UN report says Africaâs growth to increase in 2024
Africaâs growth rate is projected to slightly increase from 3.3 per cent in 2023 to 3.5 in 2024, while global growth is expected to slow down. Global growth is expected to slow down from 2.7 per cent in 2023 to 2.4 per cent in 2024. The UNâs World Economic Situation and Prospects (WESP) report for […]
NPF orders for immediate suspension of the activities of POCACOV
The Nigeria Police Force has ordered the immediate suspension of the activities of the Police Campaign Against Cultism and Other Vices (POCACOV), a community policing initiative and public relations tool within the Force Public Relations Department of the Nigeria Police Force. Acknowledging the crucial role of POCACOV in advancing community engagement and tackling social vices, […]
FG directs OAGF to commence 50% deduction from IGR of FGOEs
In a move to plug leakages and shore up revenue, the federal government has directed the Office of the Accountant General of the Federation (OAGF) to immediately commence the presidential directives on 50 per cent automatic deduction from the internally generated revenue (IGR) of Federal GovernmentOwned Enterprises (FGOEs). The CRF is an account in which […]
FG promises to deliver the uncompleted section of Abuja-Kaduna expressway
The Federal Government has once again, promised to deliver the uncompleted section of the Abuja-Kaduna before the end of the year. Speaking in a meeting with all directors of the ministry yesterday in Abuja, the Minister of Works, David Umahi, assured that the ministry is ready to conquer all contractual obstacles and ensure delivery of […]
Federal Government extends free train rides till January 7
The Federal Government has extended the free rides for commuters on all train services to Sunday, January 7, 2024. The Nigerian Railway Corporation had announced the commencement of the free train ride on Thursday, December 21, 2023 for all its passenger services, following the directive of President Bola Tinubu. The announcement indicated that the free […]
Sierra Leone’s ex-president Bai Koroma, charged with treason
Sierra Leone’s ex-President Ernest Bai Koroma has been charged with four offences including treason for his alleged role in a failed military attempt to topple the West African country’s government in November. A court in the capital Freetown affirmed this yesterday, although the decision could escalate tensions in Sierra Leone coming after the attempted coup […]
NNPC Assures Nigerians No plan to Increase PMS Prices
The Nigerian National Petroleum Company (NNPC) Ltd. has assured the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. NNPC Ltd. urges Nigerians to disregard unfounded rumours and assures them that there are no plans for an upward review of the PMS price. According to […]
FG sets to extend sanction of foreign universities to more countries
Following the SUSPENSION of âaccreditation and evaluationâ of degree certificates from Benin Republic and Togo, the Federal Government said the sanction would be extended to more countries like Uganda, Kenya and Niger Republic. The development was confirmed by Education Minister, Tahir Mamman during an interview on Wednesday. An undercover journalist had detailed how he acquired […]
NNPC denies having dispute with independent petroleum marketers over an alleged subsidy on PMS
The Nigerian National Petroleum Company (NNPC) Limited has denied that it had a dispute with independent petrol marketers over an âalleged subsidyâ on Premium Motor Spirit (PMS). There were reports that fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria clashed with the NNPC over whether the government was still paying […]
CBN discloses new guidelines for cash withdrawals
The Central of Nigeria has disclosed that Cash withdrawals will not be possible from accounts opened for virtual and digital assets transactions. It revealed this in a new âGuidelines on Operations of Bank Accounts for Virtual Assets Service Providers.â According to the bank, Withdrawals from these accounts will only be possible by transfer or through […]