Industry & Money
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130Lagos-Kano Rail Line Ready for Freight Operations in June –FG
The federal government said freight services may soon commence operations on the Lagos- Kano narrow gauge rail line in June 2024. This...
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153Parliament Probes Procurement Process of Lagos-Calabar Coastal Highway Project
The House of Representatives has ordered an investigation into the procurement process and the award of contract for the Lagos-Calabar Coastal Highway....
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114FG Forecloses Renewal of Non-operating Oil Licenses
The Federal Government, yesterday, announced an end to the renewal of all non- operating oil licenses. Minister of State, Petroleum Resources (Oil), Heineken Lokpobiri, stated...
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322Credit to Private Sector Depreciated to ₦71.21tr
The Central Bank of Nigeria (CBN) has disclosed that banks’ credit to the private sector declined by 12 per cent month-on-month in...
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185Mechanisation: FG Opens Talks with Vendors for Supply of 85,000 Farm Equipment
The federal government has opened discussions with Chinese agricultural/construction machinery vendors to boost the current administration’s agricultural transformation agenda as well as...
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216House Moves against Cement Manufacturers, Vows to Checkmate Price Hike
The House of Representatives has vowed to leave no stone unturned to put the right laws in place that could help checkmate...
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314Electricity: FG Reduces ‘Band A’ Tariff by 8% to ₦206.8/kWh
NERC yesterday announced an eight percent reduction on electricity tariff paid by customers in Band A from N225/kWh to N206.8/kWh. The Commission, in...
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146FG Abolishes Payment of Signature Bonus for Oil Investors
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has announced the abolition of signature bonus payment to the Federal Government by...
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229FG Directs Banks to Deduct Stamp Duty Charges on Mortgages
The Federal Government has directed Deposit Money Banks to immediately begin the deduction of 0.375 per cent stamp duty charge on all...
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171Purchasing Index: New Orders Rise as Inflationary Pressures Ease
The Purchasing Managers’ Index (PMI) report has shown that inflationary pressures softened in the Nigerian private sector during April, following record increases in purchase...
