Month: March 2024

5 things to know about Lagos Red Line Rail Project

President Bola Tinubu has inaugurated the Red Line Rail Project in Lagos. The project, an intra-state rail service aimed at improving transportation within the city, spans 37 kilometres. The Red Line Rail Project in Lagos, Nigeria, represents a significant infrastructure development aimed at improving transportation within the city. Here are five key aspects worth noting […]

Confusion over NIN, BVN link to bank accounts

Confusion reigned in the banking industry yesterday as some banks restricted access to bank accounts not linked to the National Identity Number, as directed by the Central Bank of Nigeria, CBN. The CBN had in a circular on December 1st 2023, directed that banks should place restrictions on all Tier 1 bank accounts without BVN. […]

FG’s 10-man panel to probe foreign airlines over high fares

In a bid to make air travel more affordable for Nigerians, the Nigeria Civil Aviation Authority, Chris Najomo, has set up a 10-man committee to probe foreign airlines over skyrocketing fares. This was disclosed in a press statement released to journalists on Thursday, signed by Director-General, NCAA, Chris Najomo, following a two-day meeting between NCAA […]

Lagos State Government Moves to Tackle Land Grabbing

….prohibits forceful entry and illegal occupation of landed properties In a bid to curb and tackle the unscrupulous activities of land grabbers in the State,the Lagos State Government through the Lagos State Special Taskforce on Land Grabbers under the State Ministry of Justice, on Tuesday , organized a stakeholders meeting, Themed: Safeguarding Possessory Rights in […]

FG pays $120m from gas debts as blackout spreads

The Federal Government has paid $120m out of the $1.3bn indebtedness to gas companies for the supply of gas to run gas-fired power plants across the country. Nigeria is currently suffering from low power supply because many gas suppliers have reduced, while others stopped supplying the commodity to power-generating companies due to the indebtedness of […]

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