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The Nigeria Labour Congress (NLC), has again criticised Federal Government policy on fuel importation, reiterating its readiness to shut down economic activities in the country if the government insist on increasing the price of PMS next year as speculated. NLC also called on the Federal Ministry of Health to ensure that the amount agreed on…
President Muhammadu Buhari’s regime says it is seeking to borrow an additional N250 billion through the Sukuk bond as Nigeria’s debt burden rises to N38 trillion.Specifically, the Debt Management Office (DMO) announced in a statement on its website the regime had offered for subscription N250 billion road Sukuk instrument for N1,000 per unit, indicating that…
Nigeria was placed on the 7th position on the Africa Visa Openness Index Report jointly released by the African Development Bank and the African Union Commission this week. Nigeria came in 7th place with a score of 0.864 points ahead of Uganda, Guinea-Bissau, Cabo Verde, Togo, Mauritania, Mauritius, Mozambique, and others.The report measures the ease…
According to the National Bureau of Statistics in its recently released inflation report, Nigeria’s inflation rate fell further in November 2021, to 15.4 percent, from 15.99 percent the previous month. According to the report, the latest figures are the lowest since November 2020, when the CPI rose by 14.89 percent. Meanwhile, on a month-to-month basis,…
Seyi Tinubu, the eldest son of APC National Leader Asiwaju Bola Tinubu, was present at a recent SME summit where he supported up to six small businesses with millions of naira to scale up their businesses and expand operations. The businessman and renowned philanthropist was hosted as a panelist in the Lagos Small Business Summit…
The Lagos State Government is set to implement the enforcement of a monthly tenancy on property occupancy from next year. Lagos State Governor, Mr.Babajide Sanwo-Olu disclosed this on Tuesday during the commissioning of 744 home units at LagosHOMS Sangotedo Housing Scheme Phase 1 in Eti-Osa East Local Council Development Area(LCDA) of the state. Sanwo-Olu who…
The Spectrum auction for the deployment of Fifth Generation (5G) technology conducted by the Nigerian Communications Commission (NCC) came to a climax after 11 rounds of bidding that lasted eight hours as Mafab Communications Ltd and MTN Nigeria Plc, emerged the two successful winners of the 3.5 gigahertz (GHz) spectrum auction for the deployment of…
Amidst VAT controversy in the country, Lagos State Governor, Mr. Babajide Sanwo-Olu, has called on members of the Joint Tax Board, the apex body for all tax authorities in Nigeria, to look towards harmonising the interpretation of the various tax laws in Nigeria to achieve true federalism. Speaking at the opening ceremony of the 149th…
There might be introduction of new tariffs and levies in 2022, as the economy was now on a recovery path, the Minister of Finance, Mrs Zainab Ahmed, has said. Ahmed made this known while addressing stakeholders at a public hearing on the 2021 Finance Bill organsied by the House of Representatives Committee on Finance on…
The Minister of Industry, Trade and Investment, Mr Niyi Adebayo, revealed last Thursday that the current security challenges in some parts of the country were the main reasons Nigeria fell off the list of top 10 preferred investment destinations in Africa in recent years. The minister said this while briefing State House correspondents at the weekly Ministerial briefing organised…
