Federal government In a concerted effort to tackle the incessant rise in cement prices across Nigeria, recently convened a high-level meeting with key stakeholders in the cement manufacturing industry. Chaired by the Honourable Minister of Works, His Excellency, Sen. Engr. Nweze David Umahi GON, and co-hosted by the Honourable Minister of Industry, Trade and Investment,…
Crackdown on Unethical Practices: NAFDAC and PCN Close 1,321 Patent Medicine Stores in Kano In a concerted effort to overhaul the pharmaceutical landscape and curb unethical practices, the National Agency for Food and Drug Administration and Control (NAFDAC) and the Pharmacist Council of Nigeria (PCN) have joined forces in a sweeping operation. On Monday, their…
The Abuja Electricity Distribution Company (AEDC) has announced its intention to disconnect barracks and 84 government agencies over their accumulated debt of more than N47.1 billion. This decision, outlined in a notice of disconnection issued on Monday, underscores the severity of the financial strain faced by the distribution company due to unpaid bills. Among the…
Anticipation of Supply-Demand Imbalance The Chairman of the Cement Producers’ Association of Nigeria (CEPAN), Prince David Iweta, has highlighted the association’s proactive stance in anticipating the current imbalance between cement supply and demand in the country. In his recent statement, Prince Iweta reiterated that the association had previously alerted the Federal Government about the potential…
The police authorities have reiterated their firm stance against any form of violence during the forthcoming two-day organized labor demonstration aimed at protesting the challenging living conditions and soaring cost of living in the country. The warning, issued on Sunday, comes amidst rising concerns over potential disorder during the protests. Concerns Over Social Instability Echoed…
In a recent critique of the current administration’s foreign exchange policy, former Vice President Atiku Abubakar found himself under scrutiny for what has been deemed as misrepresentation and misinterpretation of the government’s priorities. Bayo Onanuga, the Special Adviser to the President on Information & Strategy, condemned Abubakar’s assertions, labeling them as inaccurate and lacking viable…
The Nigerian Electricity Regulatory Commission (NERC) is contemplating a potential surge in the prices of prepaid meters, according to recent reports. The move comes amidst concerns over the escalating costs associated with meter provision and maintenance. Meter Asset Providers (MAPs) have halted the sale of new meters, awaiting NERC’s approval of revised pricing structures. This…
In a significant development for Nigeria’s economic landscape, Dr Doris uzoka Anite Minister of Trade industries and investments says Federal Government has secured a commitment of $30 billion in Foreign Direct Investments (FDIs). This milestone was announced by the Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, during a press briefing held in Abuja…
In a strategic maneuver aimed at curbing the proliferation of arms into the hands of extremist groups, Nigerien security forces executed a meticulously planned operation in the northern region of Nguigmi, close to the Niger-Chad border. The operation, conducted over the weekend, culminated in the interception of a significant cache of weaponry earmarked for Bakura,…
In a landmark ruling, Justice A. Abdussalam of the Gombe State High Court delivered a verdict on Thursday, February 15, 2024, that sent shockwaves through the community as Kelvin Tikus, a 36-year-old employee of the Nigerian Correctional Service, was sentenced to three years imprisonment for perpetrating an employment scam. The sentencing marks a significant milestone…
