NNPC says reports it bribed NANS, funded vote-buying in Ondo false
BEN EGUZOZIE
October 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 […]
Cross River bets on world’s $928bn renewable energy market with W2W pilot project
BEN EGUZOZIEOctober 14, 2020
Ben Eguzozie, in Port Harcourt Cross River is betting on the renewable energy initiative with a global market worth of $928.0 billion as of 2017. It is the way being taken by most serious governments around the world to improve their energy mix. Checks said renewable energy market size is expected to reach $1.512 trillion […]
Fertilizer FX ban: Sacrifice towards self sufficiency
Onome AmugeSeptember 28, 2020
Onome Amuge The production of food for consumption is an indispensable activity necessary for the sustenance of human life. Food production and consumption also play a vital role in the actualisation of economic stability of a nation. With the global population currently growing at an average rate of 1.05 per cent per year, as estimated […]
NLC orders Nigeria insurance, bankers’ union to join planned strike
Charles AbuedeSeptember 23, 2020
By Charles Abuede The National Union of Banks, Insurance and Financial Institutions Employees have been directed by the National Executive Council (NEC) of the Nigeria Labour Congress (NLC) to ensure total compliance with the planned nationwide strike action which begins from Monday 28th September, 2020. A general circular issued and signed by Mohammed […]
Nigeria’s food council links high prices to mass purchase by organisations as Covid-19 parliatives
Businessam StaffSeptember 23, 2020
The federal government has attributed the incessant rise in food prices to mass purchases by organisations as COVID-19 palliatives. Atiku Bagudu, Kebbi State governor and vice president of the National Food Security Council made the assertion during the council’s meeting held at the Presidential Villa, Abuja. He explained that the escalating cost of food was […]
Nigeria’s central bank bankrolls country’s economic sustainability plan with N1.8trn
Charles AbuedeSeptember 23, 2020
By Charles Abuede The Central Bank of Nigeria (CBN) has revealed that it will contribute over N1.8 trillion of the total sums of the N2.30 trillion needed for Nigeria’s one year Economic Sustainability Plan (ESP). Godwin Emefiele, the CBN governor made this disclosure on in Abuja while reading out the decisions made by the bank’s monetary policy committee […]
Lagos, Kano receive biggest shares of N696.18bn July federation account allocation
Chris IkosaSeptember 22, 2020
By Charles Abuede Lagos, Kano, Katsina and Oyo States were all smiling after the Federation Account Allocation Committee (FAAC) disbursed the sum of N696.18 billion to the three tiers of government for the month of July 2020 from the revenue generated in June 2020. This figure was N89.98 million higher than the amount shared in […]
Electricy supply: New tariff, old worries
Tobias PiusSeptember 10, 2020
By Tobias Pius The Nigerian Electricity Regulatory Commission (NERC), the body saddled with the responsibility of regulating the affairs of the nation’s power sector on Monday 31 August 2020 surprisingly gifted Nigerian’s with a not so warm “ember-month” gift package —100% tariff increment for kilowatts per hour usage of electricity with effect from September […]
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