• NBS: Nigeria’s Q2 merchandise exports hit N3b

    The National Bureau of Statistics (NBS) said  Nigeria’s total export value stood at N3,102 billion in the second quarter, representing a marginal increase over the first quarter. The NBS stated this in ”Foreign Trade in Goods Statistics for Second Quarter 2017,’’ released yesterday in Abuja. The bureau stated that the ...

  • Fraud: FG Orders Probe Of Ex-JAMB, NIMASA Bosses

    by Jonathan Nda-Isaiah,  Abuja The federal government has ordered the probe of past heads of the Joint Admission and Matriculation Board (JAMB) and  the Nigerian Maritime Administration and Safety Agency (NIMASA), over what it called poor remittances in the past. The minister of Finance, Kemi Adeosun, disclosed this to State ...

  • Nigeria collaborates with journalists on high-quality measles vaccination campaign

    Source: World Health Organization Country: NigeriaThe 2017-2018 vaccination campaign is planned to be conducted in phases by geographical zones from October 2017 to March 2018, in collaboration with all stakeholders, particularly journalists.Abuja, 12 September 2017-As part of preparations towards a high quality exercise, a press briefing heralding the implementation of a ...

  • New UN humanitarian chief seeks more funds for Lake Chad Basin crisis

    Source: UN Office for the Coordination of Humanitarian Affairs Country: NigeriaImportant progress has been made in delivering life-saving relief to millions of people in north-east Nigeria. However, the complex Lake Chad Basin crisis will require sustained international support over the coming years. (Abuja, 12 September 2017): At the end of a two-day ...

  • PHOTOS: Protesting pensioners cause traffic jam in Abuja

    Pensioners who are protesting the non-payment of their pension arrears have taken their agitations to the gates of the Ministry of Finance in Abuja. The protest, due to the large number of the people, led to a traffic jam on the roads leading to and from the ministry. See the ...

  • BREAKING: Pensioners protest non-payment of arrears in finance ministry

    Ifeanyi Onuba, Abuja Some retired civil servants on Wednesday stormed the ministry of finance to protest the non-payment of their accrued pensions. The workers numbering about 100 carried placards with various inscriptions demanding explanations from ministry officials on why the backlogs of their pensions have not been paid. The demonstration ...

  • Stakeholders flay FG over idle $100m cabotage fund

    Anna Okon Piqued by the death of indigenous shipping companies due to lack of funds and unfavourable policies, maritime stakeholders have queried the Federal Government’s wisdom in warehousing over $100m in the Cabotage Vessel Finance Fund, thereby defeating the purpose for which it was set up. Speaking in Lagos on ...

  • Was furore over recent appointments in NNPC justified?

    Prof. Abubakar Suleiman (A former Minister of National Planning) The furore is justified. The Nigerian National Petroleum Corporation is a parastatal within the Ministry of Petroleum and as you know, oil has for a long time remained the mainstay of Nigeria’s economy. This is something we draw from the South-South ...

  • Aiico, Flour Mills, Nestle top losers, market sheds N63bn

    Stanley Opara Aiico Insurance Plc, Flour Mills Nigeria Plc, Nestle Nigeria Plc, Continental Reinsurance Plc and Linkage Assurance Plc emerged the top five losers at the close of trading on the floor of the Nigerian Stock Exchange on Tuesday, as equities depreciated by N63bn. The Nigerian equities market extended losses ...

  • ‘Change’ taking place in agric sector, says Buhari

    Anna Okon and Godwin Isenyo President Muhammadu Buhari in Kaduna on Tuesday inaugurated the $150m Olam Poultry Farm and Feed Mill with a declaration that ‘change’ was gaining momentum in the agricultural sector of the nation’s economy. The President also noted that Nigeria’s exit from recession, according to the National ...

  • FG to provide insurance cover for ranch operators

    Ifeanyi Onuba, Abuja The Federal Government on Tuesday said it would provide insurance cover and agro-rangers for ranch operators to curb cases of cattle rustling as well as clashes between farmers and herdsmen. Vice President Yemi Osinbajo said this in Abuja at a national conference on the transformation of the ...

  • Buhari to demand repatriation of looted funds at UN Assembly

    Adelani Adepegba, Abuja President Muhammadu Buhari will demand the repatriation of looted public funds to countries of origin, including Nigeria at the forthcoming 72nd United Nations General Assembly, holding in New York, the Foreign Affairs minister, Geoffrey Onyeama, said on Tuesday in Abuja. He explained that the President  would lead ...

  • Premium Pension boss kicks against payment of 75% lump sum to retirees

    Allowing retirees to withdraw 75 per cent of their pension contributions under the Contributory Pension Scheme (CPS) is wrong, Chief Marketing Officer, Premium Pension Limited, Kabir Tijani, has said. Tijani made this known at a briefing on the proposed bill on lump sum payment of up to 75 per cent to ...

  • PMB Performs First Function Outside Aso Villa In Kaduna After Medical Vacation

    …Says Nigerians Must Go Back To Farming MSUE AZA,Kaduna President Muhammadu Buhari on Tuesday in Kaduna, commissioned the 150 million dollar Olam Poultry Farm and Feed Mill, saying Nigerians must go into full farming to build the nation’s distressed economy. The inauguration of the farm facility is the first official ...

  • ASCSN gives FG seven-day ultimatum, begins strike Sept 18

    Friday Olokor, Jos The Association of Senior Civil Servants of Nigeria has given the Federal Government seven days to settle all its debts to federal workers or risk a three-day nationwide warning strike. The organisation, an affiliate of the Trade Union Congress of Nigeria, said the action was scheduled to commence on September ...

  • UDUS receives books from PUNCH

    Adeniyi Olugbemi, Sokoto The management of the Usmanu Danfodiyo University has commended Punch Nigeria Limited for donating books on subjects, such as business and entrepreneurial skills, to Nigerian universities. The Deputy Vice-Chancellor (Academics) at the university, Prof. Atiku Yahaya,  gave the commendation while receiving four copies each of three sets ...

  • NNPC Trading to handle 80% of crude lifting contracts

    Everest Amaefule, Abuja The Nigerian National Petroleum Corporation plans to award 80 per cent of crude lifting contracts to one of its subsidiaries, the NNPC Trading Limited. At the moment, 39 local and foreign firms are engaged in the crude lifting deals. The Managing Director of NNPC Trading Limited, Mr. ...

  • CBN injects fresh $250m into forex market

    Oyetunji Abioye The Central Bank of Nigeria on Monday intervened with another sum of $250m in the foreign exchange market The regulator said in a statement that the move was meant to keep the inter-bank foreign exchange market liquid. A breakdown of Monday’s intervention indicated that the wholesale sector was ...

  • Govt generates N1.2bn in 12 months from alien cards

    Adelani Adepegba, Abuja The Federal Government generated N1.2bn in the last one year from the sale of the Combined Expatriate Residence Permit and Aliens Card to foreigners living and working in the country. It was gathered that the money was remitted to the government by Continental Transfer Technique Limited, the ...

  • Driving local content through collaboration

    The success stories of the enactment of the Local Content Law in the oil and gas industry cannot only be seen in the increased local participation of indigenous players in the upstream, midstream and downstream subsectors of the industry; it is also in the reduction of capital flight. Nigerian carriers ...

  • Board arrests 1,429 beggars in Kano

    The Kano State Hisbah Board arrested 1,429 beggars for violating the law banning street begging, between January and August, according to Malam Dahiru Muhammed, an official of the board. Muhammed, who is specifically attached to the board’s Anti-Begging Unit, told the News Agency of Nigeria on Monday in Kano that ...