The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), says the process of establishing a new revenue allocation formula for all tiers of government in the country has reached an advanced stage. Dr Mohammed Shehu, Chairman, RMAFC, disclosed this on Wednesday at the ongoing three-day retreat for newly appointed members of the commission holding in Uyo….
The Nigerian Shippers’ Council (NSC) has urged the National Environmental Standard Regulatory Agency (NESRA) to ratify and domesticate its agreements on sustainable ocean resources management. This is contained in a on Wednesday in Abuja by Mr Pius Akutah, the Executive Secretary of the council. Akutah spoke during a courtesy visit by Dr Jonathan Dajely, NESRA…
The Tinubu Stakeholders Forum (TSF), has welcomed the latest data, indicating that Nigeria recorded a net foreign exchange (FX) inflow of 15.2 billion dollars in the first quarter of 2025. Mr Ahmad Sajoh, Chairman, TSF, described this feat as a testament to the effectiveness of President Bola Tinubu’s bold economic reforms. “The figures, presented at…
Sen Heineken Lokpobiri, Minister of State, Petroleum Resources (Oil), has described the Joint Venture (JV) between Nigerian National Petroleum Company Limited (NNPC Ltd.), Caverton Offshore Support Group and Stenabulk as a strategic industry alignment. Lokpobiri also said that the JV was a bold step toward enhancing shipping operations, strengthening local content, and driving economic growth….
The Federal Ministry of Industry, Trade and Investment (FMITI) has partnered with the Nigerian Exchange Group (NGX Group) to achieve its ambitious $6 billion investment target. In a statement signed on Tuesday by Mr Adebayo Thomas, Director, Press and Public Relations of the ministry, the commitment was underscored during a Closing Gong Ceremony at the…
China has urged Philippines to stop sending wrong signals to separatist forces seeking “Taiwan independence.’’ Zhu Fenglian, spokesperson for China’s State Council Taiwan Affairs Office, said this at a news conference in Beijing on Wednesday. He said this while answering questions on a Philippine media report that the Philippine government had relaxed restrictions on interactions…
Meyer Plc has declared 30 kobo dividend for the year ended Dec. 31, 2024. The company disclosed this in a corporate disclosure through the Nigerian Exchange Ltd. The disclosure reads, “The Board has recommended a dividend of 30 kobo per share, subject to appropriate withholding tax and approval. ”This will be paid to shareholders whose…
The Benue Government says it will pay another five months salary arrears to civil servants in the state, adding that has already been captured in the 2025 budget. The state Commissioner for Finance, Mr Michael Oglegba disclosed this in an interview with the News Agency of Nigeria (NAN), Makurdi on Wednesday. Oglegba explained that the…
Mr Titus Odo, the Publicity Secretary of the Labour Party (LP) in Enugu State on Wednesday defected to the Peoples Democratic Party (PDP). Odo defected to the PDP alongside the former Commissioner for Chieftaincy Affairs in the state, Prince Emeka Mamah, who was the State Coordinator of the Peter Obi Presidential Campaign in the 2023…
Seventeen people were injured in a residential complex explosion on Wednesday afternoon in Taiyuan, capital of north China’s Shanxi Province. Four people were in critical condition with three discharged after treatment, the local authorities said. The blast occurred in the Beiying neighbourhood of Xiaodian District at around 1p.m., but by 3 p.m., the fire triggered…
