Economy Archives - Page 42 of 69

Sep

15

2023

Plans for metro rail line between Nasarawa and Abuja on top gear – Wike

Economy, Metro, PoliticsAbuja, Economy, Nasarawa State, Nyesom Wike

According to Nyesom Wike, the Federal Capital Territory Administration (FCTA) will collaborate with the government of Nasarawa State on the construction of rail lines and road networks. When Nasarawa Governor Abdullahi Sule paid him a visit in his office on Friday, the FCT minister made this statement. Wike emphasized the importance of collaboration for the growth of the two institutions while recognizing how close Nasarawa State and the Federal Capital Territory are to one another.He stated that FCTA would start talks with the Nasarawa State Government on building a metro rail from Apo to Keffi and finishing the road artery…

Sep

11

2023

By Amos Oge Kalu

UAE Travel Ban Lifted; Jonas Praises Tinubu For The Milestone To Boost Nigeria’s Economy.

Economy, Metro, PoliticsBola Ahmed Tinubu, Chibuike Jonas, Economy, Next Level, Politics

A Chieftain of All Progressive Congress and a contender in the 2023 Governorship race in Abia State, Mazi Chibuike Jonas, has expressed joy at the news of the successful lifting of the ban on Nigerians’ travel to the United Arab Emirates (UAE), describing it as a milestone that will help boost the Small and Medium Scale Enterprises (SME's), which has been suffering as a result of this ban in the past. According to his explanation, it takes time to put a nation in the right direction for the needed development to be seen by all, he appealed to Nigerians to…

Sep

11

2023

By Amos Oge Kalu

After Tinubu’s visit, the UAE lifted its ban on Nigerian travelers seeking visas.

Business, Economy, PoliticsBola Ahmed Tinubu, Economy, Politics, UAE

In Abu Dhabi, President Bola Ahmed Tinubu and President Mohamed bin Zayed Al Nahyan of the United Arab Emirates came to a historic agreement that will immediately lift the restriction on Nigerian travelers obtaining visas. This was revealed in a statement on Monday by Ajuri Ngelale, the Special Advisor to the President on Media and Publicity. The two governments' accord calls for Etihad Airlines and Emirates Airlines to resume their regular flight schedules into and out of Nigeria right away. "This immediate restoration of flying activity through these two airlines and between the two nations does not include any immediate…

Aug

14

2023

By Amos Oge Kalu

Forex: CBN takes action to halt the naira’s wild collapse

Business, Economy, Metro, News2023, Business, CBN, Economy, Metro, Next Level

According to the Central Bank of Nigeria, fresh steps would be taken to stabilize the naira's value relative to the dollar. After meeting President Bola Tinubu on Monday at the State House about the bank's efforts to stop the decline, Folasodun Sonubi, acting governor of the CBN, disclosed the information. According to him, President Tinubu voiced his concern about the effects of recent changes in the foreign exchange market, particularly on regular people. The CBN is aggressively trying to increase market liquidity and stability, including resolving challenges in the parallel market, Sonubi said he promised the President. Sonubi emphasized that…

Aug

13

2023

By Amos Oge Kalu

Adamu Garba says Algeria will supply free electricity to Niger Republic.

Economy, Metro, Opinion, PoliticsEconomy, Niger, Nigeria, Opinion

Adamu Garba, a leader of the All Progressives Congress (APC), asserted that Algeria had chosen to provide the Niger Republic with free electricity. According to Naija News, the Transmission Company of Nigeria (TCN) turned off the country's electricity supply. Adam Umar El-yandiski, the TUC's public relations officer for the Kano State subregion, called Channels Television to corroborate the information. He maintains that there is no relationship between the connection that supplies electricity to the Niger Republic and the provision of electricity to any other area of the nation because it receives its power directly from the national grid. Pressure was…