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BUSINESS

Residents of Bwari Area Council and some other areas in the Federal Capital Territory, FCT, Abuja have been plunged into total blackout over power failure.

Residents of Bwari Area Council and some other areas in the Federal Capital Territory, FCT, Abuja have been plunged into total blackout over power failure. According to Reports, Bwari, Ushafa, Kubwa, Dutse-Alhaji, and other areas in the council were cut off from power supply since Sunday night without prior notice. The situation is said to have crippled some economic activities in the area council.

todayNovember 30, 2022 2

BUSINESS

The House of Representatives has commenced investigation of the Memorandum of Understanding between the Federal Ministry of Communications and Digital Economy and the Government of China on an optic fibre project worth $475million.

The House of Representatives has commenced investigation of the Memorandum of Understanding between the Federal Ministry of Communications and Digital Economy and the Government of China on an optic fibre project worth $475million. At the plenary on Thursday, the House mandated its Committee on Information and Communication Technology to “investigate the status of implementation of Phase 1 of the project. These resolutions were based on the unanimous adoption of a […]

todayNovember 25, 2022 4

BUSINESS

The Independent Shareholders Association of Nigeria has kicked against the Central Bank of Nigeria’s imposition of 0.5 per cent levy on commercial banks to fund the Asset Management Corporation of Nigeria.

The Independent Shareholders Association of Nigeria has kicked against the Central Bank of Nigeria’s imposition of 0.5 per cent levy on commercial banks to fund the Asset Management Corporation of Nigeria. According to the shareholders, AMCON had now received N453.47 billion as levies from commercial banks between 2020 and the first quarter of 2022. The shareholders said the corporation received N146.9 billion in 2020, N180.67 billion in 2021, and N125.9 […]

todayNovember 21, 2022 5

BUSINESS

The Speaker of the House of Representatives, Femi Gbajabiamila, says Nigeria needs leaders that will groom the young ones to take over leadership in the country.

The Speaker of the House of Representatives, Femi Gbajabiamila, says Nigeria needs leaders that will groom the young ones to take over leadership in the country. Gbajabiamila who spoke in Abuja at the graduation of the first 74 trainees of the Legislative Mentorship Initiative held at the National Assembly, noted that the absence of such a transition in leadership remained a setback for the country’s growth. He stressed there was […]

todayNovember 7, 2022 12

BUSINESS

Kogi State has received its first derivation allocation as an oil-producing state.

Kogi State has received its first derivation allocation as an oil-producing state. Governor Yahaya Bello disclosed this during the State Executive Council meeting on Thursday, assuring the people of the determination of his administration to continue to record more wins for Kogites. He said the derivation allocation will afford the State government the ability to do more for the people.

todayOctober 21, 2022 10

BUSINESS

The United States has pledged $1 million in immediate humanitarian assistance to support the people affected by unprecedented flooding in Nigeria.

The United States has pledged $1 million in immediate humanitarian assistance to support the people affected by unprecedented flooding in Nigeria. The support which will come through the U.S. Agency for International Development, provides emergency shelter assistance, relief commodities, and hygiene kits to promote safe and healthy practices amid the ongoing cholera outbreak, and multipurpose cash assistance for people impacted by the devastating floods.

todayOctober 21, 2022 13

BUSINESS

The Speaker of the House of Representatives, Rep. Femi Gbajabiamila, is displeased over the brain drain phenomenon that has hit the medical sector in the country.

The Speaker of the House of Representatives, Rep. Femi Gbajabiamila, is displeased over the brain drain phenomenon that has hit the medical sector in the country. Gbajabiamila described as unacceptable, a situation whereby over 2,000  resident doctors have left the shores of the country, with about 800 leaving in the last eight months, bringing the average to about a hundred medical doctors leaving the country monthly in search of better […]

todayOctober 21, 2022 6

BUSINESS

The House of Representatives’ Ad Hoc Committee to Investigate the Petroleum Products Subsidy regime from 2013 to 2022 has summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed, to appear before it on Tuesday next week for questioning.

The House of Representatives’ Ad Hoc Committee to Investigate the Petroleum Products Subsidy regime from 2013 to 2022 has summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed, to appear before it on Tuesday next week for questioning. Ahmed is to appear before the committee with all the documents demanded by the lawmakers relating to subsidy claims and payments in the period under review. Chairman of the committee, […]

todayAugust 10, 2022 20

BUSINESS

President Muhammadu Buhari has expressed happiness over the appointment of Bishop Peter Okpaleke of Ekwulobia Diocese of Anambra State, as a Cardinal in the Catholic Church by Pope Francis.

President Muhammadu Buhari has expressed happiness over the appointment of Bishop Peter Okpaleke of Ekwulobia Diocese of Anambra State, as a Cardinal in the Catholic Church by Pope Francis. In a statement signed by his Senior Special Assistant on Media and Publicity, Garba Shehu, Buhari commended the Pope for finding a capable Nigerian in the person of Bishop Okpaleke to be one of the two nominees from the African continent. […]

todayJune 3, 2022 32

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