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Nigeria Targets $1.5bn GDP Boost by 2027 through Embracing the Halal Economy, Says Vice President Shettima

Nigeria Targets $1.5bn GDP Boost by 2027 through Embracing the Halal Economy, Says Vice President Shettima

by Favour Owonibi | Sep 19, 2024 | Business/Finance, Economics, NEWS

Vice President Kashim Shettima said Nigeria has embraced the Halal economy, hoping to leverage opportunities and add the sum of $1.5bn to the country’s GDP by 2027. Shettima made this known on Wednesday as he attended the Nigeria Halal Economy Stakeholders engagement...
Unions Plan Peaceful Protest Over Revenue Deduction Policy

Unions Plan Peaceful Protest Over Revenue Deduction Policy

by Favour Owonibi | Sep 13, 2024 | Economics, Local, NEWS

Aviation workers’ unions have announced plans to stage a peaceful protest on September 18, 2024. The General Secretary of the National Union of Air Transport Employees, Ocheme Aba, and the Deputy General Secretary of the Air Transport Services Senior Staff Association...
Nigeria Signs Cape Town Convention to Cut Airline Operation Costs

Nigeria Signs Cape Town Convention to Cut Airline Operation Costs

by Favour Owonibi | Sep 13, 2024 | Business/Finance, Economics, Local, NEWS

The Federal Government has signed the Cape Town Convention (CTC) Practice Direction, aimed at reducing the cost of airline operations in the Nigerian aviation sector. The CTC Practice Direction was signed on Thursday by the Chief Judge of the Federal High Court,...
NNPCL Announces Dangote Refinery Petrol Launch on September 15, 2024; Prices to Be Set by Market Forces

NNPCL Announces Dangote Refinery Petrol Launch on September 15, 2024; Prices to Be Set by Market Forces

by Favour Owonibi | Sep 6, 2024 | Economics, Local, NEWS

The Nigerian National Petroleum Company Limited (NNPCL) has said Premium Motor Spirit commonly known as petrol, from the Dangote Refinery will enter the market from the 15th of September, 2024. The company revealed this in a statement signed by its Chief Corporate...
Federal Government Assures Petrol Availability Amid Scarcity and Price Hike, Minister Promises Resolution by Weekend

Federal Government Assures Petrol Availability Amid Scarcity and Price Hike, Minister Promises Resolution by Weekend

by Favour Owonibi | Sep 6, 2024 | Economics, Local, NEWS

The Federal Government has said there is availability of petrol despite the scarcity and hike in the price of the product. This was revealed on Thursday by the Minister of State (Oil) Petroleum Resources, Heineken Lokpobiri, He stated this while briefing newsmen at...
Nigeria’s Headline Inflation Rate Declines to 33.40% in July 2024, First Drop Since December 2022

Nigeria’s Headline Inflation Rate Declines to 33.40% in July 2024, First Drop Since December 2022

by Favour Owonibi | Aug 16, 2024 | Economics, NEWS, Security

A newly published report by the National Bureau of Statistics (NBS) has indicated a decline in Nigeria’s headline inflation rate to 33.40% in July 2024 from 34.19% in June 2024. The development marks the first since December 2022, when it last dropped to 21.34...
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