Rivers new pension law aims to capture more retirees
With a near bloating civil service of over 50,000 workforce and a growing army of pensioners, Rivers State appears to be far from tackling its pensions issue that had persisted since 2007, going by recent revelations on the state’s contributory pension scheme (CPS) bill. The new bill, just accented into law by Governor Nyesom Wike, […]
’98 million Nigerians multidimensionally poor’- UNDP
Businessam Staff
July 12, 2019
United Nations Development Programme (UNDP) says the number of Nigerians, who are multidimensionally poor has increased from 86 million to 98 million in the past decade up to 2017. This is contained in a statement on Thursday by Lucky Musonda, UNDP’s communications specialist, head of communication unit. Musonda stated that the figures are part of […]
AfDB allays manufacturers’ fears, says factories will benefit most from AfCFTA
Samson Echenim with Agency ReportsJuly 10, 2019
By Samson Echenim with agency reports Against local manufacturers fears that the African Continental Free-Trade Agreement (AfCFTA) recently ratified by Nigeria will flood the country’s markets with substandard products from neigbouring countries, the African Development Bank has said the free trade pact will help local manufacturers most than operators in other sectors. Akinwmi Adesina, […]
Reps to prioritise PIGB passage into law as Speaker lauds Baru on oil industry stability
Businessam StaffJuly 4, 2019
Femi Gbajabiamila, Speaker of Nigeria’s House of Representatives, has given firm assurances that the 9th National Assembly will prioritise the passage of the Petroleum Industry Governance Bill (PIGB) in order to consolidate and reposition the oil and gas industry for the benefit of all Nigerians. The assurances were given by the speaker, when Maikanti Baru, […]
NDDC’s 104 projects yet to take-off in Cross River
Ben EguzozieJuly 3, 2019
…agency inaugurates township road At least 104 projects awarded by the Niger Delta Development Commission (NDDC) are yet to take-off in Cross River State, while 138 other projects are ongoing, business a.m. has learnt. Meanwhile, the commission inaugurated only a township road, Adam Duke-Asuquo Ekpo Street in Calabar South Local Government Area, which it said, is part […]
Buhari tasks RMAFC’s new board on improved revenue generation
Tola AkinmutimiJune 28, 2019
By Tola Akinmutimi President Muhammadu Buhari has charged the newly inaugurated 30-member board of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to explore all avenues necessary to boost the nation’s non-oil revenue generation to enable governments in the country commit more funds to national development. The President, who gave the charge while […]
JAMB seeks Rivers’ assistance to build 500-seat capacity CBT centre
Ben EguzozieJune 27, 2019
…but says it retains N2bn from IGR Nigeria’s tertiary education admission quango, Joint Admissions and Matriculation Board (JAMB) which organizes entrance examinations into Nigeria’s tertiary educational institutions, the Unified Tertiary Matriculation Examinations (UTME), is going cap-in-hand to the Rivers State government asking for a temporary office for its daily operations in the state. The board […]
Against private sector opposition, Nigeria gives strongest hint of increase in VAT to 7.5% in 2020
Tola AkinmutimiJune 26, 2019
By Tola Akinmutimi Zainab Ahmed, the immediate past minister of finance in Nigeria, on Wednesday disclosed that the Federal Government would increase the a ValueAdded Tax (VAT) rate from the current 5% to 7.5% by next year. Ahmed gave this hint during an interview with Bloomberg TV in London. But such a move would come […]
Buhari inaugurates NEC for 2019-2023 session June 20, 2019 Adedeji Adekunle
Businessam StaffJune 20, 2019
National Economic Council President Muhammadu Buhari has inaugurated the 2019-2023 session of the National Economic Council (NEC). The inauguration was done at the Presidential Villa, Abuja, on Thursday. The council is chaired by Vice President Yemi Osinbajo and includes governors of the 36 states. Many of the state governors, including those elected for the first […]
Nigeria, 46 countries record poor progress in Africa response to viral hepatitis
Ben EguzozieJune 20, 2019
…only 3 countries leading prevention efforts …vaccination costs only US 0.20 cent A new World Health Organisation (WHO) scorecard–the first to examine hepatitis prevalence and response in the WHO African region, shows that only three of the 47 countries are on track to eliminate the disease that affects one in 15 people in […]