The Federal Government may have adopted a virtual means of evacuation of crude oil that involves the utilisation of barges and trucks for the transportation of crude from the point of production to injection/storage points for eventual transportation to export terminals. The federal government said the Alternative Crude Oil Evacuation Systems was implemented to avoid…
The Socio-Economic Rights and Accountability Project on Sunday has accused state governors of mismanaging public funds, alleging that the governors and the minister of FCT, have not been forthcoming with declaring copies of loan agreements and spending details of the loans they obtained. SERAP expressed displeasure at the Kaduna State Governor, Uba Sani; the Minister…
King Charles and his wife, Queen Camilla, arrived by car for the hour-long late morning service at St George’s Chapel within the grounds of Windsor Castle, West of London. The 75-year-old, dressed in a suit and light blue tie, smiled and waved to crowds — who had queued up for hours for a glimpse of…
There is an atmosphere of unease in Kaduna as the State governor, Uba Sani, says his administration is unable to pay workers’ salaries. Sani cited the huge debts inherited from the government of his predecessor, Nasir El-Rufai, as the reason the state is financially broke. But in a swift reaction, a son of El-Rufai fired…
… Under Nwike, FCT borrowed N6.75bn from domestic creditors In the first six months after taking office, 13 new state governors collectively borrowed N226.8bn from domestic and external financiers. Also, the FCT under the leadership of Nyesom Wike borrowed N6.75bn from domestic creditors. Findings have shown that 16 state governors also increased the debt profile…
The Nigerian Communications Commission has directed telecommunication companies to extend the disconnection of telephone lines not linked to National Identification Numbers from April 15, 2024, to July 31, 2024. This was gathered from reliable source within the telecommunication sector who disclosed this information to the media on Saturday. This decision communicated via a letter to…
The current high cost of food stuffs and commodities across Nigeria has left Christian families to celebrate this year’s Easter in a low key, Africa Health Report has gathered. For most Nigerian families, the 2024 Easter is looking bleak, because they cannot afford to celebrate the way they desired due to high cost of living…
Minister of Industry, Trade and Investment, Doris Uzoka-Anite, has disclosed plans to make Nigeria a major player in the vehicle manufacturing industry. The minister made this disclosure on Friday, at the public launch of the Nigeria Automotive Industry Development Plan. The was attended by stakeholders drawn from the private and public sectors. Uzoka-Anite explained the…
The Central Bank of Nigeria has said that it recorded an inflow of over $1.5 bn into the economy over the past few days, indicating that its monetary policy efforts are working positively. The Director, Corporate Communications Department, Mrs. Sidi Ali, made the assertions in a statement on Friday. She noted that data available to…
The Central Bank of Nigeria (CBN) on Thursday pegged the minimum capital base for commercial banks with international authorisation at N500 billion. In a circular signed by the Director, Financial Policy and Regulation Department, Haruna Mustafa, the apex bank gave all commercial, merchant, and non-interest banks and promoters of proposed banks 24 months, commencing…
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