The Federal Government on Thursday confirmed that approval to the tune of $195 million had been granted for execution of projects critical to ensuring security of the nation’s waterways and by so doing, boost the performance of the maritime sector. The Minister for Transportation, Rotimi Amaechi, who gave this hint in Abuja at a press […]
The Managing Director, International Monetary Fund, Christine Lagarde, on Thursday expressed concern that the high debt levels that low-income countries have built up through non-traditional sources could complicate any debt restructuring. Lagarde, who gave this charge at a sovereign debt restructuring conference at the IMF’s headquarters in Washington, DC, therefore canvassed the need for bilateral […]
United States’ (U.S’) Consumer Price Index (Inflation) rose less than expected in August, as increases in gasoline and rents were offset by declines in healthcare and apparel costs, and underlying inflation pressures also appeared to be slowing., Reuters has reported. Specifically, the CPI increased 0.2 percent last month after a similar gain in July. In […]
In furtherance of its sustained efforts to make the nation’s tax system more investment-friendly, the Joint Tax Board (JTB) has urged local governments to ensure that the incidence of multiple taxation is curbed at sub-national level nationwide. The Board, which is the umbrella body for all tax authorities in the country, gave the renewed advice […]
The organized labour on Wednesday gave the Federal Government two-week ultimatum for finalizing the ongoing discussions on the New Minimum Wage to avoid industrial crisis. The labour leaders, who are members of the Minimum Wage Committee at a joint news conference in Lagos, charged the government to ensure that the committee concludes its work within […]
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh has commended CHI Farms and Zoetis for the establishment of City Laboratory, an ultra-modern veterinary diagnostic centre, commissioned on Wednesday, in Ibadan, Oyo state. Ogbeh, who was represented at the commissioning ceremony by ministry’s Director and Chief Veterinary Officer, Dr. Olaniran Alabi, noted that the […]
President Muhammadu Buhari on Tuesday promised that the Federal Government would consider the audit report on all assets recovered in the first half of his administration with a view to implementing its recommendations. The President gave the assurance after receiving the six-volume report from the leader of the Presidential Audit Committee on Recovered Assets, Mr […]
The Managing Director of Heritage Bank Plc, Mr. Ifie Sekibo, on Tuesday charged deposit money banks in the country to do more in building a formidable economy driven on the wheel of Micro,Small and Medium Scale Enterprises (MSMEs) in view of lots of value-addition and opportunities in the SMEs sector. Sekibo, was quoted in a […]
The United States Agency for International Development (USAID) has warned that fixing Nigeria’s critical sectors such as education and health care services will remain a mirage until subsidies on petroleum products and electricity are discontinued. The USAID Country Mission Director, Stephen Haykin, who represented the US Ambassador to Nigeria, Stuart Symington, gave this warning on […]
The Debt Management Office (DMO) on Tuesday restated Nigeria’s capability to meet all her debt repayment obligations, including the Chinese loans taken for funding infrastructure projects in the country. The clarification by the nation’s debt management office came amidst growing concern over the nation’s increasing loan portfolio from China which has accentuated under the President […]