LCCI Concerned About Food Security, Inflation As Floods Hit States       With food inflation already spiralling out of control, thus putting pressure on disposable income of many households, the Lagos Chamber of Commerce and Industry (LCCI), has expressed concern over the recent incidents of flooding in...

Nigeria’s Debt Fast Becoming Unsustainable, May Reach N34trn – LCCI       The Lagos Chamber of Commerce and Industry has said the growing level of Nigeria’s debt is fast becoming unsustainable in the light of dwindling oil prices and production and might hit N34tn by year-end. The President,...

‘18 Unviable Airports Account For N65bn Revenue Shortfall’       The Federal Airports Authority of Nigeria (FAAN), has blamed unviable airports scattered nationwide for its poor earnings and revenue shortfall over the years, now in excess of N65 billion. Management of FAAN, while appearing before the House of...

Unions Will Disburse N10bn Transport Palliative – FG       Only duly registered road transport unions will be considered under the N10bn intervention fund for road transport workers and operators, the Federal Government said on Tuesday. Minister of State for Transportation, Gbemisola Saraki, said this when the National...

Lagos Atop As States’ IGR Drops By 11.7%       The Internally Generated Revenue of the states dropped to N612.87bn in the first six months of 2020 from N693.91bn in the corresponding period of 2019. The National Bureau of Statistics disclosed on Tuesday in its report published on...

PIB Lists Functions Of New Agencies To Replace NNPC       The Petroleum Industry Bill 2020 has listed the specific functions of the three agencies that would replace the Nigerian National Petroleum Corporation when the proposed legislation is passed and assented to by President Muhammadu Buhari. A copy...