Business

By: Highcelebritysquard      Minister of Transportation, Mu’azu Sambo, said the Federal Government would soon officially declare the proposed Ondo seaport facility as a deep seaport, to herald the commencement of other processes at the facility. Sambo, in a statement by his Director of Press and Public Relations, Mr Eric Ojiekwe, gave the indication when

By: Highcelebritysquard      Economists have warned that Nigeria’s ailing economy might be worsened as political parties and their candidates begin electoral campaigns for the 2023 general elections. The economists especially warned that the aftermath of the possible excess liquidity in the system by politicians, occasioned by electioneering, might further increase the inflation rate and

By: Highcelebritysquard      The Central Bank of Nigeria says its Monetary Policy Committee’s decision to increase Monetary Policy Rate is to control rising inflation. CBN’s Director, Monetary Policy Department, Hassan Mahmoud, said this on Wednesday at a post-MPC briefing tagged: “Unveiling Facts behind the Figures’’. The MPC, in its 287th meeting on Tuesday, had

By: Highcelebritysquard      The President-General, Nigeria Union of Railway Workers, Innocent Ajiji, has said that the installation of online ticket bookings and baggage scanners at the Lagos-Ibadan train station is a work in progress. He, however, stated that he was not sure of the management’s plan to introduce point of sales to the service.

By: Highcelebritysquard      Vice President Yemi Osinbajo, on Monday, said the current regime would set up mechanisms to ensure that the momentum built in the micro, small and medium enterprises since 2015 is maintained beyond its exit in 2023. “We will make sure that we provide everything that is required to enable the incoming

By: Highcelebritysquard      The Executive Vice Chairman and Chief Executive of the National Agency for Science and Engineering Infrastructure, Prof. Mohammed Sani Haruna, on Monday unfolded plans to end the nation’s reliance on foreign artisans. He said the President, Major General, Muhammadu Buhari, had given an order to the agency to equip Nigerian youths

By: Highcelebritysquard      Ogun State Government says it has entered into a partnership with the World Bank to facilitate fairness in access to agricultural land in the state. The State Governor, Dapo Abiodun, disclosed that the partnership under a policy tagged, ‘Framework for Responsible and Inclusive Land-intensive Agricultural Investments’, would ensure equal opportunity for

By: Highcelebritysquard      Many Nigerian travellers who were looking to fly into the country have been left stranded after an air traffic control strike grounded flights in and out of West and Central Africa on Friday. According to a Reuters report, staff at the Agency for Aerial Navigation Safety in Africa and Madagascar, which

By: Highcelebritysquard      The Federal Government says that in order to attain its National Development Plan and improve Nigeria’s economic outlook, it will require N298.3tn capital investment commitment from the private sector. It says the total investment needed between 2021 and 2025 is N348tn, but only N49.7tn (14.3 per cent) is expected to come

By: Highcelebritysquard      The President, Major General Muhammadu Buhari (retd.), on Thursday in New York, told foreign investors that Nigeria’s economy was ripe for increased investment. This was as he lamented the reduced private capital inflows, especially Foreign Direct Investment for infrastructure and natural resource access projects. He noted that Nigeria would require an