the goal of reducing dependence on costly petrol and diesel, […]

< 1 mn read NNPC Limited has announced new petrol pump prices nationwide following the loading of fuel from Dangote Refinery. In Lagos, petrol will now sell at N950 per litre, up from N855. In Abuja, the price is N992.22 per litre, an increase from N897, while in Borno, it is N1,019.22 per litre. NNPC confirmed that it loaded […]

< 1 mn read United Capital Group successfully led the issuance of Nigeria’s first-ever Domestic US Dollar Bond, raising over $900 million with subscription levels exceeding 180%. This reflects strong investor confidence in Nigeria’s economic stability and growth potential. The bond, offering a 9.75% yield, will be listed on the Nigerian Exchange Limited (NGX) and FMDQ Securities Exchange Limited […]

< 1 mn read The Transparency Network and Public Interest Initiative has called on Inspector-General of Police Kayode Egbetokun to take immediate action regarding a petition filed by the Abiola Estate. The petition alleges misconduct, including fraud and unauthorized diversion of funds. Dr. Ehizojie Emmanuel Anderson, spokesperson for the group, voiced concerns over the perceived inaction from the IGP’s […]