Business

PPP still an alternative for infrastructure dev’t - FG

The federal government has stressed that Public Private Partnership, PPP, model remains a sustainable option for the development of infrastructure in Nigeria.

The Permanent Secretary, Federal Ministry of Finance, Alhaji Mahmoud Isa-Dutse said the model is a credible alternative to traditional p [...]

Sat, 18 May 2019


Minimum wage: FG, labour negotiating salary adjustment

Minister of finance, Zainab Ahmed, has said government is in talks with labour unions over consequential salary adjustment to be made for other cadre of workers, following the implementation of the new minimum wage.

According to her, the Presidential Committee set up by President Buhari has alr [...]

Sat, 18 May 2019


FG cautions NBS board against interference

Members of the newly inaugurated board of the National Bureau of Statistics, NBS, have been asked to stick to their mandate and avoid all forms of interference that could hamper smooth operation of the bureau.

Minister of Budget and National Planning, Senator Udo Udoma, gave the warning while i [...]

Fri, 10 May 2019


NCC to begin phase II of SIM auditing

The Nigerian Communications Commission, NCC, said it would soon launch the second phase of its ongoing audit of Subscriber Identity Module, SIM, registration database and registration processes across all Mobile Network Operator, MNO, platforms.

NCC in a recent statement, said the exercise was [...]

Fri, 10 May 2019


Electricity: Abuja residents groan over blackout

Residents of Abuja have condemned the total blackout that engulf the city over the weekend, saying electricity providers have not lived up to the purpose for which the sector was privatised.

Most parts of the FCT was thrown into total black since last Thursday as the Abuja Electricity Distribut [...]

Fri, 10 May 2019


Emefiele triumphs above expectations

President Muhammadu Buhari’s request to the National Assembly seeking the re-appointment of Mr. Godwin Emefiele as Governor of the Central Bank of Nigeria, CBN, has put to rest the debate that shrouded the twilight of the governor’s first tenure.

With the failure of most governors t [...]

Fri, 10 May 2019


Federal allocation drops by .32% in March

Federal allocation to the three tiers of government dropped by 0.32percent, as the Federation Account Allocation Committee distributed N617.56billion as allocations for the month of March.

The amount represented a decrease of N2.19billion when compared to the N619.85billion allocated in the mon [...]

Sun, 05 May 2019


SEC moves to ease unclaimed dividend in capital market

As part of efforts to further reduce the volume of unclaimed dividends in the Nigerian capital market, the Securities and Exchange Commission, SEC, has asked beneficiaries of deceased investors to claim their dividends.

The Acting Director General of the Commission, Ms. Mary Uduk said the quant [...]

Sun, 05 May 2019


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