Two human rights organisations, Centre for Information Technology and Development and Avocats Sans Frontières France, also known as Lawyers Without Borders on Tuesday, warned the Federal Government against controlling the digital space. The duo said controlling the digital space would be counterproductive and antithetical to turning the country into a digital economy. The organisations expressed…
Vice President Kashim Shettima on Sunday departed Nigeria to represent President Bola Tinubu at the 3rd Belt and Road Initiative Forum in Beijing, China, holding from Oct. 16 to 18. Mr Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications, Office of the Vice President, disclosed this in a statement in Abuja…
Experts and Organised Private Sector (OPS) operators yesterday hailed the decision of the Central Bank of Nigeria (CBN) to lift foreign exchange (Forex) restrictions on the importation of 43 items. They said the move would create jobs and strengthen the economy. The apex bank explained that with the move, importers of rice, maize and wheelbarrows…
The Federal Government is to soon commence the partial commercialisation of the River Basins across the country to enhance food production and to boost the economy. The Minister of Water Resources and Sanitation, Professor Joseph Utsev disclosed this when he paid an inspection visit to Tiga Dam, built by former Governor of Kano State, Police…
Nigeria relied on foreign borrowing ($1.21bn) to boost its capital importation in the first six months of 2023. This is as 28 states failed to attract any foreign investments in the time under review, according to report from the National Bureau of Statistics on Nigeria Capital Importation. In 2023, total capital importation dropped by 30.42…
The National President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) Festus Osifo, has claimed that the Federal Government is still paying subsidy on petroleum products. Osifo, who is also the president of the Trade Union Congress, TUC stated this while speaking with the newsmen yesterday . He said due to…
The Nigerian National Petroleum Company Limited has debunked claims that it is planning to increase its pump prices for Premium Motor Spirit, commonly referred to as petrol. The company’s management, in a statement shared today on social media, said, “we do not have the intention to increase our PMS pump prices as widely speculated”. According…
An analysis of the foreign exchange market data for the third quarter showed that the Naira depreciated by at least 23 per cent against the US dollar. The period saw the consistent instability and volatility of the Naira at the forex market despite liberalization reforms introduced by the Central Bank of Nigeria on June 14th….
The British and the United States governments have expressed their readiness to partner the Federal Government to develop the newly created Marine and Blue Economy ministry. Both governments said the partnership would boost Nigeria’s growth. The representatives of the countries stated this yesterday in Abuja during their separate meetings with the Minister of Marine and…
As the December deadline to resume full petrol production draws near, the managing director of Port Harcourt Refining Company Limited (PHRC) Engr Ibrahim Onoja and the acting managing director of Warri Refining and Petrochemical Company (WRPC), Mrs Usua Ofonmbuk Edet are currently under pressure to deliver. The federal government had said the December deadline for…