OWNERS of foreign-registered private jets, comprising top business moguls, leading commercial banks and other rich Nigerians, have dragged the Federal Government to court seeking to prevent the government from grounding their planes for allegedly refusing to pay import duty on…
THE Chief Executive Officer, Lagos Free Zone, Mr. Dinesh Rathi has expressed confidence that the integration of Lekki Port with Lagos Free Zone would be a major catalyst to bringing about huge economic fortunes for Nigeria. Rathi disclosed this during…
THERE were indications, weekend, that the prolonged petrol shortage in Lagos, Ogun and environs is worsened by illegal practices, especially arbitrary pricing and diversion, to unauthorised locations. Checks by Vanguard showed that some independent oil marketers, who complained about the…
MIXED reactions have continued to trail the unveiling of the redesigned naira notes. While some expressed anger that the Federal Government had abandoned its responsibilities and issues that demand immediate solutions, such as insecurity, fuel scarcity, increasing unemployment, and food…
OIL marketers, on Thursday, issued a stern warning to the public, asking them to expect to buy petrol at ‘any price’. Marketers, under the aegis of the Independent Petroleum Marketers Association of Nigeria that the Nigerian National Petroleum Company Limited…
Nigeria’s Gross Domestic Product, GDP, fell quarter-on-quarter (QoQ) by 1.78 percentage points to 2.25 percent in the third quarter of 2022 (Q3’22) from 3.54 percent recorded in Q2’22. The National Bureau of Statistics, NBS, disclosed this yesterday in its…
THE Central Bank of Nigeria (CBN) has gotten the node of President Muhammadu Buhari to unveil the redesigned high-denomination bank notes, in a frenzied twist to achieve the ambitious of unveiling the new N200, N500, N100 notes. The CBN had…
THE Governor of the Central Bank of Nigeria, Godwin Emefiele, on October 26, 2022, announced that new Naira notes would be introduced to replace the current 200, 500, and 1,000 Naira notes. Emefiele said the redesign will take effect from…
GOVERNOR of the Central Bank of Nigeria (CBN), Godwin Emefiele, says with the introduction of the redesigned Naira notes, no individual or organisatiin will be allowed to withdraw huge cash without being interrogated from relevant anti-corruption agencies. Emefiele stated this…
A World Bank trained policy analyst and former Chief of Staff to Governor Godwin Obaseki of Edo State, Taiwo Akerele has said that most of the development challenges of the country lies with the state governments in Nigeria who he…
