The House of Representatives has passed a Bill after the second reading to stop the Governor of the Central Bank of Nigeria (CBN) from participating in future elections in the country. Sada Soli, the sponsor of the Bill at the plenary in Abuja on Tuesday said the bill would add more conditions to the disqualification Read More…
The Miners Association Nigeria has condemned the Federal Government’s plan to ban mining activities in the country, saying it would render thousands of youths jobless and further worsen the insecurity.The National Security Council on Thursday announced that it was considering the nationwide ban on motorcycles and mining activities to check crime. The meeting presided over Read More…
There are over 30 illegal checkpoints existing within the Apapa and Tin-Can Island Ports corridor where truckers are extorted up to N60,000 per trip, it has been revealed. Truck owners and drivers under the aegis of Association of Maritime Truck Owners, AMATO, made the allegation on Thursday. They identified the Apapa-TinCan port corridor as become Read More…
13 ships laden with petroleum products and others are waiting to berth at the ports in Lagos, the Nigerian Ports Authority (NPA) said on Thursday. NPA in its ”Daily Shipping Position” listed the products in the ships as: general cargo, bulk wheat, petrol, bulk urea, bulk sugar and bulk gypsum. It said that another 20 Read More…
The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to remove the 7.5 per cent Value Added Tax on diesel until the international supply system normalises. It noted that the economy had been affected by several negative factors, including the ongoing Russia-Ukraine war and urged the government to convene a stakeholders’ meeting to Read More…
Safety fears and a poor bank balance hit another Nigerian airline hard on Wednesday. The Nigerian Civil Aviation Authority (NCAA) suspended Dana Airlines’ air transport licence (ATL) and air operator certificate (AOC) indefinitely. NCAA announced the suspension on Wednesday in a statement signed by its director-general, Musa Nuhu. The authority said it suspended the operating Read More…
The Transmission Company of Nigeria (TCN) has announced the full recovery of the national grid which reportedly collapsed at about 11.27 am on Wednesday, July 20, 2022. The General Manager, Public Affairs, TCN, Ndidi Mbah made this known in a statement at about 6.30am on Thursday. He explained that the grid collapse was the result Read More…
The Private Telecommunications and Communications Senior Staff Association of Nigeria (PTECSSAN) on Wednesday picketed MTN Nigeria PLC plaza in Falomo, Lagos to drive home some demands. They held placards with inscriptions such as “Workers Rights are Human Rights”; “Unionism is a Right and not a Privilege” and chanted solidarity songs. Some of the union’s grievances Read More…
The national electricity grid suffered a system collapse on Wednesday, causing power blackout in states across the country. Reports say that the system failure, which is the sixth in the last 7 months, dipped the entire power supply nationwide to 40 mega watts. The distribution load profile obtained by the media showed that the national Read More…
The Debt Management Office (DMO), has raised N123.85 billion in its July Federal Government of Nigeria (FGN) bond auction. The DMO, which made this known in a statement on Monday, said that the three instruments auctioned were valued at N75 billion each, totalling N225 billion. It said that though the short term and medium term Read More…
