BUSINESS
We’ve Not Seen Reflection Of Uzodimma’s N40,000 Minimum Wage Increase, Imo Workers Cry Out
Imo state workers on Saturday complained that there was no increment in their salaries as promised by the Governor of the state, Hope Uzodimma. They made their feelings known in a statement issued to newsmen in Owerri and signed by the state Chairman of the Nigeria Labour Congress, NLC, Phillip Nwansi alongside other affiliate bodies. It should be recalled Uzodimma promised...
NNPCL To Hand Over Port Harcourt Refinery To Private Operators
As the Port Harcourt oil Refinery comes to life, the Nigerian National Petroleum Company Limited NNPCL has concluded plans to hand over the government refinery to private operators. The NNPCL said it is seeking to engage reputable and credible operations and maintenance companies to operate and maintain the Port Harcourt Refining Company. This, it said, was “to ensure reliability and sustainability...
Omoniyi Bows Out As ANAN FCT 1 Chairman
After two years of fruitful sojourn as the chairman of Association of National Accountants of Nigeria, ANAN FCT 1 Abuja branch, Wahab Shina Omoniyi on Saturday officially took his exit. He handed over mantle of leadership to his successor, Shavah Elisha Andrew who emerged through a virtual electioneering exercise at Merit House Maitama Abuja. Elected at the peak of COVID-19 in...
Cash Swap: FG Wants Only N200 Old Notes To Remain Legal Tender Till April – El-Rufai
Nasir El-Rufai, Governor of Kaduna State, has revealed that the Federal Government has proposed that only the old N200 notes remain legal tender until April 10, 2023. Muyiwa Adekeye, Governor El-Rufai's Special Adviser on Media and Communication, stated this on Wednesday. The governor denied reports that the governors of the All Progressives Congress met with the federal government on Wednesday. He did, however,...
Governors Are Devastated By New Naira Policy Because They Can’t Buy Votes Again — Sanusi
A former governor of the Central Bank of Nigeria, Lamido Sanusi, claims governors are angry with the new naira policy because they will not be able to buy votes during the February 25 and March 11 elections. On Sunday, Mr Sanusi advised would-be voters to disregard the governors and other politicians’ opposition to the naira swap. “It is the politicians’ plan...
FG To Amend The 2020 Budget Oil Benchmark To $20 Per Barrel
Plans are ongoing by the Federal Government to review the 2020 budget to reflect an oil benchmark of $20 per barrel. A report by Reuters quoted the Minister of Finance, Budget and National Planning Minister, Zainab Ahmed, who disclosed this on Tuesday during a web conference about the impact of low oil prices on Nigeria’s economy. A further downward revision will...
Port Harcourt Old Refinery Will Commence Operation December, FG Assures
The Minister of State for Petroleum Resources, Chief Timipre Sylva, on Wednesday, said that the Old Port Harcourt Refinery would become functional by December this year. The Minister disclosed this when he briefed State House correspondents at the end of the Federal Executive Council FEC, meeting presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja. Sylvia said...
National Assembly Passes N21.83trn 2023 Appropriation Bill Into Law
The National Assembly has passed the 2023 appropriation bill at N21.83 trillion. This shows an increase of N1.32 trillion from the N20.51 trillion budget proposal of President Muhammadu Buhari. A breakdown of the budget indicates an allocation of N967.5 billion for statutory transfers, N6.6 trillion for debt servicing, N8.3 trillion for recurrent expenditure, and N5.9 trillion for capital expenditure. Meanwhile, the Senate...
Young Nigerians To Undergo Training On Cultural Tourism Economy In China
Young Nigerians will undergo critical cultural tourism training in China, which is strategically billed to reduce unemployment and crime, and also mobilise the youths to drive the Nigerian creative cultural tourism economy. The cheering development was disclosed by the Director General of the National Council for Arts and Culture (NCAC), Otunba Segun Runsewe, who is leading an African delegation to...
We’ll Pursue Expansion Policies To Fight Recession – CBN
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the bank will pursue expansionary monetary policies to fight recession because the fiscal policy was already constrained. Emefiele said this was necessary to curb the rising inflation and address recession in the economy. He said this was part of the resolutions of the Monetary Policy Committee meeting held...
