The Nigeria Labour Congress (NLC) has commended the Federal Government on its directives to the states to account for the previous Paris Club Refund released to them before being given the last tranche. Mr Ayuba Wabba, NLC president, gave the commendation in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja. […]
The Nigeria Labour Congress (NLC) has urged communication giant, MTN Nigeria to comply with the directive of the Federal Government to pay the over $10 billion tax arrears and illegal repatriation. Mr Ayuba Wabba, NLC president, made the call in a statement on Sunday in Abuja. Specifically, he said the NLC will advice MTN to […]
— IMO, AU partner AAMA As 4th conference commences in Egypt By Foster Obi The chairman of the Association of African Maritime Administrations AAMA, Dr Dakuku Peterside has restated the place of continental collaboration to grow the African maritime industry. This was the thrust of his message as he arrived Sharm El Sheik, Egypt for […]
The Nigerian government has slammed a caveat on the prophecy by the global banking giant HSBC which predicted that the second term of President Muhammadu Buhari would stunt the economy. Dismissing the bank’s bleak scenario for Nigeria post 2019, government said on the contrary, what killed Nigeria’s economy in the past was the unbridled looting […]
The National Bureau of Statistics (NBS) said the average cost of refilling a five kilogramme (kg) cylinder of Liquefied Petroleum Gas (Cooking Gas) increased to N2,05.14 in August from N2,01.45 recorded in July. The NBS disclosed this in its August 2018 “Liquefied Petroleum Gas (Cooking Gas) Price Watch” released in Abuja on Friday. According to […]
Britain is significantly stepping up efforts to tackle the dirty money funnelled by Russians and other “corrupt elites” into or through the United Kingdom, a senior police officer said on Friday. After the poisoning of former Russian spy Sergei Skripal and his daughter in March, an attack Britain has blamed on Russia, Prime Minister Theresa […]
Crude oil futures held on to gains in morning European trading Friday, edging higher as the market continued to weigh warnings of supply-side risks from the International Energy Agency. At 1055 GMT, the November ICE Brent crude futures contract was up 13 cents from Thursday’s settle at $78.32/b, while the NYMEX October light sweet crude […]
The United States is concerned that increased currency swap agreements between China and African nations will reduce visibility into financial transactions and will make it harder to prevent money laundering, a senior U.S. sanctions official said on Thursday. Marshall Billingslea, the U.S. Treasury Department’s assistant secretary for terrorist financing, told a congressional hearing that while […]
Nigeria’s inflation rate rose in August over the previous year for the first time in a year and a half, driven by food prices, the statistics office said on Friday. The slight jump, from 11.14 percent in July to 11.23 percent in August, curtails an 18-month run of falling rates from a peak of 18.72 […]
The International Energy Agency warned Thursday that the oil market is entering a “very crucial period” due to uncertainties over Libya and Venezuela and Iranian sanctions, and said demand in non-OECD countries was proving mostly resilient to currency depreciations. In its monthly oil market report, the IEA highlighted Venezuela’s continuing decline, this week’s attack on […]