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$83 a Month for Government Workers May Be Too Much for Nigeria

$83 a Month for Government Workers May Be Too Much for Nigeria

By: Anthony Osae-Brown  and  Ruth Olurounbi Tope Ajao earns 18,000 naira ($50) a month cleaning floors at Nigeria’s Ministry of Agriculture. She’ll soon start benefiting from a government decision to almost double the minimum wage — even though it’s not clear her country can afford it. As small as Ajao’s salary looks, Nigeria will struggle to pay the 368,000 government ... Read More »

Savanah Bank: Reps C’ttee to interface with CBN, NDIC

Savanah Bank: Reps C’ttee to interface with CBN, NDIC

The House of Representatives has mandated the Committee on Banking and Currency to interface with the Central Bank of Nigeria (CBN) and Nigerian Deposit Insurance Corporation (NDIC) to determine the current status of Savanah Bank. The house charged the committee to  ascertain whether the bank has fulfilled all the requirements to commence business. This was sequel to a unanimous adoption ... Read More »

FG, STATES, LGs SHARE N702.058 BILLION FAAC FOR OCTOBER 2019

FG, STATES, LGs SHARE N702.058 BILLION FAAC FOR OCTOBER 2019

By:ONYEKA AJUMOBI ONOCHIE The Federation Account Allocation Committee (FAAC), has shared a total sum of N702.058 billion as federal allocation for the month of October 2019 among the federal, state and local governments. It was shared at the committee’s monthly meeting on Wednesday, November 20.   From this amount, inclusive of VAT, Exchange Gain and Solid Minerals Revenue, the Federal Government ... Read More »

Fed Govt releases  new wage  payment template to labour

Fed Govt releases new wage payment template to labour

  The least paid federal worker on Level 1 Step 1 will earn N360,000 per annum while the highest-paid at Level 17 Step 9 will take home N6,215,435 per annum. These are the highlights of  the minimum wage payment template released by the Federal Government. The circular on the new wage, dated November 14 and signed by the Acting Chairman ... Read More »

Maina dumps wheel chair,continues trial supported by two men

Maina dumps wheel chair,continues trial supported by two men

Abdulrasheed Maina, Chairman, defunct Pension Reform Task Team (PRTM), on Thursday, arrived in the Federal High Court, Abuja, for continuation of his trial. Maina, though came into Court 6 without a wheelchair, he was however supported by two men as he walked slowly into the court. The former pension reform boss, who arrived at the court at about 9:30am, dressed ... Read More »

Coca-Cola CEO, James Quincey in Africa, Defines Region as Company’s Future Growth Driver

Coca-Cola CEO, James Quincey in Africa, Defines Region as Company’s Future Growth Driver

Visiting Nigeria and South Africa, Quincey met with business and political leaders as the company scales up investments and looks forward to continued growth on the continent PRESS RELEASE LAGOS, Nigeria, November 20, 2019/ — The Global CEO and Chairman of The Coca-Cola Company (https://www.Coca-ColaCompany.com/), James Quincey culminated a tour of Africa last week. Accompanied by his extended leadership team, ... Read More »

Jonathan worked for APC in Bayelsa to avoid probe in Malabu oil scam-Sule Lamido

Jonathan worked for APC in Bayelsa to avoid probe in Malabu oil scam-Sule Lamido

A former governor of Jigawa State, Sule Lamido, has accused former President Goodluck Jonathan of working against the interest of his party, the Peoples Democratic Party, PDP, in the just-concluded governorship election in Bayelsa State. In a short Facebook post sent by Lamido’s media aide, Mansur Ahmed, the former governor said Mr Jonathan supported the ruling All Progressive Congress, APC ... Read More »

FEC approves Euro 500m credit for BOI to create 1.2 million jobs

FEC approves Euro 500m credit for BOI to create 1.2 million jobs

Federal Executive Council on Wednesday approved that 500 million Euro loan be sourced for the Bank of Industry from external creditors. This was disclosed by the Minister of State Finance, Clement Agba, at the end of FEC meeting presided over by President Muhammadu at the Presidential Villa, Abuja. According to him, the The loan is to support industrialisation and agriculture, ... Read More »

PDP senators reject Bayelsa, Kogi results,want Salome’s murderers prosecuted

PDP senators reject Bayelsa, Kogi results,want Salome’s murderers prosecuted

The Peoples Democratic Party (PDP) caucus in the Senate, on Wednesday, rejected the Bayelsa and Kogi Governorship election results announced by the Independent National Electoral Commission (INEC). The senators, led by the Minority Leader of the Senate, Sen. Enyinnaya Abaribe, made the rejection at a news conference in Abuja. News Agency of Nigeria (NAN) reports that INEC had declared the ... Read More »

Elumelu seeks more jobs for African youths

Elumelu seeks more jobs for African youths

The Founder, Tony Elumelu Foundation (TEF) and Chairman, United Bank for Africa Group (UBA), Tony Elumelu   has proposed job creation, and inclusive growth, as priority areas for Africa’s development agenda to achieve peace and stability on the continent. He spoke while on a high-level panel with President of Senegal, Macky Sall and President of Mauritania, Mohamed Ould Ghazouani. Other speakers ... Read More »

