RMAFC warns Nigerian govt against outright sale of national assets

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has warned Nigeria’s government against the outright sale of critical national assets as contained in the Economic Recovery and Growth Plan (ERGP). The commission noted that the persistent clamour for the sale of the federation’s oil and gas assets has continued in spite of its earlier advice […]

NIMASA, BPE to partner on refloating a national shipping line for Nigeria

The Nigerian Maritime Administration and Safety Agency (NIMASA) has expressed willingness to partner the Bureau of Public Enterprises (BPE) to refloat a national shipping line. Dakuku Peterside, director general of NIMASA disclosed this when he played host to Alex Okoh, the director general of the Bureau of Public Enterprises (BPE) in Lagos. Dakuku stated that […]

ITF DG says workers’ poor attitude to duty impeding productivity

Joseph Ari, director-general, Industrial Training Fund (ITF), has decried workers’ poor attitude to duties, saying the situation was impeding productivity and frustrating the quest to achieve corporate goals. Ari said worker’s attitude must change to achieve progress for the nation as more Nigerians are needed to be trained to be successful entrepreneurs aside the 100,000 […]

Nigeria privatisation agency says 37% of privatised companies are non-performing

Nigeria’s Bureau of Public Enterprises (BPE) has said it has privatised 142 enterprises since inception out of which 37 percent are non-performing due to the harsh operating environment. Alex A. Okoh, director general of the agency disclosed this while receiving members of the House of Representatives Committee on Privatisation who were on an oversight visit […]

PTAD plans contributory social health insurance scheme for pensioners

Sharon Ikeazor, PTAD’s executive secretary

The Pension Transitional Arrangement Directorate (PTAD), managers of the Federal Government’s defined benefit scheme, has announced plans to initiate a contributory social health insurance scheme for pensioners under its mandate in the country. Sharon Ikeazor, PTAD’s executive secretary, according to the News Agency of Nigeria (NAN), disclosed this in a document seen by the agency […]

AMCON disowns media stories on purported response to Grant Properties’ allegations

Ahmed Kuru, Managing Director, Asset Management Corporation of Nigeria (AMCON).

The Asset Management Corporation of Nigeria (AMCON) in a statement Tuesday said media stories making the rounds regarding its response to a pending debt-related issue between it, some banks and one Olajide Awosedo, chairman of Grant Properties Limited are all “barefaced falsehood”. Specifically, the bad bank refutes a purported “AMCON response” in some sections of […]

US Consulate, LASUCOM commemorate World Aids Day as data indicate 3.2m people live with HIV in Nigeria

World Aids Day which takes place annually on December 1, was commemorated on Monday by United State Consulate General in conjunction with Lagos State University College of Medicine (LASUCOM) in Lagos. The event, which was themed “Right to Health; Making it Happen”, was attended by various stakeholders who described ever increasing efforts to eradicate the […]

NCC boss proposes massive investment in internet infrastructures, as users in Africa hit 388m

 Umar Danbatta, the Executive Vice Chairman, Nigeria Communication Commission (NCC),

In order to stimulate the growth and harness the opportunities of technological advancement, Umar Danbatta, the Executive Vice Chairman, Nigeria Communication Commission (NCC), said massive investment in internet infrastructures is needed, particularly broadband, which will enable job creation, economic growth, and global competitiveness. Speaking at the opening ceremony of the 27th session of African Regional Internet […]

Nigeria’s maritime security agency signs $195m procurement deal with Israeli firm

Nigerian Maritime Administration and Safety Agency (NIMASA) Monday signed a security contract valued at $195 million with an Israeli firm for the procurement of security equipment to assist in training its operatives in tackling crime along the nation’s waterways. Rotimi Amaechi, minister of transportation, disclosed this at an event marking the annual World Maritime Day […]