In its Q2 2024 GDP Report, the Bureau said Nigeria’s GDP rose year-on-year in real terms in the second quarter of 2024. The NBS stated that the growth rate is higher than the 2.51% recorded in the second quarter of 2023 and higher than the first quarter of 2024 growth of 2.98%. The NBS said […]
During the ceremony, which took place at the community’s village square on Sunday, there were deliberate and aggressive efforts by the monarch, chiefs, young men and women, including the elderly to eradicate hunger and ensure food availability and sustainability through agricultural revival and consciousness among the teeming youths of the community. It was gathered that […]
This was after President Bola Tinubu approved the implementation of zero per cent import duty and exemption of Value-Added Tax on basic food items. The Ministry of Finance confirmed the approval in a letter to the Nigeria Customs Service dated August 8, 2024. The Nigeria Customs Service also confirmed the development in a document to […]
The group made the call in a letter to the president, which was jointly signed by Bala Abu, Convener/National President, Jeremmiah Okino, Co-Convener, Gabriel Gbana, Secretary, Thomas Terna, Princess Ajibola, and 95 others. The party stakeholders urged the president to remove Mele Kyari, Gbenga Komolafe, and Farouk Ahmed as heads of the Nigerian National Petroleum […]
The national president of the Petroleum Products Retail Outlets Owners Association of Nigeria, Billy Gillis-Harry disclosed this in an exclusive interview with newsmen. He said his recent visit to the 250 barrels per day refinery showed readiness to produce petroleum products in commercial quantity. Gillis-Harry explained that the full-scale kickoff of Port Harcourt Refinery and […]
Chief Executive Officer of the National Agency for Science and Engineering Infrastructure, Khalil Halilu, has disclosed that the agency would offer a 50 per cent discount to drivers who want to convert their vehicles using the newly launched MY-CNG App. According to a statement by NASENI’s Director of Information, Olusegun Ayeoyenikan, Halilu spoke while presiding […]
The World Bank Group Finances has revealed that the Federal Government is still repaying $10.6bn in loans obtained under former Presidents Olusegun Obasanjo, late Umaru Musa Yaradua, and Goodluck Jonathan. Recall that in June 2024, the Debt Management Office said as of March 31, 2024, Nigeria’s domestic and external debts stood at N121.67tn ($91.46bn). The […]
Tinubu had directed NNPC to sell crude to the Dangote refinery and other upcoming refineries in naira. The Special Adviser to the President on Information and Publicity, Bayo Onanuga, had made this known in a post via his official X handle. Onanuga said the Federal Executive Council adopted the move on Monday to ensure the […]
MACBAN, an advocacy group centred on promoting the welfare of pastoralists in Nigeria, said the country’s livestock sector is currently valued at over N33tn, adding that with the envisaged new investments, it is estimated to grow to over N75tn in a few years. The association’s President, Othman Ngelzarma, who disclosed this at a press briefing […]
NNPCL spokesperson, Olufemi Soneye disclosed this in a terse statement in reaction to Dangote Refinery’s announcement that NNPC’s stake is now 7.2 percent contrary to the 20 percent stake. According to Soneye, NNPCL had several months ago decided to cap its investment at the amount already paid adding that the decision not to invest any further […]