Category Archives: Economy

President Bola Ahmed Tinubu on Friday said the removal of fuel subsidy by his administration saved the country from imminent bankruptcy and laid the foundation for the gradual recovery of the nation’s economy. He spoke when he hosted state governors who came to celebrate with him the Sallah and the third anniversary of the administration.ContinueContinue reading “Fuel subsidy removal saved Nigeria from bankruptcy – Tinubu”

Ahead of the take-off of the Olokola Deep Seaport Project, the Managing Director, Infrastructure & Logistics, Dangote Industries Limited, Captain Jamil Abubakar and his delegation have paid an advance visit to engage and sensitise the host communities in the proposed project area in Olokola Free Trade Zone (in Ogun and Ondo states). The Olokola projectContinueContinue reading “Dangote prepares Ogun-Ondo communities on project take off at Olokola Deep Seaport”

The Federal Government has officially approved the long-awaited 40 per cent peculiar allowance for federal civil servants following intense pressure and threats of industrial action by the organised labour. The approval, it was gathered, came after a marathon meeting on Tuesday personally presided over by the Head of the Civil Service of the Federation, EstherContinueContinue reading “FG approves 40 percent peculiar allowance for civil servants after showdown threat”

Prominent Ondo South All Progressives Congress (APC) stakeholder, Mr. Omoyele Olabode has described the recapitalisation effort of The Central Bank of Nigeria (CBN) as commendable and proactive measure geared towards facilitating visible transformation of the apex bank as well as the nation’s economy. Olabode gave this indication in the course of a chat with newsmen,ContinueContinue reading “Olabode hails Government’s recapitalisation effort”

Prof. Dayo Faduyile,OON, a prominent All Progressives Congress (APC) stakeholder from Ondo South has congratulated Nigerian workers on the unique occasion of Workers Day Celebration, 2026. Faduyile in an officially endorsed congratulatory message appreciated the steadfast commitment of the Nigerian workers to the economic growth of the nation state while describing them as the pillarContinueContinue reading “May Day: The nation appreciates you, Faduyile tells Nigerian workers”

Leading Real Estate Developer and Politician, Mr. Omoyeke Olabode has reached out to salute the resilience of Nigerian workers as the World celebrates Workers Day. Across the globe, May 1st is set aside to celebrate Workers Day and to appreciate the formidable efforts of workers to nation building. Olabode in a special statement to celebrateContinueContinue reading “May Day: Olabode congratulates Nigerian workers”

The pump prices of Premium Motor Spirit (PMS) also known as petrol are nearing N1,400 per litre in many parts of the country as the United States and Iran fail to agree on a ceasefire that should lead to the reopening of the Strait of Hormuz. As the crisis in the Middle East lingers, coupledContinueContinue reading “Petrol pump price nears N1,400 per litre as Dangote hike prices”

The Association of Senior Civil Servants of Nigeria (ASCSN) says the two-month outstanding wage awards due to federal civil servants will be paid in April and May. Shehu Mohammed, National President of ASCSN, disclosed this in an interview with newsmen on Tuesday in Abuja. Mr Mohammed said the agreement on settlement of the outstanding money,ContinueContinue reading “FG to clear 2 months wage award, as civil servants get April, May salary boost”

The Ondo State Government has announced the dissolution of the boards of several key parastatals and commissions following the expiration of their tenures. In a statement issued by the Chief Press Secretary to the Governor, Prince Ebenezer Adeniyan, the decision takes immediate effect. Those affected include the Ondo State Universal Basic Education Board (SUBEB), theContinueContinue reading “Breaking: Aiyedatiwa dissolves boards of key parastatals, commissions”

Omoyeie Olabode, Ondo South politician and business tycoon, has saluted the Federal Government’s new allowance increment policy and welfare benefits for civil servants. News report has it that on Friday, Federal Government approved an increase in peculiar allowances and civil servants’ other welfare benefits. Olabode in his reaction to the increment said the government ofContinueContinue reading “Olabode salutes FG’s resolve on civil servants’ increment in allowances”