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FG begins certification processes for 5 proposed deep seaports
Federal Government has approved certification processes for five proposed deep seaports. Federal Government has approved certification processes for five proposed deep seaports in the country. The move is aimed at halting a reported loss of over 70 per cent of…
Tinubu appoints Aina to replace retiring Oloyede at JAMB
President Bola Tinubu has appointed Professor Segun Aina as the new Registrar of the Joint Admissions and Matriculation Board (JAMB) to replace the retiring Professor Is-haq Oloyede, whose two-term tenure expires on July 31, 2026. Prof. Aina who only turns 40…
Domestic carriers hike fares, despite slash in JET-A1 pump price by local refinery
Domestic airlines operators have hiked the price of flight tickets across all local routes. The increase comes barely one day after a local refinery had slashed the pump price of the JET A1 ( aviation fuel), as well as other…
Stock market losses N1.62trn, as CBN retains interest rate at 26.50%
Central Bank of Nigeria (CBN) has retained the country’s Monetary Policy Rate (MPR) at 26.50 per cent. The CBN Governor, Mr Olayemi Cardoso, who disclosed this during a press briefing at the end of the 305th Monetary Policy Committee (MPC) meeting…
FG introduces unified, mandatory tax ID for all Nigerians
Federal Government, through the Nigeria Revenue Service (NRS), formerly the Federal Inland Revenue Service (FIRS), has launched a compulsory Tax ID system for all taxable Nigerians and businesses. The new Tax ID framework will replace the existing TIN Validation API…
Lagos moves to scrap electricity band model, plans uninterrupted power supply
Lagos Government has announced plans to scrap the electricity customer band system introduced by the Nigerian Electricity Regulatory Commission (NERC). This it added is in line with efforts to achieve more stable power supply across the state. Under the framework introduced…
CBN opens N650bn offer for NTBs auction
Central Bank of Nigeria (CBN) has opened for offer N650 billion worth of Nigerian Treasury Bills (NTBs) at its scheduled auction, Wednesday in what marks the second issuance for the month under the Federal Government’s second-quarter borrowing programme. The auction,…
AIICO deepens commitment to education with upgrade of Learning Hall at CIFM
AIICO Insurance has announced the completion of upgrade of the ‘AIICO Hall’ located at the College of Insurance and Financial Management (CIFM) to a standard learning centre complete with modern facilities. The newly-upgraded hall is now outfitted with state-of-the-art multimedia infrastructure,…
DAPPMAN accuses Dangote Refinery of plotting private monopoly in fuel market
Responding to the recent lawsuit filed against the Federal Government by the Dangote Refinery over the former’s decision, last week, to license six companies to import petrol, the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has accused the Dangote…
Lagos clamps down on 15 money lending firms over infractions
Lagos Government says it has sanctioned at least 15 money lending companies for breaching operational regulations and engaging in activities considered harmful to their customers. This is also as the government disclosed that it renewed the existing operational licences of…
