No increase in petrol depot price this month, NNPC insists

NNPC made this known in a short statement released on Friday morning despite a template released by the Petroleum Products Pricing Regulatory Agency that the new price of petrol has reached N212.6 per litre. “#NNPC Insists No Increase in Ex-Depot Price of PMS in March,” it tweeted hours after the PPPRA released the template. According […]

Buhari offers 110 ex-corps members automatic employment, scholarship

THE President, Major General Muhammadu Buhari (retd.), on Thursday granted automatic employment and scholarship to 110 former members of the National Youth Service Corps. The lucky ex-corps members, who distinguished themselves during their service year, are to be absorbed into the Federal Civil Service based on Buhari’s directive. The Special Adviser to the President on […]

Minimum wage deductions temporary, says Ganduje

Deductions in the salaries of workers on Kano State government’s payroll will be temporary, Governor Abdullahi Ganduje has said. The salaries of public officials in Kano State were deducted in November and December last year. But the government yesterday reaffirmed its commitment to the implementation of the N30,000 minimum wage for civil servants, explaining that […]

Nigerians seek reduction in Lagos-Ibadan train fares

Nigerians have expressed disapproval to the fare announced by the Federal Government for the Lagos-Ibadan Standard Gauge rail line, which begins operations today. Transportation Minister Rotimi Amaechi had announced, on Friday, that tickets for the route would be N3,000 for Economy Class, N5,000 for Business Class and N6,000 for First Class. The social media, especially Twitter, […]

CBN cautions business owners against fraudulent loan offers, investment schemes

The Central Bank of Nigeria (CBN) has cautioned business owners against fraudulent loan offers, especially through the social media. Mr Osita Nwanisobi, CBN Acting Director, Corporate Communications, gave the warning in a statement on Friday in Abuja. Nwanisobi said that the apex bank was aware that some fraudulent individuals send messages for such offers, especially […]

Nigeria abandons Vision 20:2020, dreams Agenda 2050

• Plans to lift 100m out of poverty • Inaugurates steering committee Realising its inability to meet Vision 20:2020 goals years after the country embarked on an ambitious agenda to be among the top 20 economies in terms of GDP size, President Muhammadu Buhari, on Wednesday in Abuja, inaugurated National Steering Committee to oversee and […]

Osun Government Denies Stopping Payment Of Allocation To Local Government Accounts

The Osun State Government has denied instructing banks to stop direct payment of monthly allocations directly into the accounts of local governments in the state. In a statement by Commissioner for Local Government and Chieftaincy Affairs, Prince Adebayo Adeleke, the state government said the administration of Governor Gboyega Oyetola was complying with NFIU rules and […]

Mounting loans: ‘Why forensic probe to avoid economic colonialism is vital’

• Zambia’s Chinese Power Loan, Others That Went Bad Should Be Case Studies For Our Policymakers – Amobi• If Not Properly Scrutinised, Loans Could Birth New Form Of Economic Colonialism – Ukeje• Accumulating More Debts, Especially To Fund Consumption Amounts To Insensitivity – Uba• No Cause For Alarm Over Chinese Loans – DMO•There’s Every Cause To […]