Author: Broad Admin

Page: 4

Nigeria’s inflation rate hit an almost 17-year high as the price of goods and services increased further by 20.52 per cent in the month of August 2022 from 19.64 per cent recorded in the previous month. According to report by the National Bureau of Statistics (NBS) on Thursday this represents the highest rate since September […]

The Nigerian Government and the French Development Agency (AFD) have signed a grant agreement of €25 million for the Northern Corridor Project jointly funded by the European Union and the AFD. The Minister of State for Budget and National Planning, Prince Clem Agba, and the AFD Country Director in Nigeria, Xavier Muron, signed the agreement […]

The Minister of State for Petroleum Resources, Timipre Sylva, has restated Federal Government’s commitment to revive the Old Port Harcourt Refinery in River State by December, 2022. According to PUNCH, Sylva who hinted this at the end of the Federal Executive Council meeting presided over by the President, Major General Muhammadu Buhari (retd.) at the […]

House of Representatives Speaker, Femi Gbajabiamila has said President Muhammadu Buhari is expected to present the 2023 budget to the National Assembly in October. Gbajabiamila gave the hint on Wednesday after inspecting hearing rooms 028 and 234 of the House. The rooms will serve as the temporary chamber due to the ongoing renovation of the […]

The Nigerian Senate has stated that 400 out of 541 federal government ministries, departments and agencies will be scrapped in 2023 following a recommendation by the presidential committee on agency rationalisation. The Chairman of the Senate Committee on Finance, Senator Olamilekan Adeola on Wednesday at a 2-day interactive session with members of the Senate Committee […]

The Senate Adhoc Committee on Oil Theft said it had bugun investigations into oil theft and illegal bunkering activities in the Niger Delta region. Chairman of the Committee, Bassey Akpan, said this while answering questions from journalists on arrival at the Port Harcourt International Airport. Akpan said massive stealing of Nigeria’s crude oil, which had […]

The Nigeria Senate yesterday rejected the 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) which proposed a N12.43 trillion deficit and N6 trillion tax and import duty waivers in the N19.76 trillion budget. The Upper Legislative Chamber of the National Assembly, also directed the Nigeria Customs Service (NCS) to carry out a downward […]

The Nigerian Government has revealed it has recovered the sum of N2.6 trillion revenue from oil firms through the Nigeria Extractive Industries Transparency Initiative (NEITI) intervention. This was disclosed by Dr Orji Ogbonnaya Orji, Executive Secretary of NEITI, on Tuesday in Abuja at its Civil Society Organisations (CSO) and media engagement on Extractive Industries Transparency […]

Nigeria’s oil production plunged to 972,000 barrels per day in August 2022, as Angola and Libya overtook Nigeria by producing higher volumes of crude during the review month, the Organisation of Petroleum Exporting Countries has said. OPEC disclosed this in its September 2022 report, confirming the figures released recently by the Nigeria Upstream Petroleum Regulatory […]

The Lagos State Government (LASG) has served a seven-day ‘Removal Order’ notice to owners/drivers of trucks, tankers and trailers illegally parked under the Costain Bridge to Iganmu Area of the state. The state government gave the ‘Removal Order’ to those affected due to the level of degradation on the infrastructure in that axis prompting a […]


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