…seals supermarkets in Abuja President Bola Tinubu-led government of Nigeria has begun clamping down on supermarkets for purposes of checking excessive price hikes by marketers and business owners across the nation. The clampdown, according to sources, would be extended to open markets. This is just as the Federal Competition andContinue Reading
The Minister of Aviation and Aerospace Development, Festus Keyamo, said Emirates Airline will resume operations in Nigeria on or before June 2024. Keyamo disclosed this when he featured on Arise Television on Monday. The minister noted that President Bola Tinubu played a significant role in resolving the frosty relations betweenContinue Reading
‘This development occurs merely four days after the Central Bank of Nigeria (CBN) adjusted its FX selling rate to BDCs to N1,101 per dollar, down from the previous N1,251’ Following the conclusion of the Eid-el-Fitr holidays, the Nigerian Naira has seen a notable appreciation of N60 against the US dollar.Continue Reading
‘…you’re a small boy with no address oitside politics’ A billionaire business mogul, Chief Linus Ukachukwu, has expressed his defiance towards the Minister of the Federal Capital Territory (FCT), Nyesom Wike, alleging that Wike, lacking a presence beyond politics, cannot intimidate him following the recent demolition of his property inContinue Reading
‘This wave of recapitalization is a bit different from that of Charles Soludo implemented between July 2004 and December 31, 2005 in which all the banks were all forced to recapitalize to a minimum of N25 billion. It shrunk the industry from 89 to 24 banks. This time, the banksContinue Reading
According to ex-Gov Udom: “How can I contemplate building a Dugout Port in Akwa Ibom State which is surrounded by water. Where in the world is such a Dugout Port operated” I was the Chairman of Oron Techcom on Ibom Deep Sea Port, an advisory Committee to Oron Nation onContinue Reading
…says Nigeria must feed its people, have enough for export. His Excellency said “We have seen the level of commitment here. We have seen leadership. The success of any leader will depend on the ability to do what needs to be done when it ought to be done. It isContinue Reading
President Bola Ahmed Tinubu, on Friday inaugurated GB Foods Tomato Farming and Processing Factory at Ngaski Local Government Area of Kebbi State. Commissioning the factory at Gafara village of Ngaski LGA, the president pledged to support both foreign and indigenous investors willing to invest in Nigeria. This, according to him,Continue Reading
As experts react The Central Bank of Nigeria (CBN) has again raised the exchange rate for calculating Customs duties at the nation’s seaports by 1.1 percent after a few days of stability. The Customs duty rate was reviewed upwards from N1, 544.081/$ to N1, 560.511/$ on Wednesday, March 6, 2024,Continue Reading
President of Nigeria, His Excellency, Bola Ahmed Tinubu GCFR has forewarned the Qatari investors not to give any form of bribe to any Nigerian but to alert him should any official of his government requests any form of bribe from them or hinders progress. “I am here to give youContinue Reading
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