Fuel Subsidy is Gone, Says President Tinubu… Targets Single Exchange Rate for Nigeria
He said money previously meant for fuel subsidy will now be used to better the Nigerian economy.
He said money previously meant for fuel subsidy will now be used to better the Nigerian economy.
“The passage of the Petroleum Industry Act 2021 and the consequent establishment of the NNPC Limited, are expected to increase investments and strengthen oil revenues.”
They Urged the president-elect to tackle oil theft, raise oil production and end subsidy.
The outgoing governor had earlier in the year listed Cally Air as one of the state’s assets to be concessioned to private firms.
It counseled the next administration to reduce its reliance on debt to pay for expenses.
The AON said there is lack of sincerity and transparency in the process of establishing a national carrier by the Minister.
The fall of the Rand will contribute to South Africa’s high inflation rate.
He said despite the “failure” of Buhari’s administration, they have had some wins but this particular move was very unnecessary and uncalled for.
She also called on the President-elect to carefully select those who would aid his administration based on competence.
They said Sirika’s promise to deliver Nigeria Air by May 29, 2023, was a contemptuous action and invitation to anarchy.
He also urged Dangote to make petrol cheaper for Nigerians, having benefitted from government funding.
The NBS attributed the decline in GDP to the adverse effects of the cash crunch experienced during the quarter.
The Bank’s President, Akinwumi Adesina, called out developed nations for not keeping to the pledge of $100bn yearly.
This exclusive limited edition is the newest addition to the prestigious Grand Series, blending the finest flavors of Scotland and Japan.
The NDIC assured customers of speedy resolution of claims, saying there is no cause for panic.
Abimbola Akinajo said the initiative will lead to a clean and efficient transportation system.
Armed with a clear mission and mandate to drive economic recovery, South African Tourism is leading a group of exhibitors, made up of South African business owners and officials to IMEX Frankfurt in Germany
Zubairu insisted that the continent has a huge untapped market and seeks a shift from export of raw materials to value addition.
San Francisco officials announced last week they are investigating Twitter after six former employees alleged that Musk’s team broke laws by turning the company’s headquarters into a “Twitter Hotel.”
TikTok says it has not shared and would not share US user data with the Chinese government.
Easily access major global news with a strong focus on Africa. As well as the main stories of the day, we like to accentuate positive stories about Africa across all genres including Politics, Business, Commerce, Science, Sports, Arts & Culture, Showbiz and Fashion.
We broadcast 24 hours a day from our studios in London and New York and can be seen here in the UK and across Europe on the Sky platform (Sky channel 516), Freeview (Channel 136) as well as in the USA on the Centric channel and also on the Hot bird platform, which transmits to Europe, North Africa and the Middle East.
© 2023 Arise News - Part of the Arise Media Group.