By Salif Atojoko President Bola Tinubu has welcomed the latest report on the country’s trade balance by the National Bureau of Statistics (NBS). According to the report, Nigeria recorded another trade surplus in the second quarter of 2024, hitting N6.95 trillion, which is 6.60 per cent higher than the N6.52Continue Reading
By Joan Nwagwu The Independent Media and Policy Initiative (IMPI), has expressed support for plans by the Federal Government to engage private firms to operate Warri and Kaduna refineries when they come on stream. Mr Niyi Akinsiju, Chairman of IMPI said this while addressing newsmen in Abuja on Wednesday. HeContinue Reading
By Kadiri Abdulrahman President Bola Tinubu has expressed the commitment of the Federal Government to enhance the independence of the Office of the Auditor-General of the Federation (OAuGF) for effective service delivery. Tinubu, who was represented by Sen. George Akume, Secretary to the Government of the Federation (SGF), said thisContinue Reading
By Salisu Sani-Idris President Bola Tinubu says his administration is restoring confidence in Nigeria economy through measures aimed at reducing inflation, stabilising the foreign exchange market, and improving fiscal management. Tinubu, represented by his Vice, Kashim Shettima, gave the assurance on Tuesday at the 17th Annual Chartered Institute of BankersContinue Reading
By Okeoghene Akubuike The Infrastructure Concession Regulatory Commission (ICRC) says it will henceforth issue Outline Business Case (OBC) Certificate of Compliance and Full Business Case (FBC) Certificate of Compliance within seven days. This follows a directive from President Bola Tinubu to the commission’s Director General, Dr Jobson Ewalefoh, “to accelerateContinue Reading
By Lucy Ogalue The Federal Government has granted UTM Offshore Limited a licence to construct a 2.8 million tonnes per annum (MTPA) Floating Liquefied Natural Gas facility. The Minister of State, Petroleum Resources (Gas), Mr Ekperipe Ekpo, said this during the issuance of the licence to the company in Abuja.Continue Reading
By Martha Agas The Federal Government has conducted a clearance operation at an illegal mining site in the Jaguna community of Yagba East Local Government Area of Kogi. Solid minerals development minister Dele Alake, in a statement by his media aide, Segun Tomori, said that the exercise was part ofContinue Reading
By Salif Atojoko Sen. Heineken Lokpobiri, Minister of State (Oil) Petroleum Resources, on Thursday, said the Federal Government was not responsible for the recent increase in the price of petrol across the country. The minister said this while briefing State House correspondents after a meeting with Vice-President Kashim Shettima. LokpobiriContinue Reading
By Constance Athekame The Transmission Company of Nigeria (TCN), says the Supervisory Control and Data Acquisition (SCADA) system that will effectively monitor, control field devices will be operational in fourth quarter of 2024, Mr Sule Abdulaziz, the Managing Director of TCN, said this in an interview with the News AgencyContinue Reading
By Constance Athekame The Transmission Company of Nigeria (TCN), says it has capacity to transmit 6,000 MWS of electricity to distribution load centres nationwide. Mr Sule Abdulaziz, the Managing Director of TCN said this in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday. Abdulaziz saidContinue Reading
