Latest Nigeria Business News
The Federal Government has said it is focused on encouraging the exploitation, processing and refining of gold in Nigeria as well as preventing smuggling of the commodity out of the country. The Permanent Secretary, Ministry of Mines and Steel Development, Dr Abdulkadir Muazu, said the government had identified the mining sector as one of the […]
President Muhammadu Buhari has appointed Dr Thomas John as the acting alternate chairman of the Governing Board of the Nigerian National Petroleum Corporation, bringing to an end the tenure of the former Minister of State for Petroleum Resources, Dr Ibe Kachikwu. NNPC’s Group Managing Director, Maikanti Baru, who announced this in Abuja, stated that the […]
States operating the Contributory Pension Scheme refused to remit about N3.4bn pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts with their Pension Fund Administrators. The acting Director-General, National Pension Commission, Aisha Dahir-Umar, disclosed this during the second quarter consultative forum for states in Lagos on Wednesday. The forum was […]
Suleiman: I retired on level 14 step 10 in June 1996 and was last paid N59400 monthly in March 2018. In August that year I did a new verification at PTAD Abuja, only to be paid N43200 monthly thereafter. They said I was being overpaid. Please is there any table for calculating pension? PTAD: We […]
The Accountant General of the Federation, Alhaji Ahmed Idris on Monday in Kano allayed the fear that servicing the Country’s debt at the rate of 70 percent of the total national income will not destabilized the economy. Ahmed who spoke when he paid a traditional homage on the Emir of Kano,Muhammadu Sanusi II, at his Palace insisted […]
THE Nigerian Electricity Regulatory Commission (NERC) has given Meter Service Provider (MSP) Certification to CWG’s smart meters. The achievement of the feat came at a time the potential for scale-up in metering electricity consumers across the country opened. Before now, the operations of CWG Smart Utility Systems (SUS) had been restricted to servicing clients within […]
KWARA State Government in collaboration with the World Bank has employed 18,000 poor and vulnerable persons under the second phase of the Youth Empowerment and Social Support Operations (YESSO) scheme. Already, in the last two years, no fewer than 1,210 spread across two local government areas – Asa and Ilorin West – benefited from the […]
Determined to offer premium service to its customers across the country, MTN Nigeria Communications Plc on Tuesday launched 4G+ in three cities of Lagos, Abuja and Port-Harcourt. MTN 4G+ runs on 4G LTE advanced technology, using a combination of the recently acquired 800 megahertz (MHz) spectrum and 2600 MHz. The added spectrum and advanced technology […]
THE Federal Government has urged stakeholders in solid mineral exports to improve on their technical skills and production efficiency so as to compete favourably with their peers in the international markets. It also said its economic diversification policy will be meaningless if its solid minerals performed poorly in the international markets The Executive Director/Chief Executive, […]
PRESIDENT Muhammadu Buhari has ordered the Ministry of Finance to sell all recovered and liability-free assets in six months. Some politicians and former government officials had their assets seized in the course of the anti-graft war of the Buhari administration. Speaking Tuesday while briefing the House of Representatives Joint Committee on Finance, Appropriation, Planning and […]