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Economy

55 Results / Page 6 of 7

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Business

Norrenberger Group Says President Tinubu’s Reforms Are Paying Off.

Economic outlook for the second half of 2024 shows that ongoing reforms by the President Tinubu led government are beginning to yield results as seen with cases of improved trade balance, Increased FAAC allocations, Surge in Capital imports, Increased Foreign Reserves and Exchange rate convergence. This is according to the Norrenberger group, which also admitted that the reforms left Nigerians with High prices, Insecurity, Increased poverty, Depreciating currencies and High […]

todayJuly 26, 2024 13

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Economy

The Network Of Abuja Left Groups Calls For a Uniformed Salary Structure.

The network of Abuja left groups has called for the implementation of a uniformed salary structure for workers and political office holders, reduction in the cost of petrol and electricity tariff and implementation of a minimum wage that meets the basic needs of all workers. The coalition which is an association of activists committed to social justice and equal rights for all Nigerians, made the demand in Abuja at a […]

todayJuly 26, 2024 46

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Economy

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 […]

todayJuly 24, 2024 8

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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 […]

todayJuly 24, 2024 17

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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 […]

todayJuly 23, 2024 12

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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 […]

todayJuly 22, 2024 12

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 […]

todayJuly 22, 2024 13

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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 […]

todayJuly 22, 2024 28

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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 […]

todayJuly 18, 2024 8

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