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Economy

State of Nigeria, African and global economies

Dubai Luxury Shops Hit Hard Due To Missing Nigerians

Effects of the naira devaluation and spike in foreign exchange (forex) are currently biting hard in shops in Dubai, the United Arab Emirates, (UAE), the favourite shopping centre for many Nigerians and other nationals around the world. The popular Dubai Mall, in the heart of the city, recounted that patronage …

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Oyo State Cuts Political Appointees’ Salaries By 50%

The Oyo State Government has announced 50 per cent reduction in the salaries of political office holders, their compensation, approval limits and government’s spending with immediate effect. Alhaji Olalekan Alli, the Secretary to the State Government (SSG), disclosed this at a news conference held in Ibadan on Monday. Alli said …

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Customs Uncover 20 Containers of Cooking Oil Falsely Declared As AS Disodium Phosphate

In a renewed vigor and enthusiasm of the Tincan Island Port in blocking all flashpoint for Revenue leakages, the Command recently intercepted twenty (20) Containers of Vegetable Oil wrongly declared as Disodium Phosphate. This declaration was made by Bashir, Y. U, the Customs Area Controller while on a routine visit …

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Breakdown of 200,000 Selected Employed Graduates To Start Work Soon – VP Osinbajo

150,000 to teach 30,000 to serve as Agric extension workers 20,000 as public health workers Laolu Akande, Abuja: The inaugural set of 200,000 unemployed graduates already selected in the first batch of the N-power volunteer job and training scheme of the Buhari Social Investment Programmes should start work in the …

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Buhari Donates Lagos Presidential Lodge To Lagos State Government

Governor Akinwunmi Ambode of Lagos State on Sunday said he planned to turn the Lagos Presidential Lodge to Heritage Centre for Leadership. Mr Steve Ayorinde, the Commissioner for Information and Strategy, said in a statement that Gov. Ambode planned that the lodge would be designed and equipped for landmark research …

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House Of Reps Threaten Arrest Warrant On Customs Boss, Ali

The House of Representatives has again threatened to issue a warrant of arrest on the Comptroller General of the Nigeria Customs Service (NCS), Col Hameed Ibrahim Ali (rtd), over refusal to explain why his agency allegedly paid N250 million to Fortis Insurance Brokers Limited. The latest threat came after the …

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Kachikwu Says NNPC Is Wrong To Hike Petrol Price

The Minister of State for Petroleum, Dr Ibe Kachikwu, says the recent N4 increase in price of petrol in Nigerian National Petroleum Corporation (NNPC) filling stations, is wrong. Kachikwu said this after receiving an award at an event organized by the Petroleum Products Pricing Regulatory Agency (PPPRA) in Abuja on …

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1Million Poor Nigerians Set To Get Buhari’s N5,000 Social Security Fund

There are no online applications required for the very poor Nigerians for whom the monthly N5,000 Conditional Cash Transfer of the Buhari Social Investment programmes are designed for. This clarification was made today by Mr. Laolu Akande, the Senior Special Assistant on Media in the Office of the Vice President …

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Employment: 700,000 Applicants Applied for 500 Federal Inland Revenue Jobs

The Chairman, Federal Inland Revenue Service (FIRS), Mr Tunde Fowler, has said that the organisation received more than 700,000 applications from the recent job advert it placed.Fowler made this known on Wednesday in Abuja when he appeared before the House of Representatives Committee on Public Petition. The FIRS boss’ appearance …

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