News
The World Bank may approve a total of $1.13 billion in loans for Nigeria before the end of March 2025. The loans are part of ongoing efforts to support Nigeria’s economic resilience, health security, and education reforms. According to information published on the World Bank’s website, three key projects are at the stage of negotiation, […]
The Nigeria Employers’ Consultative Association (NECA) has strongly condemned the Financial Reporting Council of Nigeria (FRC) over the imposition of high annual dues on private and non-quoted companies. In a statement, NECA warned that the move could cripple businesses and stifle economic growth. According to NECA, the new policy significantly increased the annual dues of […]
The Standards Organisation of Nigeria (SON) has intensified efforts to enhance product certification and support manufacturers by decentralising its laboratory network and introducing a temporary Product Identification Scheme. Speaking at a stakeholders’ forum on the Mandatory Conformity Assessment Programme for all products manufactured in Nigeria and the Logo launch ceremony at MAN House on […]
The Nigerian Exchange commenced the new trading week on a positive note, recording a market capitalisation increase of N52.17bn. At the close of trading on Monday, the All Share Index inched up by 83.31 points to settle at 106,621.91 points, reflecting a year-to-date gain of 3.59 per cent. The overall market capitalisation stood at N66.8tn. […]
Lagos State Governor Babajide Sanwo-Olu has unveiled the Certified Accreditors’ Programme (CAP), a regulatory framework aimed at preventing building collapses and promoting sustainable urban development in Lagos. The governor launched the program at an event in Ikeja, emphasizing its role in safeguarding lives and property, while also driving economic growth and job creation. The CAP […]
A recent report by the National Bureau of Statistics (NBS) has revealed a staggering 105% increase in petrol imports in 2023, with the total value of imports reaching N15.04 trillion. This significant surge in petrol imports has raised concerns about Nigeria’s dependence on foreign fuel sources and the impact on the economy. The NBS […]
Recently, the CEO of Roseate Forte Limited and Group CEO of Jordan 105.5FM, and Jordan 93.9FM, Abuja, Dr. Lanre Johnson in the company of his team members, visited the Minister of Innovation, Science and Technology, Chief Uche Nnaji in his office at Abuja. The visit is part of a collaboration being sought by Roseate Forte […]
Following the Federal government’s directive on the need to move away from PMS to CNG, Lagos State Government through Safety Commission has organized three-day training for Vehicle Inspection/Safety Commission Officers. Speaking at the opening of the training programme at Dover Hotel, Aromire, Ikeja, the Director General, Safety Commission, Mr. Lanre Mojola, stated that the […]
For the second time in February 2025, Dangote Petroleum Refinery has reduced the ex-depot price of premium motor spirit (PMS), or petrol, bringing it down from N890 to N825 per litre. This N65 per litre decrease follows an earlier reduction of N60 per litre on February 1, 2025. The new price adjustment comes as a […]
The Academic Staff Union of Universities (ASUU) has called on the National Assembly to protect the Tertiary Education Trust Fund (TETFund) from being eliminated under the proposed Nigeria Tax Bill 2024. The union has raised significant concerns that the planned removal of education tax, which supports TETFund, could have detrimental effects on the country’s public […]
