The Minister of Finance, Mrs. Kemi Adeosun, on Wednesday at the Federal Executive Council (FEC) meeting presented a Memorandum seeking approval for the issuance of the $1 billion Eurobond in the International Capital Market (ICM) and the appointment of Transaction Parties responsible for the execution of the programme. The minister noted that the $1 billion […]
All tax defaulters in Lagos State have up to December 16, to clear all outstanding payments or face the full wrath of the law. According to Ayodele Subair, executive chairman of Lagos State Internal Revenue Service (LIRS), all necessary machineries have put in place to ensure the enforcement of the tax laws with effect from December 17, […]
The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has warned Participating Financial Institutions (PFIs) in the country against charging double-digit interest rate on intervention funds guaranteed by the CBN. According to a statement by the CBN acting Director, Corporate Communications, Mr Isaac Okorafor, on Wednesday, Emefiele gave the warning in Abeokuta, Ogun. […]
Mayowa Okekale, Abuja For the country to get out of economic recession the petroleum industry must be made profitable and efficient. It has therefore, become imperative for Nigeria to comprehensively reform the oil and gas sector. This was the disclosure of the Senate Chairman, Committee on Petroleum Upstream, Senator Tayo Alasoadura, while delivering his remarks […]
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) said on Wednesday that it would embark on a three-day warning strike in 2017 if oil and gas companies failed to address workers’ welfare. NUPENG President, Mr Igwe Achese, who did not disclose the date in a statement signed in Lagos, said the union took the decision […]
The Federal High Court on Wednesday in Abuja struck out defamation suit filed by President Muhammadu Buhari against DAAR Communications, operators of the African Independent Television (AIT). Justice John Tsoho held that the court was compelled to strike out the suit because it appeared abandoned. According to him, no representations from the parties have been […]
The Police Service Commission has released the names of successful candidates in its just concluded recruitment exercise. In a statement issued on Tuesday by Police spokesman, Ikechukwu Ani, the Commission said the recruitment exercise was based on merit on federal character. “This is in fulfillment of the directive of President, at a Security Summit in […]
No fewer than 5,799 residents of Ogun State have been selected to participate in the first phase of the Federal Government Social Investment programme, N-Power Volunteer Corps (NPVC). The scheme is designed to help young unemployed Nigerian graduates acquire and develop skills to become solution providers in their communities and to become players in the […]
Minister of Information and Culture, Alhaji Lai Mohammed, has pledged to leave a legacy of turning Nigeria’s rich tourism potentials to a tourism economy. The Minister made the pledge in Abuja on Tuesday when he received the International Tourism Adviser of the United Nations World Tourism Organisation, Mr. Jim Flannery, who is in Nigeria to […]
The Central Bank of Nigeria (CBN) has promised to streamline logistics and mechanisms to ease access to funds for the development of the Small and Medium Scale Enterprise (SMEs). The Governor of the apex bank, Mr Godwin Emefiele, who announced the plan on Tuesday, said that of the 220 billion Naira earmarked for the sector […]