President Tinubu Appoints DG ECN

President Bola Ahmed Tinubu on Monday has appointed Dr. Abdullahi Mustapha as the Director-General (DG) and Chief Executive Officer (CEO) of the Energy Commission of Nigeria (ECN). This was made known on Monday in a statement issued by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale.

AICPA Cargo Master Plan To Boost Nigeria Economy

The Anambra State government-owned airport, Anambra International Cargo and Passenger Airport, AICPA, has developed a master plan to engage cargo consolidators locally and internationally to grow its economy hub through exportation of locally made products.

President Tinubu Promises To Tackle Challenges In Foreign Exchange Market

President Bola Tinubu has assured Nigerians and investors that there is an ongoing plan to boost the country’s foreign exchange liquidity. This was as the Minister of Finance and Coordinating Minister of Economy, Wale Edun, revealed that the country was expecting about $10bn inflows in the nearest term, which would help to clear foreign exchange backlog and stabilize the naira. Mr Edun disclosed this while speaking during a panel session at the ongoing Nigeria Economic Summit (NES) in Abuja on Monday.

UAE, Partners Support Move To Reduce Poverty In Nigeria

The United Arab Emirates (UAE) has expressed readiness to partner with the federal government in solving humanitarian and poverty challenges in Nigeria. The UAE Ambassador to Nigeria, Salem Saeed Al Shamsi, revealed the above when he led a team from the embassy and Noor Dubai Foundation to the Ministry of Humanitarian Affairs and Poverty Alleviation in Abuja.

FCTA Lifts Embargo on Satellite Town Building Approvals

The Federal Capital Territory Administration (FCTA) has lifted the embargo on building plan approvals at satellite towns cut across six Area Councils of the nation's capital. This is to generate an efficient database for sustainable city development Making this disclosure, the Director of the FCT Department of Development Control (DDC), Mukhtar Galadima noted that the Administration suspended granting building plans approvals at the satellite towns, due to the absence of engineering design in the area. More so, stating that the process is aimed at enabling the department to access and grant building approval to those who had built without approval, also property owners in satellite towns are expected to submit the requisite information for necessary action within 21 days.

Tinubu Detaches FCT from Treasury Single Account

President Bola Ahmed Tinubu has detached the Federal Capital Territory Administration (FCTA) from the Treasury Single Account (TSA). This was revealed by the FCT Minister, Nyesom Wike during a press conference held on Friday in the nation's capital. This strategic move is anticipated to facilitate the advancement and expansion of the FCTA under the leadership of the FCT Minister. The TSA is a Federal Government policy that requires all government revenue to be deposited into a single account, was introduced in 2015 to improve transparency and accountability in government finances. In line with the TSA, all revenue receipts, and all payments by the government, go through a Consolidated Revenue Account, CRA, at the Central Bank of Nigeria, CBN.

N35,000 Wage Award: Labour Gives Govs Ultimatum

Organised Labour has issued a two-week deadline to States governors to initiate negotiations on the N35,000 wage award for workers in their states following the Memorandum of Understanding signed by the Federal Government, the Nigeria Labour Congress and the Trade Union Congress on the economic reality in the country.

President Tinubu Appoints New CEOs For CAC, 13 Others

President Bola Ahmed Tinubu has approved the appointment of new Chief Executive Officers (CEOs) of several parastatals and agencies under the Federal Ministry of Industry, Trade and Investment such as Corporate Affairs Commission (CAC), Industrial Training Fund (ITF), amongst others.

Nigeria's Inflation Rate Surges In September

The National Bureau of Statistics (NBS) has revealed that Nigeria’s annual inflation rate surged to 26.72 percent in September 2023, making it the highest level in almost two decades, worsening the cost of living crisis in the country. The September inflation rate rose for a ninth straight month from August's 25.8%, as stated by the NBS on Monday, with millions of Nigerians impoverished due to the impact of President Bola Tinubu's reforms.
Food inflation, making up the bulk of Nigeria's inflation basket, rose to 30.64% in September from 29.34% in August.

President Tinubu Approves 260 Emergency Road Repairs nationwide 

President Bola Tinubu has approved more than 260 road repairs across the 36 of the Federation and the Federal Capital Territory (FCT) Abuja. The Minister of Works, David Umahi, revealed this to State House correspondents on Thursday following a meeting with President Tinubu at the Presidential Villa, in Abuja.