HOUSE OF REPRESENTATIVE FAULTS FCTA PARK AND PAY ARRANGEMENT

HOUSE OF REPRESENTATIVE FAULTS FCTA PARK AND PAY ARRANGEMENT

A House of Representatives has faulted the park and pay arrangement of the Federal Capital Territory Administration (FCTA). The House committee of FCT which stated this during an interactive session with the mandate secretary in charge of the transportation secretariat, Chinedum Elechi, said residents and motorists in the nation's capital are being harassed by those employed to enforce the policy. Chairman of the committee, Muktar Betara, demanded details on how […]

July 24, 2024 8

Economy

THE NATIONAL BUREAU OF STATISTICS (NBS), SAYS PRICES OF FOOD ITEMS INCREASED IN JUNE 2024.

The National Bureau of Statistics (NBS), says prices of beans, tomatoes, irish potatoes, garri, yam and other food items witnessed significant price increases in June 2024. The NBS said this in its Selected Food Prices Watch report for June 2024 released in Abuja on Tuesday. The report said that the average price of 1kg of brown beans increased by 252.13 per cent from N651.12 recorded in June 2023 to N […]

July 24, 2024 14

Business

CBN RAISES INTEREST RATE TO 27.65 PER CENT.

The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark lending rate to 27.65 per cent. The hike in the Monetary Policy Rate was disclosed by the Governor of the CBN, Olayemi Cardoso, at the end of the 296th MPC meeting in Abuja on Tuesday. The MPC had maintained a hawkish stance to tame inflation since it resumed meeting this year and thus far, it has […]

July 23, 2024 11

Business

HOUSE OF REPRESENTATIVES TELLS PARTIES IN ONGOING PETROLEUM SECTOR DISPUTES TO CEASE-FIRE AS PROBE COMMENCES

The House of Representatives on Monday called on all parties involved in the ongoing disputes in the petroleum sector to cease fire pending the outcome of its investigations. The House at the plenary on July 9 constituted a Joint Petroleum Committees on Midstream and Downstream sectors to conduct a forensic investigation towards addressing the pressing issues within Nigeria's energy sector following the faceoff between the NMDPRA and Dnagote refinery. Delivering his […]

July 22, 2024 7

Business

PRESIDENT DANGOTE GROUP, ALIKO DANGOTE OFFERS TO SELL THE DANGOTE REFINERY TO THE NIGERIAN NATIONAL PETROLEUM CORPORATION LIMITED.

President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in an exclusive interview with newsmen, the businessman expressed his willingness to sell the refinery to address allegations of monopoly in the industry. He stated that if the NNPCL takes over the refinery, the allegations of monopoly would no longer be valid. This is coming after the […]

July 22, 2024 9

Economy

MINISTER OF WORKS, SENATOR DAVE UMAHI DESCRIBES THE ENUGU-PORT HARCOURT EXPRESSWAY AS PRIORITY PROJECTS.

Minister of Works, Senator Dave Umahi, has described the Enugu-Port Harcourt Expressway as part of the Federal Government’s priority projects. Senator Umahi said this on Sunday while addressing newsmen after inspecting the Aba section of the Enugu-Port Harcourt Expressway, Port Harcourt Road, Aba and other federal roads undergoing rehabilitation in Aba and its environs. He commended President Bola Tinubu for his commitment to the completion of the project. The minister […]

July 22, 2024 20

Economy

MEMBERS OF HOUSE OF REPRESENTATIVES PLEDGE TO GIVE UP 50 PER CENT OF THEIR SALARIES FOR SIX MONTHS TO ADDRESS THE HUNGER ACROSS THE COUNTRY.

The House of Representatives at a plenary session on Thursday pledged to give up 50 per cent of their salaries for six months to address the hunger across the country. During the session presided over by Speaker Tajudeen Abbas, Deputy Speaker Benjamin Kalu amended the motion, urging his colleagues to sacrifice 50% of their salaries. He made this plea when it was his turn to speak, seeking their support […]

July 18, 2024 7

Business

SENATE SAYS ITS EMERGENCY MEETING WITH THE ECONOMIC TEAM OF PRESIDENT BOLA TINUBU IS TO ASSESS THE ECONOMY AND LEVEL OF IMPLEMENTATION OF THE 2024 BUDGET.

Senate says its emergency meeting with the economic team of President Bola Tinubu is to assess the level of implementation of the 2024 budget and how it impacts on the lives of the common Nigerians. In his remarks at the meeting ,Senate Committee chairman of Finance Senator Sani Musa said the although the committee is aware of the efforts of the administration to reposition the ailing economy but that there […]

July 16, 2024 12