We’ll choose oil assets insurer transparently- Kyari

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, has assured of a transparent process in the selection of the insurer of the corporation’s oil assets in 2020/2021.

Kyari gave the assurance in Abuja, during the public bid opening for companies that participated in the expression of [...]

West African FIUs move headquarters to Nigeria

West African Financial Intelligence Units have unanimously voted to move their headquarters to Abuja, Nigeria’s capital.

The Forum of West African Financial Intelligence Units took the decision at a meeting in Dakar, Senegal, last Wednesday, to relocate the headquarters from its temporary site in Cotonou, Benin Republic to Abuja.

NEDC, World Bank review $200m North-East rehabilitation fund

In a bid to review the level of utilization of the $200m North- East Rehabilitation fund, the North East Development Commission, NEDC, World Bank and other development partners have resolved that 50% of the rehabilitation funds has been utilized.

Speaking with journalists after the review, the Managing Director, NEDC Alhaji Alkali Mohamme [...]

Restructuring: Fashola fears `Brexit experience’ for Nigeria

The Minister of Works and Housing, Babatunde Fashola, has expressed fears that Nigeria may experience the Brexit experience, unless youth in the country are given political education to make them understand the issue of restructuring.

The News Agency of Nigeria (NAN) reports that a cross-section of Nigerians has been clamouring consistent [...]

Guy Ryder, ILO, lauds Nigeria over new minimum wage

The Director General of the International Labour Organization, Mr. Guy Ryder, has lauded Nigeria over the recent conclusion of the implementation method of the new minimum wage of N30, 000 by President Muhammadu Buhari administration.

The commendation is contained in a statement by the deputy director, press and public relations, Comrade [...]

Projects worth billions rot away in FCT

Government projects worth billions of naira have been allowed to rot away across most of the area councils of the Federal Capital Territory, FCT, either due to the lack of maintenance, under-utilization or the lack of funding for their completion.

Most of the projects which were initiated by past administrations have been abandoned, with [...]

Total blackout looms over GenCos threat

As Nigerians continue to grapple with epileptic power supply and intermittent collapse of the national grid, there are fears of total nationwide blackout if threat the Power Generation Companies, GenCos, is to be taken seriously.