In line with its belief that the future of Nigeria should be in Nigerian hands, Samsung Heavy Industries (SHI) has set a new record on Nigerian Content in the oil and gas industry as it has trained another batch of internationally-certified female welders. Speaking to journalists, one of the beneficiaries of the training and one […]
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Governorship Candidate of the People’s Democratic Party (PDP) in Lagos, Mr. Jimi Agbaje, OON, has blasted vested interests in the state for corruption on the matter of land acquisition and compensations. Agbaje said the trend had been for the ruling forces dominating state affairs in the last 19 years to shortchange land owners and resell […]
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About 2, 000 textile workers of Nigerian Braiding Manufacturers (NBM) in Kano are on the verge of been to the labour market,as the Asset Management Corporation of Nigeria AMCON is allegedly making moves to begin sale process of the Company over ₦1.5 billion debt. The unaided workers comprising 400 staff and over 1, 500 casuals […]
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A total of ₦649.198 billion has been distributed as Federal Allocation for the month of December, 2018 among the Federal Government, State Governments and Local Government Councils. The communiqué issued by the Technical sub -Committee of Federation Accounts Allocation Committee (FAAC) indicated that the Gross statutory revenue received was ₦547.462 billion which was lower than […]
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Members of the organised labour have vowed to moblise workers to the National Assembly to attend the Public Hearing on the new minimum wage bill scheduled to hold on Monday. Addressing journalists after a meeting of the Central Working Committee of the Nigeria Labour Congress (NLC), the President, Ayuba Wabba said that labour will be […]
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The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler on Thursday assured Nigerians that his agency would handsomely surpass the ₦5.3 trillion revenue generated in 2018. In a chat with finance journalists on Thursday in Abuja, Fowler said the Service will leverage on robust IT platforms to ensure maximum revenue collection. He explained […]
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Nigerian Bottling Company Limited (NBC), has transformed its Enugu plant into a hub for material handling and logistics for the region. According to the company, the decision to transform the plant from a production facility to a logistics and distribution hub was largely informed by the desire to deliver better value to its esteemed consumers […]
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The Nigeria Deposit Insurance Corporation (NDIC), Thursday, disclosed it remitted ₦7 billion into the Consolidated Revenue Account (CRF) as its operating surplus for 2018 financial year, in line with the dictates of the Fiscal Responsibility Act. The Managing Director/ Chief Executive of the Corporation, Umaru Ibrahim made the disclosure at the inauguration of its newly-appointed […]
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The National Pension Commission (PenCom) Wednesday disclosed that about 8.41 million Nigerians are presently captured in the Contributory Pension Scheme (CPS). The commission disclosed this in its Pension Fund Assets Summary as at December 2018, that was obtained Wednesday. PenCom’s spokesman, Mr. Peter Aghowa, disclosed that the number would rise in the coming days as […]
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The National Pension Commission (PenCom), has said the micro pension scheme which will be launched this month will add additional ₦3 trillion to the existing ₦8.45 trillion pension assets. The commission, which also said the scheme would bring in about 20 million contributors into the contributory pension scheme(CPS), stated that all was set for the […]
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday cautioned the federal government on the sharp increase in the size of the nation’s external debt which rose by 109 percent to $21.6 billion as at September 30th 2018, from $11.28 billion on June 30th, 2015. Meanwhile, the committee retained the Monetary […]
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The Monetary Policy Committee (MPC) has retained the Monetary Policy Rate at 14 per cent to combat inflation due to foreseen increase in global and domestic risk to the country’s economy. The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, said this when he briefed newsmen in Abuja on Tuesday on the outcome […]
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