Owing to low oil prices and its takeover of smaller rival BG Group, Royal Dutch Shell on Wednesday said it was cutting at least another 2,200 jobs. “Shell staff have today been informed about the progress being made on integrating BG into the company, and on further measures that are necessary to ensure Shell is competitive […]
The Economic and Financial Crimes Commission (EFCC) on Tuesday successfully secured the conviction of one Agumandu Christopher Nnamdi, before Justice F.N. Yunusa of the Federal High Court Enugu, Enugu, on a count charge bordering on money laundering. The convict was arrested by a team of Presidential Trans-border Task Force of the Nigeria Customs Service on […]
By Mayowa Okekale, Abuja President of the Senate, Bukola Saraki, on Tuesday said the reform of the nation’s railways system is critical to the much needed economic revival in the country even as he reiterated the commitment of the 8th Senate towards the passage of the National Railways Commission Bill before the end of the […]
Enugu State Government says that its Internally Generated Revenue (IGR) has risen from N450 million to N700 million monthly due to improved collection system. The Commissioner for Finance and Economic Development, Mrs Eucharia Uche-Offor, disclosed this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Enugu. Uche-Offor said that the increase […]
The Central Bank of Nigeria has decided to introduce a flexible exchange rate policy as it continues to monitor developments in the economy. This announcement was made on Tuesday by the CBN Governor, Godwin Emefiele, at the end of the two-day rate setting meeting by the Monetary Policy Committee (MPC) in Abuja. A communiqué issued […]
Popular comedian, Bill Cosby has been ordered to face trial on accusations of sexual assault by a Pennsylvania judge. Judge Elizabeth McHugh who made the order on Tuesday, found that prosecutors presented enough evidence to support allegations that he drugged and assaulted a woman in 2004. The judge rejected arguments from Cosby’s defense lawyers that […]
The Federal Government would require 166 billion dollars in the next five years to meet the country’s energy and transport infrastructure needs. The Minister of Transportation, Mr Rotimi Amaechi, made the disclosure at a public hearing in the House of Representatives on a Bill for an Act to Repeal the Nigerian Railway Corporation Act on […]
Amechi Obiakpu Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has called on all Electricity Distribution Companies (DISCOs) to ensure that all electricity consumers are supplied with meters. This, he said, will ensure that revenue realised will equate the amount of electricity consumed. Emefiele stated this over the weekend during the “4th […]
Louis van Gaal has been sacked as Manchester United manager, with the club bringing the Dutchman’s two-year reign to an end on Monday, reports from England said. “Van Gaal led United to the FA Cup on Saturday but it wasn’t enough to save him after he failed to qualify for the Champions League and received […]
Work resumes this morning across the country following the suspension, on Sunday evening, of the strike called by the Nigeria Labour Congress (NLC) to resist the new price of petrol. NLC President Ayuba Wabba announced the suspension of the strike after an emergency meeting of its organs – the National Working Committee and the National […]