Month: February 2024

FG Declares War on FX Speculators as Naira Slides to N1,830 to Dollar

•Deploys ONSA, CBN, Police, EFCC, Customs, NFIU to combat speculative activities   •Tinubu Says $10bn FX inflow coming •President declares govt will create millions of jobs, unlock trillions in public wealth to boost economy  •Shettima: Some forces hell-bent on plunging country into anarchy    •NACCIMA writes CBN Gov, minister of trade, proffers Strategies to address naira slide, […]

HARDSHIP… Presidency Blames Economic Saboteurs For Food Crisis

Presidency has accused unscrupulous Nigerians of working to undermine President Bola Ahmed Tinubu administration to revamp the Nigerian economy. It declared that smugglers and politicians were the brains behind the attempt to pull the nation backward. The presidency condemned the decades of mismanagement and underutilisation of the country’s assets within and outside the borders, leading […]

Lagos govt defends move to relocate Computer Village

The Special Adviser to the Lagos State Governor on eGIS and Urban Development, Dr. Olajide Abiodun Babatunde, has defended the move by the State Government to relocate the Computer village from Ikeja to Katangua area of the state. Speaking during an on-site evaluation of Computer Village in Ikeja on Tuesday Babatunde said the relocation was […]

Motorists lament poor drainage as flood submerges Lagos roads

Some of the motorists and traders who spoke with our correspondents attributed the flooded roads and pathways to the poor drainage system in the state. The downpour also led to a heavy flow of water that our correspondents witnessed in many parts of Ikeja and Alimosho local government areas of the state. At Ilupeju, PUNCH Metro noticed […]

FG to install biometric gates at int’l airports in March

The Federal Government has concluded plans to install biometric clearance gates for the Nigeria Immigration Service at the international airports in the country. The gates are expected to be ready at these airports by March 2024. The international airports in Nigeria where the facilities will be installed are the Murtala Muhammed International Airport in Lagos, […]

Many Nigerians can no longer afford beer -NB CEO

The Chief Executive Officer of Nigerian Breweries Plc, Hans Essaadi, has said that the economic situation in Nigeria has deteriorated to the extent citizens can no longer afford to buy beer. Essaadi said this on Monday at the company’s investor call following the release of its 2023 results. “It has been unprecedented year for our […]

FG to Determine Food Prices, Commits to Food Security

The federal government has announced that plans have been concluded on the determination of food prices in Nigeria. The Minister of Agriculture and Food Security, Senator Abubakar Kyari, who disclosed this in Abuja also gave hints on the projects and initiatives the federal government to stem the rising cost of food in the country. Kyari […]

UPDATED: Manufacturers list conditions to slash rising cement price

Cement Manufacturers have agreed to sell a 50kg bag of cement at a retail price between N7,000 and N8,000, depending on location nationwide, The PUNCH reports. However, the manufacturers stated that the price drop from the current market price would depend on the fulfillment of certain government interventions to ameliorate critical challenges faced in the […]

Labour mobilises for protest, tanker drivers strike triggers fuel queues

The organised Labour on Monday began mobilising its members for a nationwide protest slated for February 27 and 28 over the cost of living crisis in the country. Sources in the leadership of the Nigeria Labour Congress told our correspondents that the National Executive Council met via Zoom on Friday, February 16, to review the […]

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