The Straight Paths
The federal government has signed a memorandum of understanding (MoU) with Mota- Engil Group, a multinational engineering and construction company, for the construction of $1.959 billion Kano to Maradi (Niger … Continue Reading FG signs MoU on $1.96bn Kano-Niger Republic rail project
Nigeria’s National Identity Management Commission has said correction of details in the National Identity Number (NIN) would come with varying charges. The NIMC Regional Coordinator in Alausa, Lagos, Funmi Opensanwo, … Continue Reading NIN: Nigerians to pay N25,000 for correction of date of birth, name, card replacement
Integrated Logistics Services Limited (Intels) says its business is not affected by political influences from the Buhari administration. Atiku Abubakar, former vice-president, on Monday, announced that he hadsold off his … Continue Reading Intels refute Atiku’s claim, says Buhari govt not hindering business
The Nigerian Electricity Regulatory Commission (NERC) has approved an increase in electricity tariff across the country. According to a directive issued on December 31, 2020, and signed by Sanusi Garba, … Continue Reading NERC approves new hike in electricity tariff
•Ex-VP sells shares for $100m, may be ready for another presidential bid Former Vice President Atiku Abubakar has divested from Integrated Logistic Services (INTELS) Nigeria Limited, the country’s largest logistics … Continue Reading Atiku Abubakar No Longer Our Shareholder — Says Intels
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) says subscribers with a national identification number (NIN) can now replace their lost or damaged subscriber identification module (SIM) cards. This … Continue Reading Telcos: Subscribers with NIN can now replace their lost, damaged SIM cards
This is following the decision of the Lagos State Government to take over the control of Apapa gridlock from the Federal Task Force. Freight forwarders are not convinced that the … Continue Reading Fear, anxiety as Lagos seeks control over Apapa gridlock
Kwara State Commissioner for Finance and Planning, Mrs Florence Oyeyemi, has said the government will soon establish cottage industries in all the 16 Local Government Areas of the state. Oyeyemi … Continue Reading Kwara set to establish cottage industries in 16 councils
The rising number of countries gradually shifting from fossil fuels and encouraging the adoption of electric vehicles may pose a major threat to Nigeria’s crude oil exports. Sales of electric … Continue Reading Nigeria’s Oil Faces Threat As Electric Vehicle Sales Rise
The Central Bank of Nigeria has directed the Deposit Money Banks to close all naira accounts of International Money Transfer Operators. It disclosed this on Friday in a circular tilted … Continue Reading CBN orders closure of money transfer operators’ naira accounts
The Federation Accounts Allocation Committee (FAAC) has shared a total of N601.110 billion November 2020 federation account revenue to the Federal, States and Local Government Councils and agencies. According to … Continue Reading FAAC Shares N601bn December 2020 Revenue To FG, States And LGs
The House lauds the intention of the NCC, for security reasons but wants the process to be extended to 10 weeks. The House of Representatives has asked the National Communications … Continue Reading Reps Ask NCC To Extend Deadline On Blocking SIM Cards Without NIN
The Federal Government has issued an ultimatum to all telecommunications operators in the country to block all Subscriber Identification Modules (SIMs) without National Identification Number (NIN). It also ordered the … Continue Reading Block SIMs Without NIN After Two Weeks, FG Tells Telcos
Eight Nigerian banks have earned a total of N26.73bn from commissions charged on Letters of Credit issued for international trade transactions from January to September. Analysis of the third-quarter financial … Continue Reading Eight banks earn N26.73bn from international trade transactions
“The urban inflation rate increased by 15.47 percent (year-on-year) in November 2020 from 14.81 percent recorded in October 2020.” Nigeria’s headline inflation has increased for the 15th consecutive month to … Continue Reading Food Prices Increase As Nigeria’s Inflation Hits 14.89%
The Federal Government has disbursed N3.18 billion to 101,567 employees as payroll support. The Minister of State for Industry, Trade and Investment, Ambassador Mariam Yelwaji Katagum, said the payroll support … Continue Reading FG Disburses N3.18bn To 101,567 Employees
