The Economic and Financial Crimes Commission (EFCC) will be demanding the assets declaration forms of all bankers across the country. Addressing State House correspondents in Abuja, the chairman of the anti-graft agency, Abdulrasheed Bawa, announced that bankers would be required to present the forms from June 1. He briefed reporters on Tuesday following a meeting […]
Nigeria’s unemployment rate has increased from 27.1% to 33.3% in the fourth quarter of 2020. According to the Labour Statistics Report released by the National Bureau of Statistics (NBS) on Monday, the figure is 6.1% higher when compared to the 27.1% recorded in the second quarter last year. “The number of persons in the economically […]
The consumer price index, which measures the rate of increase in the price of goods and services, increased to 17.33 percent in February. This is the highest point since April 2017. According to the CPI/Inflation report released by the National Bureau of Statistics (NBS) on Tuesday, the food inflation stood at 21.79 percent, the highest […]
The Presidential Task Force on COVID-19 says it is aware of the increasing concerns about the Oxford/AstraZeneca vaccine, noting that Nigeria has suffered a major setback in the campaign to make citizens and residents take the jabs. The PTF also decried some prominent Nigerians who had been using the cases of side effects, especially in […]
The Federal Government on Sunday explained why it was constructing a narrow gauge railway on the Eastern rail line as opposed to the clamour for a standard gauge line. Minister of Transportation, Rotimi Amaechi, gave the explanation in a statement issued by his media aide, Taiye Edeni. He said the standard gauge line was going […]
The Federal Government has been called upon to extend the reduction of duties and tariffs on cars and minivans that carry less than 10 persons. Recently the government reduced the duties and tariffs on imported vehicles that carry more than 10 persons from 35 per cent to five per cent, a development that was greeted […]
A Nigerian firm, Zenith Carex, has been blacklisted by Global Fund for an alleged $3 million fraud. Zenix was accused of systematically inflating invoices for the distribution of health commodities to warehouses and health facilities throughout Nigeria. In its latest report published March 9, the Office of the Inspector General (OIG) of the Global Fund […]
A nongovernmental organisation, Patriots for the Advancement Of Peace and Social Development (PAPSD) has called on President Muhmmadu Buhari to direct the anti-graft agencies to conduct a thorough investigation into allegations that the $1billion funds meant for the purchase of arms to strengthen Nigeria’s anti-terror war got missing under the leadership of the ex-service chiefs. […]
By Foster Obi Two weeks after the introduction of Eto, the electronic truck call-app, the Nigerian Ports Authority (NPA) said it is pleased the operations have justified the conviction that, “we have finally found the solution to the problem of truck congestion in the access roads into the Lagos Port Complex and the Tin Can […]
Dr Isa Pantami, Minister of Communications and Digital Economy, said on Thursday that plans had reached advanced stage to unbundle the Nigerian Postal Service (NIPOST). Pantami stated this in Abuja at the unveiling and launching of Nigeria at 60 commemorative postage stamps. The News Agency of Nigerian NAN reports that two stamps in N500 and […]