NLC Carpets World Bank For Advising FG To Sell Petrol N700 Per Litre
The Nigeria Labour Congress (NLC) has condemned the advice by the World Bank to the Federal Government to increase petrol prices to N750 per litre. NLC President, Joe Ajaero said this on Friday in Abuja in a statement, titled: ”World Bank’s N750 per litre for premium motor spirit is a threat to Nigerians economy”. It would be recalled that the World...
Labour Rejects Harbour, Ports Bill
The two in-house unions in the nation’s maritime industry have rejected the Ports and Harbour Bill at the National Assembly, seeking to repeal the Act that sets up the Nigerian Ports Authority, NPA. The unions are the Maritime Workers Union of Nigeria, MWUN, and the Senior Staff Association of Statutory Corporations and Government-Owned Companies, SSASCGOC, NPA, branch. They warned that the...
Illegal Pipeline Connection In Abia Costs Nigeria $7.2m Monthly, FG Says
A federal government delegation to the oil-producing areas of Nigeria has discovered numerous illegal pipeline connections robbing Nigeria of millions of dollars in revenue. The team noted that a particular pipeline in Owaza in Abia state has been damaged by oil thieves, causing a revenue loss of $7.2 million dollars per month. The delegation, that visited the Niger Delta region at...
Osinbajo Praises Uzodimma Over Oguta/Orashi Dredging
Vice President Yemi Osibanjo has lauded the plan to dredge the Oguta/Orashi river as an economic transformation project, describing the effort as a game changer for the government of Governor Hope Uzodimma and the people of Imo State. He spoke yesterday at Oguta at a ceremony to flag-off the hydro-graphic survey and dredging of Oguta Lake and Orashi River to...
Emefiele risks jail term over $53m garnishee order
The Governor of Central Bank of Nigeria, Mr Godwin I. Emefiele risks being committed to prison for failing to honour a Garnishee Order Absolute to pay the balance of $53m due and payable under the said Order to Mr Joe Agi (SAN) and team of lawyers that facilitated the Paris Club fund matter for the Federal Government. Justice I. E....
FG Commences Skill Acquisition Training In South-East Zone
The Federal Government has commenced the training of youths and unemployed in the South-East zone, in various Skills as an alternative to white collar jobs. Dr Chris Ngige, the Minister for Labour and Employment, while flagging off the training in Owerri, Imo State capital, noted that Skills education would equip them with self-employment and self-reliant skills that would serve them...
Nigerians Will Pay Higher Electricity Tariffs – FG Assures IMF
Nigerians will pay much higher electricity tariff in 2021, going by promises made by the Federal Government, FG to the International Monetary Fund, IMF while seeking the $3.4bn emergency financial assistance recently approved for Nigeria. The Executive Board of the IMF approved the Rapid Financing Instrument, which the Federal Government plans to use to address the economic impact of the...
New approach to taxation pushes A’Ibom IGR to all-time high of N24.8billion in 2019
Abasifreke Effiong Akwa Ibom state has moved from 16th position on the Internally Generated Revenue (IGR) rating table in 2015 to number six (6) on the table in 2019, going by the latest rating released by the Joint Tax Board (JTB). The state's IGR reached an all-time high of N24.8billion within eight months, January to August 2019. This amount represents...
Bailey Bridge Ohafia Shuts Down Midnight Monday For Maintenance
Member representing Arochukwu/Ohafia federal constituency, Hon. Uko Nkole has announced the closure of Bailey bridge located along Ohafia -ABAM for maintenance starting from midnight of today monday 01/03/2021. This is contained in a statement issued by Ibem Onwuka, Media Assistant to the House of Representatives member. This is to enable the authorities carry out a repair work on the collapsed bridge. All...
Agriculture, Youth Vocational Training, Enyimba Economic City Top Agenda As Ikpeazu Meets French Minister
Abia State Governor, Dr Okezie Ikpeazu, has canvassed for greater cooperation between the State and the French Government to help develop the agriculture sector, micro small, and medium scale enterprises as well as the Enyimba Economic City Project. Speaking in Paris during a meeting with the French Minister For Trade and Commerce, Franck Riester, Governor Ikpeazu who applauded the existing...
