By Angela Atabo The Independent Petroleum Marketers Association of Nigeria (IPMAN), has commended President Bola Tinubu for subsidy removal and tasked him on palliatives for Nigerians. Mr Debo Ahmed, National President of IPMAN, said this while addressing newsmen in Abuja . Ahmed said that for a long time IPMAN hadContinue Reading
By Okon Okon President Bola Tinubu has suspended the Central Bank Governor (CBN), Mr Godwin Emefiele from office with immediate effect. The Secretary to the Government of the Federation (SGF), Sen. George Akume, made this known in a statement on Friday in Abuja. According to Akume, this is sequel toContinue Reading
By Rukayat Moisemhe Economic experts have classified pensioners and public servants as those critical to benefit from fuel subsidy removal amid other economic issues. Dr Andrew Nevin, the Chief Economist, PriceWaterHouseCoopers (PwC), said this in a report on Friday from the Nairametrics Q2 2023 Economic Outlook Webinar. Nevin who commendedContinue Reading
By Naomi Sharang Forum of Commissioners for Finance of Nigeria has called on the Federal Government to ensure that all accruals from the removal of fuel subsidy go to the Federation Account. Outgoing Chairman of the Forum, Mr David Olofu made the call at a valedictory session for outgoing StateContinue Reading
By Lucy Ogalue Haul247, an end-to-end logistics tech platform connecting businesses to haulage and warehousing assets in one ecosystem, has raised 3 million dollars in a seed funding round. Sehinde Afolayan, the CEO of Haul247, said in a statement on Tuesday that the fund would be channeled into increasing itsContinue Reading
By Kadiri Abdulrahman, News Agency of Nigeria (NAN) On May 29, former President Muhammadu Buhari officially handed over presidential powers to President Bola Tinubu. In addition to assets Buhari also handed over to Tinubu is a N46.25 billion (103.11 billion dollars) domestic and foreign debt stock as well as N22.7Continue Reading
By Oluwafunke Ishola The shareholders of May & Baker Nigeria Plc have approved a total dividend of N517.57 million for the financial year ended Dec. 31, 2022. The News Agency of Nigeria (NAN) reports that the shareholders gave the approval at the company’s 72nd Annual General Meeting (AGM) on ThursdayContinue Reading
By Okeoghene Akubuike Nigeria recorded N927.16 billion trade surplus between January 2023 and March 2023, the National Bureau of Statistics (NBS) says. This is contained in the NBS Foreign Trade in Goods Statistics Report for Q1 2023 released in Abuja on Tuesday. In its report, the NBS saidContinue Reading
By Chiazo Ogbolu The Shipping Lines Association of Nigeria (SAN) says the moribund Shipping Lines Operators and Freight Forwarders Employers Association (SLOFFEA), will be resuscitated. It says the association will be resuscitated to handle the setting of minimum standard for payment in the maritime industry. The Chairman of SAN, MrsContinue Reading
By Vivian Emoni The new Permanent Secretary, Ministry of Mines and Steel Development, Dr Mary Ogbe, has pledged to strengthen the mines and steel industry in Nigeria by providing solutions to existing challenges. Ogbe made the commitment in Abuja on Friday, at a valedictory session organised by the ministry forContinue Reading
