• Nigeria:FDI in Nigeria's Digital Sector Hits U.S.$1 Billion - KPMG

    [Vanguard] KPMG has disclosed that Foreign Direct Investment, FDI, into the Nigeria digital space over the last year is almost $1 billion.

  • A Chef Will Wind Down His Crusade to Feed Puerto Rico

    In just a month, José Andrés created a network that has fed more people there than any other group. Now, he says, it’s time to let the economy recover.

  • Reps, NECA disagree over N’Assembly’s power to probe private firms

    John Ameh, Abuja The House of Representatives and the Nigeria Employers Consultative Association on Wednesday disagreed over the powers of the National Assembly to probe the activities of private companies operating in the country. NECA is contesting the legislative duty of the National Assembly under Sections 88/89 of the 1999 ...

  • Ramos gives partner post award special

      Real Madrid star Sergio Ramos certainly knows how to celebrate a special achievement. After Monday’s recognition of his effort by World Soccer ruling body and stakeholders of the round leather game, Ramos took time off to enjoy a ‘just for two’ moment with his partner Pilar Rubio in London. ...

  • Nigeria:UN Develops $4bn Partnership Framework With Nigeria

    [Leadership] Abuja -The United Nations System in Nigeria has commenced the development of a $4billion partnership framework with Nigeria scheduled to begin next year.

  • Nigeria:Africa Must Reposition Its Economy to Attract Investors - VP

    [Guardian] Vice President Yemi Osinbajo has called on Africa to reposition its economy in the direction that will attractive investors because investment depends on the advantages derivable.

  • PENGASSAN rejects plan to tax pension, terminal benefits

    Ozioma Ubabukoh The Petroleum and Natural Gas Senior Staff Association of Nigeria has rejected the plan by the federal and state governments to impose tax on pensions, gratuities and terminal benefits of workers in the country. The senior staff trade union vowed to resist the implementation of the plan which ...

  • BVN: Presidential aide wants more time for Nigerians in diaspora

    Adelani Adepegba, Abuja The Senior Special Assistant to the President on Foreign Affairs and Diaspora, Abike Dabiri-Erewa, has said more time should be given to Nigerians in the diaspora to obtain the bank verification number. She made the plea in a statement on Tuesday in Abuja in response to the ...

  • Nigeria open to more investments, says Osinbajo

    Olalekan Adetayo, Abuja Vice-President Yemi Osinbajo on Tuesday said Nigeria was open to business and more investments. Osinbajo, who chairs the nation’s Economic Management Team, said this at a bilateral meeting he held with his Indonesian counterpart, Vice President Jusuf Kalla, on the sidelines of the Extractive Industries Transparency Initiative ...

  • NDDC scholarships: Students protest, lament neglect

    Samson Folarin  Beneficiaries of the Niger Delta Development Commission foreign scholarship have berated the commission for abandoning them after promising to foot their academic bills. The students, who stormed the Nigeria High Commission in London, United Kingdom, with placards, said they had been left in the lurch as both their ...

  • States rule out borrowing to fund revenue gaps

    Everest Amaefule, Abuja  State governments on Tuesday ruled out resorting to borrowing to fund gaps resulting from dwindling revenues accruing to the Federation Account, which are shared by the three tiers of government. Speaking with journalists in Abuja after the Federation Accounts Allocation Committee meeting for the month of October, ...

  • Maina probe widens as EFCC seals more houses

    Senators seek sack of Malami, Dambazau, others How did wanted civil servant Abdulrasheed Maina sneak into Nigeria? Who gave him the police and other security personnel he had? These are some of the questions in government and security circles, following the scandal sparked by Maina’s reinstatement and promotion. The dismissed ...

  • States won’t borrow to bridge funding gap

    States have ruled out borrowing to bridge their funding gaps. The chairman of the Finance Commissioners Forum, Adamawa State Commissioner for Finance Mahmood Yunusa, yesterday told reporters at the end of the Federation Account Allocation Committee (FAAC) meeting in Abuja that “states are not looking at borrowing to augment the ...

  • Buhari congratulates Adebutu at 82

    Olalekan Adetayo, Abuja President Muhammadu Buhari on Tuesday congratulated a businessman, Chief Kesington Adebutu, as he clocks 82. In a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President lauded Adebutu’s contributions to the growth of the economy through his businesses, and the provision of ...

  • We won’t accept less than N50, 000 as minimum wage – Labour

    The Kwara State Chairman of the Nigeria Labour Congress, Mr Abdulyekeen Agunbiade, has called on the Federal Government to review the minimum wage in the country. The NLC chairman made the call in Ilorin on Tuesday while speaking with newsmen on the state of the nation. He added that according ...

  • Nigeria open to more investment, says Osinbajo

    Olalekan Adetayo, Abuja Vice-President Yemi Osinbajo on Tuesday said Nigeria was open to business and more investment. Osinbajo who chairs the nation’s Economic Management Team said this at a bilateral meeting he held with his Indonesian counterpart, Vice President Jusuf Kalla, on the sidelines of the Extractive Industries Transparency Initiative ...

  • Africa must reposition its economy to attract investors – Osinbajo

    Vice President Yemi Osinbajo has called on Africa to reposition its economy in the direction that will attractive investors because investment depends on the advantages derivable. Osinbajo made this call while interacting with a committee of African Ambassadors to Indonesia led by the dean of the group, Ms Alice Mageza ...

  • Evans’ brother-in-law case: Court awards N2m against police

    Oladimeji Ramon The Federal High Court in Lagos on Monday entered judgment against the Nigeria Police Force in the fundamental rights enforcement suit filed by one Mr. Okwuchukwu Obiechina said to be the brother-in-law of alleged kidnap kingpin, Chukwudumeme Onwuamadike, alias Evans. Justice Mohammed Idris, in a judgment on Monday, ...

  • Senate indicts Okonjo-Iweala, says her memo caused N1.7tn revenue loss

    Leke Baiyewu, Abuja The Senate Ad Hoc Committee on Alleged Misuse, Under-Remittance and Other Fraudulent Activities has said revenue agencies short-changed the Federal Government to the tune of N1.7tn as unremitted revenue generated between 2012 and 2016. The panel blamed it on a memo by a former Minister of Finance, ...

  • Police arrest man with 88 bundles of fake dollars

    The Niger State Police Command on Monday arrested one Abubakar Suleiman with 88 bundles of fake dollars, the News Agency of Nigeria reported. The command’s spokesman, SP Abigael Unaeze, while parading the suspect before newsmen in Minna, said Suleiman and three others at large conspired and took his father-in-law to ...

  • LPG consumption

    •Promotion of gas for domestic use requires government’s robust political and financial commitment Like in many other social indices: infant and maternal mortality, literacy, ETC., Nigeria trails Ghana, Cote d’Ivoire, and many other countries in West Africa in consumption of liquefied petroleum gas (LPG). While Ghana and Cote d’Ivoire consume ...