Traders applaud Ogun Govt over forest opening

Traders applaud Ogun Govt over forest opening

Traders under the aegis of Ifesowapo Traders Association from Area J4 in the Ijebu East Local Government Area of the State, have express their appreciation to the Ogun State Government for soft-pedalling the ban on illegal forest activities in the state. This is sequel to the decision of government to allow them move their agricultural produce from the forest reserves ... Read More »

Again, Bill Gates Emerges World Richest Man

Again, Bill Gates Emerges World Richest Man

Bill Gates, Microsoft founder and philanthropist, has again, reclaimed the position of the world’s richest person, according to the Bloomberg Billionaires Index. Gates reportedly has a net-worth of $110 billion. He replaces Jeff Bezos, Amazon founder, at the top spot after Microsoft’s shares went up nearly 48 percent this year. Microsoft’s success this year has been helped by winning a ... Read More »

Nigeria Enlists Big Beverage Companies to Fight Plastic Waste

Nigeria Enlists Big Beverage Companies to Fight Plastic Waste

By: Yinka Ibukun Nigeria is set to engage companies to help fight plastic waste, one phenomenon that has ensured that gutters are blocked and flood is encouraged all over the country, particularly, Lagos state. In Lagos, with 21 million residents whose growing needs have far outpaced the supply of basic services such as electricity, water, and roads, Lagos, Africa’s most ... Read More »

253 Firms Bid For NNPC Insurance Broker For Oil and Non-Oil Assets

253 Firms Bid For NNPC Insurance Broker For Oil and Non-Oil Assets

…As Kyari Warns Insurance Brokerage Firms To Beware Of “Facilitators” The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has called on insurance brokerage firms that participated in the expression of interest to insure NNPC’s oil and non-oil assets to be wary of anyone who would promise to help them win the bid as the ... Read More »

FirstBbank partners CFA Society Nigeria to host 2019 Ethics Challenge Competition

FirstBbank partners CFA Society Nigeria to host 2019 Ethics Challenge Competition

IN the furtherance of the Bank’s commitment to promote business ethics, professional excellence and education, reflected in the Bank’s Endowment programme – the Samuel Asabia Chair for Business Ethics at the University of Lagos – First Bank of Nigeria Limited for three consecutive years is partnering with CFA Society Nigeria to host its annual flagship event, the Ethics Challenge, scheduled ... Read More »

Minimum wage: No Agreement With Labour,says Lagos Govt.

Minimum wage: No Agreement With Labour,says Lagos Govt.

The Lagos state government has disputed the statement credited to the Chairman of the state Joint Public Service Negotiating Council (JNC), Mr Rasaq Falade, that necessary terms of settlement and agreement were reached with the state government at the end of the meeting held on Friday, Nov. 15 According to Mr Biodun Bamgboye, the Permanent Secretary, Office of Establishments and ... Read More »

Nigeria won’t open its borders now — Col. Ali

Nigeria won’t open its borders now — Col. Ali

By Demola Abimboye Nigeria’s neighbours should perish the thought of the giant of Africa opening its borders soon. Colonel Hameed Ali, Comptroller-General of Nigeria Customs Service, NCS, dropped this hint at the graduation ceremony of Senior Course 3 of the NCS Staff College, Gwagwalada, Abuja yesterday. “I know that our neighbours are in a haste to get us open the ... Read More »

Allow Lagos,Ogun to construct Lagos-Abeokuta Expressway,Gov.Abiodun begs FG

Allow Lagos,Ogun to construct Lagos-Abeokuta Expressway,Gov.Abiodun begs FG

Governor  Dapo Abiodun of Ogun state has pleaded with the Federal Government to urgently accede to the demands of both the Lagos and Ogun state governments to reconstruct the  Lagos -Abeokuta expressway  to stem the incessant accident in the axis. An emotional Governor Abiodun wept as he ordered the transfer of victims to tertiary healthcare facilities in Lagos and Abeokuta ... Read More »

US Attorney General says Chinese companies Huawei and ZTE ‘cannot be trusted’

US Attorney General says Chinese companies Huawei and ZTE ‘cannot be trusted’

By Kate Fazzini US Attorney General, William Barr, has written to Federal Communications Commission Chairman Ajit Pai saying Chinese technology giants Huawei and ZTE “cannot be trusted,” CNBC reports. Barr was writing in support of the FCC’s draft Report and Order that would disallow the two companies – which make popular computers, smart phones, routers and internet equipment – from ... Read More »

How The New York Times is building its TV business and moving into movies

How The New York Times is building its TV business and moving into movies

By Tim Peterson The New York Times is making a move into movies, DIGIDAY reports. The publisher aims to premiere at least two feature-length documentaries in the first half of 2020. One of the films will be the Times’ TV unit’s first feature-length documentary directed by Times journalists and featuring Times journalism, according to a Times spokesperson. The documentary films ... Read More »