The leadership of the Organized Private Sector under the aegis of Organized Private Sector of Nigeria (OPSN) has sought the Presidency’ explanation on the need for electricity tariff increase, particularly now at a time when the nation’s economic performance is receding and millions of poor Nigerians are trapped in poverty cycle. The OPSN comprises the […]
As part of its efforts to reward its customers during the national Independence Day celebrations, Heritage Bank Plc has announced an online competition for its customers to make videos recitation of them presenting the “National Pledge” in Pidgin English and the four best videos will be rewarded with total cash prize of N1million. A statement […]
Fitch Ratings has assigned African Risk Capacity Limited (ARC Ltd), the commercial subsidiary of the African Risk Capacity Group (ARC Group), an ‘Insurer Financial Strength (IFS) Rating of ‘BBB+’ and a ‘Long-Term Issuer Default Rating (IDR) of ‘BBB’ with a stable outlook. Announcing the rating on its website, the global financial rating firm indicated that […]
The African Risk Capacity Limited (ARC Ltd), the commercial subsidiary of African Risk Capacity Group (ARC Group), has announced a partnership agreement with Insuretech Pula to deliver best-in-class agriculture index insurance products to protect African farmers from climatic risks. The pact was partly sealed based on the lingering challenges facing African farmers every farming season, […]
General Electric (GE) on Monday announced the successful rehabilitation of three 9E.03 gas turbines, at three Niger Delta Power Holding Company’s (NDPHC) power plants in Calabar and Sapele, enabling the plants to reliably secure and restore the supply of up to 360 megawatts (MW) of electricity to the national grid. A news report sourced from […]
Nigeria’s efforts towards achieving broad-based and cross-sectoral development on sustainable basis will not translate to remarkable success unless adequate commitment is given to accurate and timely statistical data production covering all facets of national development, the Statistician General of the Federation, Dr. Yemi Kale, has stressed. Dr Kale, who made this remark at the opening […]
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has unveiled plans to carry out a nationwide verification and reconciliation exercise on revenue inflows and remittances from relevant organizations to the appropriate government treasury covering a four year period (Jan 2016 – Dec 2019) with a view to compelling defaulting MDAs to remit such revenue to […]
The Minister of State for Industry, Trade and Investment, Ambassador Mariam Yalwaji Katagum, has reaffirmed the ministry’s commitment to Federal Government’s agenda of lifting 100 million Nigerians out of poverty in the next ten years. The Minister was quoted in a statement issued by the Assistant Director (Information), Mrs. Oluwakemi Ogunmakinwa, as making the promise […]
Barely few hours after apologizing to Nigerians on its Thursday’s directive requiring all account holders in financial institutions to complete a new ‘self-certification’ form, the Federal Government today said that the Notice was not meant for all financial institution persons and assured that the Federal Inland Revenue Service (FIRS) would make further clarifications on the […]
Nigeria’s former Supervising Minister of Finance and one of the candidates contesting for the position of Director General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has won in the first run of the election. By scaling the first hurdle in the electioneering process, Okonjo-Iweala and four others will now proceed to the second […]