UgamatvENUGU NNPC : GUARDS PROTEST UNPAID SALARY ARREARS
The Nigeria National Petroleum Corporation Pipeline Surveillance Contractors on Monday protested non-payment of 10 months salary arrears by UTM Offshore Limited, NNPC contractor in Enugu. The Security Guards Contractors that…
Tochukwu Chukwu
- Business , News
- August 17, 2020
- 172 views
STOCK MARKET RECORDS N90BN WEEKLY GAIN
The nation’s stock market extended its rally last week as the market capitalisation of equities rose by N90bn. The Nigerian Stock Exchange All-Share Index and market capitalization appreciated by 0.63…
- Business , News
- August 17, 2020
- 198 views
DEBT SERVICING GULPS N1.57TN IN SIX MONTHS
The Federal Government spent a total of N1.57tn on debt servicing in the first six months of the year, the Minister of State for Budget and National Planning, Mr Clem…
- Business , News
- August 17, 2020
- 213 views
FOREIGN RESERVES FALL BY $544.94M IN SIX WEEKS
The country’s foreign reserves fell by $544.94m from $36.17bn on July 1 to $35.62bn on August 13, the latest figures from the Central Bank of Nigeria have shown. The CBN…
SIX POWER PLANTS SHUT IN 35 HOURS GENERATION SLUMPS
Six of the nation’s power plants were shut down between 8:15pm on Thursday and 6am on Saturday, causing power generation to plunge by 1,190.3 megawatts. Data obtained from the Nigerian…
NDDC MUST ACCOUNT FOR N6.25BN PALLIATIVE FUND COMMITTEE CHAIR
The Chairman of the Niger Delta Development Commission COVID-19 Palliatives Distribution Committee, Sobomabo Jackrich, has said the Interim Management Committee of the NDDC must account for the N6.25bn palliative fund.…
SENATE BEGINS MTEF/FSP SCRUTINY NEXT WEEK
The Senate Joint Committees on Finance and National Planning will begin consideration of the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper on Wednesday next week. The Chairman, Senate…
- Business , News
- August 14, 2020
- 173 views
ECA: CBN FAILS TO ACCOUNT FOR $11BN, REPS KICK
The House of Representatives kicked on Thursday as the Central Bank of Nigeria failed to account for the $11bn withdrawn from the Excess Crude Account for the implementation of the…
NIPOST VS FIRS :BATTLE OVER STAMP DUTIES CHARGE
House of Representatives waded in to the crisis between the Nigerian Postal Service and the Federal Inland Revenue Service over collection of stamp duties. The House described the battle by…
- Business , News
- August 11, 2020
- 178 views
OVER FIVE MILLION APPLY FOR 400,000 N-POWER JOBS
The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, on Tuesday, announced that the registration of Batch C of its N-Power programme has closed. It said the registration…
