BUSINESS
Yahaya Bello Lauds Buhari For Recognising Kogi As Oil Producing State
Gov. Yahaya Bello of Kogi has expressed the state government’s appreciation to President Muhammadu Buhari recognizing it as one of the Oil-producing states. This is contained in a statement by Mr Onogwu Muhammed, Chief Press Secretary to Bello on Wednesday. ”Gov. Bello conveyed his thank you message to Mr President during his visit to the Presidential Villa, Abuja, on Tuesday. ”Kogi was...
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...
Dangote Refinery To Employ 57,000 Personnel — Aliko Dangote
The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, has unveiled plans to increase the human capacity at the Dangote Refinery Project site from 40,000 to 57,000 personnel in the coming months. According to him, the project currently employs 29,000 Nigerians and 11,000 foreigners at the 650,000 barrels-per-day world’s largest single refinery project located in Ibeju Lekki area of Lagos. This is...
We Are Borrowing Wisely – Minister of Finance
Minister of Finance Zainab Ahmed has stated that the present administration is prudently borrowing to address the country’s infrastructure deficit. Ahmed, speaking at a news conference on the National Bureau of Statistics’ (NBS) latest report on the economy’s growth, remarked that there will be regrets if no investment returns revenue in the future. READ ALSO: After NDA Attack, Mbaka Warns Over...
CBN Orders Banks To Publish Names, BVN Of Forex Defaulters
The Central Bank of Nigeria (CBN) has directed all banks to publish names of customers who try to break the rules on Forex acquisition on their website. The CBN on Monday, August 30th issued a circular (BSD/DIR/PUB/LAB/14/059) to all banks lamenting that it has “received and noted with concern reports of sharp practices by some unscrupulous customers to circumvent the...
You Can’t Increase Electricity Tariff When Workers’ Wages Remain Stagnant, NLC Cautions FG
The Nigeria Labour Congress (NLC) has urged the Federal Government not to increase electricity tariff. The umbrella labour union said while many sectors, including Power, have been increasing tariffs, which have placed more burdens on Nigerians, especially the workers, there have not been commensurate increases in workers’ wages. The NLC said five months after a seven-man technical committee on electricity tariff...
Nigeria Sets Date To Commence Aeroplane Manufacturing, Partners Hungarian Company
Before the end of 2023, Nigeria may be among the countries that manufacture aeroplanes as the federal government has entered into a partnership with a Hungarian airplane manufacturing company. Expressing readiness to established an assembling plant in Nigeria, the Minister of Aviation, Hadi Sirika said that the partnership with the Magnus aircraft manufacturing industry in Hungary would pave way for...
Reduce External Borrowing, Lawan Begs Buhari
President of the Senate, Dr. Ahmad Lawan, has advised President Muhammadu Buhari to reduce borrowing from external lending houses to fund the country’s annual budgets. Lawan said the administration should, instead, focus on blocking financial leakages and avoiding wastage in all tiers of government. Lawan declared these on Monday in Abuja in a chat with newsmen after a close-door meeting...
We’re Unhappy Over FG’s Plan To Borrow Fresh N5.62 Trillion — Reps
The House of Representatives has expressed displeasure over the plan by the federal government to borrow N5.62 trillion to finance deficit in the 2022 budget, while these agencies starve the government of fund. It criticised some government agencies that conceal their revenues, thereby denying the Federal Government the fund for budgeting. Chairman, House Committee on Finance, James Faleke, made this known,...
BEWARE: Criminals Increasingly Using Cryptocurrencies
Criminals in Italy and Germany are increasingly making use of cryptocurrencies, according to the customs directorate in Bonn, Germany. “The use of cryptocurrencies for online payment in the context of criminal offences is clearly on the rise,’’ the directorate said in a recent statement. According to investigators’ findings, in most cases, the perpetrators use Bitcoin and the currency Monero. READ ALSO: Germany...
