Author: Ifetayo Adeniyi

Cardoso Launches Initiatives to Enhance Payment Approval Processes Mr. Olayemi Cardoso Cardoso Launches Initiatives to Enhance Payment Approval Processes Cardoso Launches Initiatives to Enhance Payment Approval Processes Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has unveiled two transformative initiatives aimed at improving payment turnaround time and streamlining document approval processes. The launch of the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies (MDAs) Naira Payment Solution on Wednesday, marked a continuation of the bank’s digital revolution project tagged, “Digital First” which was flagged-off by the governor in December 2023 as one of his transformation…

As planned, Tinubu govt will deliver Abuja-Kano expressway in 14 months – Mohammed President Bola Tinubu As planned, Tinubu govt will deliver Abuja-Kano expressway in 14 months – Mohammed The Minister of Information and National Orientation, Mohammed Idris said President Bola Tinubu is committed to the swift completion of the Abuja-Kano Expressway. Idris, made this statement on Thursday evening in Tafa, Niger State, during an inspection visit to the project site. He was accompanied by the Minister of Works, Senator Dave Umahi; the Chairman of the Senate Committee on Works, Senator Mpigi Barinada; the Chairman of the House Committee on…

Call rates rise from N11/min to N18/min under new tariff – Tijani Call rates rise from N11/min to N18/min under new tariff – Tijani Nigeria’s telecommunications sector is bracing for a significant price adjustment, as Communications Minister Bosun Tijani announces a potential 30-60% increase in service rates, rejecting the 100% hike requested by telecom operators. Speaking during an interview monitored by Apples Bite Magazine, Tijani emphasized that the more modest increase aims to balance industry sustainability with consumer welfare. Under a maximum 60% increase scenario, call rates would rise from N11 to N18.33 per minute, SMS charges from N4 to…

For effective delivery, NUC asks for review of Establishment Act National Universities Commission NUC) For effective delivery, NUC asks for review of Establishment Act The Executive Secretary, National Universities Commission (NUC), Prof. Abdullahi Ribadu has urged the National Assembly to help in the review of the act establishing the Commission for it to perform its duties efficiently. Speaking yesterday in Abuja during the Commission’s 2025 budget before the Senate Committee on Tertiary Institutions and TetFund chaired by Senator Muntari Dandutse, APC, Katsina, the NUC boss said, “We need to review the act to enable the commission to perform its duties…

FRSC generated N5.9b, including fines of N1.9b in 2024 FRSC Corps Marshall, Shehu Mohammed FRSC generated N5.9b, including fines of N1.9b in 2024 FRSC generated N5.9b, including fines of N1.9b in 2024. The Federal Road Safety Corps has provided detailed clarification on its 2024 revenue performance, disclosing that N1.9 billion of the total N5.9 billion generated came from fines for traffic violations. The explanation was given by the Corps Marshal, Shehu Mohammed, during his presentation to the House of Representatives Committee on the FRSC on Thursday. In a statement signed by the FRSC spokesperson, Olusegun Ogungbemide, Mohammed addressed questions concerning…

Lagos will add six new trains to boost rail transport system Lagos will add six new trains to boost rail transport system The Lagos Metropolitan Area Transport Authority has disclosed that six new trains will be added to the Lagos rail system following successful safety tests in China. LAMATA made this known through a statement posted on its X handle on Thursday. According to the statement, the trains will operate on both the Blue and Red Lines of the Lagos Rail Mass Transit system. The Blue Rail which started operations in September 2023 under current administration in the state, operates…

International market force, a determinant of petrol prices in Nigeria Heineken Lokpobiri International market force, a determinant of petrol prices in Nigeria The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, has reiterated that the price of crude oil in the international market remains a major force in driving the fluctuations in the pump price of petrol, highlighting its influence as a major factor behind the varying cost of fuel nationwide. He said the downstream sector is now fully deregulated with the government no longer involved in setting prices. The minister said these at the inaugural meeting of the Petroleum…

Governor Bago stops payment of PTA levy in public schools Governor Mohammed Bago of Niger State Governor Bago stops payment of PTA levy in public schools Niger State Governor, Mohammed Bago, has abolished the payment of Parents Teachers Association fees for pupils in public primary and secondary schools across the state. The governor directed all school authorities to comply with the new policy, warning that any defaulter would face strict sanctions. Bago disclosed this on Thursday during an official visit to Sarkin Pawa in Munya Local Government Area as part of his inspection of ongoing projects in the area. He…

71 students benefit from ABSF Tertiary Scholarships, Saraki Congratulates Dr. Abubakar Bukola Saraki 71 students benefit from ABSF Tertiary Scholarships, Saraki Congratulates Former Senate President, Dr. Abubakar Bukola Saraki has congratulated the 71 students of four tertiary institutions in Kwara State who benefitted from the annual scholarship Programme of his foundation, the Abubakar Bukola Saraki Foundation (ABSF), for the 2024/2025 academic session. Saraki in a statement released in Abuja today expressed happiness that the managers of the Foundation were able to complete on time the process of selecting the beneficiaries and releasing the school fees directly to the four tertiary…

Razak Okoya, the industrialist clocks 85 years Razak Okoya Razak Okoya, the industrialist clocks 85 years “All my life, at 85 years, has been spent in the industries I built. I derive my happiness on production lines, which I have found to be very interesting, it keeps me busy and fulfilled all the time, and I continuously pray for Nigeria every minute to be an industrialised country.” – Rasak Okoya China, the world industrial powerhouse, recently declared a trade surplus of one trillion dollars for the year 2024. This is approximately the size of Spain’s GDP and one quarter of…