‘We have zero-tolerance for product counterfeiting’

The Director General of the Standards Organisation of Nigeria (SON) Mallam Farouk Salim addressed a news conference at the weekend to mark the World Standards Day. He spoke on the…

Senate Demands Supplementary Budget to Tackle Flooding

The Senate has asked the Federal Ministry of Agriculture and Rural Development to present a supplementary budget to the National Assembly following the destruction of farmlands and crops by the…

Use petrol subsidy money to support vulnerable households, IMF tells FG

The International Monetary Fund, IMF, has called on the Federal government to redirect the money spent on petrol subsidies to support vulnerable households to reduce the impact of food shortages…

2023 budget: FG to expend N4.3bn on purchase of trains

The Federal Government has proposed to spend a total of N4.3 billion in its N20.51 trillion budget on the purchase of trains to expand railway services across the country. This…

Nigeria’s refineries lose 218 workers, post N69bn loss

The number of workers at Nigeria’s refineries fell by 218 within a year, while the facilities posted a cumulative comprehensive loss of N69.03bn during the review period, data from their…

CBN Reads Riot Act on Access to Discount Window

The Central Bank of Nigeria (CBN) yesterday insisted that certain categories of its authorised dealers are not allowed to access the discount window on specified transactions. The central bank stated…

NEITI cautions Nigeria against hasty energy transition

The Nigerian Extractive Industry Transparency Initiative (NEITI) has warned against hasty energy transition. Its Executive Secretary, Orji Ogbonnaya Orji, who gave the warning at the National Dialogue on Energy Transition…

NGX Group Announces Kwairanga as New Chairman

The Nigerian Exchange Group Plc (NGX Group) yesterday announced that its Board has appointed Umaru Kwairanga as the new Chairman at a meeting held in Lagos. Prior to Kwairanga’s appointment…

CBN disburses N2.1tr to real sector

The Central Bank of Nigeria (CBN) says it has disbursed N2.1 trillion to 426 projects to support the real sector of the economy. Director, Corporate Communications Department of the CBN,…

2023 budget open to adjustments before Friday’s presentation —Presidency

BARELY 48 hours to the presentation of the 2023 Appropriation Bill to the joint sitting of the National Assembly by President Muhammadu Buhari, the Presidency said yesterday that proposal could…