Economy
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[ICYMI] Domestic prices plummeted due to a prohibition on cooking gas exports
The Federal Government’s ban on the export of Liquefied Petroleum Gas, popularly called cooking gas, has led to a crash in the cost of the commodity from about N1,500 per kilogram to around N900/kg, LPG dealers stated on Wednesday. Cooking gas dealers under the aegis of the Nigerian Association of…
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Femi Otedola tackles Jim Ovia, exposes ‘fraudulent transactions’ in Zenith Bank account
The face-off between Femi Otedola, billionaire businessman, and Jim Ovia, chairman of Zenith Bank, over an alleged multibillion naira fraud has taken a turn for the worse, TheCable understands. Otedola had accused Zenith Bank of unlawfully using the account of his company, Seaforce Shipping Limited, to trade in 2011 without…
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Nasarawa NLC, TUC join nationwide strike
Organized Labour in Nasarawa State has complied with the ongoing nation wide strike as directed by the national headquarters of the Nigeria Labour Congress and the Trade Union Congress. Speaking with newsmen in Lafia on Monday, the NLC chairman in the state, Ismaila Okoh, said all the affiliates of the union…
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May 29: Tinubu, Bago scored high in socioeconomic development by supporters
The National Coordinator Renewed Hope for Better Nigeria, Safiya Abdulkareem has scored President Bola Tinubu and Governor Mohammed Umar Bago of Niger State’s administrations high in critical sectors of the economy and their commitment to changing the socioeconomic status of the people. Abdulkareem stated this during a gratitude and prayers…
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Tomato price increase, scarcity due to infestation – Agriculture Minister
The Minister of Agriculture and Food Security, Senator Abubakar Kyari, has disclosed that the rise in the price of tomatoes is a result of an infestation known as Tomato Ebola, which reduced its availability. Kyari stated this in a post on X.com on Monday while responding to a user who…
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CIS, ASHON express concerns over bill seeking to modify CBN’s autonomy
Stakeholders in the capital market have voiced reservations about the proposed amendments to the Central Bank of Nigeria (CBN) Act No. 7 of 2007, warning of potential adverse economic consequences. In a statement signed by Joseph Kadiri, Team Lead, Public Relations and Internal Engagement, Group Communications and Partnerships of the…
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Court prevents 21 LGAs in Anambra’s from getting federal funding
A High Court of the Federal Capital Territory, FCT, Abuja, sitting at Apo, has barred 21 Local Government Areas, LGAs, in Anambra State from receiving allocations from the consolidated revenue funds. The court, in the ruling that was delivered by Justice Bello Kawo, restrained both the Accountant General of the…
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Transfer of electricity regulatory oversight to states continues- FG
The Federal Government has reversed its decision to halt the transfer of electricity regulatory oversight to state governments. The Minister of Power, Adebayo Adelabu, disclosed this on Monday during a two-day stakeholders workshop focused on the implementation of the Electricity Act, organised by the Nigerian Electricity Regulatory Commission in Lagos.…
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NSCDC uncovers new illegal refining sites in Rivers
The Nigeria Security and Civil Defence Corps has arrested nine individuals involved in oil theft at an illegal refinery located in a forested area on the boundary between Rivers and Abia States. This was disclosed by the NSCDC Public Relations Officer, Babawale Afolabi, in a statement issued on Monday in…
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FG authorizes institutes to certify individuals in data protection.
The Nigeria Data Protection Commission (NDPC) has granted the Institute of Information Management (IIM) a licence to conduct examinations and certify data protection professionals for global competitiveness. The national commissioner of NDPC, Vincent Olatunji, who said this on Monday while presenting a licence to IIM in Abuja, said this was…