In the News

Top Stories

Shoprite To Leave Nigerian Market After 15 Years

Featured

Popular South Africa’s grocery retailer ShopRite has announced that it will exit Africa’s biggest market, Nigeria, 15 years after it opened its shop in the West African country.

CBN Suspends The Importation Of Maize

Featured

The Central Bank of Nigeria (CBN) has directed maize dealers to discontinue the processing of Form M for the importation of maize with immediate effect. The apex bank issued this directive on Monday in Abuja through a circular signed by its Director of Trade and Exchange Department, Dr. OzoemenaNnaji.

The federal government has announced a new price band of 140.80 to N143.80 per litre for Petroleum Motor Spirit (PMS), also known as petrol. The Petroleum Products Pricing and Regulatory Agency (PPRA), in a circular to marketers dated July 1, 2020, and signed by its Executive Secretary, Abdulkadir Saidu informed that “After a review of the prevailing market fundamentals in the month of June and considering marketers’ realistic operating costs, as much as practicable, we wish to advise a new PMS pump price band of N140.80 – N143.80 per litre for the month of July 2020.All markets are advised to operate within the indicative prices advised by the PPRA.”

FG Approves Gradual Resumption Of International Flights

Top Stories

The Federal Government has approved the reopening of international flights, asking airlines in the country to begin a gradual process of the resumption of international flights.
This comes after an intense review of the management of the COVID-19 pandemic and subsequent approval of the resumption of international flights and train services by the Presidential Task Force on COVID-19 (PTF).

Chinese Loan Is Only 3.9% Of The Nigerian Total Public Debt – DMO

Top Stories

The Nigerian Debt Management Office (DMO) has revealed that the total loan by the Chinese government and its affiliate agencies to Nigeria is paltry of $3.121 billion which translates to only 3.94 percent of the country’s total debt of $79.3 billion as at March 31, 2020. However, when considering external debt, the Chinese loan accounts for 11.28 percent of the total external debt of #27.67 billion by the same date as stated.

Murtala Muhammed International Airport and 13 Others Commences Full Domestic Operations

Top Stories

The Federal Government through the Minister of Aviation, Hadi Sirka, has approved the resumption of domestic flight operations in 14 airports after months of closure due to lockdown caused by the outbreak of COVID-19 pandemic.

The Federal Government in efforts to control the negative impact of trans-boundary pests on crops has approved an N13 billion intervention fund to also boost agricultural activities. The pest control project in 12 northern states of the federation is aimed at enhancing the national food security amidst the COVID-19 pandemic.

Embattled AFDB President: Nigeria Have Your Back, Buhari Assures Adesina

Trending

President Muhammadu Buhari has yesterday assured the embattled president of the African Development Bank (AfDB) in his quest for his re-election to occupy the office, saying “Nigeria is solidly behind you”. Buhari gave the assurance when he hosted Mr Adesina at the statehouse Abuja who was on a courtesy visit. Mr President reiterated his stance to Adesina that Nigeria in collaboration with other African leaders would rally round him to ensure he actualises to ambition especially that his past record is anything to go by.

Illegal Mining: 17 Chinese Men Arrested In Osun State

Trending

The Osun State Government had on Sunday announced the arrest of 27 illegal miners in the state out of which 17 of them were Chinese nationals while 10 were there local collaborators.

Trending Video