In a move to streamline government expenditure, President Bola Tinubu has restricted federal ministers and agency heads to three vehicles in their official convoys. The directive, issued today in a statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga also mandates that no additional vehicles will be allocated for their…
Hussaini Kafi in Kano The federal government has issued a seven-day ultimatum to Julius Berger Plc to accept the N740.7 billion contract for the rehabilitation of the Abuja-Kaduna-Zaria-Kano road or risk having the contract revoked. The ultimatum was issued by the Minister of Works, Engr. Nweze David, during a meeting with the newly appointed Managing…
Amidst Nigeria’s persistent economic challenges, the prices of staple food items have continued to climb sharply, according to the latest report by the National Bureau of Statistics (NBS). The “Selected Food Price Watch” report for September 2024, published on the NBS website, highlights a substantial increase in the prices of key staples such as rice,…
Korede Abdullah in Lagos The Nigerian Naira has suffered a significant decline, losing N52.24 against the US dollar in just 48 hours. According to data from FMDQ, the Naira weakened to N1653.02 on Tuesday, down from N1600.78 last Friday. This marks the second depreciation this week, following Monday’s rate of N1603.16 per dollar. The downturn…
