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FG Launches E- ticket Platform for Lagos-Ibadan, Warri/ Itakpe Line

FG Launches E- ticket Platform for Lagos-Ibadan, Warri/ Itakpe Line The federal government has launched an e- ticketing system for passengers travelling through Lagos-Ibadan as well as Warri/ Itakpe rail corridors. The Minister of Transportation, Senator Sa’idu Alikali, on Monday, performed the official launching ceremony in...

FG Canvasses for Production of Electric Vehicles, Renewable Energy, Others

FG Canvasses for Production of Electric Vehicles, Renewable Energy, Others The federal government, on Monday announced that it would leverage cleaner energy to promote environmentally-conscious industries, such as renewable energy, electric vehicles, and sustainable agriculture as part of its energy transition strategy. It said the industries,...

2023: FEC Approves N2.2tn Supplementary Budget

2023: FEC Approves N2.2tn Supplementary Budget The Federal Government has approved a N2.18tn supplementary budget for the 2023 fiscal year. This would fund urgent issues including national defense and security. The supplementary funding was also targeted at providing welfare packages for workers and Nigerians at large. The...

Food Prices Rise by 26.76% in September – Report

Food Prices Rise by 26.76% in September – Report The National Bureau of Statistics says prices of beef, rice, beans, onion, yam and other food items increased in September. It stated this in its selected food prices watch report for September 2023 released in Abuja on...

Tinubu Calls for N2tn Discos’ Recapitalisation, Tariff Review

Tinubu Calls for N2tn Discos' Recapitalisation, Tariff Review President Bola Tinubu says Nigeria’s power sector privatisation had failed to meet its objectives, as the national grid was serving only about 15 per cent of the country’s electricity demand despite being privatised 10 years ago. Tinubu, who...

‘New FX Rules to Strengthen Naira, Regain Value in December’

'New FX Rules to Strengthen Naira, Regain Value in December' The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has assured Nigerians that the ongoing plan by the Federal Government to introduce new foreign exchange rules will reflect the true...