Nigeria’s total public debt stock rose to ₦42.84 trillion ($103.31 billion) by June from ₦41.60 trillion ($100.07 billion) in March, according to the Debt Management Office (DMO) In a statement issued by DMO on Tuesday, the total debt represents the domestic and external debt stocks of the Federal Government of Nigeria (FGN), the 36 State Read More…
Business
No fuel scarcity in December, NNPC assures
The Nigerian National Petroleum Company (NNPC) has made assurances that the country will not suffer petrol scarcity in December and beyond, as it claims to have made adequate arrangements for supply. Umar Ajia, the Chief Financial Officer of NNPC Ltd, said this in Abuja on Monday standing before an ad hoc committee of the House Read More…
Peter Obi pledges to overhaul security architecture to set new order for economy
Peter Obi, the Labour Party (LP) presidential flagbearer has said that if elected in 2023, his government would overhaul the country’s security architecture. Obi said that he would also revive trust between the government and the people in order to set the path for a new economic order. The LP presidential candidate was speaking at Read More…
World Tourism Day: FTAN to market aquatic endowments of Lagos State
In celebration of the 2022 edition of the World Tourism Day (WTD) scheduled for Sept. 27, the Federation of Tourism Associations of Nigeria (FTAN) says it plans to market the aquatic endowments of Lagos State. Mr. Nkereuwem Onung, National President of FTAN, said in a news conference in Lagos on Monday, that this was to Read More…
11bn national budget deficit to be fixed through amendment of Finance Act
The National Assembly intends to tackle the N11.03 trillion deficit proposed in the N19.76 trillion 2023 budget as indicated in 2023-2025 MTEF and FSP by amending relevant provisions of the Finance Act. Chairman, Senate Committee on General Services, Sen. Sani Musa ( APC Niger-East) disclosed this in a chat with newsmen in Abuja on Sunday. Read More…
Ban ponmo: Group proposes legislation
If the Nigerian Institute of Leather and Science Technology (NILEST) Zaria, has its way, the sale and consumption of cow hide, locally known as ‘ponmo’ will be banned. The institute is proposing legislation to ban the sale and consumption of animal skin in Nigeria. In an interview with News Agency of Nigeria (NAN) on Sunday Read More…
LASG launches “Q4 Lagos Initiative” to promote local tourism
The Lagos State Ministry of Tourism, Arts and Culture, will launch the “Q4- Lagos Initiative” meant to improve awareness of local tourism potential in the state on Sept. 21. Mrs. Uzamat Akinbile-Yusuf, the Commissioner for Tourism, Arts and Culture, in a statement on Sunday, said that the initiative would be launched in partnership with stakeholders Read More…
Dangote group hands over unruly drivers to authorities
The Dangote Group on Sunday said its drivers’ patrol team has made several arrests of unruly drivers that engaged in illegal activities and handed them over to relevant authorities for trial. Mr. Anthony Chiejina, Group Chief Branding and Communications Officer for the Company, made the disclosure in a statement in Lagos. Chiejina also urged the Read More…
High Fare Pandemic’ hits Nigeria as airlines move against NCAA, sell tickets in dollars
Fresh indications have emerged that the Federal Government is yet to release over 50 per cent or $265 million in foreign exchange for foreign airlines operating in the country to repatriate to their countries. Foreign airlines collect Naira for their tickets to customers and exchange same for foreign currencies for their operations. But recently they Read More…
Unions reject Aviation Agencies’ bills, allege import of strange clauses
Unions in the Nigerian aviation industry have claimed the import of strange clauses in the aviation agencies’ bills presently before President Muhammadu Buhari for approval. The unions have threatened to make a peaceful protest on Monday, September 12, 2022 to ensure the removal of the clauses they claimed were not part of the original bills Read More…