BUSINESS
FG, Health Workers Agree 65 Years Retirement Age, Increased Salary
The Federal Government has announced a deed with aggrieved Joint Health Sector Unions (JOHESU) and Assembly of Healthcare Professions Association. On September 3, the unions issued a two-week ultimatum to the government to meet their demands. On Tuesday, Labour Minister, Chris Ngige held a five-hour conciliation meeting with the leadership of JOHESU in Abuja. Ngige told reporters that an understanding was reached on a...
Buhari Says His Government Took Painful Decisions To Invest For Prosperous Future, Insists Pain ‘Short Term’
President Muhammadu Buhari has explained how his administration took painful decisions to invest for a prosperous future of all Nigerians. Speaking on Tuesday in Saudi Arabia at an investment conference organised by the Future Investment Initiative Institute, the Nigerian leader said upon assuming office in 2015, his government understood the importance on inclusive policies for sustainable peace. “In the past six...
CBN Makes U-turn, Withdraws Circular On Cybersecurity Levy
The Central Bank of Nigeria, CBN has withdrawn the circular directing banks and other financial institutions to implement the 0.5 per cent cybersecurity levy. The withdrawal of the circular was announced via a statement signed by Haruna Mustafa, Director, of Financial Policy and Regulation, Department, and Chibuzo Efobi, Director, of the Payment System Management Department. The circular stated: “The Central Bank...
MAN, RMRDC Call For Tech-Driven Solutions To Strengthen Local Manufacturing
The upcoming 2025 Nigeria Manufacturing and Equipment (NME) Expo, held alongside the Nigerian Raw Materials (NIRAM) Expo, will spotlight the adoption of indigenous technology to strengthen local manufacturing and support the Federal Government’s ‘Nigeria First’ policy. Jointly organised by the Manufacturers Association of Nigeria (MAN) and the Raw Materials Research and Development Council (RMRDC), this year’s event is themed “Accelerating...
Nigeria to export rice in two years – Minister of Agriculture
The closure of Nigeria’s land borders has caused an increase in domestic production of rice and the country is set to export the commodity, the Minister of Agriculture and Rural Development, Sabo Nanono, announced on Tuesday. Nanono said the closure of the land borders had resulted in increased output by many rice milling plants which were operating below capacities before...
Fuel Scarcity: Abia Govt Directs IPMAN To Resume Supply Or Risk Sanction
Following the scarcity of petroleum products that has hit Abia, over withdrawal of supply by tanker drivers, the state government has directed the drivers under the Independent Petroleum Marketers Association of Nigeria (IPMAN) to immediately resume supply or face sanction. This is contained in a release on Saturday signed by the Secretary to the State Government, Barr. Chris Ezem. The state...
FG Stops Purchase Of Vehicles
Federal Government has stopped what it called non-critical and administrative capital spending, including the purchase of vehicles. The Special Adviser to the President on Media and Publicity, Femi Adesina, disclosed this in a document tagged, “What you need to know about the Nigeria Economic Sustainability Plan” made available to journalists in Abuja on Thursday. The plan was developed by the Economic...
5,000 Ginger Farmers Get FG Support
The Federal Government through the National Agricultural Development Fund, NADF, has provided agricultural inputs as a form of intervention to smallholder ginger farmers in Kaduna State following the effect of ginger blight disease on their farms across seven local government areas. About 5,000 smallholder farmers made losses during the 2023 farming season due to the effect of ginger blight disease...
CBN Announces Fee Waiver For Bureau De Change License Renewal In 2025
The 2025 license renewal fee for all bureau de change (BDC) operators has been waived by the Central Bank of Nigeria (CBN). Jonah Onojah, the director of the financial policy and regulation department, recently announced the development, saying the waiver took immediate effect. The statement reads, “This is to inform all existing bureaux de change that, further to the Regulatory and Supervisory...
Chevron Nigeria To Sack 25% Of Workforce
Chevron Nigeria Limited has said it will slash its workforce by 25 percent as it is reviewing its manpower requirements in the light of the changing business environment. CNL disclosed this on Friday in a statement entitled ‘Chevron Nigeria Limited reviews workforce in accordance with business exigencies’. The oil major said it would continue to evaluate opportunities to improve capital efficiency...
