Nigerian govt begs judicial workers to shelve nationwide strike

The Federal Government on Monday, April 13, appealed to the Judicial Staff Union of Nigeria (JUSUN) to suspend its nationwide industrial action, which had paralysed activities in courts across the country. The union had on April 6 embarked on a nationwide strike to protest non-implementation of the financial autonomy of the nation’s judiciary. Minister of […]

FG to launch National Dairy Policy to promote the local dairy industry

The FG has announced the launch of a National dairy Policy to promote and develop Nigeria’s dairy industry and consumption. The Federal Government announced the launch of a National dairy Policy to promote and develop Nigeria’s dairy industry and consumption. This was disclosed by Alhaji Muhammad Nanono, Minister of Agriculture and Rural Development, at the opening of […]

Petrol May Sell For N234 Per Litre – NNPC GMD

A litre of petrol also known as Premium Motor Spirit (PMS) may soon sell for N234 per litre, the group managing director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has said. He said the new price is being contemplated because the corporation can no longer sustain the monthly subsidy of N120 […]

We’re still in charge of stamp duty collection –FIRS

The Federal Inland Revenue Service (FIRS) Tuesday, cut short the celebration of the Nigeria Postal Service (NIPOST), that the Finance Act 2020 has stripped the tax agency of stamp duty collection functions for the Federal Government. The FIRS debunked the insinuations in a statement by its Director, Communications and Liaison, Abdullahi Ismaila Ahmad. The statement noted […]

Why NCAA suspends and audits Azman Air flight operations, airline offers to refund passengers

The Nigerian Civil Aviation Authority (NCAA) has suspended the flight operations of Azman Air with immediate effect on Tuesday over a series of incidents involving its Boeing 737 aircraft. This was disclosed in a statement issued by NCAA and signed by its Director-General, Capt. Musa Nuhu. It stated, “Following series of incidents involving Azman Air Boeing […]

FG launches N-Power Batch ‘C’ targets 1million new beneficiaries

The Federal government has launched the N-Power Batch ‘C’ into the National Social Investment Management System (NASIM) with the target of empowering one million young Nigerians. The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq disclosed this on Thursday in Abuja. Recall that that the N-Power is a cluster under the National Social Investment Programmed (NSIP) launched in 2016 as a intervention to […]

NSE becomes public liability company

The Nigerian Stock Exchange (NSE) has received final approvals from Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) and the regulatory body for corporate affairs, Corporate Affairs Commission (CAC)  to convert from a mutual, member-owned company to a public limited liability company. paving the way for its public listing and trading of its […]

SEC, NSE seal pact with AfDB to promote Green Bond market development

The Securities and Exchange Commission (SEC) and African Development Bank (AfDB) Group have signed an agreement on the Nigeria risk based supervision framework implementation and capacity building project. The signing ceremony which took place on Friday, also featured the Nigerian Stock Exchange (NSE) which will collaborate with SEC and other industry experts to implement initiatives […]

Why sustainable growth is difficult in Nigeria

“Success is unremitting attention to purpose.”  –  Benjamin Disraeli, British Prime Minister, 1804 -1881 The Central Bank of Nigeria, CBN, and Vanguard Newspapers, on February 26, 2021, organised another Economic Summit at the Eko Hotels and Suites – partly designed to find a way for Nigeria to attain sustainable growth. That has proved elusive so […]