Category: Business

President Muhammadu Buhari has directed that all members of the Federal Executive Council (FEC) with the ambition of contesting for elective offices in the 2023 elections should submit their letters of resignation on or before Monday, May 16, 2022. This new directive was disclosed by the Minister of information and Culture, Lai Mohammed, after the […]

Nigerian stocks fell for the first time in 32 days on Tuesday as the main equity index contracted marginally by 0.2 per cent, ending the bourse longest gaining streak so far this year. Until Tuesday, the bourse had been on a rally since April 32, buoyed by an unusually strong investors’ sentiment, and has now […]

The Presidency disclosed that it won’t extend its constitutionally mandated tenure of 8 years presidency, stating that the President is committed to entrenching democratic values across the country. This was disclosed in a statement by President’s Senior Special Assistant on Media and Publicity, Malam Garba Shehu, on Tuesday in response to Chief Roberts Clarke’s call […]

The Nigerian Senate has said it will intervene in the current negotiations between the Federal Government and the Academic Staff Union of Universities (ASUU), to help find a lasting solution to the issues. This was disclosed by Senate President, Dr Ahmad Lawan on Tuesday in Abuja to officials of the National Association of Nigerian Students (NANS). The […]

Naira gained marginally against the U.S. dollar at the official market on Tuesday, a day after it recorded a decline. According to data published by FMDQ, where forex is officially traded, the local currency closed at N418.25 to a dollar at the close of business on Tuesday. This implies a N0.75 or 0.2 per cent increase […]

A former governor of Anambra State and the Peoples Democratic Party (PDP) Presidential hopeful, Peter Obi, has revealed why the federal government is failing in its move to generate revenue through taxation. According to Obi, the government has kept on borrowing money over the years to share among the elite in the economy, instead of […]

An Abuja division of the Federal high court has refused to grant the request of the governor of the Central Bank of Nigeria, Godwin Emefiele, to restrain the Independent National Electoral Commission (INEC) and the Attorney General of the Federation from preventing him from his presidential ambition. On Monday, Emefiele’s counsel, Mike Ozekhome SAN asked […]

Former president, Goodluck Jonathan has revealed that he is not aware of any presidential bid and did not authorise any purchase of forms. President Jonathan disclosed this in a statement on Monday night, through his spokesman, Ikechukwu Eze. This comes after it was reported that Northern interest groups had purchased the All Progressives Congress’ presidential […]

Nigeria made $565.5m in crude oil and gas export sales in the first quarter of 2022, according to data from the Nigerian National Petroleum Company Ltd. According to the data, the nation made $177.86m from crude oil exports and $387.72m from gas feedstock to Nigeria LNG Limited which amounted to The NNPC data indicates that […]

The Debt Management Office (DMO), on Monday announced the offer of two Federal Government of Nigeria (FGN) bonds for subscription. The first offer is a two-year FGN savings bond which will be due on May 18, 2024, at an interest rate of 7.93 per cent per annum. The second one is a three-year FGN savings bond […]

Minister of Mines and Steel Development (MMSD), Olamilekan Adegbite, has revealed that the Federal Government will soon make the country a gold jewelry destination. The minister stated this during the graduation ceremony of the first batch of the gemstone and jewelry-making trainees of the Abuja Chambers of Commerce and Industry. He said the seven-month training […]

The Nigerian National Petroleum Company Limited (NNPC) has revealed that Nigeria in the first three months of 2022 recorded $565.5 million export sales of crude oil and Gas. NNPC revealed this in its latest data published on its website and obtained by Ripples Nigeria. According to the data, crude oil exports fetched the nation $177.86 […]

Vice President Yemi Osinbajo has urged the Academic Staff Union of Universities (ASUU), which has been on strike since February over unmet conditions by the Federal Government, to embrace dialogue. The Vice President disclosed this on Sunday at the 2022 International Workers Day celebration themed “Labour, Politics and the Quest for Good Governance and Development in Nigeria.’’ […]

The Nigeria Communication Commission (NCC) has urged Nigerians to consider the benefit of linking their Subscriber Identification Module (SIM) cards to their National Identification Number (NIN) for the safety of their online transactions and services rather than the inconveniences of banning them from making calls. The Commission, which said that it blocked the unlinked SIMs […]

To promote accountability, Connected Development (CODE), a leading civil society orrganisation, has called on government at all levels to put budgetary allocations in the public domain to allow citizens to hold them to account. Its director of programmes, Lucy Abagi, made this call in Abuja at the unveiling of its new identity and presentation of […]