BUSINESS
Elon Musk Buys Twitter
Twitter said Monday it has agreed to sell itself to Elon Musk, who will take the company private in a deal valued at around $44 billion. The deal caps off a whirlwind news cycle in which the Tesla and SpaceX CEO became one of Twitter's largest shareh...
FG Says Abuja-Kaduna Train Operations To Commence Soon As Repair Of Bombed Rail Track Concluded
The Federal Government says it has completed repair of the damaged track on the Abuja-Kaduna rail line. Engr. Fidet Okhiria, Managing Director of the Nigerian Railway Corporation (NRC), disclosed this in a statement on Thursday. In the statement, whi...
Prices Of Bread To Soar As Bakery Owners Threaten Nationwide Strike Over Increasing Production Cost
Premium Breadmakers Association of Nigeria (PBAN), comprising owners, Managing Directors and Partners of premium bakeries in Nigeria, have concluded plans to embark on four-day warning strike beginning from Thursday July 21, 2022. The bread makers to...
ANAN Abuja Chairman, Omoniyi Felicitates With Oduwa Izekor On Investiture As ICAN Abuja, District Society Chairman
The Chairman Association of National Accountants of Nigeria, ANAN FCT 1, Abuja, Wahab Shina Omoniyi, FCNA has congratulated Mr. Oduwa Joseph Izekor FCA on his investiture as the Institute of Chartered Accountants of Nigeria, ICAN Abuja and District S...
AIICO, others get PenCom approval for govt contracts
The National Pension Commission (PenCom) has granted a certificate of compliance to AIICO Insurance Plc and other 190 firms to seek Federal Government contracts this year following their compliance with regulations on employees’ contributions. The commission disclosed this in a statement published on its website. According to PenCom, the Pension Reform Act 2014 requires firms to contribute a certain percentage to match up with employees’ contribution for retirement...
FG not planning to borrow N2trn pension fund for infrastructure – Finance Minister
Dr Zainab Ahmed, Minister of Finance, Budget and National Planning, on Friday, dispelled the report that the Federal Government was planning to borrow N2trillion pension funds for infrastructure development. Ahmed stated this in Lagos at Udo Udoma & Belo-Osagie (UUBO) second private equity summit with the theme: ‘Drivers, Disruptors and Unlocking Value.” She said that the government was not borrowing the fund for...
BREAKING: Buhari, Emefiele, Kyari, Others Hold Emergency Meeting Over Oil Crash
President Muhammadu Buhari and officials dealing with government finances are meeting right now. Those attending are the Minister of Finance, Budget and National Planning, Zainab Ahmed; Minister of State Petroleum Resources, Timipre Sylva; and the Minister of State, Budget/National Planning, Clement Agba. Other officials of government attending the meeting include the Governor of the Central Bank of Nigeria, Godwin Emefiele; and...
Coronavirus will put severe strain on Nigeria’s budget – Finance minister
The Minister of Finance, Budget, and National Planning, Zainab Ahmed, has said the novel Coronavirus, which had led to a huge drop in crude oil prices worldwide, would put a severe strain on the Federal Government’s budget. She said with the attendant effects of the spread of the virus, the time had come for the country to begin to live...
BREAKING: Nigeria Joins OPEC To Cut Crude Oil Production
The Federal Government on Friday said crude oil price would rebound by at least $15 per barrel in the short term following the latest intervention of the Organisation of Petroleum Exporting Countries and its allies, jointly referred to as OPEC+. Minister of State for Petroleum Resource, Timipre Sylva, said the rebound could translate to additional revenue of $2.8bn for Nigeria. He...
FG To Cut Agencies To Reduce Governance Cost – Finance Minister
The President, Muhammadu Buhari, has approved the implementation of the Steve Oransaye Committee report on the rationalisation of government agencies. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this while appearing on a Channels TV programme, Politics Today. The Presidential Committee on the Rationalisation and Restructuring of Federal Government Parastatals, Commissions, now commonly referred to as the...
