The Bureau of Public Enterprises (BPE) has expressed its readiness to collaborate with the Nigeria Labour Congress (NLC) in its current reforms and privatisation programme of the Federal Government. The Acting Director-General of the Bureau, Mr. Ignatius Ayewoh, made this remark when he recently paid a courtesy visit to the President of the labour union, […]
Economy News Extra
CAC Revokes NIPOST Subsidiaries’ Registration Certificates
The Corporate Affairs Commission (CAC) has revoked the certificates of incorporation of NIPOST Properties and Development Company and NIPOST Transport and Logistics Services Limited. The revocation of the affected entities’ registration certificates was sequel to the discovery of an alleged illegal transfer of N10 billion in restructuring funds released by the Federal Ministry of Finance […]
NASENI, Nasarawa Govt, Firm To Build Tractor Manufacturing Plant
The National Agency for Science and Engineering Infrastructure (NASENI) has opened discussions with Nasarawa State Government and Bobtrack Tractors, a division of Saint Bob Motors Limited, on the manufacturing and assembling of tractors in the North-Central geopolitical zone. A statement issued on Monday by the agency’s Director, Information, Segun Ayeoyenikan, on the multibillion Naira project […]
Nigeria’s Child Labour Rate Hits 24.67Mn – Report
The latest report by the National Bureau of Statistics (NBS) and the International Labour Organisation (ILO) released on Thursday indicated that over 24 million Nigerian children between the ages of 5 to 17 were engaged in child labour. According to the report titled ‘Nigeria Forced Labour Survey 2022’ a total of 24,673,485, representing 39.2% of […]
NESG Holds 2024 AGM, Reappoints Board Of Directors
The Nigerian Economic Summit Group (NESG) held its Annual General Meeting (AGM) on Tuesday in Lagos to review the year ended December 31st 2023. Speaking at the meeting which featured the presentation of the group’s year-end financial statement and re-appointment and ratification of its board directors, Chairman of the Board of Directors of the NESG, […]
NCAA Suspends Three Private Jet Operators’ Licences
The Nigerian Civil Aviation Authority (NCAA) has suspended the Permits for Non-Commercial Flights (PNCF) licences of three private jets for engaging in commercial operations. Acting Director-General of the NCAA, Captain Chris Najomo, announced the suspension in a visual press release posted on the official NCAA X (formerly Twitter) account on Tuesday. According to him, the […]
Gov Abiodun Swears-In Onasanya As HoS, Assures Better Civil Service
Ogun State Governor, Prince Dapo Abiodun, on Monday assured the state’s indigenes and residents that his administration would continue to fulfil all promises made to the public service by ensuring the provision of adequate working tools for the workforce. Abiodun gave the assurance during the swearing-in of the newly appointed Head of Service, Mr. Kehinde […]
Ogun To Conduct Multidimensional Human Development Index Survey
The Ogun State Government has unveiled plans to conduct household surveys to develop a framework that will assist in planning, management, and evaluation of the multi-dimensional poverty human development index in the state. The survey is expected to go one step further than the NBS’ Multi-dimensional poverty index by allowing the Prince Dapo Abiodun-led administration […]
30,000 Students Benefit From Ogun Educash Transfer So Far – Commissioner
Ogun State Government has disclosed that at least 20,000 students in tertiary institutions across the country have so far benefited from its ongoing Educash transfer of N50,000 to mitigate the current economic hardships being experienced by undergraduates in the country. This is even as he said that 10,000 indigent students in both primary and secondary […]
AfDB Approves $50Mn Loan For Yobe’s ECCAP
The Board of Directors of the African Development Bank Group (AfDB) has approved a $50 million loan for the Yobe State Environmental and Climate Change Action Project (ECCAP) to enhance climate change resilience, boost food security, and improve livelihoods for over 3.5 million people in North East Nigeria. A news report from African Press Organisation […]