…what local investors stand to gain –Minister PRESS STATEMENT EXECUTIVE ORDER: TINUBU POSITIONS NIGERIA AS PRIME DESTINATION FOR INVESTMENT IN AFRICA’S ENERGY SECTOR In keeping with his dedicated efforts to remove obstacles to investments in Nigeria, harness the nation’s resources and diversify the economy for the benefit of all Nigerians, His Excellency,Continue Reading
His Excellency, President Bola Ahmed Tinubu has signed the Executive Orders on oil and gas reforms. The President has directed his Special Adviser on Energy, Olu Verheijen to coordinate stakeholders to ensure the implementation of the directives within a stipulated timeframe. Below are brief Takeaways of The Executive orders: (1)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
By our Correspondent The monetary policies of the current governor of the Central Bank of Nigeria (CBN), Mr. Cardoso have started yielding positive impacts, pundits said, as the Naira recovers hugely to exchange at #1,300 to one Dollar today, Wednesday, February 28, 2024. The current rate is about #620 differentContinue Reading
…as Apex Bank helmsman opens up on Binance The Senate on Tuesday passed for second reading a bill seeking to amend the Central Bank of Nigeria (CBN) Act to provide for single non-renewal term of six years for the governor and the deputy governors of the apex bank. The bill,Continue Reading
“The unfortunate conjectures to take away the kernel in the material facts of FAAC payment are rather regretted” The Senate President, Godswill Akpabio, has offered an apology to the state governors for his remarks regarding the reported N30 billion hardship allowance they were said to have received. During a recentContinue Reading
… Lagos-Port Harcourt-Calabar Coastal Highway contract, others Highlights of Federal Executive Council decisions on Monday 26 February Here are some of the highlights of the far reaching decisions taken today at the Federal Executive Council meeting, chaired by President Bola Ahmed Tinubu. The implementation involves merging, subsuming and scrapping agenciesContinue Reading
…announces date for Stakeholders’ Engagement The Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has outlined the Commission’s plans for 2024, stressing that stakeholders’ engagements will set the tone for its activities.Speaking during an interactive session with NDDC management and staff at the Commission’s headquarters inContinue Reading
Akwa Ibom State Governor, Pastor Umo Eno, today attended the maiden meeting of the BRACED (Bayelsa, Rivers, Akwa Ibom, Cross River, Edo and Delta) Commission in Benin City of Edo State. Hosted by the Governor of Edo State, Godwin Obaseki, the Commission was established in 2010 under Article 14 ofContinue Reading
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