NPA Earmarks $1.1bn for Port Rehabilitation   The Nigerian Ports Authority (NPA), on Tuesday, said it is committed to investing about N890 billion ( $1.1 billion) in the rehabilitation of all the seaports in Nigeria. Mohammed Bello Koko, the Managing Director of NPA, disclosed this during a...

'Nigeria Loses $100bn Annually to Climate Change'   Climate change costs Nigeria about $100bn annually, an Agora report has stated. “The report titled “Climate Change and Socio-Economic Development in Nigeria, “ noted that climate change was increasing hunger, poverty, disease burden, migration, conflict, and insecurity in Nigeria,...

Price of Rice Increases 60%, Yam 45% as Transport Fare Spikes — NBS Report   The National Bureau of Statistics (NBS) yesterday, said the price of one kilogram (kg) of local rice sold loose increased year-on-year (YoY) by 60.5 percent to N757.06 in September 2023 from...

2023 Supplementary Budget: Tinubu Prioritises Nigerians Security    The N2.176trn 2023 supplementary budget proposal by President Bola Tinubu, submitted to the House of Representatives on Tuesday, prioritised the security of Nigerians and their property as defense got the highest allocation of N476.543bn. Given the activities of bandits...

LIRS Shuts 34 Companies Over N356.12m Unremitted Taxes   The Lagos State Internal Revenue Service (LIRS) has closed down 34 corporate organisations for failing to remit Personal Income Taxes of their employees and for non-remittance of consumption taxes by operators in the hospitality sector to the...

FG Plans to Launch One Million CNG Vehicles by 2027   The Federal Government has revealed plans to introduce one million Compressed Natural Gas (CNG) powered vehicles by 2027. The announcement was made by the Special Assistant to the President on Special Duties and Domestic Affairs, Toyin...