Nigerian miners seek engagement with FG over reviving Ajaokuta Steel Mill
Aderemi Ojekunle
October 28, 2020
Onome Amuge A group of professional miners, under the auspices of the Miners’ Association of Nigeria (MAN), has charged the federal government to actively engage them in the planned reconstruction and operational revival of the Ajaokuta Steel Company Limited. The miners made the call following a Memorandum of Understanding between the Nigerian and Russian governments […]
Lagos reopens all markets fully for the first time since COVID-19
Aderemi OjekunleOctober 27, 2020
Markets in Lagos State are now allowed to open fully on a daily basis as the Lagos State governor, Babajide Sanwo-Olu has given his approved for this to happen across the state. Wale Ahmed, the Lagos State commissioner for Local Government and Community Affairs, made this known on Tuesday in a statement. Ahmed noted that […]
Anambra State sees return to normalcy, but N4.2trn economy still harried
BEN EGUZOZIEOctober 27, 2020
Ben Eguzozie Anambra State government announced that ‘life has returned to normal’ in the state after the mayhem of last week which saw gangs attack law enforcement agents, burn down police stations, vandalize public buildings, extort monies from law-abiding citizens and make life generally difficult for the people. This followed from weeks of #EndSARS protests […]
Looting, Vandalism: LSETF partners with private sector to get Lagos-based businesses back on their feet
Saviour AdugbaOctober 27, 2020
Saviour Adugba The Lagos State Employment Trust Fund (LSTEF) is partnering with private sector players to help looted businesses and businesses with vandalised properties get back on their feet in the wake of the vandalism and lootings that businesses in the state have experienced in the past few days after protests about police brutality turned […]
CACOVID calls for end to palliatives looting across Nigeria
Businessam StaffOctober 27, 2020
Says state governors did not hoard palliatives Nigerian Governors Forum denies that governors hoarded palliatives The Private Sector-led Coalition Against COVID-19 (CACOVID) has called for an end to the looting of COVID-19 palliatives donated by the coalition across the country, stating that it is “deeply concerned by the recent events.” The coalition said this in […]
NigeriaSugar importation rises despite government’s self-sufficiency goal
Onome AmugeOctober 26, 2020
Onome Amuge The demand for sugar in the Nigerian domestic market has recorded a surge and is currently the country’s third biggest import, only surpassed by wheat and petroleum products. The Nigerian Ports Authority in its latest importation report stated that the country has imported 239,750 metric tonnes of sugar in the months of September […]
NNPC says reports it bribed NANS, funded vote-buying in Ondo false
BEN EGUZOZIEOctober 16, 2020
Ben Eguzozie, in Port Harcourt State-owned oil company, Nigerian National Petroleum Corporation (NNPC), says reports that it bribed the National Association of Nigerian Students (NANS) and funded the All Progressives Congress (APC) to buy votes in the September 2020 Ondo State gubernatorial elections are false. It said a section of the media (not including Business […]
Delta contests Financial Derivatives’ ‘fairly miserable state’ assessment
BEN EGUZOZIEOctober 16, 2020
Ben Eguzozie, in Port Harcourt The Delta State government has described as faulty and a misrepresentation of the prevailing economic indices in the state, a publication by the Financial Directives Company (FDC) on the state’s economy, in which it (FDC) described the oil-rich state as fallen under the “fairly miserable states in the country” ranking. […]
Cross River begins performance review of top 50 revenue generating MDAs
BEN EGUZOZIEOctober 16, 2020
Ben Eguzozie, in Port Harcourt With N16.73bn, state was among top ten IGR in 2019 Cross River’s ministry of finance (CRSMoF) and the state’s internal revenue services (CRIRS) have begun a review of the performance of the state’s top 50 revenue generating ministries, departments and agencies (MDAs). The review is combined with a strategy session […]
Pressures from bread, cereals, potatoes, yam, meat, fish, fruits, oils, fats prices push Nigeria’s inflation to 2 year high
Charles AbuedeOctober 16, 2020
Charles Abuede Food, core inflation indexes rise by 16.66 and 10.58 per cents Lowest records in all items inflation found in Lagos, Abuja and Kwara Nigeria’s headline inflation rose by 1.48 per cent in September 2020 to hit 13.71 per cent from 13.22 per cent recorded in August and indicating 49 basis points increase from […]