Economy

Lagos State Governor Babajide Sanwo-Olu, on Sunday announced that the ongoing construction of the Lagos Rail Mass Transit (LRMT) Red Line project would be completed on schedule. Sunday's inspection was the fourth time in a year the…

The Federal Executive Council (FEC) has approved the development of the Badagry Deepsea Port. The Special Assistant to President Muhammadu Buhari on Digital & New Media, Tolu Ogunlesi, said the project was estimated to cost $2.594…

Federal Ministry of Transportation (FMOT) has commenced moves to designate all inland dry ports (IDPs) as ports of origin and destination across the country. The dry ports located in hinterlands were purposely to deliver shipping…

Lagos State Governor Babajide Sanwo-Olu, on Tuesday, commissioned a 38-Flat housing scheme in Victoria Island, further raising the housing stock of the State. Channel Point Apartments are a composite housing project jointly developed by…

Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigeria Liquefied Natural Gas (NLNG) have agreed on a joint committee to improve liaison between them. The agreement was reached during a visit by the Managing Director…

Nigeria Customs Service (NCS)’s Comptroller General Strike Force Team Zone A has arrested four smugglers in connection with N7.4 billion contraband within four weeks. The Coordinator of the team, Deputy Comptroller Mohammed Yusuf,…

The Federation Account Allocation Committee (FAAC) has injected a total sum of N802.407 billion into the economy as a June 2022 allocation for the three tiers of government. The committee after its meeting in Abuja disclosed the amount…

Despite the negative indices of the Nigerian economy, the International Monetary Fund (IMF) has maintained a 3.4 per cent Gross Domestic Product (GDP) growth rate for the country. This is against the 3.3 per cent growth projection by the…

Gradually, the impact of the surging inflation on the economy is sinking in following the decision of All Private Transport Company Owners (APTCON) ti increase fares by 25 per cent to reflect the rising cost of operation. This decision…

The Senate, on Tuesday, confirmed Mohammed Bello as Chairman, Revenue Mobilization Allocation and Fiscal Commission. Bello’s confirmation was sequel to the consideration of a report by the Committee on National Planning and Economic…