The price of Liquefied Natural Gas (LPG), popularly called cooking gas which hit the roof top about five months ago selling at N8,500 per 12.5kg is set to crash to an all time low as the Board of Directors of the Nigerian Liquefied Natural Gas Limited (NLNG), has approved the supply of 100 per … [Read more…]
THE Plateau State chapter of the Peoples Democratic Party, PDP, and the ruling All Progressive Congress, APC, are at each other’s throats over plans by Governor Simon Lalong to spend N18 billion on British-American flyover. The PDP, which is contending that government should tackle insecurity in the state, alleged that the project was a … [Read more…]
Nigeria lost a whopping N630.57 billion in seven months of ban on Twitter operations in the country just as US, UK, EU welcome its return to Nigeria. This is according to statistics disclosed by Netblocks.org. The microblogging platform has welcomed Nigeria’s decision to lift the restrictions placed on its operations in the … [Read more…]
The Coalition of Northern Groups, CNG has reacted to the Proscribed Indigenous People of Biafra, IPOB’s ban on the consumption of ‘Fulani cows’ (beef) in South-East, calling for a total boycott of all businesses operated by the Igbo all over the North. CNG through its Spokesperson, Abdul-Azeez Suleiman, said that IPOB’s order issued … [Read more…]
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has unveiled the federal government’s strategic initiative for a robust revenue generation that would meet the federal government’s N10. 74 trillion target, with which to fund the 2022 budget. She said at the federal government’s 2022 Budget Public Presentation, in Abuja, on … [Read more…]
New Tax, Sugar Tax, to be paid on non-alcoholic Drinks-Finance Minister Ms Ahmed said the new ‘Sugar Tax’ was introduced to raise revenues for health related expenditures in line with the 2022 budget priorities. An excise duty of N10 per litre will now be charged on all non-alcoholic, carbonated and sweetened beverages, finance minister Zainab … [Read more…]
Okoh Aihe SO early in the year, there are plans and projections, hopes and promises, and optimism so strong in the air that life can be a sustained swan song. But there are also fears. People thinking that the kind of uncertainties and bloodletting we witnessed in the previous year may have … [Read more…]
The Federal Government is set to gazette the court order classifying bandits as terrorists, it was learnt yesterday. The November 26, 2021 judgment by Justice Taiwo Taiwo of the Federal High Court in Abuja has also become a critical factor in the deployment of Super Tucano aircraft in the fight against terrorists, … [Read more…]
THE usual hustle and bustle of the recently-concluded Yuletide season came with the harsh reality of the shortage of cash in Nigerian banks. This was evidenced by the unusually long queues at the ATMs with many of them not being functional, as well as the inundation of banks by customers who require cash … [Read more…]
Banks’ borrowings from the Central Bank of Nigeria, CBN, rose by 233 per cent, year-on-year, to N26.9 trillion in 2021 reflecting increased reliance on the apex bank to cope with the intense scarcity of funds which prevailed in the interbank money market for most part of last year. The CBN has two short … [Read more…]
Governor Samuel Ortom of Benue state has said N1billion has been earmarked for the payment of gratuity of workers in the state from the loan facility being extended to states by the federal government. He said he had also directed his Finance Commissioner as well as Accountant General of the state to ensure … [Read more…]
Nigeria Labour Congress (NLC) had after its organs’ meetings recently threatened to shut down activities nationwide should the Federal Government increase the pump price of petrol in 2022. Secretary General of the Association of Senior Civil Servant of Nigeria (ASCSN), Bashir Alade Lawal, in an interview with Daily Sun, yesterday, vowed that the threat by … [Read more…]