The Nigeria Labour Congress (NLC), the umbrella body of workers in the country, starts its delegates conference in Abuja today. Comrade Ayuba Wabba, and his executive council members are expected to be returned unopposed on the occasion. TONY AKOWE reports that old challenges await the leadership to confront. The Nigeria Labour Congress (NLC) will hold […]
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Between the end of 2014 and the first quarter of 2017, the job of heading the Central Bank of Nigeria (CBN) was not an enviable one. Nigeria was faced with the harshest economic realities which culminated in its worst recession and the common man on the street could only ask – and reasonably so – […]
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The recent signing of Executive Order 007 2019 by President Muhammadu Buhari to allow private companies construct and refurbish roads across the country, the two-year old Nigeria Industrial Policy and Competitiveness Advisory Council (Industrial Council) has chalked another landmark achievement in accelerating infrastructure development for economic growth. The Executive Order is a Road Infrastructure Development […]
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First Bank of Nigeria Limited has announced its sponsorship of the 2019 Social Media Week (SMW), Lagos, scheduled to hold this week. The 2019 event is themed; STORIES: With Great Influence Comes Great Responsibility” The yearly event is a weeklong conference convened to provide the ideas, trends, insights and inspiration to help people and businesses […]
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The Management of Nigeria Ports Authority (NPA) says it will continue to maintain an atmosphere of peace, synergy and collaboration in its host communities across the country. The NPA Managing Director, Hadiza Usman, said this on Monday during the commissioning of a newly renovated school hall at the Government Secondary School Adiabo, near Calabar, Cross […]
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The National Bureau of Statistics (NBS) says that private security guards companies employed no fewer than 828, 502 people in Nigeria from 2013 to 2018. The NBS made the disclosure in its Private Security Guards Data from 2013 to 2018 posted on its website on Monday. The bureau, based in Abuja explained that the guards […]
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The total credit to the Federal Government rose by 34 percent to ₦4.87 trillion in 2018, while credit to the private sector rose marginally by 1.96 percent to ₦22.73 trillion. This was revealed by the Central Bank of Nigeria, CBN, in its Depository Corporation survey released last week. The survey also showed that banks’ current […]
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States Internally Generated Revenue (IGR) including the Federal Capital Territory (FCT) dropped to ₦264.38 billion in the third quarter of 2018 (Q3 2018) compared to ₦279.78 billion in the preceding quarter, according to the National Bureau of Statistics (NBS). The figure indicated a negative growth of 5.08 per cent quarter on quarter. According to Internally […]
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The Federal Government, yesterday, announced its plans to spend about ₦40.3 billion on the reconstruction of nine public buildings which it said are currently in bad shape. Minister of Works, Power and Housing, Mr. Babatunde Raji Fashola, who disclosed this in Abuja, said the projects would be executed under the National Maintenance Framework for public […]
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Against the backdrop of the worsening public power supply, new data have emerged showing that manufacturers in Nigeria spent a total of ₦246.38 billion generating their own electricity between 2016 and 2017. Further analysis of the data compiled by the Manufacturers Association of Nigeria showed that the operators spent ₦129 billion in 2016 and ₦117.38 […]
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Members of the House of Representatives Committee on Banking and Currency Thursday commended the Central Bank of Nigeria’s (CBN) for its corporate social responsibility (CSR) projects known ‘Centre of Excellence.’ The lawmakers made the remark during the inspection of one of the on-going project at the University of Lagos. The Post Graduate School projects, cited […]
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The Nigerian Shippers Council has decried the absence of incentives for practitioners in the shipping sector of the economy. The Executive Secretary, NSC, Hassan Bello, described the development as neglect, saying that it stood out painfully in the basket of incentives offered by the Central Bank of Nigeria, Ministry of Finance, and Federal Inland Revenue […]
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