By Okeoghene Akubuike The National Bureau of Statistics (NBS) says the unemployment rate in Nigeria increased to 5.3 per cent in Q1 2024 from the 5.0 per cent recorded in Q3 2023. The NBS said this in its Nigeria Labour Force Survey for Q1 2024, released in Abuja on Tuesday.Continue Reading
By Lucy Ogalue Stakeholders at the Abuja International Trade Fair (AITF) have stressed the importance of efficient transportation networks in driving business success and ensuring economic growth. The emphasis was made during the official opening of the AITF in Abuja, where the theme “Mobility: Options for Transportation, Trade Financing, andContinue Reading
By Okeoghene Akubuike Dr Jobson Ewalefoh, the Director-General of Infrastructure Concession Regulatory Commission (ICRC) has said that the construction of the 3.5 billion dollar Bakassi Deep Seaport would soon begin. This is contained in a statement issued by Ifeanyi Nwoko, ICRC’s Acting Head of Media and Publicity in Abuja onContinue Reading
By Martha Agas The Federal Government has signed a Memorandum of Understanding (MoU) with the Russian firm, Tyazhpromexport (TPE), the original builders of the Ajaokuta Steel Plant, and members of its consortium in Moscow. The move is part of President Bola Tinubu’s administration’s efforts to resuscitate the steel company andContinue Reading
By Rukayat Moisemhe Stakeholders have called for increased investments in skills development, infrastructure and creative enterprises for Nigeria to fully harness the potential of its creative economy. The stakeholders made the call at the American Business Council (ABC) Creative Investment Forum with the theme: “Innovation Meets Imagination”. The eventContinue Reading
By Mercy Omoike The Federal Government on Wednesday embarked on weights and measures surveillance in Lagos State in a bid to promote consumer protection. The exercise is part of the government’s ongoing multi-sector surveillance across the country. The News Agency of Nigeria (NAN) reports that the surveillance isContinue Reading
By Okeoghene Akubuike The Federal Government, through the Infrastructure Concession Regulatory Commission (ICRC) is set to audit all Public Private Partnership (PPP) projects to ascertain their performance. Mr Ifeanyi Nwoko, Acting Head of Media and Publicity, ICRC, said this in a statement on Wednesday in Abuja. Dr Jobson Ewalefoh, Director-General,Continue Reading
By Constance Athekame The Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight of the electricity market in Kogi State to the Kogi State Electricity Regulatory Commission (KSERC), as announced on its website on Wednesday in Abuja. This decision aligns with the amended Constitution of the Federal Republic ofContinue Reading
By Lucy Ogalue The Federal Government of Nigeria has reiterated commitment to empowering consumers through enhanced standardisation practices, and ensuring access to safe and quality goods and services. Dr Doris Anite, Minister of Industry, Trade and Investment, who made the commitment, commended the Standards Organisation of Nigeria (SON) for itsContinue Reading
By Martha Agas The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has tasked the newly confirmed Deputy Comptroller-Generals (DCG) and Assistant Comptroller-Generals (ACG) on mentoring the service’s personnel. Adeniyi made the call during the investiture of the officers at the service headquarters on Friday in Abuja. The NewsContinue Reading
