BUSINESS
Tinubu Orders Payment Of Electricity Bill Owed By Aso Villa
President Bola Tinubu has ordered the payment of Aso Rock’s electricity bill to avoid disconnection in the nation’s seat of power. In an advertorial titled ‘Notice of disconnection’ published on Monday, the Abuja Electricity Distribution Company (AEDC) said the presidential villa owes an electricity bill of N923.87 million. It issued a 10-day notice to the presidential villa and 86 government ministries,...
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...
How Insecurity, Inflation, Lack Of Access To Funds Killed 2m Businesses In 5 Years — SMEDAN
The Director General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Olawale Fasanya has said that over two million businesses in Nano, Micro, Small and Medium Enterprises (nMSMEs) subsector died between 2017 and 2021 alone, pushing more than six million Nigerians into unemployment market. He said the death of the businesses was largely caused by insecurity that had denied...
Ikpeazu Orders Closure Of Scrap Markets In Abia Central, North, Sets Up Enforcement Committee
Abia State Governor, Dr Okezie Ikpeazu, has directed the closure of all scrap and waste markets in both Abia Central and Abia North senatorial zones of the state with immediate effect, till further notice. He had earlier instructed that similar marke...
How Buhari Intends To Spend $22.7m Foreign Loan
Here is how the Buhari administration plans to spend the loan and where the projects are located as contained in the document: INFRASTRUCTURE – Emergency road rehabilitation and maintenance ($434.7m, nationwide) – Abidjan-Lagos corridor highway development project study ($1.5m; multinational) – Abuja mass rail transit project (phase 2) ($1.25bn; FCT) – East-west road ($800m; Niger Delta) – Nigeria Housing Finance Project Guarantee Scheme ($100m;...
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...
ANAN FCT 1 Abuja To Host 2023 MCPD Programme
The Association of National Accountants of Nigeria, ANAN FCT 1 Abuja branch will host the 2023 edition of Mandatory Continuing Professional Development (MCPD) programme of the association. A release on Monday by the Central Planning Committee said the 3-day programme which has as the theme "Understanding Financial Disclosures On Sustainability" commences Monday, 6th — Wednesday 8th February, 2023. Venue is AGNL...
FG Targets Five Million Jobs From €995m Agric Programme
The Federal Government says it is targeting about five million jobs for farmers through the €995m agricultural mechanisation programme. The initiative was aimed at boosting food security for the country. ABN TV reports that under the initiative, it added that facilities comprising tractors and other agricultural machinery were expected to be leased out to Nigerian farmers. It stated that this was coming...
COVID-19: British Airline To Axe 12,000 Jobs
British Airways is set to make up to 12,000 workers redundant on the back of Covid-19 restrictions. The airline's owner International Airlines Group (IAG) announced the planned job cuts as it revealed that revenues plunged 13% in the first quarter of 2020. ABN TV reports, In a letter to staff, British Airways chief executive Alex Cruz said there is no longer...
Senate Backs Naira Redesign, Seeks Extension Of Mop Up Timeline For Old Notes
The Senate on Wednesday endorsed the proposed redesign of the country's official currency, Naira note by the apex bank, Central Bank of Nigeria but not without seeking the extension of deadline to mop up old notes. The Senate insists that the deadline of Tuesday, January 31 2023 to pay all cash in circulation into banks was too short and should...
