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Economy

49 Results / Page 1 of 6

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Economy

Senator Orji Uzor Kalu Assures Nigerians of Tinubu’s Efforts to Tackle Hunger and Economic Challenges

A Senator representing Abia North at the National Assembly, Orji Uzor-Kalu says President Bola Tinubu is aware of the current hunger in the country and was taking bold decisions to reverse the situation. Kalu made this known yesterday at Ekoli, Edda Local Government Area of Ebonyi during a New Year visit to the state Chairman of the All Progressives Congress, APC, Stanley Okoro-Emegha. The Former Abia State governor said he […]

todayJanuary 3, 2025

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Economy

NNPCL Invites Former President, Obasanjo, To Tour Port Harcourt Refinery.

The Nigerian National Petroleum Company Limited, NNPCL has invited former President Olusegun Obasanjo to tour the Port Harcourt Refinery and witness firsthand the progress made under NNPC Limited's leadership. Recall that Obasanjo recently questioned the operational capacity of the Port Harcourt refinery, which recently resumed operations. However, NNPCL, in a statement yesterday, disclosed that it extended an invitation to Obasanjo with the intention of allowing him to assess the operational […]

todayJanuary 3, 2025

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Economy

Organized Labour Advocates For National Minimum Wage Increment In 2025.

The Organised Labour has stated that it is advocating for an annual increase in the 70,000 Naira minimum wage paid to workers in Nigeria. This was made known yesterday by the chairman of the Trade Union Congress, TUC, Festus Osifo, explaining that what the union is advocating for is that, if, the inflation rate is 35 percent, that percentage should be applied to the 70,000 Naira minimum wage to make […]

todayJanuary 2, 2025

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Economy

Governor Fubara Presents Rivers State’s 1.2 Trillion Naira 2025 Budget for Inclusive Growth and Development

The Governor of Rivers State, Siminalayi Fubara yesterday presented the 2025 budget proposal of 1.2 trillion Naira to the Victor Oko-Jumbo-led Rivers State House of Assembly. Fubara, while presenting the Appropriation Bill, tagged Budget of Inclusive Growth and Development, at plenary, said the proposed 2025 budget comprises Recurrent Expenditure of 462 billion Naira and Capital Expenditure 678 billion Naira, reflecting a 44 percent to 56 percent ratio. He outlined the […]

todayDecember 31, 2024

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Economy

Minister Uche Nnaji Highlights Tinubu’s Vision for Nigeria, Criticizes Enugu’s 2025 Budget as Unrealistic

The Minister of Innovation, Science and Technology, Uche Nnaji has assured Nigerians that President Bola Tinubu is focused and determined to better the fortunes of the country. Nnaji, who stated this in his country home, Akpugo, Nkanu West Local Government Area of Enugu state during a get-together for the chieftains of the All Progressives Congress in the state, described President Tinubu as a leader, who is trying to rejig the […]

todayDecember 31, 2024

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Economy

President Tinubu Commends NNPCL Over Restarting of Operations at Warri Refinery.

President Bola Tinubu has expressed delight about the re-opening of the Warri refinery after years of rehabilitation. Earlier, the Group Chief Executive Officer of Nigerian National Petroleum Company Limited, Mele Kyari, yesterday announced that the 125,000 barrel per day Warri Refinery has restarted operation. Reacting, president Tinubu through his spokesperson, Bayo Onanuga described the reopening of the Warri Refining and Petrochemical Company as another significant achievement in 2024 which he said […]

todayDecember 31, 2024

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Economy

NNPCL DENIES OWING FOREIGN OIL TRADERS

The Nigerian National Petroleum Company Limited (NNPCL) has debunked a report claiming that it owes international oil traders $6.8 billion. The Chief Corporate Communications Officer of NNPCL, OLUFEMI SONEYE, in a statement, also denied claims that the NNPCL has not remitted funds into the federation account since January, insisting  that the NNPC Ltd. and all its subsidiaries always remit their taxes to the Federal Inland Revenue Service (FIRS).  On the issue of […]

todayAugust 19, 2024

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Economy

NAIRA APPRECIATES AGAINST DOLLAR AT OFFICIAL FOREX MARKET

Data released by the Financial Markets Dealers Quotations, FMDQ shows that naira has continued to appreciate against the dollar at the official foreign exchange market, gaining N2.9 at N1593.62 per dollar on Thursday from the N1596.52 exchanged on Wednesday.  Analysts say the data shows that the naira had a positive performance yesterday at both official and parallel foreign exchange markets. The development comes as the Central Bank of Nigeria commenced, the Retail Dutch Auction System, where it sold $876.26 […]

todayAugust 9, 2024

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Economy

ENUGU STATE IPMAN FAULTS NNPC FOR SCARCITY OF FUEL.

The Chairman, Independent Petroleum Marketers Association of Nigeria IPMAN in Enugu state CHINEDU ANYASO says the scarcity in supply of Premium Motor Spirit also known as petrol within major cities in Nigeria, is solely the responsibility of Nigerian National Petroleum Corporation NNPC. CHINEDU, who appeared yesterday on the URBAN RADIO political program THE PARLIAMENT reiterated that the availability of fuel is determined by NNPC. He further noted that marketers can only sell when petrol is made available by the NNPC, adding that there is no operational refinery within the country.  A Developmental Scientist CHIGOZIE ANARODO who also featured […]

todayMay 1, 2024

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