The Murtala International Airport Command of the Nigerian Customs Service has disclosed that it generated total revenue of N28 billion last year. In a statement on Wednesday, the Customs Area Controller in charge of the command, Muhammed Gidado said that there was a N11.8 billion increase in revenue when compared to the N19 billon the command collected in 2021. He …

The latest prediction of the International Monetary Fund (IMF) that a third of the global economy will enter another recession in 2023 is unsettling news for Nigeria’s economy, which has consistently wasted chances to achieve growth and sustainable development. The World Bank has also decreased its projection for numerous regions. It estimates the rise in per capita income in sub-Saharan …

A former Minister of Solid Minerals, Dr Oby Ezekwesili has said that the presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar was not the Head of the Economic Management Team (EMT) during the period he was deputy to President Olusegun Obasanjo. Obasanjo was president between 1999 and 2007, while Atiku served as vice president. Ezekwesili was Minister …

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele resumed duty on Monday after his annual vacation abroad, according to a statement by the apex bank’s Director of Corporate Communication, Mr Osita Nwanisobi. Since his absence from the public view last month, there have been speculations about his status as the No 1 banker, including allegations of …

For the first time in 11 months, inflation dipped to 21.34 per cent in Nigeria, according to the National Bureau of Statistics (NBS). The inflation rate has been on a steady rise in from January to November, last year, but dropped to 21.34 per cent in December as against 21.47 per cent in November. The NBS report said that food inflation …

The International Monetary Fund (IMF) has reiterated its commitment to tackling food crisis and payment challenges facing the global economy. Its Managing Director, Ms. Kristalina Georgieva, stated this after the IMF’s Executive Board approved a new Food Shock Window under its emergency financing instruments, the Rapid Credit Facility and Rapid Financing Instrument. “The new financing window will provide additional access …

The National Salaries Incomes and Wages Commission (NSIWC) has said that it has initiated process for the review of the National Minimum Wage. In a statement on Sunday in Abuja, NSIWC’s Head of Public Affairs, Mr Emmanuel Njoku said that, as part of the process to review the minimum wage, which would be due in 2024, the commission had held …

Some worried employees of the Nigeria Social Insurance Trust Fund (NSITF) have urged the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and other Related Offenses Commission (ICPC) to look into cases of alleged fraud and corruption at the agency. However, NSITF’s General Manager/Head of Corporate Affairs, Mrs Ijeoma Oji-Okoronkwo denied knowledge of any wrongdoing in the organisation. …

The Nigerian Security Printing and Minting Plc (NSPM) have highlighted some features of the new naira notes in order to sensitize Nigerians who have expressed concern about the quality of the notes. In a statement on Friday signed by the Managing Director of NSPM, Ahmed Halilu, the company stressed the need to enlighten Nigerians on the features of the new …

The proposed Fourth Mainland Bridge project will cost $2.5 billion and will be ready in 2027, it was learned on Friday. Special Adviser to the Governor on Public Private Partnerships, Mr Ope George, and his counterpart in the Ministry of Works and Infrastructure, Mrs Aramide Adeyoye told reporters at Alausa, Ikeja that the official turning of sod would be done by …