Business
The Niger Delta Development Commission, NDDC has pledged to collaborate with the Port Harcourt Chamber of Commerce, Industries, Mines and Agriculture, PHCCIMA, to boost Small and Medium Enterprises and Industries, SMEI’s, in the Niger Delta region. Speaking during a courtesy call by a delegation from PHCCIMA at the NDDC headquarters in Port Harcourt, the Commission’s […]
The International Monetary Fund on Tuesday cut its global economic growth forecast for 2022 to 3.2 per cent in its report titled ‘Gloomy and more uncertain’, as the Ukraine-Russia conflict continues to disrupt the global supply chain. The Washington-based lender had in the World Economic Outlook report titled, “War sets back global recovery, in April […]
The Amalgamated Commercial Motorcycle Riders Association of Nigeria has described the proposed nationwide ban on motorcycles by the Federal Government as a grave mistake that would do the nation more harm than good if implemented. The union’s National Chairman, Shamsudeen Adebayo, said this at a press conference on Monday in Abuja, in reaction to the […]
The Minister of Aviation, Senator Hadi Sirika has said there are no immediate solutions to the multi-pronged crises rocking Nigeria’s aviation sector The minister who held an emergency meeting with the Airline Operators Association of Nigeria (AON) in Abuja, Tuesday, stated that the variables impacting the crises in the aviation sector were beyond the industry’s […]
Women in Technical Education and Employment (WITED) has been commended for its giant strides in the area of inclusivity and diversity. The wife of the Kaduna State Governor, Arc, Hadiza isma, Elrufai, represented by Mr Stephen joseph who stated this on Tuesday in Kaduna, said the state government has been deliberate in its policies and actions. On […]
The Federal Government has drawn down the Excess Crude Account (ECA) to 376,655.09 dollars from 35.377 million dollars in May, this year. This means that in one month the government withdrew 35,000,344.91 dollars from the ECA. The ECA is supposed to be a savings buffer meant to steady the government’s revenue and serve as a […]
The naira crash to about 630 Naira to dollar at the parallel market has been linked to higher dollar demand and foreign exchange (FX) supply constraints. However, the naira exchanges at 415.75 Naira to one dollar, representing over 200 Naira per dollar premium between the official and parallel markets. Foreign exchangeTrader, AZA Finance, global forex […]
Major oil Marketers Association of Nigeria (MOMAN) has said the regulated 165 Naira pump price for Premium Motor Spirit (PMS), also known as petrol, is no longer realistic. Chairman, Mr. Olumide Adeosun, made this known during a virtual consumer protection workshop for oil marketers by the Federal Competition and Consumer Protection Commission (FCCPC) yesterday. Adeosun, […]
A court document has showed that Ex-president Donald Trump and his eldest children are scheduled to testify in New York’s civil probe into alleged fraud at their family business from July 15. The filing said New York state attorney general, Letitia James and her team of investigators will have to conclude their questioning by the […]
According to reports, the nation is the first to advance such a move in South-East Asia, a region known for its stringent drug laws. But recreational use is still banned, even though advocates say the easing effectively decriminalises marijuana. Deputy Prime Minister and Health Minister, Anutin Charnvirakul, said on his social media accounts last month […]
