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The Nigeria Customs Service, NCS, will today commence the sale of seized bags of rice to the public at the rate of N10,000 per 25kg . Disclosing this to newsmen in Lagos, Comptroller General of the NCS, Mr. Adewale Adeniyi, said the process for the sale of the food items has been perfected such that a form with all the ... Read More »

A total revenue of N2.068 trillion was collected in the month of January 2024 into the Federation Account. Deductions for cost of collection was N78.412 billion with total transfers, interventions and refunds N639.926 billion and savings N200.000 billion. As a result of the deductions from the total revenue, the Federation Account Allocation Committee (FAAC) shared N1.149 trillion from the January ... Read More »

The federal government has said that the Port-Harcourt refinery would begin operation by producing two million litres of Premium Motor Spirit (PMS) otherwise known as petrol and 2.2 million litres of diesel per day. The government said this after an inspection tour of the facility along with the leadership of organised labour. Minister of State for Labour and Employment, Nkeiruka ... Read More »

The Trade Union Congress of Nigeria (TUC) has disagreed with the Nigeria Labour Congress (NLC) on the call for a nationwide protest without due consultation. The TUC urged the NLC to stop taking unilateral decisions on issues of interest to the two organisations. The TUC, in a letter addressed to the President of the NLC, Joe Ajaero said it was ... Read More »

The federal government has finalised plans to release an additional 60,000 metric tonnes of food grains to make food available and stabilize the price of foodstuff in the country. Minister of Finance and Coordinating Minister for the Economy, Wale Edun made this known in Abuja on Tuesday, February 20, at the Public Wealth Management Conference organised by the Ministry of ... Read More »

Cement manufacturers have agreed to bring down the price of the product to between N7,000 and N8,000 per 50kg depending on the location nationwide. During a meeting initiated by the Minister of Works, David Umahi, and attended by his counterparts from the Ministry of Industry, Trade, and Investment, including Doris Uzoka-Anite, in Abuja on Monday, February 19, efforts were made ... Read More »

The Presidency has said a controlled floatation of the Naira to prevent further devaluation would only return Nigeria to the economic regime of the embattled former Governor of the Central Bank of Nigeria, Godwin Emefiele. It said the policy, which saw about $1.5bn spent monthly to shore up the Naira, fueled financial malpractices such as arbitrage which hurt the economy. ... Read More »

… …my signature was forged to take Party funds- Ex-Ag. national chair The last has not been heard about the crisis of confidence which has engulfed the leadership of the Labour Party over the administration of party funds. National Treasurer of the party, Ms. Oluchi Oparah, who was suspended by the Comrade Julious Abure-led National Working Committee (NWC), for six ... Read More »

President Bola Tinubu, on Sunday, February 18, pushed the nation’s agriculture potentials on a global scale, advancing a multi-sectoral partnership with the Federative Republic of Brazil. President Tinubu made the advances during a meeting with President Luiz Inácio Lula da Silva of Brazil in Addis Ababa, Ethiopia. According to a statement issued by Special Adviser to the President on Media ... Read More »

Worried by the escalating cost of cement despite huge patronage by road and housing contractors to cement manufacturers, the Honourable Minister of Works, His Excellency Sen Engr Nweze David Umahi CON, has summoned an urgent meeting of all cement manufacturers in Nigeria. Those invited are: 1. Dangote Plc, 2. BUA Plc 3.Larfarge and others. According to a press statement signed ... Read More »