BUSINESS
FG Blasts PDP Governors Over Comment On Hardship In Nigeria, Says Party Part Of The Problem
The Federal Government has blamed the governors elected on the platform of the Peoples Democratic Party (PDP) for the economic hardships Nigerians are facing. ”It is a fact that many of the PDP Governors have not paid N30,000 minimum wage to their workers since it took effect more than 4 years ago. All of these anomalies in their states contribute...
Salary Delay In 90 MDAs Resolved, As FG Hails Workers For Their Patience
The federal government has said all affected federal workers in about 90 Ministries, Departments and Agencies (MDAs) have received their January salaries. Top officials at the Head of Civil Service of the Federation (OHoCSF) and selected MDAs told Daily Trust that they have interacted with colleagues and their subordinates, who all confirmed that they received their salaries. They pleaded not to...
Fresh Borrowing: Reps Approve Buhari’s $16bn, €1bn Loan Requests, $125m Grant
House of Representatives, yesterday, approved President Muhammadu Buhari’s request for new externally borrowing comprising $16.2 billion and €1.020 billion. The House also approved a grant component of the external funding plan amounting to $125 million in the President’s request. The approval was granted during the consideration of report on the ‘Request for a concurrent approval of donor fund projects under the...
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...
Seven Major Marketers Get Approval To Sell Dangote Fuel
The seven major oil marketers in Nigeria have registered with the Dangote Petroleum Refinery for the lifting and distribution of refined petroleum products produced by the $20bn plant. Dealers under the aegis of the Major Oil Marketers Association of Nigeria confirmed on Sunday that with the registration, they would commence the distribution of fuel produced from the facility once the...
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...
Fubara Signs ₦1.1trn Rivers 2025 Budget Into Law, Says Only One House Of Assembly Exists
Rivers State Governor, Siminalayi Fubara, has signed the ₦1.1 trillion 2025 Budget into law. Fubara, in a speech after signing the bill into law on Thursday, January 2, 2025, thanked the Victor Oko-Jumbo-led State Assembly for doing a good job. The governor insisted that the only House of Assembly existing in the state was the one led by Oko-Jumbo. The governor made...
It’s Not Responsibility Of Electricity Consumers To Buy Transformers, Poles, Others — FCCPC
The Federal Competition and Consumer Protection Commission has declared that it is not the responsibility of electricity consumers/customers or communities to buy, replace or repair transformers, poles, cables and related items used in power supply. The disclosure was made on Wednesday in Benin, the Edo State capital by FCCPC’s Executive Commissioner, Operations, Dr. Adamu Abdullahi, in his remarks at the...
AuGF Pledges Support To ANAN On Environmental, Disaster-Related Auditing
Auditor General for the Federation, Mr. Aghughu Adolphus has pledged the readiness of his office to partner with a leading professional accounting body in Nigeria, Association of National Accountants of Nigeria, ANAN in incorporating performance, environmental and disaster-related auditing into its curriculum. While suggesting that this incorporation can come by way of separate surveys or at the professional examination of...
Billionaire Daughter, Hauwa Indimi, Laments High Cost Of Tomato
Hauwa Indimi-Yar'adua, the daughter of billionaire oil entrepreneur Mohammed Indimi, has expressed concern about growing food prices in the country. Taking to her verified Instagram account, the cosmetologist shared a photo of a small basket of tomatoes she purchased in Abuja for N8,000, adding that she is "still not over it yet." According to the News Agency of Nigeria, due to...
