Saturday , 20 July 2019
Latest News
Home » Economy

Economy

CBN Collaborates With Churches, Mosques On Financial Literacy

CBN Collaborates With Churches, Mosques On Financial Literacy

  Central Bank of Nigeria (CBN) on Friday said it is in partnership with churches and mosques in the promotion of financial literacy in the country. The bank’s Director, Consumer Protection Department, Mr Kofo Salam-Alada made this known in an interview with News Agency of Nigeria (NAN) in Abuja. Financial Literacy otherwise called financial education is a possession of skill ... Read More »

TIN, Consolidated Database Mark New Tax Regime- Gov Sanwo-Olu

TIN, Consolidated Database Mark New Tax Regime- Gov Sanwo-Olu

  R-L: Gov Sanwo-Olu, Mr Fowler* Governor Babajide Sanwo-Olu of Lagos State today, Thursday said the introduction of the new Taxpayer Identification Number (TIN) registration system and its consolidated database marked a new regime in tax compliance and administration. Sanwo-Olu also called on stakeholders across all levels to support the new initiative in order to deepen tax administration and increase ... Read More »

Self-sufficiency in food production major policy thrust of the Buhari administration – Osinbajo

Self-sufficiency in food production major policy thrust of the Buhari administration – Osinbajo

  *Says Administration making more investments in agric sector *11 Fertilizer Blending plants with a capacity of 2.1 million revived *Fertilizer price has since dropped from N13,000 per 50kg to N5,500 *Boost in local production as official imports down to 2% Self-sufficiency in food production remains a major pillar of the economic policy of the Buhari Administration, according to Vice President Yemi Osinbajo, ... Read More »

Pastor Chris Oyakhilome sues Zenith Bank for N3.889billion

Pastor Chris Oyakhilome sues Zenith Bank for N3.889billion

Pastor Chris Oyakhilome of Christ Embassy Church is locked in a N3.889billion battle with Zenith Bank over four accounts operated by his Christ Loveworld Christian Network Television. The television network was established by the church to propagate the gospel worldwide. The preacher instituted the N3.8billion suit against Zenith Bank Plc and Mr John Osajele, one of its managers for unauthorised ... Read More »

Ogun Govt. to partner Chinese company in repositioning agriculture- Gov Abiodun

Ogun Govt. to partner Chinese company in repositioning agriculture- Gov Abiodun

  The Ogun State governor, Prince Dapo Abiodun has disclosed that Plans were underway to have a Chinese company invest in the agricultural sector of the state through the Public Private Partnership Program. Prince Abiodun who made this known in his office in Oke-Mosan, when he received a team from the Africa Development bank who were on 3 day visit ... Read More »

NCC remits N51.3b to Fed Government in first quarter of  2019

NCC remits N51.3b to Fed Government in first quarter of 2019

  *Prof Danbatta* The Nigerian Communications Commission (NCC) has remitted N51.3 billion to the Federal Government’s Consolidated Revenue Fund (CRF) in the first quarter of 2019. The remittance, according to the Executive Vice Chairman (EVC/CEO), NCC, Prof. Umar Garba Danbatta, is in compliance with the Fiscal Responsibility Act of 2007 (FRA 2007).  The payment represents “Payment on Account” in respect ... Read More »

Nigerian agric sector grew by 14.27% in 2018, says Osinbajo at The Companion National Discourse

Nigerian agric sector grew by 14.27% in 2018, says Osinbajo at The Companion National Discourse

  Vice President Yemi Osinbajo on Sunday said there had been a tremendous growth in the agric sector since President Muhammadu Buhari assumed office, noting that the Nigerian agriculture sector’s performance grew by 14.27% in 2018. Prof Osinbajo made the remarks in his keynote address at 4th National Discourse, organised by The Companion (an Association of Muslim Men in Business ... Read More »

Volkswagen reopens assembling plant in Nigeria after 20 years

Volkswagen reopens assembling plant in Nigeria after 20 years

  Volkswagen Automobile Group has reopened its auto assembly factory on the Badagry Expressway, Lagos, after 20 years of suspending operations in the country. According to the German automaker, the reopening was made possible through its partnership agreement with a private auto company, the Stallion Group for the assembly of the Volkswagen brand of vehicles in the country in line ... Read More »

No plans to increase petrol price — NNPC

No plans to increase petrol price — NNPC

  *Malam Kyari* The Nigerian National Petroleum Corporation (NNPC) has said it has no plans to increase the price of Premium Motor Spirit (PMS), popularly known as petrol in the country. The Corporation made this known in a statement issued by its spokesman, Mr Ndu Ughamadu, in Abuja on Thursday. Ughamadu  advised motorists and other petroleum products consumers to disregard ... Read More »

NNPC new GMD solicits Senate support to curb cross-border smuggling of petroleum products

NNPC new GMD solicits Senate support to curb cross-border smuggling of petroleum products

Group Managing Director of the NNPC Mallam Mele Kyari has appealed to the Senate to help to curb cross-border smuggling of petroleum products, especially petrol, which he said was posing a challenge to the efforts of the corporation to ensure seamless supply and distribution of products in the country. *R-L: Mallam Kyari, Senate president Ahmed Lawan* He made the appeal ... Read More »

