…asks FG to show benefits of reforms, questions debt burden amid rising cost of living The Non-Academic Staff Union of Educational and Associated Institutions (NASU) has demanded greater transparency and accountability in the management of funds saved from petrol subsidy reforms and the utilisation of borrowed funds, insisting that NigeriansContinue Reading

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said borrowing and debt financing remain necessary conditions for economic growth, urging developing countries to deploy loans productively in order to stimulate job creation and inclusive development. Oyedele, who currently chairs the Intergovernmental Group of Twenty-Four (G-24),Continue Reading

•Calls for six-month plan to reduce pump price Lagos Chamber of Commerce and Industry (LCCI) has tasked the Federal Government to come up with a credible plan to progressively, sustainably and transparently bring petrol prices down. It also called for a six-month petrol price reduction programme that would reduce pumpContinue Reading

The Federal Government has reaffirmed its commitment to clearing outstanding legacy debts owed to power generation companies (Gencos) by next year, as part of efforts to attract investment and ensure reliable electricity supply across the country. The Minister of Power, Joseph Tegbe, disclosed this at the Harvard Business School AssociationContinue Reading

A Federal High Court sitting in Abuja has struck out the eight-count criminal charges preferred against the alleged fake Director General of the Presidential Foreign Intervention Promotion Council (PFIPC), Mr Adeniyi Adeyemi, by the federal government. The trial judge, Justice Mohammed Umar, on Monday, terminated Adeyemi’s trial before him followingContinue Reading

The Federal Government has evacuated another batch of 111 distressed Nigerians from South Africa amid concerns over xenophobic and Afrophobic attacks in the country, bringing the total number of Nigerians repatriated under the ongoing exercise to 2,037. The returnees, comprising 44 men, 23 women and 44 children, arrived in LagosContinue Reading