President Bola Tinubu on Wednesday expressed his desire that the 2024 Appropriation Act come into effect on January 1, 2024. The President, who addressed a joint session of the National Assembly in Abuja, charged both arms of the legislative arm to work assiduously and “conclude with reasonable dispatch”, their deliberations on the 2024 budget estimates…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari has confirmed that the Port Harcourt refinery will start working in December 2023. Kyari made the confirmation on Thursday during his meeting with the Speaker of the House of Representatives, Tajudeen Abbas. He also informed Abbas that the rehabilitation of…
The naira fell, on Thursday, to N956/$ on the official Investor and Exporter forex window as dollar supply declined by 46.77 per cent. This is a 13.78 per cent decline from the N840.53/$ the naira closed trading on Wednesday according to data from the FMDQ Securities Exchange. Also, the turnover of dollars traded in the…
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and its Petroleum Tanker Drivers Branch (PTD) have denied media reports of threats to embark on a nationwide strike over purported leadership tussles in the Union. Reacting to the report, the National Chairman of the PTD Branch of NUPENG, Augustine Egbon, in a statement issued…
The Central Bank of Nigeria has again postponed the meeting of its monetary policy committee despite the surge in inflation. This is according to a report by newsmen on today, which quoted the CBN’s Director of Corporate Communications, Dr Isa Abdulmumin, who said, “MPC is not holding” a meeting this week in a text message…
Amid sustained rise in food prices, Nigeria has recorded a 10th consecutive rise in inflation rate to a new high of 27.33% for the month of October, as analysts see further rises in the months ahead. The new figure represents a 0.61 percentage points year-on-year (YoY) when compared to 26.72% recorded in September. The National Bureau…
The Naira continued its free fall against the dollar on Tuesday, depreciating to N1,080/$ in the parallel market. This is 4.85 per cent decline when compared to the N1, 030/$ it traded on Monday. It is also day two of the naira losing momentum after going on a bull run towards the end of last…
By Michael Adeyemo A financial Analyst, Mr Wale Akintola, has said that the creation of a Federal Ministry of Marine and Blue Economy would harness potentials in the nation’s marine sector. Mr Akintola, who is also a lecturer at The Polytechnic Ibadan General Studies Development, made this known while featuring on Pensioners FM weekly Current…
By Adebayo Yusuf Two Public Affairs Analysts, Mr Kayode Adejumo-Bello and Honourable Femi Adebisi have described as waste of public funds, the proposed budget of five billion naira for purchase of a Navy Presidential yacht. Mr. Adejumo-Bello and Honourable Adebisi made this known while featuring on Pensioners’ FM Current Affairs Programme, “Voice of Liberation”. Mr…
President Tinubu says his administration is committed to providing the necessary support for Micro, Small, and Medium Enterprises (MSMEs) to unlock their full potential and ensure their long-term success. Tinubu said this at the 2023 Edition of the Lagos International Trade Fair (LITF) organised by the Lagos Chamber of Commerce and Industry (LCCI) on Friday…