The 2022 annual report of Mercedes-Benz Group AG, published on Friday, showed a modest increase in the German carmaker’s unit sales and profitability. Last year, Mercedes sold 2.45 million vehicles, against 2.32 million vehicles in 2021. The company’s EBIT (earnings before interest and taxes) rose by 28 per cent year-on-year to $21.8 billion (20.5 billion […]
The Federal Government has begun sensitisation on the aeromagnetic survey in six additional states in the country. The Ministry of Mines and Steel Development confirmed that it has engaged a consultant (Excalibur) to carry out the survey. Mr Ishaku Kigbu, the Media and Communication Officer, Mineral Sector Support for Economic Diversification Project in the ministry, […]
My Dear Compatriots, I have found it necessary to address you today, on the state of the nation and to render an account of the efforts of our administration to sustain and strengthen our economy, enhance the fight against corruption and sustain our gains in the fight against terrorism and insecurity which has, undoubtedly, been […]
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to release the old N200 note back into circulation. Buhari gave the directive in an early morning nationwide broadcast on Thursday in Abuja. He said CBN should allow old N200 to circulate as legal tender with the new N200, N500 and N1000 banknotes. […]
The Supreme Court says the old naira notes are still valid as Nigeria’s legal tender until the final adjudication of the case in dispute. This followed its Feb. 8 order barring the Federal Government and its agencies from enforcing the Feb. 10 deadline for the use of old N200, N500 and N1000 notes. The apex […]
Google.org has announced a grant of $2 million for Nigeria Fact Checkers to fight against misinformation during the general elections. Dawn Dimowo, Government Affairs and Public Policy Manager, Google Nigeria, announced this in a statement on Wednesday in Lagos. Dimowo said that Full Fact, a UK-based charity, would partner with some organisations to fight misinformation […]
Sudan has reaffirmed its commitment to deepen bilateral relations with Nigeria in area of aviation. Mr Mohamed Abdelmannan, Sudan Ambassador to Nigeria, said this on Wednesday in Abuja. Abdelmannan said the two countries had established diplomatic relations since independence. ”Cooperation between both countries would be deepened through air transport to achieve meaningful growth. ”We have […]
The Presidential candidate of the Accord Party, Prof. Chris Imumolen, has promised to revive ailing refineries and build modular ones if elected president this month. Imumolen, 39, made the pledge at an interactive session organised by the National Institute for Policy and Strategic Studies, Kuru, near Jos, on Tuesday. The candidate maintained that doing so […]
Human Rights Activist, Femi Falana, criticised the Central Bank of Nigeria (CBN) for allegedly flouting the Supreme Court’s order suspending the deadline Naira notes swaps. Falana, a Senior Advocate of Nigeria (SAN), castigate the apex bank while speaking on Channels TV’s “The 2023 Verdict” on Tuesday in Lagos. He also said the Federal Government was […]
………. chairman flays naira scarcity The National Chairman of Social Democratic Party (SDP), Alhaji Shehu Gabam, has condemned the scarcity of naira notes caused by the Central Bank of Nigeria’s (CBN) policy. The chairman said this at the meeting of Kwara southerners based in Abuja. The theme of the meeting is: “Discussing the Kwara South […]