The Africa Trade Barometer report has revealed that Nigeria loses an estimated $26 billion yearly to power failures. This is contained in the latest report by organisation which said the cost excludes spending on off-grid generators. The report comes amid the incessant national grid collapse in recent weeks. Just this month, there was a blackout…
Juliet Jacob delves into the ongoing NAFDAC strike, analyzing the workers’ grievances, management’s response, and the far-reaching implications for Nigerian businesses and public health, amid fears of compromised food and drug safety and economic instability. NAFDAC Activities Paralyzed The National Agency for Food and Drug Administration and Control (NAFDAC) was paralyzed by an indefinite…
The Medical and Health Workers’ Association at the National Agency for Food and Drug Administration and Control (NAFDAC)has suspended its indefinite strike for one month to allow for mediation. Chairman Adetoye Ayodeji confirmed this development following a meeting with National Security Adviser Nuhu Ribadu in Abuja. “It was suspended for one month,” Ayodeji stated. “Mr….
Korede Abdullah in Lagos The Ogun State government has launched a statewide monitoring exercise to regulate transport fares and ensure fair practices in the transportation sector. This initiative, led by Governor Dapo Abiodun, aims to cushion the economic pressures caused by rising fuel costs. The Task Force Control of Transport Fares of Motorists and Unethical…
Korede Abdullah in Lagos The Lagos State Government has announced a temporary traffic diversion to facilitate the installation of truck barriers at the Ojuelegba Flyover Bridge by the Fire Station. The diversion will take place from 10:00 pm on Saturday, October 26, to 5:00 am on Sunday, October 27, 2024. This follows recent damage to…
President Bola Tinubu has reiterated his administration would not repeat the mistakes of previous governments regarding livestock farming, emphasising the need for self-sufficiency in dairy production. His commitment came during the opening of a two-day Consultative Workshop on Livestock Reforms on Thursday in Abuja. In a statement released by his Special Adviser on Information and…
The Central Bank of Nigeria (CBN) has clarified that claims regarding the cessation of old N200, N500, and N1,000 banknotes as legal tender by December 31, 2024, are inaccurate. Acting Director of Corporate Communications, CBN, Mrs. Sidi-Ali Hakama, stated, “These claims are false and calculated to disrupt the country’s payment system.” The CBN’s announcement follows…
Korede Abdullah in Lagos The Central Bank of Nigeria (CBN) has taken a bold steps to tap into the economic potential of Nigeria’s diaspora community, with the goal of boosting the country’s economic growth. Recently, the CBN led a team of key stakeholders, including the Nigeria Inter-Bank Settlement System (NIBSS), major banks, and International Money…
In a groundbreaking collaboration, the Federal Government of Nigeria and the United States Agency for International Development (USAID) have empowered over 311 Micro, Small, and Medium Enterprises (MSMEs) over the past four years. This partnership has significantly enhanced the agricultural productivity of smallholder farmers, impacting over two million across the country. The initiative, which is…
Hussaini Kafi in Kano The Kaduna State government is aiming to significantly boost its internally generated revenue (IGR) by generating N150 billion monthly through improved tax management strategies. According to the state’s Commissioner for Planning and Budget Commission, Mukhtar Ahmed, the government is committed to automating the tax collection process, strengthening collaboration between relevant agencies,…
Want to be notified when our article is published? Enter your email address and name below to be the first to know.
