economy

GMD NNPCL Ojulari performs his duties amidst resignation controversy

Group Chief Executive Officer (CEO), Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr Bayo Ojulari, reportedly resumed work on Monday, amidst the controversy surrounding his resignation. Ojulari also featured virtually…

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NRC: Report of vandalism of Lagos-Ibadan standard gauge line not true

The Nigerian Railway Corporation (NRC) has refuted an online report that the Lagos-Ibadan Standard Gauge Line has been vandalised and not safe for usage. The Managing Director of the corporation,…

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Naira looses 19 kobo against dollar at official market

The Naira on Friday closed the week slightly weaker, as it lost 19 kobo against the U.S. dollar at the official market trading at N1,533.74. Data released on the official…

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‎FEC approves N987bn to upgrade aviation facilities

The Federal Executive Council (FEC) has approved contracts worth N987 billion for extensive infrastructure upgrades at airports across Nigeria. Mr Festus Keyamo, Minister of Aviation and Aerospace Development, disclosed this…

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FG inaugurates CNG buses to boost staff welfare

The Federal Government has reiterated its commitment to institutional performance and staff welfare with the inauguration of Compressed Natural Gas (CNG) buses at the Federal Ministry of Finance in Abuja…

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FG to launch new home ownership initiative

The Federal Government is to launch a state-by-state home ownership and housing development campaign as part of the Renewed Hope Housing initiative. The Minister of Housing and Urban Development, Ahmed…

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Gowon urges African leaders to prioritise housing

Former Head of State, General. Yakubu Gowon, has urged African leaders to prioritise affordable housing as a key component of their sustainable development agendas. Gowon, represented by Prof. Suleiman Bogoro,…

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NRC alerts public on fraudulent booking platforms

The Nigerian Railway Corporation (NRC) has informed passengers to desist from patronising fraudulent booking platforms. Chief Public Relations Officer of NRC, Mr Callistus Unyimadu, who disclosed this, in a statement,…

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NRC nabs railway track components vandals in Katsina, Niger

The Nigerian Railway Corporation (NRC) has recorded significant breakthroughs in the fight against railway infrastructure vandalism with multiple arrests made in Katsina and Niger states.The Managing Director, NRC, Dr Kayode…

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NERC faults states on electricity tariffs fixing

The Nigerian Electricity Regulatory Commission (NERC) says Enugu Electricity Regulatory Commission (EERC) lacks the authority to determine electricity tariffs when the power is generated and transmitted from the national grid.NERC…

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