By Joke Kujenya THE FEDERAL Government and Nigerian states have agreed to form a joint committee to unlock and maximize the potential of the solid minerals sector. This decision emerged from a meeting between the Nigerian Governors’ Forum and Dele Alake, Minister of Solid Minerals Development. Segun Tomori, Media Aide to the Minister, stated t...
By Joke Kujenya PRESIDENTS BOLA Tinubu of Nigeria and Bassirou Diomaye Faye of Senegal, yesterday, held discussions focusing on regional security, democratic governance, and economic development in the West African continent. The two leaders emphasized the urgent need for a unified approach to combat terrorism, banditry, human trafficking, and...
By Joke Kujenya, JKNMedia Reporter EMIRATES AIRLINES announced on Thursday the resumption of its services to Nigeria, effective October 1, 2024, coinciding with Nigeria’s Independence Day anniversary. The airline will use its Boeing 777-300ER aircraft to operate a daily service between Lagos and Dubai. The suspension of Emirates’ Dubai-Lagos f...
By Jemimah Wellington, JKNMedia Reporter THE FEDERAL Government of Nigeria has announced an ambitious goal of generating 10,000 megawatts through the Sustainable Power and Irrigation Project for Nigeria (SPIN) in partnership with the World Bank. The project aims to maximize the use of existing storage facilities for both irrigation and hydropo...
By Joke Kujenya LABOUR UNIONS, encompassing the Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC), abruptly exited the ongoing minimum wage negotiations with the Federal Government on Wednesday. This development followed the FG’s proposal of a new minimum wage of N48,000, an offer labour representatives derided as ‘ri...
By Olaide Ajibola, JKNMedia Reporter THE FEDERAL Executive Council (FEC) has given its nod to the establishment of a Special Purpose Vehicle (SPV) aimed at securing funds for the ambitious rollout of 90,000 kilometers of fiber optic cables nationwide. This expansive project, revealed by Bosun Tijani, Minister of Communications and Digital Econ...
By Joke Kujenya THE LATEST meeting of Nigeria’s Federal Executive Council (FEC) has been concluded, spanning May 13th and 14th, 2024, with a series of far-reaching decisions aimed at bolstering Nigeria’s economy and enhancing its infrastructure. These decisions, ratified after extensive deliberations, encompass policies and projects inte...
By Jemimah Wellington, JKNMedia Reporter THE FEDERAL Executive Council (FEC), presided over by President Bola Tinubu, has taken a decisive step regarding tollgate fees at the nation’s airports. In a meeting held at the Presidential Villa in Abuja on Tuesday, it was unanimously agreed that there will be no more exemptions for high-ranking offic...
By David Adenekan TO START WITH, the new directive by the Central Bank of Nigeria that all Point of Sale (POS) outlets/holders must, on or before July 7th, 2024 be registered and incorporated as a business enterprise with the Corporate Affairs Commission (CAC) is a welcome development. A great initiative indeed! According to the Central [&hell...
By Jemimah Wellington, JKNMedia Reporter THE INTERNATIONAL Monetary Fund (IMF) has issued a pressing advisory to the Nigerian government, stressing the immediate necessity to eliminate what it terms ‘implicit’ subsidies on electricity and fuel. These subsidies, projected to consume three per cent of the nation’s Gross Domesti...
