Over 50m Informal Businesses Operate in Lagos, Says SMEDAN

Korede Abdullah in Lagos The Lagos State Manager for the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Dr. Olubunmi Kole-Dawodu, has revealed that over 50 million informal businesses operate in Lagos. Speaking at the Stakeholder’s Forum on Economic Data Performance on Wednesday, Dr. Kole-Dawodu highlighted the sector’s vital role in driving the local…

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NBS Releases December 2024 Consumer Price Index Report, Emphasizing NLSS Changes

The National Bureau of Statistics (NBS) on Wednesday released its December 2024 Consumer Price Index (CPI) report, shedding light on the price changes affecting goods and services across Nigeria. This critical economic tool monitors inflation and provides insights into economic trends nationwide. According to the NBS, “The CPI process combines economic theory, sampling, and statistical…

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JAMB Clears the air on 2025 Budget Proposal Comment

The Registrar of the Joint Admissions and Matriculation Board (JAMB), Professor Ishaq Oloyede, has responded to concerns over alleged misrepresentation of figures in the Board’s 2025 budget proposal. Speaking at an event in Abuja on Tuesday, Oloyede clarified that reports claiming JAMB spent large sums on items such as fumigation and meals in 2024 were…

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Customs Targets ₦6.58tr Revenue in 2025, Says University for Trade Underway

The Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi has announced an ambitious revenue target of ₦6.58 trillion for 2025, following a record collection of ₦6.1 trillion in 2024. Mr. Adeniyi disclosed this on Tuesday in Abuja while updating the public on the activities and achievements of the Nigeria Customs Service for the…

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Food Crisis: Nigeria Receives 32-Ton Shipment of Rice from Thailand Decade After

Korede Abdullah in Lagos Nigeria has received a 32-ton shipment of rice from Thailand, offering temporary relief as the nation grapples with a worsening food crisis. This shipment, the first of its kind in a decade, arrived in Lagos on Saturday, facilitated by DUCAT, a logistics company. According to DUCAT, the rice export was made…

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$52.88m Recovered Assets: CISLAC Demands Transparency, Accountability, Commends Efforts

Korede Abdullah in Lagos The Civil Society Legislative Advocacy Centre (CISLAC) has praised the repatriation of $52.88 million in recovered assets linked to former Minister of Petroleum Resources, Diezani Alison-Madueke, by the United States government. CISLAC’s Executive Director, Auwal Musa Rafsanjani in a statement on Saturday, commended the collaboration between the Nigerian and US governments,…

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EXCLUSIVE! Quantum Gets Global Focus as US, UK, China Deploy System to Complex Problems Solving

Indication emerged Saturday that the United Nations, UN is considering global recognition for quantum mechanics as countries push for declaration of International Year of Quantum Science and Technology in 2025. There are a lot of conversations around the global recognition of quantum mechanics, said a report. The hope is that complex problems will be solved…

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