President Muhammadu Buhari has unveiled a Micro Pension Plan for people operating in the informal sector of the economy, even as he promised to halt the rot in the nation’s pension system. The President, while unveiling the pension plan on Thursday in Abuja, noted that those in the informal sector needed to be captured in […]
Author: Isaac Umunna
Nigeria Immigration Service not recruiting – Comptroller General
The Nigeria Immigration Service (NIS) says it is not recruiting, contrary to information on “some fake dedicated website”. NIS Comptroller-General, Muhammad Babandede said this in a statement issued in Abuja on Thursday and signed by the Public Relations Officer of the Service, Sunday James. “The attention of the Comptroller General of Immigration, Mr Muhammad Babandede, […]
Nigeria: MOSOP Petitions Buhari, UNPO, EU Over OML 11
Movement for the Survival of the Ogoni People (MOSOP) has petitioned President Muhammadu Buhari over Federal Government’s planned resumption of oil production in Ogoniland. It said the purported move smacked of disdain and mockery of the Ogoni struggle against exploitation of international oil companies (IOCs) in the last three decades. MOSOP President, Legborsi Saro Pyagbara, […]
Trump calls for OPEC to boost oil production, says price too high
U.S. President Donald Trump on Thursday called for the Organization of the Petroleum Exporting Countries (OPEC) to boost oil production to lower the price of the commodity. “Very important that OPEC increase the flow of Oil. World Markets are fragile, price of Oil getting too high. Thank you!” Trump wrote in a post on Twitter. […]
Interest rate cut threatens foreign portfolio investments – Analysts
Analysts have said the reduction of the Monetary Policy Rate, also known as benchmark interest rate, may dampen foreign investors in the nation’s stock market. The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday reduced the MPR from 14 per cent to 13.5 per cent. The MPR had been held at a […]
Nigerians spend N767.23bn on airtime in three months
Subscribers to mobile telecommunications services in Nigeria spent about N767.23bn on airtime purchase from November 2018 to January 2019, investigations have revealed. This figure is based on the number of subscribers in the three months under review, which was obtained from the Nigerian Communications Commission, and the industry’s Average Revenue Per User provided by network […]
CBN Moves to Reintroduce Cashless Policy Nationwide
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has unveiled plan to extend the cashless policy nationwide almost two years after the policy was halted. Emefiele said all necessary structures have been put in place to improve banking services in the country. He made this remark Wednesday during the First Bank of […]
Federal, States, LGAs share N619.9bn allocation for February
The three tiers of government, made up of the Federal, 36 States and the Federal Capital Territory and 774 Local Governments, on Wednesday shared N619.9 billion as statutory allocation from the Federation Allocation Account for February 2019. A communiqué by the Technical Sub -Committee of the Federation Accounts Allocation Committee (FAAC) at the end of […]
NNPC closes recruitment portal, begins short listing of applicants
The Nigerian National Petroleum Corporation (NNPC) on Wednesday closed its portal for ongoing recruitment exercise and began short listing of applicants. Ndu Ugahmadu, the corporation’s spokesman, disclosed this in a statement in Abuja. The News Agency of Nigeria (NAN) reports that the portal was opened on March 13. The NNPC is an equal opportunity employers […]
Nigeria: Court to Resume $406.7m Oil Shipment Suit Against Shell On June 6
A Federal High Court in ALagos will on June 6 resume trial in a suit filed by the federal government against Shell Western Supply & Trading Limited over alleged 406.7 million dollars deprivation in crude oil shipment. The suit numbered FHC/L/CS/336/16 was filed in Lagos by Prof. Fabian Ajogwu (SAN) on behalf of the federal […]