• APCN Seeks Partnership Ties With NTDC

    The Director General, Nigerian Tourism Development Corporation (NTDC), Dr. (Mrs.) Sally Uwechue-Mbanefo has emphasized the need for collaboration in manpower development and skill acquisition in Culinary Art for a better hospitality and tourism service delivery in Nigeria. She said this when members of the Association of Professional Chefs Nigeria paid ...

  • Gunmen Kill 4 Security Operatives In Rivers

    Gunmen on Monday killed four operatives of the Nigeria Security and Civil Defence Corps (NSCDC) in the Ndoni clan of Ogba/Egbema/Ndoni local government area of Rivers State. LEADERSHIP gathered that the security operatives were on duty at a gas facility belonging to the Nigerian Agip Oil Company (NAOC) in the ...

  • Nigeria: Stakeholders Chart Path for Promotion of FDIs

    [Guardian] The need for Foreign Direct Investments (FDIs) is no doubt crucial to the growth of any developing country hence essential to Nigeria, which is trying to reflate its economy, stakeholders opined at the economic summit organized by the Franco-Nigerian Chamber of Commerce and Industry (FNCCI).

  • Lagos to prosecute social centres for safety breach

    Ramon Oladimeji The Lagos State Safety Commission has reiterated its commitment to the full enforcement of its Establishment Act, which imposes the responsibility on event and social centre owners in the state to ensure the safety of citizens using their facilities. The Director-General of the commission, Mr. Akeem Dickson, said ...

  • Cargo examination: Regulators, operators blame corrupt importers

    Anna Okon Regulatory agents and terminal operators have blamed corrupt practices by importers for their presence and high level of physical examination of cargo at the nation’s seaports. Multiple agencies and physical cargo examinations waste time and are reportedly responsible for the high cost of doing business in Nigeria. Some ...

  • OGFZA has created 100,000 jobs, says MD

    The Managing Director, Oil and Gas Free Zones Authority, Mr. Umana Okon, says that the zone has created 100,000 jobs since its establishment. He made the remarks in Lagos while presenting a paper titled ‘Oil & Gas Free Zones as a catalyst for economic diversification’. He said, “Other free trade ...

  • Obasanjo attacks Buhari, knocks N’Assembly members

    Gbenga Adeniji Former President Olusegun Obasanjo on Wednesday came hard on President Muhammadu Buhari, urging him to fix the country’s economy as he promised during electioneering rather than expressing frustration at the gloomy economic situation. Obasanjo spoke during a lecture he delivered at the First Akintola Williams Annual Lecture in ...

  • Recession: FG plans tax relief for manufacturers

    Ifeanyi Onuba, Abuja The Federal Government, in a bid to ease the burden of the current economic recession on the manufacturing sector, is planning some form of tax relief for the sector. The Minister of Finance, Mrs. Kemi Adeosun, dropped the hint on Wednesday in Abuja while responding to questions ...

  • Obasanjo attacks Buhari, Senators, Reps, judges

    Former President Olusegun Obasanjo spoke yesterday on the state of the economy. He urged President Muhammadu Buhari to urgently fix things “because Nigerians are suffering”. He also warned against taking the $29.9billion loan as proposed by the president. He said the nation needed less borrowing if the government could invite ...

  • CCB chairman supports DSS on alleged corrupt judges’ arrest 

    THE Code of Conduct Bureau (CCB) has said there is no law that has the power to stop the State Security Services (SSS) or the Department of State Services (DSS) from  arresting, investigating and prosecuting any corrupt practices. Its Chairman Sam Saba said the DSS was lawfully covered by Section ...

  • Skye Bank mulls subsidiaries’ sale to raise capital

    Skye Bank may sell some or all of its local and foreign subsidiaries as part of a review aimed at streamlining operations and boosting its capital adequacy, its chief financial officer told Reuters. The Central Bank of Nigeria, CBN, shored up Skye Bank in July with a more than N100 ...

  • EFCC Arrests Edo SUBEB Officials Over N1.5bn Fraud

    The Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Office has arrested the executive chairman  and Director of Finance of  the Edo State Universal Basic Education Board (SUBEB), Mr. Stephen Alao and Mr. Adams Osabuohien respectively, in connection with an alleged case of abuse of office, diversion and misappropriation of ...

  • Nigeria: Senate Summons Kachikwu Over U.S.$115 Billion Deal With China, India

    [This Day] Abuja -The Senate yesterday summoned the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, to appear before its Committees on Petroleum (Upstream), Gas and Foreign Affairs to explain the rationale behind the $100 billion memorandum of understanding (MoU) he signed with Chinese companies and another proposed $15 ...

  • Senate probes secret, lopsided appointments in NHIS

    Leke Baiyewu, Abuja The Senate has begun a probe into the alleged illegal recruitment and lopsided appointment of some management staff of the National Health Insurance Scheme. The upper chamber of the National Assembly is also investigating the scheme’s expenditure on training and travels. The management staff of the NHIS ...

  • Edo open to private partnership on job creation – Obaseki

    Alexander Okere, Benin The Edo State Governor, Godwin Obaseki, on Tuesday said the state government was willing to partner private investors in different sectors of the economy to create jobs and reduce unemployment in the state. Obaseki disclosed this during the inauguration of the N4.5bn spirits production line at the ...

  • Ghost workers: FG’s monthly wage bill drops by N20bn

    Ifeanyi Onuba, Abuja  The Federal Government on Tuesday said it had been able to reduce the monthly wage bill of civil servants in Ministries, Departments and Agencies from N165bn to N145bn. The Permanent Secretary, Ministry of Finance, Mr. Mahmoud Dutse, gave the figure in a chat with journalists on the ...

  • Cash call: Nigeria gets $1.7bn discount from IOCs

    Okechukwu Nnodim, Abuja  International oil companies operating in the country have discounted $1.7bn off Nigeria’s $6.8bn cash call Joint Venture debts that accrued over the past six years, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said. According to him, the balance of $5.1bn owed the IOCs ...

  • Ford enlivens Nigeria’s auto market with new Edge

    Rasheed Bisiriyu Just before the end of a recession year in Nigeria, characterised by poor sales and scarce new car launches, Coscharis Motors has unveiled the 2016 edition of Ford Edge, which comes loaded with sophisticated technologies including active noise control and pre-collision assist/pedestrian detection. The event, which was held ...

  • Private school business: Placing value above cash

    Jennifer Abraham Nigeria’s public school system is currently decrepit. Many people blame this on poor infrastructure and funding but that is hardly the whole story. After the war in Eastern Nigeria in those days, some of us started school on cleared patches of bush with faded chalkboards; the ground served ...

  • Fed Govt reduces monthly wage bills by N20b

    The Federal Government says it has recorded N20 billion reduction in its monthly wage bill across Ministries Department and Agencies (MDAs). Currently, the N165 billion monthly wage bill has now come down to N145 billion translating to N20 billion monthly savings. The Permanent Secretary, Federal Ministry of Finance, Dr. Mahmoud Isa-Dutse confirmed ...

  • Global landmine casualties at 10-year high in 2015

    Source: International Campaign to Ban Landmines, Cluster Munition Coalition Country: WorldAccording to the Landmine Monitor, 2015 marked a 75% increase from the number of casualties caused by landmines and unexploded ordnance recorded for 2014, while clearance funding keeps declining. Alarm at mine victim rise Landmine report finds global casualties at 10-year high while ...