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Reps Propose Parliamentary System Of Government

Reps Propose Parliamentary System Of Government

The House of Representatives has taken a major step towards replacing the current presidential system of government being run in Nigeria with the parliamentary mode. This is as the House introduced three bills seeking to alter the 1999 Constitution of ...

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Hardship: Vulnerable Nigerians To Get Grains Free Of Charge – FG

Hardship: Vulnerable Nigerians To Get Grains Free Of Charge – FG

The federal government has announced plans to distribute the 42,000 tonnes of grains from its reserves to vulnerable Nigerians free of charge. This decision was revealed by the minister of agriculture and food security, Abubakar Kyari, during the ministerial press ...

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Naira Depreciation Pushes Electricity Subsidy To N2.9trn — Power Minister

Naira Depreciation Pushes Electricity Subsidy To N2.9trn — Power Minister

The federal government needed no less than N2.9 trillion to subsidize electricity consumption in 2024 due to the sharp depreciation of the Naira. This is a sharp increase over the earlier projection of N1.6 trillion. The Minister of Power, Adebayo ...

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Banking Credit To Economy Rises By 44% To N96.2trn

Banking Credit To Economy Rises By 44% To N96.2trn

Total credit to the Nigerian economy at the end of last year by the banking industry rose by 44.8 per cent year on year to N96.2 trillion according to latest credit data made available by the Central Bank of Nigeria(CBN). ...

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Nigerian Breweries To Hike Beer Prices From Feb 19

Nigerian Breweries To Hike Beer Prices From Feb 19

Nigerian Breweries Plc has issued a new price review notification to all its customers in the West Zone. In a letter dated Monday, February 12, 2024, the price review, effective Monday, February 19, 2024, is deemed necessary to offset the ...

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Equities Market Sheds N183bn In Bearish Trading

Equities Market Sheds N183bn In Bearish Trading

The local equities market yesterday reversed some of the gains from the previous session as the overall capitalization lost N183 billion on selloffs in Guinness Nigeria, PZ Cussons Nigeria Plc and 28 others. The All-Share Index (ASI) lost 334.62 points, ...

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Reps Reject Bill To Make First Degree Compulsory Qualification For Contesting Election

Reps Reject Bill To Make First Degree Compulsory Qualification For Contesting Election

The House of Representatives, on Tuesday, stepped down a Bill seeking to review upward, the required educational qualification for some elective offices in the country, to a minimum of University degree or its equivalent. Sponsored by the Deputy Whip, Hon. ...

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NIMASA Deploys Floating Dock, To Stem N180bn Capital Flight

NIMASA Deploys Floating Dock, To Stem N180bn Capital Flight

In order to stem annual N180billion capital flight from the country, the Nigerian Maritime Administration and Safety Agency (NIMASA), on Tuesday, set to deploy its N50billion modular floating dock for dry docking of vessels operating on the nation’s waters. LEADERSHIP ...

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57.19% Score Credit In 5 Subjects As WAEC Releases 2023 WASSCE Results

57.19% Score Credit In 5 Subjects As WAEC Releases 2023 WASSCE Results

The Nigeria’s office of the West African Examinations Council (WAEC), on Tuesday evening, released the results of the West African Senior School Certificate Examination (WASSCE) for Private Candidates 2023–Second Series. In a statement signed and released by the Acting Head, ...

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Afreximbank Partners CAF And RAF, Commercializes And Monetizes Africa’s Football Value Chain

Afreximbank Partners CAF And RAF, Commercializes And Monetizes Africa’s Football Value Chain

On the sidelines of the semi-finals of the 2023 TotalEnergies Africa Cup of Nations (AFCON), African Export-Import Bank (Afreximbank or “the Bank”) (www.Afreximbank.com), the Confédération Africaine de Football (CAF) and the Rebranding Africa Forum (RAF) signed a charter that will ...

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