The Federal Government believes the new price regime for the downstream petroleum sector will go a long way in tackling the hardship faced by Nigerians and create additional 200,000 jobs in the country,the News Agency of Nigeria (NAN) reported yesterday quoting from a bulletin issued by the Ministry of Petroleum Resources. It said that the […]
Read More [T]he Federal Government has said it has no agreement with organised labour for a review of the National Minimum Wage every five years. The Executive Chairman, National Salaries Income and Wages Commission, Dr. Richard Egbule, said the issue of the five-year period for the review of the national minimum wage was part of recommendations made by […]
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[su_dropcap]T[/su_dropcap]he Finance Minister, Mrs. Kemi Adeosun has set out government’s plan to reset Nigeria’s economy with structured borrowing, targeted investment and diversified growth. Speaking at a special event hosted by the Lagos Business School, she said: “We have inherited a set of conditions that requires us to refine how we collectively work towards ushering in a […]
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WEST African Institute for Financial and Economic Management Director-General Prof. Akpan Hogan Ekpo has urged the Federal Government to invest in infrastructure to develop the economy. He spoke at the Inaugural Lecture of Centre for Financial Journalism at the Civic Centre, Lagos. Prof. Ekpo, who delivered the lecture titled: “The Nigerian Economy in Distress; Policy Choices […]
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The Federal Government spent N248bn on foreign trips embarked upon by officials in Ministries, Departments and Agencies of government. The money, according to a statement by the Federal Ministry of Finance, represents 18 per cent of the total overhead expenditure for the period. The statement signed by the Special Adviser to the Finance Minister, Mr Festus […]
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NIGERIA is in talks with oil majors and banks to raise capital for new drilling and to repay up to $4bn in debt that the Nigerian National Petroleum Corporation has accumulated over years of mismanagement. The Minister of State for Petroleum, Dr. Ibe Kachikwu, told Reuters that he wanted to increase crude oil output to […]
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