Every barrel of crude oil produced and exported out of Nigeria is now being tracked by the Federal Government in collaboration with the Economic and Financial Crimes Commission, the Minister of State for Petroleum Resources, Ibe Kachikwu, declared on Tuesday. Kachikwu said the government and the EFCC recently commenced the tracking of vessels lifting crude […]
By Foster Obi The Managing Director of the Nigerian Ports Authority (NPA), recently received an Award for Excellence from Foreign Investment Network (FIN) for her contributions to the Maritime Industry during the 2019 Petroleum Industry Award in Abuja. In the pix, representative of the Managing Director, Nigerian Ports Authority, the General Manager, Corporate & Strategic […]
House of Representatives on Tuesday approved N30.000 as new minimum wage for Nigerian workers. Minimum Wage The approval followed the consideration of the report of the new minimum wage committee at Tuesday plenary. The House also approved a clause that would make the new bill operational on the date it would be assented to by […]
Femi Otedola, billionaire businessman, has disclosed how the Department of State Services (DSS) gave him the $500,000 he offered to Farouk Lawan, a former lawmaker. According to NAN, Otedola disclosed this before Angela Otaluka, a judge of the federal capital territory high Court, Apo, on Monday. Lawan was the chairman of a House of Representatives […]
Nigeria is still perceived as a country deep in corruption without clear policies to address the menace, Transparency International said on Tuesday. The anti-corruption campaigner released its 2018 Corruptions Perceptions Index (CPI) Tuesday, finding Nigeria has “neither improved nor progressed in the perception of corruption in the public administration in 2018.” The Civil Society Legislative […]
Crude oil futures stabilised in mid-morning trade in Asia Tuesday after a sharp overnight plunge in settled prices, but the outlook remains volatile ahead of key trade events. At 10:25 am Singapore time (0225 GMT), ICE March Brent crude futures edged up 11 cents/b (0.18%) from Monday’s settle at $60.04/b, while the NYMEX March light […]
The Chairman of the Nigerian Governors Forum, Abdulaziz Yari, has warned National Assembly against passing a new National Minimum Wage that would be difficult for states to pay. Mr Yari, who is the governor of Zamfara State, issued the warning in an interview with journalists on the sidelines of the public hearing on new National […]
Chris Ngige, Minister of Labour and Employment, says the Nigerian government did not approve N30, 000 as national minimum wage as believed. He stated this at the public hearing on the national minimum wage bill ongoing in Abuja. According to Ngige, the notion that the government approved N27, 000 and N30, 000 as the national […]
The United Nations Environment Ecosystem Based Adaptation for Food Security Assembly (UNEP-EBAFOSA) has said the biggest problem Africa is facing today, especially Nigeria, is youth unemployment, which requires about 11 million jobs every year to engage the unemployed. The regional coordinator, United Nations Environment Ecosystem Based Adaptation for Food Security Assembly (EBAFOSA), Dr. Richard Munang, […]