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FG Begins Construction Of 700km Lagos-Calabar Coastal Road

FG Begins Construction Of 700km Lagos-Calabar Coastal Road

The Federal Government has commenced the construction of the 700km Lagos-Calabar Coastal Highway and maintenance of critical bridges in Lagos. Minister of Works, Engr. David Umahi during the official handover of the first phase of the project said the government ...

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Reps Summon Ministers, NPA, Others Over Alleged Fraudulent Seaports Concession

Reps Summon Ministers, NPA, Others Over Alleged Fraudulent Seaports Concession

The House of Representatives on Tuesday invited the Minister of Blue Economy, Gboyega Oyetola and his counterpart in the Transport ministry, Saidu Alkali over alleged fraudulent concession of critical port infrastructure. Also invited are the Managing Director of Nigeria Ports ...

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NLC protest: Presidency, police issue fresh warnings as 65 groups pull out

NLC protest: Presidency, police issue fresh warnings as 65 groups pull out

The Presidency again on Sunday warned the Nigeria Labour Congress not to embark on its two-day nationwide protest against the rising cost of living in the country. Also, the police warned against disruption of commercial activities during the protest. The ...

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CEO Launches Trisonet Metaverse Community In A’Ibom

CEO Launches Trisonet Metaverse Community In A’Ibom

…Calls on Nigerians to take advantage of the facility to enrich themselves By Saviour Ekpe The President and Chief Executive Officer of Trisonet Metaverse Community, Evang. Happiness Etuk has performed the formal inauguration of the Trisonet Metaverse Community (TMC) in ...

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NIMC Targets 124m NINs Registration By 2024

NIMC Targets 124m NINs Registration By 2024

The National Identity Management Commission (NIMC) is targeting about 20 to 25 million National Identity Numbers (NINs) registration by the end of 2024, even as it has revalidated and given licences to 96 Front End Partners (FEPs) to fast track ...

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CBN Reduces Import Duty Rate By 7.3%

CBN Reduces Import Duty Rate By 7.3%

The Central Bank of Nigeria (CBN), on Friday, slashed the exchange rate for computing Customs duties at the nation’s seaports by 7.3 per cent. The slash, analysts argued, was as a result of the naira that strengthened against the dollar ...

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NDDC Constructs Road Linking 30 Communities In Akwa Ibom

NDDC Constructs Road Linking 30 Communities In Akwa Ibom

The Niger Delta Development Commission (NDDC) is ready to kickstart the construction of the Okossi-Mbukpo Eyokan-Ubodong – Etebi Road in Urueoffong Oruko Local Government Area of Akwa Ibom State, the Commission’s Executive Director of Projects, Hon. Victor Antai, has announced. ...

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Harsh Economy: Business Operators Lament Mass SMEs Collapse

Harsh Economy: Business Operators Lament Mass SMEs Collapse

Operators in the Micro, Small and Medium Enterprises (MSMEs) are fuming over the harsh economic scenario in the country that is leading to the death of many Small and Medium Enterprises(SMEs) in recent times. Price shocks, unavailability of raw material, ...

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Power Sector Privatisation: DisCos Reeling Under N3trn Debt 10 Years After

Power Sector Privatisation: DisCos Reeling Under N3trn Debt 10 Years After

The Nigeria electricity sector has grappled with a delusive perception of a brighter power industry following the 2013 privatisation exercise. The sector is currently grappling with an inherited debt crisis of over N3 trillion. Although the federal government is working ...

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CBN Reduces Customs Exchange Rate By 2.8%

CBN Reduces Customs Exchange Rate By 2.8%

For the first time since the advent of the administration of President Bola Tinubu, the Central Bank of Nigeria (CBN) has reduced the exchange rate for calculations of Customs Duty rates from N1,515.48 to N1,472.75 to a Dollar. The reduction ...

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