Briga News Nigeria …As Hotel Owners Beg Governor Oborevwori To Intervene, Say Businesses Are Dying Hoteliers, residents and other business owners in Warri, Effurun and their environs have lamented the continued power outage in the commercial never centres of Delta State, saying that their businesses are fast crumbling to the total blackout. Warri, Effurun, Osubi,…
Briga News Nigeria Abuja—Adewale Adeniyi, the comptroller general (CG) of the Nigeria Customs Service (NCS), says waivers and concessions granted to investors by the administration of Muhammadu Buhari, former president, cost the country N1.3 trillion. Adeniyi said customs would have generated more income for Nigeria’s consolidated revenue fund in 2023 without the waivers and concessions…
Briga News Nigeria The World Bank has the Nigerian naira is among the worst-performing currencies in the African continent. According to the global bank, the naira weakened by nearly 40 per cent against the United States dollar since it was devalued in June. It made this known in its report titled, ‘Africa’s Pulse: An analysis…
Briga News Nigeria On Tuesday, the naira experienced a significant drop, breaching the significant psychological barrier of 1,000 per dollar in the parallel market. This decline occurred in anticipation of Nigerian lawmakers conducting a review of Olayemi Michael Cardoso for the position of the new head of the nation’s central bank. The exchange rate increased…
Briga News Nigeria President Bola Tinubu has on Monday advanced his economic development diplomatic drive for investment attraction as he engaged extensively in a bilateral discussion with South African President, Cyril Ramaphosa, in New York City, ahead of the United Nations General Assembly. President Tinubu asserted that Africa must have a consensus view that the…
Briga News Nigeria The 650,000 barrels per day Dangote Refinery is yet to begin production after the August commencement date, earlier announced by the President, Dangote Group, Aliko Dangote. While delivering his speech at the official commissioning of the refinery by former President Muhammadu Buhari in May, he said, “Your excellencies, distinguished guests, our first…
Briga News Nigeria A group in the All Progressives Congress (APC) known as the League of Youth Voters for Tinubu and Shettima, has called on President Tinubu to as a matter of urgency address the rising cost of living in the country. The National-Coordinator of the group, Ayoola Oyejide, made the appeal at a press…
Briga News Nigeria …Shell Director Hails Tinubu’s Strong Start, Positive Reforms President Bola Ahmed Tinubu has assured the business community of his government’s commitment to policy consistency and better business climate to attract investment. The President spoke Monday while receiving the delegation of the Shell Petroleum Development Company (SPDC) led by the Global Upstream Director,…
Briga News Nigeria The World Bank on Tuesday commended Delta State Government for its exemplary partnership in programme delivery. The Bank’s NG-CARES Task Leader, Professor Foluso Okumadewa gave the commendation when he led a delegation of the Nigeria COVID-19 Action Recovery and Economic Stimulus Program on courtesy visit to Governor Sheriff Oborevwori at Government House,…
Briga News Nigeria 1. Increased Foreign Investment: President Tinubu’s participation in the summit can attract foreign investors, leading to job creation and economic growth. 2. Strengthened Partnerships: Nigeria can enhance its relationships with multilateral development banks and international financial institutions, gaining access to financial support and advisory services. 3. Debt Restructuring or Forgiveness: The global…