Economy

Interest groups are pushing for a plastic ban.

Stakeholders have called on the Federal Government of Nigeria to implement a ban on single-use plastic. The stakeholder who spoke at the Global Alliance for Incineration Alternatives Nigeria Members workshop on Civil Society Organisations Engagement with National and International Plastic Policy Processes in Lagos recently stated that the ban should take effect in 2024 instead of the 2028 date…
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Energy

Troublemaker jailed for stealing EKEDC property.

The district court sentenced two perpetrators to various prison terms for damaging property belonging to Eko Power Distribution. This is stated in a statement signed by the Director of Corporate Communications of EKEDC. Abdullahi Yinusa and Abdullahi Musa were arrested and…
Education

The Minister directs the disbursement of the Cabotage Fund to financial institutions.

The Minister of Transportation, Mu’azu Sambo has urged Primary Lending Institutions and other stakeholders to fast-track efforts towards quick disbursement of the Cabotage Vessel Financing Fund. This was contained in a statement by the Director, Press and Public Relations of the ministry, Henshaw Ogubike. Sambo stated this at a meeting with representative Heads of the PLIs, including the…
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Energy

Disco waives 408 MW of excess capacity - FG

Distribution companies have increased the amount of electricity they supply and distribute to consumers across the country as the latest federal government data shows a decline in the amount of electricity wasted in nightclubs. Data released by the Federal State Grid…
Aviation

Air Peace suspends flights due to elections.

Air Peace on Thursday announced that flight operations will be suspended on February 25 as a result of the general elections. However flight operations will resume February 26, the local airline assured. The airline disclosed this in a statement via its official…
EconomyMarket

The real sector eased as the economy posted a 3.1% growth.

Led by the services sector, Nigeria’s output expanded by 3.1 per cent last year, which aligns with the expectations of the market. On its face value, the growth figure, which is about 0.5 percentage point higher than the population growth, suggests economic development is looking up. But such an argument could be deflated by the sluggish growth recorded by the agriculture sector – a sector…
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Economy

How rich Africans grew wealth in 2022 – Report

Six out of 10 Africa’s Ultra-High-Net-Worth Individuals grew their wealth in 2022, despite the economic challenges recorded in the year, Knight Frank’s latest wealth research has said. In a statement, it said the drivers of the performance were real estate, currency trades, market timing and, for the first time in more than a decade, the return on cash. It stated, “Using data from Knight…
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