Category: Business
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NGF, NCDC sign MoU on World Bank N3.7bn COVID-19 assisted fund
The Nigeria Governors Forum (NGF) and the Nigerian Centre for Diseases Control (NCDC) on Wednesday signed a Memorandum of Understanding (MoU) on the World Bank N3.7 billion COVID-19 response support to states and the FCT. The Nigeria COVID-19 Preparedness and Response Project (NIGERIA CoPREP) MoU was jointly signed by the NGF Chairman, Governor Kayode Fayemi…
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FG Explains Reconstitution of NBET Board
The federal government has explained that the reconstitution of the Board of the Nigerian Bulk Electricity Trading Company (NBET) was necessitated by the challenges of the power sector, particularly those of achieving its mandate. It noted that the contractual obligations and guarantees NBET issues and manages are therefore of strategic importance for the repositioning of…
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WTO job: We’re with you, ECOWAS tells Okonjo-Iweala
The Heads of State and Governments of the 15 Economic Community of West African States (ECOWAS) have endorsed the candidature of Nigeria’s two-term former minister and erstwhile Managing Director (Operations) of the World Bank, Dr. Ngozi Okonjo-Iweala, for the position of the Director General of the World Trade Organisation (WTO). The West African leaders made…
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Dangote Group Disengages 3,000 workers
A subsidiary of Dangote Group, Dangote Cement Plc has reportedly disengaged no fewer than 3,000 staff Chairman of Dangote Group, Aliko Dangote is the richest African. One of the affected staff who pleaded anonymity said the sack was effected on the Obajana (kogi state) and Ibese (Ogun state) stations on Monday. The dismissed staff who…
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Despite disengagement, NBET boss remains in office
In defying order of Minister of Power, Sale Mamman, the Managing Director of the Nigerian Bulk Electricity Trading Plc, Marilyn Amobi, has continued her official duties on Tuesday Mamman had on Monday named a successor after ordering for the second time the sack of Amobi as NBET MD. Amobi, who was replaced by the company’s…
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FG predicts 39.4 million job losses in 2020 over COVID-19
As the economic impact of coronavirus bites harder, the federal government has raised concerns that not fewer than 39.4 Nigerians which represents 33.6% of the population are at the risk of losing their jobs over the coronavirus pandemic. According to Economic Sustainability Committee (EAC) led by Vice President Yemi Osinbajo during the submission of its…
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WTO: Okonjo-Iweala’s nomination late, invalid — Egypt
The nomination of former Minister of Finance under the former President Goodluck Jonathan administration, Dr. Ngozi Okonjo-Iweala for the World Trade Organisation top job seem to have run into troubled waters as Egypt has requested that her nomination to contest for the office of the director-general should not be recognised. In a letter to States…
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Okonjo-Iweala secures Buhari’s nomination for WTO DG
President Muhammadu Buhari has approved the nomination of a former two-term Minister of Finance and former Managing Director (Operations) of the World Bank, Dr. Ngozi Okonjo-Iweala, for the position of Director-General of the World Trade Organisation (WTO). The nomination comes about three weeks after the incumbent, Mr. Roberto Azevêdo, announced that he would step down…
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AfDB Presidency:: You have my support, Buhari assures Adesina
President Muhammadu Buhari has said Nigeria will stand solidly behind Dr Akinwumi Adesina in his bid to get re-elected as President of the African Development Bank (AfDB). The President spoke at State House, Abuja, Tuesday, while hosting Adesina on a courtesy visit. In a statement issued by the Special Adviser to the President on Media,…
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BRT Hikes Transport Fare From N300 to N500, Changes Sitting Arrangement
Primero Transport Services Limited, operators of the Lagos Bus Rapid Transit (BRT) says it has secured approval to increase its fares across all routes with effect from Friday to keep serving the people. The News Agency of Nigeria (NAN) had earlier reported that the BRT operator had withdrawn its services since Monday over losses occasioned…