Browsing: National

The Comptroller General of the Nigeria Customs Service (NCS), Adewale Bashir Adeniyi, affirmed on Tuesday that the recent hike in the exchange rate, which recently affected…

A recent report by Oxfam on inequality and global corporate power reveals that Africa’s seven wealthiest individuals possess a combined wealth of $52 billion, surpassing the…

FOLLOWING the termination of power of attorney granted the Bureau of Public Enterprises (BPE) in the Electricity Distribution Companies (DisCos) by the Ministry of Finance Incorporated…

The exchange rate for a dollar to naira on the physical black market on Monday was N1, 280/US$ as against N1,260 against the greenback last week.…

The National Bureau of Statistics (NBS) in its latest report said that the Federation Account Allocation Committee (FAAC) disbursed the sum of N1.35 trillion to the…

Nigeria’s Chief of Defence Staff (CDS), Major General Christopher Musa, declares that the country is bleeding economically, and every effort must be made to halt crude…

Nigerians have reacted to the huge amount of money used by the Federal Government to subsidise electricity, advising the government to remove the subsidy in exchange…

The Ministry of Finance Incorporated (MOFI) has taken over from the Bureau of Public Enterprises (BPE), the Federal Government’s equity holdings in the 11 successor electricity…

The 7th elected governor of Imo State, Sen. Hope Uzodimma, has been sworn in along with the Deputy Governor of Imo State, Mrs Chinyere Ekomaru. The…

“As it is today, the Federal Government still subsidises electricity because the current tariff DISCOs are allowed to charge is not cost-reflective. This is why the…