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Business

Manufacturing Crisis Grips Nigeria as 767 Companies Shut Down in 2023, N350 Billion Goods Unsold

The Manufacturing Association of Nigeria (MAN) has disclosed a troubling trend within the industry, indicating that a staggering 767 manufacturing companies ceased operations in 2023, with an additional 335 facing distress. This alarming development underscores the severe economic challenges confronting the manufacturing sector, including exchange rate instability, surging inflation rates, and an overall deterioration in […]

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Customs Seizes 120 Trucks Smuggling Food Items to Neighbouring Countries

The Nigerian Customs Service, under the leadership of Comptroller General Bashir Adewale Adeniyi, has intercepted a staggering 120 trucks attempting to smuggle food items out of Nigeria. Addressing a sectoral debate organized by the House of Representatives, Comptroller General Adeniyi disclosed that President Tinubu has directed the seized trucks to be redirected to local markets […]

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Peter Obi Laments as War-Torn Ukraine Donates Food Aid to Nigeria

Former presidential candidate of the Labour Party in Nigeria’s 2023 general election, Mr. Peter Obi, expressed dismay yesterday over Nigeria’s reliance on food donations from war-torn Ukraine, highlighting it as a stark reflection of government failures. In response to Ukraine’s recent donation of 25,000 tonnes of wheat to alleviate food shortages in Nigeria’s northeastern region, […]

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Former Governor Yuguda Reveals Nigeria Still Paying Fuel Subsidy

Former Bauchi State Governor, Isa Yuguda, disclosed in an interview on Channels Television’s Politics Today that the federal government continues to pay subsidies on petroleum products, contradicting President Bola Tinubu’s earlier announcement of its removal. President Tinubu had declared the end of fuel subsidy in his inaugural speech, emphasizing that the 2023 Budget did not […]

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Abiodun Congratulates New Immigration Comptroller Nandap

Ogun State Governor, Prince Dapo Abiodun has described the appointment of Mrs Kemi Nandap as the new Comptroller General of the Nigeria Immigration Service (NIS), as well deserved. Abiodun, in a congratulatory message to Nandap, described the new NIS boss as a thorough professional who has the exceptional skills, knowledge, and experience to lead the […]

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Minister Announces Revolutionary Passport Application System

Minister of Interior, Olubunmi Tunji-Ojo, has unveiled plans for groundbreaking initiatives to modernize the passport application and issuance process, aligning it with global standards. In a video shared via X, Tunji-Ojo hinted at upcoming innovations scheduled for this month, emphasizing his commitment to streamlining passport acquisition. He announced the launch of contactless technology on Friday, […]

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Breaking: Governor Abiodun to Receive Silverbird Man of the Year Award

Following a rigorous voting process, Prince Abiodun emerged victorious, securing over 70 percent of the votes from Nigerians, according to Jacob Akinyemi-Johnson, Chief Creative Officer/Chairman Editorial Board of Silverbird Group. The official presentation ceremony will take place at Eko Hotels and Suites, Victoria Island, Lagos State, at 6 pm. Governor Abiodun’s nomination for the award […]

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Decentralization Essential for Nigeria’s Survival, Declares Nobel Laureate Wole Soyinka

Renowned scholar and Nobel laureate, Prof. Wole Soyinka, has made a groundbreaking statement, advocating for the decentralization of Nigeria to address the longstanding issues of poverty and insecurity. Speaking at the 50th anniversary of PUNCH Newspaper in Lagos, Soyinka emphasized that if decentralization could ensure three square meals for Nigerians, then the nation should be […]

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