Nigeria legislators threaten to arrest bank CEOs for non-remittance of stamp duties
Businessam Staff
May 15, 2019
The House of Representatives ad hoc committee investigating non-remittance of stamp duties funds into the federation account has threatened to issue bench warrant for the arrest of chief executive officers of banks and other agencies that failed to appear before it. The committee is investigating non-remittances of stamp duties, amounting to trillions of naira into […]
Wike opens criminal trial of indicted ex-commissioners over N34.5bn syringe factory
Ben EguzozieMay 8, 2019
…former health, finance commissioners to face criminal trials …factory could produce one billion syringes per annum Governor Nyesom Wike of Rivers State has opened criminal prosecution of two indicted former commissioners in the state who allegedly had a hand or two in the collapse of a N34.5 billion state-owned auto-destruct syringe factory at Rumosi, […]
Group canvases inclusive governance to fast track economic growth
Ben EguzozieMarch 7, 2019
To fast track economic growth in the country, President Muhammadu Buhari and the incoming state governors across the federation have been told to adopt an inclusive governance approach in the administration of state affairs. This suggestion was made by Emem Okon, the executive director of Kebetkache Women Development and Resource Centre (KWDRC), a non-governmental organisation […]
APC’s Uzodinma promises economic council for Imo State
Dikachi FranklinFebruary 7, 2019
By Dikachi Franklin, in Owerri The plan to establish State Economic Development and Rehabilitation Council(SEDARC) for the bartered Imo State economy will soon materialise if Senator Hope Uzodinma, the governorship candidate of the All Progressives Congress(APC) wins the gubernatorial election, which comes in a few weeks from now. The council will serve as a remedial framework […]
Enugu pledges to improve its sub-national ease-of-doing business
Ben EguzozieJanuary 17, 2019
…as Ugwuanyi inaugurates neurosurgical health facility Enugu, Nigeria’s south-eastern sub-national state, with an estimated gross domestic product (GDP) economy of $6.5 billion, says it is ramping up its ease-of-doing business, especially to attract private investment into the coal-rich state. Already, one of such private investments is a multi-million-naira neurosurgical reference health facility, the Memfys Hospital, […]
Presidential town hall series to start Jan 9
Businessam StaffJanuary 5, 2019
An alternative platform of interface between the presidential and vice presidential candidates of the four leading political parties that will contest the 2019 general elections and the citizens has been launched. The platform known as “The Candidates”, is a presidential town hall co-production between Daria Media and NTA, supported by the MacArthur Foundation, and will […]
Executive order on ease of doing business makes Nigeria competitive
Hope IkweDecember 4, 2018
Hope Ikwe , Jos The Federal Government has said that the executive order signed by President Mohammadu Buhari on the ease of doing business was one of the policies it formulated to get the country out of economic depression. Buhari said the executive order has significantly improved the country’s ranking in the ease of doing […]
Nigeria approves N14.7bn for production of ECOWAS biometric ID card, effective Jan. 2019
Nse Anthony-UkoNovember 29, 2018
The Nigerian government will from January 2019 commence the production and issuance of the Economic Community of West African States (ECOWAS) biometric identity cards for Nigerians. This followed the approval granted by the Federal Executive Council for the production of the cards. Abdulrahman Dambazau, minister of Interior, the announcement while speaking on the outcome of […]
October allocation to Nigeria’s national, sub-national governments rises to N788bn on the back of higher crude output
Nse Anthony-UkoNovember 29, 2018
Total monthly payout by Nigeria’s Federal Account Allocation Committee (FAAC) for distribution to the national and sub-national governments rose by 12.9 per cent to 788.13 billion in October despite the lower crude prices due to higher production output to make up for the shortfall in price. The N788.139 shared in Kaduna surpassed the N698.710 billion […]
Nigeria’s privatization agency, BPE launches CSR Initiative
Businessam StaffNovember 28, 2018
The Bureau of Public Enterprises (BPE) has launched its Corporate Social Responsibility (CSR) initiative to cater for the needs of its immediate community. Alex A. Okoh, the director general of BPE who unveiled the policy through Hassan Ibrahim Nurain, his technical adviser (Strategy) at a dinner/award night in Abuja to commemorate the 30th anniversary of […]