FG Introduces Insurance Coverage for Steel Projects  The Federal Government, through the newly created Ministry of Steel Development, has announced a comprehensive insurance coverage for all ongoing steel projects within the country. The Minister of Steel Development, Shuaibu Abubakar Audu, made this declaration on Tuesday during...

Capital Market Closed Big as NGX ASI Hits 15-year High The Nigerian capital market closed big in trading today as the All Share Index (ASI) hit a 15-year high. The All-Share Index of Nigerian Exchange Limited (NGX) had risen by 0.51 percent to 66,490.34 points from...

FG to Increase Tax on Beverages from 10% to 20% The Federal Ministry of Health has expressed commitment to increase the tax on Sugar-Sweetened Beverages (SSBs) from the current rate of 10 per cent to 20 per cent to curb the rising public health concerns...

N250bn Gas Expansion Fund Dormant for Four Years, Says NGEP Chair The Chairman of National Gas Expansion Programme (NGEP), Dr. Mohammed Ibrahim, disclosed that the N250bn National Gas Expansion Programme (NGEP) fund has remained dormant in the Central Bank of Nigeria (CBN) in the last...

Cost of Governance: Tinubu Bars Officials Without Roles from UNGA  President Bola Tinubu has directed the ministry of foreign Affairs to freeze the processing of visas for government officials who have no business at the United Nations General Assembly (UNGA) in New York. A statement signed...

Oil Production Falls 14.69% to 1.22 mb/d in H2,2023 — NBS The Nigerian Bureau of Statistics (NBS), said Nigeria’s average oil production dropped by 14.69 per cent year-on-year, YoY to 1.22 million barrels per day, mb/d in the second quarter of 2023. The NBS revealed this...