Abuja, Nov. 26, 2022 – President Muhammadu Buhari has congratulated the Anglican Archbishop of Owerri Province, the Most Rev David Onuoha, on his election as the National President of the Christian Council of Nigeria (CCN). CCN is one of the five blocs that make up the Christian Association of Nigeria (CAN). The president’s congratulatory message is contained in a statement by his spokesman, Mr Femi Adesina, on Saturday in Abuja. Onuoha was elected during the 31st General Assembly/93rd Anniversary of CCN at Andrew’s Basilica Trans Ekulu, Enugu. According to the …
Petrol scarcity cannot end now – marketers
By Tajudeen Atitebi Lagos, Nov. 26, 2022 – The current petrol scarcity in Lagos and some other parts of the county may linger than expected in spite of promises by some marketers that normal supply will be restored by this weekend. The petrol supply situation has worsened in Lagos since it started early in the week and many vehicles have been forced to stay off the road. Commercial vehicles have taken advantage of the situation to charge arbitrarily higher fares. Workers and traders, who cannot afford the higher fares, are …
Nigeria’s GDP declines by 1.78% in Q3 2022
Abuja, Nov. 25, 2025 – Nigeria ‘s Gross Domestic Product (GDP) dropped by 1.78 percent in the third quarter of 2022 from its level in the corresponding period in 2021. The GDP grew by 2.25 percent in real terms in third quarter of 2022 against the 4.03 growth rate recorded in the third quarter of of 2021. The Nigerian Bureau of Statistics (NBS) gave the statistics on its website. It attributed the decline to the base effects of the recession and the challenging conditions that impeded productive activities. The GDP …
African Development Bank approves $5.12m financing for emergency food production in Liberia
Liberia, Nov. 24, 2022 The Board of directors of the African Development Bank Group has approved $5.12 million financing for the Emergency Food Production Program in Liberia. The bank said in a statement today that this would pave the way for the Liberian government to support farmers as they increase climate resilient food production and mitigate the impact of the ongoing war in Ukraine. The funding includes a grant of $2.28 million and a loan of $2.84 million from the Bank Group’s Transition Support Facility. Agriculture is a major part of Liberia’s economy. …
All security agencies will be involved in tracking naira notes – CBN
Abuja, Nov. 24,2022 – Mr Godwin Emefiele,, the Governor of the Central Bank of Nigeria (CBN), says the apex bank will involve all the security agencies in the country in tracking the new naira notes. He said that agencies like the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission would also be involved in monitoring large withdrawals and movement of the new naira notes. Emefiele said in Abuja on Wednesday that the amount of money that could be withdrawn from the counter would be …
MRA Calls on Federal Government to Allocate Resources to Public Institutions in 2023 for FOI
Lagos, Thursday, Nov. 24, 2022 – The Media Rights Agenda (MRA), an NGO, today called on the Federal Government to demonstrate a commitment to transparent and accountable governance by ensuring that all Federal Ministries, Departments and Agencies (MDAs) are provided with resources in the 2023 National Budget for the effective implementation of the Freedom of Information (FOI) Act. In a statement in Lagos by its Programme Officer, Ms Maimuna Momoh, the organization said its analysis of the 2023 Federal Government budget proposals showed that out of over 500 Federal public …
Gov Udom presents 2 aircraft to Ibom Air
Governor Udom Emmanuel of Akwa Ibom State has presented two aircraft to Ibom Air to drive the ongoing expansion of the airline’s operations. The two Airbus A320-200 were said to have been procured from GetJet Airlines UAB (operating as GETJET), a European aircraft leasing company, on a one-year wet-lease agreement. The new addition brings the fleet to seven aircraft: five Bombardier CRJ At the presentation of the new aircraft, Governor Udom said the state government has invested in air transportation to diversify its economy. Udom, who also used the opportunity …
FAAC shares N736.78bn to FG, states, LGs
Abuja, Nov. 23,2023 – The Federation Account Allocation Committee (FAAC) has shared N736.782 billion from the October 2022 Federation Account Revenue to the federal government, states and local government councils. This is contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting for November 2022. The N736.782 billion total distributable revenue comprised distributable statutory revenue of N417.724 billion, distributable Value Added Tax (VAT) revenue of N213.283 billion, Exchange Gain revenue of N5.775 billion and N100.000 billion Augmentation from Non-oil Revenue In October 2022, the …
Buhari unveils new naira notes
Abuja, Nov. 23, 2022 – President Muhammadu Buhari today unveiled the new naira notes as proposed by the Central Bank of Nigeria. He unveiled the new currency notes at the Federal Executive Council (FEC) meeting at the State House, Abuja. The central bank announced that it would redesign the naira notes in order to control the amount of currency in circulation, manage inflation and combat counterfeiting. “These challenges primarily include significant hoarding of banknotes by members of the public with statistics showing that over 85 percent of currency in circulation …
Afreximbank and DB renew partnership for development of African railways
Abidjan, Cote d’Ivoire, Nov. 23, 2022 -The African Export-Import Bank (Afreximbank) has renewed a partnership agreement with South Africa-based Thelo DB Proprietary Limited (Thelo DB) and signed a Memorandum of understanding (MoU) to support railway corridor and network development, operations, including the opportunity to expand infrastructure and enhance operational efficiencies of existing networks. The MoU, which was first entered into in 2019, aims to promote trade and investment flows on the continent through coordinated intervention in Africa’s railway sector. The MoU was signed on the side-lines of the recently concluded Africa Investment Forum …