President Bola Tinubu

President Bola Tinubu has directed the Nigeria Customs Service (NCS) to return food items that were confiscated at border communities to owners on the condition that they would be sold in the Nigerian markets to boost food sufficiency. This was disclosed Saturday by the Comptroller General of the NCS, Adewale Adeniyi, during an interface with residents of border communities in Kongolam and Mai’Adua border stations. Mr Adeniyi hinted that the president has decided to exercise his power “according to the feelings…

President Bola Tinubu says his nine month-old administration has attracted $30 billion Direct Foreign Investment commitments to shore up the Nigerian economy. Mr Tinubu said this at the 2023 Leadership Annual Conference and Award on Tuesday in Abuja. The event, with the theme, “An Economy in Distress: The Way Forward,” was organised by the Leadership Group, publishers of Leadership Newspapers. Mr Tinubu, represented by Minister of Information and National Orientation, Mohammed Idris, said the Nigerian economy is…

President Bola Tinubu says his nine month-old administration has attracted $30 billion Direct Foreign Investment commitments to shore up the Nigerian economy. Mr Tinubu said this at the 2023 Leadership Annual Conference and Award on Tuesday in Abuja. The event, with the theme, “An Economy in Distress: The Way Forward,” was organised by the Leadership Group, publishers of Leadership Newspapers. Mr Tinubu, represented by Minister of Information and National Orientation, Mohammed Idris, said the Nigerian economy is…

President Bola Tinubu has assured global investors that his administration would remove all obstacles hindering the ease of doing business in Nigeria. The president gave the assurance at the Nigeria-Qatar Business and Investment Forum held in Doha on Sunday. He urged genuine investors to report to him directly, any official who obstructed progress or asked for a bribe in the course of any dealings in Nigeria. The president said Nigeria was ready for serious business as his administration would deal with…

Lafarge Africa saw earnings for 2023 drop to N51.4 billion for the first time in half a dozen years, during which not even waves of pandemic lockdowns battering other businesses were unable to slow the progress of its profitability. Details of its unaudited financials for the year showed that a jump in its accrued tax liabilities for the year weighed on the bottom line. An accumulation of obligations to tax authorities over the previous years hit N23.6 billion in 2023, translating to an 86.9 per cent surge.…

The Nigerian government on Tuesday said that the Obiafu/Obrikom/Oben (OB3) gas pipeline will be completed by March 2024. Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), disclosed this at the opening ceremony of the ongoing 7th edition of the Nigeria International Energy Summit (NIES 2024) on Tuesday. The ceremony took place at the presidential banquet hall in Abuja. “I am pleased to announce that the OB3 pipeline will be completed by March 2024, and the 42″ 127 km pipeline will supply 2BCF…

The Nigerian government said Tuesday the decision to remove petroleum subsidy is a challenging one but necessary move needed to promote long-term energy security and economic prosperity in the country. President Bola Tinubu disclosed this at the opening ceremony of the ongoing 7th edition of the Nigeria International Energy Summit (NIES 2024) held at the presidential banquet hall in Abuja on Tuesday. “Our great nation has long been dependent on the revenue generated from oil exports, and as we stand at the…

President Bola Tinubu on Sunday met with private sector leaders to discuss the cost of living crisis in the country and efforts to address the problem. Those at the meeting include Africa’s richest man and owner of Dangote industries, Aliko Dangote; industrialist AbdulSamad Rabiu and banker Tony Elumelu. The meeting, held at the Presidential Villa Abuja, discussed “the economy, food security and security of the nation,” Mr Dangote told journalists after the meeting. According to an official transcript of the…

The government of Qatar has reversed its earlier position not to host a business meeting with Nigerians on the sideline of President Bola Tinubu’s visit to the country next month. The Qatari embassy in Abuja in a “Note Verbale” dated 23 February to the protocol department of Nigeria’s foreign affairs ministry, said the “Qatar Chamber of Commerce will host” the Business and Investment Forum on the margins of President Tinubu’s visit. The embassy had earlier said it could not host the side event, leading to…

The Central Bank of Nigeria (CBN) has scheduled its first Monetary Policy Committee (MPC) meeting with Yemi Cardoso as Governor for Monday and Tuesday.Some economic experts have projected that the benchmark interest rate known as the Monetary Policy Rate (MPR) would most likely be tightened to rein in inflation and check further depreciation of the Naira. . The News Agency of Nigeria (NAN) reports that the last meeting of the MPC was held in July 2023, and was presided over by the then-acting CBN governor,…