The Manufacturers Association of Nigeria (MAN) has disclosed that the hike in the monetary policy rate (MPR) by the Central Bank of Nigeria (CBN) will have a ripple effect on manufacturers. This was contained in a statement issued on Thursday by Segun Ajayi- Kadir, director-general, MAN. The policy-setting committee of …
Read More »
The United Arab Emirates (UAE), says it is committed to ensuring the growth of its relationship with Nigeria because it believes in the country’s will to develop. The UAE spoke through its Ambassador to Nigeria, Dr Fahaq Al Taffaq, when he received a frontline presidential aspirant under the platform of …
Read More »
Shipside Drydock Limited has restated its intention to change the narrative in Nigeria’s maritime industry with its quality and prompt delivery of projects, as against the notion that Nigeria’s drydock sector is incapacitated by various challenges which has prevented it from contributing to the nation’s economy. It intends to achieve …
Read More »
The Nigeria Liquified Petroleum Gas Association (NLPGA) has provided the reason for the unsteady cost of cooking gas. The President, Nuhu Yakubu spoke during a visit to former President Olusegun Obasanjo in Abeokuta, the Ogun State capital. Yakubu said the fluctuations in the LPG price were caused by the local …
Read More »
Lagos State Governor, Babajide Sanwo-Olu, has said there’s no going back on the ban imposed on motorcycles in some areas of the state. He said the state government will proceed with its proposed ban on motorcycles on highways and six local governments and nine Local Council Development Areas from June 1. …
Read More »
The Federal High Court, Lagos Division has restrained a former chairman of the National Union of Road Transport Workers (NURTW) Lagos branch, Alhaji Musilu Akinsanya, a.k.a. MC Oluomo and seven others from collecting union dues and levies from commercial drivers that are non-union members in all motor parks in Lagos …
Read More »
The policy-setting committee of the Central Bank of Nigeria (CBN) has voted to raise the monetary policy rate (MPR), which measures interest rate, to 13 percent to tame rising inflation. The monetary policy rate (MPR) is the baseline interest rate in an economy, every other interest rate used within an …
Read More »
Economically engaging the youths is key to tackling Nigeria’s insecurity and other social vices, says Mr. Tein Jack-Rich, a presidential aspirant of the All Progressives Congress (APC). Jack-Rich stated this on Sunday in Owerri, in an interview with newsmen. The 47-year-old Rivers-born businessman said youths had been forced to go …
Read More »
Tein Jack-Rich, an All Progressives Congress (APC) Presidential Aspirant, has received accolades over his conferment with the traditional title of Ebubedike Ndigbo, by the Ohafia Kingdom in Abia State. Jack-Rich, who was on a consultative visit to the South East, ahead of the APC presidential primary, was conferred with the …
Read More »
Metering electricity consumers has remained a serious challenge in Nigeria’s electricity market as utility companies struggle to fill the gap eight years after the sector was handed over to private investors. Data from the Nigerian Electricity Regulatory Commission (NERC) has shown that at least 8.1 million of the country’s current …
Read More »
