Federal Archives — Page 79 of 147

November 6, 2018 No Responses

Labour Suspend Strike

Members of the organised labour union on Monday evening called off the proposed nationwide industrial action initially scheduled to commence on Tuesday to press home workers’ demand for a new national minimum wage. The National Chairman of the Nigeria Labour...

November 5, 2018 No Responses

TSA Cost Gulps N16b In Two Years

The Nigeria Government has spent N16 billion on Treasury Single Account (TSA) transaction costs in two years, Accountant-General of the Federation (AGF) Ahmed Idris has said. He said the government would no longer bear the service charge on all payments...

November 3, 2018 No Responses

Nigerian Senate Probes 100% Foreign Ownership Of Some Multinational Firms

The Committee on Local Content has concluded plans to investigate 100 per cent foreign ownership of some multinational companies registered in Nigeria. The Chairman of the committee, Senator Solomon Adeola, made this known in Port Harcourt, while briefing ne...

October 26, 2018 No Responses

FG, States, LGAs Share N698.71B For September

The Federal Government, 36 States and FCT as well as 774 Local Governments on Thursday shared N698.7billion for the month of September. The Minister of Finance, Mrs Zainab Ahmed, said this in Abuja, while briefing newsmen on the outcome of...

October 25, 2018 No Responses

Nigeria To Secure $1.5m Loan For Abidjan-Lagos Road Project Study

Nigeria’s Finance Minister, Mrs. Zainab Ahmed on Wednesday announced Federal Executive Council (FEC) approval for Nigeria to receive $1.5 million loan from the African Development Bank (AfDB) for the Lagos-Abidjan highway. The fund is part of the $13.5 mil...

October 12, 2018 No Responses

Nigeria Targets $22b Foreign Investments In Two Years

The Nigeria Government will attract $22 billion private sector investments through the Economic Recovery and Growth Plan (ERGP) “Focused Laboratories” in two years, Budget and National Planning Minister, Senator Udoma Udo Udoma has said. According to th...

October 9, 2018 No Responses

Nigeria Commits N1.7 Trillion To Capital Investment

Vice President Yemi Osinbajo says the Federal Government has spent N1.7 trillion in capital investment in two budget years. Osinbajo disclosed this while addressing participants at the 9th Presidential Quarterly Business Forum held at the State House Banquet H...

September 27, 2018 No Responses

Nigeria Approves $64m Contract For Escravos Power Supply

Nigeria’s Federal Executive Council (FEC) meeting on Wednesday approved $64 million for power supply to Escravos communities. Minister of State for Petroleum Resources Ibe Kachikwu made this known at the end of the FEC meeting chaired by Vice President Yem...

September 20, 2018 No Responses

Nigeria Suspends Proposed National Carrier

The Federal Government, on Wednesday suspended its controversial national carrier project, Nigeria Air. This was disclosed by the Minister of State for Aviation, Hadi Sirika, while addressing Journalists. According to Sirika, the decision to suspend the ...

September 16, 2018 No Responses

Nigeria Govt Faults HSBC Report

The Presidency wishes to make clear to all Nigerians, and particularly the global banking giant HSBC which said the second term of President Muhammadu Buhari would stunt the economy, that what killed Nigeria’s economy in the past was the unbridled...

September 13, 2018 No Responses

Labour Issues Two Weeks Ultimatum To FG

Labour leaders in Nigeria, on Wednesday cautioned the Federal Government to stop foot dragging on the New Minimum Wage and allow the tripartite committee conclude its job to avoid industrial crisis. The labour leaders, who are members of the Minimum...

September 6, 2018 No Responses

Nigeria Warns Civil Servants Against Over-Bloated Budgets

The Federal Government has expressed concern over unethical vices which have been known to engender over-bloated budgetary allocations for salaries, incomes and wages of civil servants, warning that such practices should stop henceforth. The government therefo...

September 6, 2018 No Responses

Nigeria Approves N6 Trillion For National Strategic Health Development Plan II

September 4, 2018 No Responses

Chinese Oil Firm Guarantees Funding For NNPC’s Project As Buhari Attends FOCAC Business Summit

China National Petroleum Corporation (CNPC) has assured the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, of its unflinching commitment towards securing funding for the successful financing and subsequent exe...