Ogun Customs’ Command intercepts 29,905 bags of rice, others in 6 months

Ogun Customs’ Command intercepts 29,905 bags of rice, others in 6 months

The Ogun State Command of the Nigeria Customs Service has intercepted 29, 905 bags of smuggled rice and 197 vehicles popularly known as ‘tokunbo’ between January and June 2019. It said the seizures were made at the Idiroko border and the adjoining communities. The Controller of the Ogun State Area Command, Mr. Michael Agbara, disclosed this yesterday at its Idiroko ... Read More »

Gov Abiodun’s Special Adviser on Job Creation is Jobberman’s co-founder

Gov Abiodun’s Special Adviser on Job Creation is Jobberman’s co-founder

The newly appointed Special Adviser to Governor Dapo Abiodun of Ogun State on Youth Empowerment and Job Creation is a co-founder and Chief Operating Officer (COO) of Jobberman, West Africa’s most popular job search engine. *Olalekan Olude* The appointment of Olalekan Olude was announced on Tuesday alongside six other key Advisers to the Ogun State Governor. *Olude and his colleagues* ... Read More »

Ohanaeze lauds Gov Ayade’s industrialisation drive

Ohanaeze lauds Gov Ayade’s industrialisation drive

Apex Igbo socio-Cultural organisation, Ohanaeze Ndigbo, Cross River State Chapter, has commended Governor Ben Ayade on his industrialisation drive, promising to work with him to ensure its actualisation. The association also congratulated him on his re-election and enjoined him to see his second coming as an opportunity to better the lives of the citizenry. In statement signed by the President ... Read More »

Sterling Bank Commences Bankruptcy Proceeding Against Lagos businessman, Jaiyesimi

Sterling Bank Commences Bankruptcy Proceeding Against Lagos businessman, Jaiyesimi

By Our Reporter A Federal High Court, Lagos, has restrained a Lagos businessman, Adeniyi Adebulugbe Jaiyesimi, who resides at 16 Wesley Close, Friends Colony Estate, Lekki and carries on business at Donex Technical Services Ltd. as the Managing Director of the company, from operating, withdrawing from or dealing with his funds in any bank or financial institution within Nigeria pending ... Read More »

Mele Kyari formally takes over as NNPC GMD, outlines plans for oil sector

Mele Kyari formally takes over as NNPC GMD, outlines plans for oil sector

  *Former NNPC GMD, Dr. Maikanti Baru, dressing the new NNPC GMD, Mallam Kyari, with the NNPC legacy hat and brooch as part of the handover-formalities during a valedictory & hand-over session at the NNPC Towers* The new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kolo Kyari, has vowed to reverse the trend of petroleum ... Read More »

Nigeria: 80,000 families receive seeds and cash for the rainy season

Nigeria: 80,000 families receive seeds and cash for the rainy season

BY INUSA NDAHI, MAIDUGURI   The International Committee of the Red Cross (ICRC) has distributed seeds to over 80,000 families affected by armed conflict and other situations of violence across Nigeria in anticipation of the 2019 planting season.    Maize, millet, rice, cowpea, hibiscus, sesame and vegetable seeds were given to the families depending on the type of farming practiced ... Read More »

TINUBU and OANDO SAGA: COURT ADJOURNS TILL 22 JULY FOR HEARING

TINUBU and OANDO SAGA: COURT ADJOURNS TILL 22 JULY FOR HEARING

By Our Reporter A Lagos Federal high court judge, Ayokunle Faji, has adjourned all the cases involving Oando Plc, Securities Exchange commission and other interested parties till 22nd of July 2019 for the hearing of the pending applications and the substantive suit. Justice Faji adjourned the cases yesterday till the aforementioned date to be heard by the vacation judge since ... Read More »

EFCC Asks Court to Dismiss Adoke, Dan-Etete’s Application to Set Aside Arrest Warrant

EFCC Asks Court to Dismiss Adoke, Dan-Etete’s Application to Set Aside Arrest Warrant

By Bola Owolola The Economic and Financial Crimes Commission, EFCC, has asked Justice Danlami Senchi of the High Court of the Federal Capital Territory, FCT, Jabi, Abuja, to dismiss an application brought by the former Attorney General and Minister of Justice, Mohammed Adoke, seeking an order to vacate a warrant of arrest order issued against him and five others in ... Read More »

Ogun Govt. maps out strategies for religion as a vehicle to drive economic viability

Ogun Govt. maps out strategies for religion as a vehicle to drive economic viability

Governor of Ogun State, Prince Dapo Abiodun on Monday disclosed that his administration has mapped out strategies in engaging religious leaders and the entire people of the state to see religion not just as a tool of spiritual fulfillment, but also as a vehicle that drives economic viability of the State. He stated this in an address he delivered at ... Read More »

MacPeple: Former Fortune International Bank Chairman Loses Bid To Stop Police Investigation

MacPeple: Former Fortune International Bank Chairman Loses Bid To Stop Police Investigation

By Our Reporter The Nigerian Police can now resume investigation of petition written against Henry Adawari Macpeple, former chairman of Fortune International Bank, by the Nigeria Deposit Insurance Corporation, NDIC , following the dismissal of the suit he filed against the Inspector General of Police and three others by a Federal High Court, Lagos. Macpeple and his company, Suffolk Petroleum ... Read More »