Category: Economy

Economy, Featured, News, News Now

Buhari reconstitutes NNPC board

President Muhammadu Buhari has reconstituted the board of the Nigerian National Petroleum Corporation( NNPC). According to the statement by the Special Adviser on Media and publicity to the President, Femi Adesina, the President ‘approved the reconstitution of the Board of the Nigerian National Petroleum Corporation (NNPC), after the expiration of the term of the board members appointed in 2016.’ ‘Members of the new Board are … Continue reading Buhari reconstitutes NNPC board

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Former Nigerian President, Obasanjo, Sacks Workers, Refuses To Pay Salaries

Nigeria’s former President, Olusegun Obasanjo, has sacked staff of the Olusegun Obasanjo Presidential Library, Abeokuta, Ogun State, SaharaReporters has confirmed. In a letter by its Head of Human Resources, Administration and Procurement, Olanike Ogunleye, the management of the OPL said the organisation was overwhelmed by the adverse effects of the Coronavirus pandemic and had found it hard to sustain its workforce. The letter reads in … Continue reading Former Nigerian President, Obasanjo, Sacks Workers, Refuses To Pay Salaries

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ICPC Discloses Measures taken in Managing Covid-19 Funds

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has disclosed various measures being taken to ensure transparency, accountability, and rectitude in the management of the Federal Government’s Covid-19 management funds and palliatives. These were part of the highlights of a Zoom Webinar tagged: Covid-19 Funds Management and Monitoring: Preventing a Slide into Old Habits organised by the Commission and anchored by its Chairman, … Continue reading ICPC Discloses Measures taken in Managing Covid-19 Funds

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FG to pay unemployed youths N20,000 to maintain public infrastructure

As part of President Muhammadu Buhari’s agenda to reduce the unemployment rate in the country, the Minister of State for Labour and Employment, Mr. Festus Keyamo (SAN), said that the Federal Government has agreed to pay the sum of twenty thousand naira, (20,000), to unemployed youths, for three months, to maintain public and social infrastructures in the country. Disclosing this at a news conference, Keyamo … Continue reading FG to pay unemployed youths N20,000 to maintain public infrastructure

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COVID-19: Nigerian-British bilateral relationship remains strong – envoy

The Nigerian-British Chamber of Commerce (NBCC) has commended Nigeria’s commitment to the removal of fuel subsidy, tackling the forex regime, and reforming the power sector. The British Deputy High Commissioner to Nigeria, Ms. Harriet Thompson, made the commendation in a report on Thursday. The report made available to newsman in Lagos stemmed from the Bilateral Trade Webinar with the theme: ”Nigerian-British Bilateral Relationship Post COVID-19”. … Continue reading COVID-19: Nigerian-British bilateral relationship remains strong – envoy

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Rivers State Cassava Plant To Employ 4,500 Persons – Wike

The Rivers State Cassava Processing Company located at Afam, Oyigbo Local Government Area will soon come on stream. Governor Nyesom Wike who stated this Thursday after inspecting the plant pointed out that the company when fully operational would employ 4,500 persons and also boost agriculture in the state. He stated that the State Government has a 70 percent equity share in the project which is … Continue reading Rivers State Cassava Plant To Employ 4,500 Persons – Wike

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Economy, Featured, Health, LifeStyle, News, News Now, Transportation

Lagos BRT operator says services resume Friday

The operator of the Lagos Bus Rapid Transit (BRT), Primero Transport Services Ltd., says it will restore services on Friday, following talks with the Lagos State Government over the withdrawal of its services. The News Agency of Nigeria (NAN) reports that the BRT operator had withdrawn its services since Monday over losses due to COVID-19 new transport guidelines that mandated it to commute only 20 … Continue reading Lagos BRT operator says services resume Friday

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Buhari attends UN high-level event on development financing amid COVID-19

President Muhammadu Buhari is currently participating in a virtual United Nations High-Level Event on Financing for Development in the Era of COVID-19 and Beyond. Buhari is participating at the invitation of the United Nations Secretary-General António Guterres. The High-Level Event is jointly hosted by Prime Minister Justin Trudeau of Canada and Prime Minister Andrew Holness of Jamaica. The event brings together world leaders and international … Continue reading Buhari attends UN high-level event on development financing amid COVID-19

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Buhari seeks fresh $5.5bn loan from NASS

President Muhammadu Buhari has written to the Senate, seeking its approval to borrow a fresh $5.5 billion from international development banks and other global financial institutions. According to a letter read on the floor of the Senate, the loan will be used to fund the deficits in the 2020 budget, occasioned by the outbreak of the deadly COVID-19. The President is also seeking international loans … Continue reading Buhari seeks fresh $5.5bn loan from NASS

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‘US has belittled AfDB’ — Obasanjo, Zainab Ahmed write board

Former President Olusegun Obasanjo and Zainab Ahmed, the minister of finance, budget, and national planning, have urged the board of the African Development Bank to ignore calls for an independent investigation of Akinwumi Adesina by the US. Adesina, who is the president of the AfDB, was accused of favouritism and has been absolved of the allegations by the bank’s ethics committee. In separate letters seen … Continue reading ‘US has belittled AfDB’ — Obasanjo, Zainab Ahmed write board

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