The plan, which was approved by the Federal Executive Council earlier in November, was launched, yesterday, at the State House in Abuja. Prior to the public presentation of the official document, the Minister of Finance, Budget, and National Planning, Zainab Ahmed disclosed that the new document replaces the Economic Recovery and Growth Programme … [Read more…]
Six power plants under the management of the Niger Delta Power Holding Company have stopped operations due to a breach in the supply of gas to the facilities. A letter from the NDPHC to the Managing Director of the Nigerian Bulk Electricity Trading Plc stated that the breach was reported by the Nigeria Gas Company, … [Read more…]
The Federal Executive Council meeting has approved N65.39bn in foreign and local denominations to execute power projects in the country. The Minister of Power, Abubakar Aliyu, disclosed this to State House Correspondents on Thursday at the end of an extraordinary meeting of FEC presided over by Vice President Yemi Osinbajo at the Presidential … [Read more…]
Bolt, Uber drivers earning up to N120,000 weekly, need to be taxed: Reps The House said these companies benefit “from facilities of the Federal Government such as road and security network which grants them ease of doing business.” The House of Representatives has resolved to setup a committee to investigate whether operators of internet-based ride … [Read more…]
Use of common seal by companies no longer mandatory – CAC boss The Registrar-General, Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has said the use of common seal by companies is no longer mandatory. Abubakar said this in statement issued on Thursday in Abuja, signed by Mr Rasheed Mahe, CAC’s Media Head, after declaring open … [Read more…]
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) said, yesterday, the review of the 2021 budget has led to discovery of 257 duplicated projects worth N20.138 billion. Chairman of ICPC, Prof. Bolaji Owasanoye, made the disclosure at the third national summit on Diminishing Corruption in Public Sector, with the theme: Corruption and … [Read more…]
Emeritus Archbishop of Abuja, Cardinal John Onaiyekan, has called on the Federal Government to tackle the menace of abandoned street children in order to end the country’s security problems. Onaiyekan made the call in Abuja yesterday while speaking at the premiere of ‘’The Oratory’’, a movie raising awareness on the plight of street … [Read more…]
The President, Nigeria LPG Association, Mr. Nuhu Yakubu, said the association had been engaging with relevant agencies, with a view to addressing the issues. Speaking at the just-concluded 11th International Conference and Exhibition in Lagos, he said: “As an association, we are currently engaging with respective government agencies in addressing issues around … [Read more…]
THe Pentecostal Fellowship of Nigeria (PFN) has cautioned the Federal Government against further aggravating the suffering of Nigerians through the proposed subsidy removal. Its President, Bishop Wale Oke, noted that the implementation of such a policy could increase the hardship being experienced, especially by the masses. Breaking News, Nigerians can now work in … [Read more…]
Ingrace Group unveils “Water on Wheels” project. Ingrace Group has launched a project named ‘Water On Wheels’, which will facilitate the availability of clean, portable water at the doorstep of Enugu residents via online booking. Speaking at the launch which took place on 26th November, 2021, Chinedu Onu, the Founder/President of Ingrace Group of Companies … [Read more…]
CBN spends N58.6bn to print 2.52bn Naira notes The Central Bank of Nigeria spent the sum of N58.6 billion to print 2.52 billion Naira notes valued at N1.1 trillion in 2020. Disclosing these yesterday in its Annual Currency Operations report for 2020, the apex bank also said it utilized $1.83 billion within the same year … [Read more…]
Angry Igbo youths, yesterday, accused the Federal Government of deliberately arresting successful Igbo sons for selfish and political motives. Their anger followed the recent arrest of Igbo billionaire entertainer, Obinna Iyiegbu, popularly known as Obi Cubana, by operatives of the Economic and Financial Crimes Commission (EFCC) over alleged money laundering and tax evasion. … [Read more…]